0 Old Forge Way, Madison, VA 22727

FOR SALE BY OWNER (FSBO). If interested, please E-Mail (bkcliver@mac.com) only. PLEASE DO NOT CALL. Original price $,99,900 NEW UPDATE: 8/16/24-JUST REDUCED FROM $90,000 TO $85,500. 6/13/24-Reduced from $94,900 to $90,000. I own 3.01 acres. New comp.-1.64 acres on Lost Lane in Madison, VA sold on 5/9/24 for $57,000. OTHER COMPS: Aroda, VA-Three (3) listings: Repton Milll Rd. (3.17 acres), John Tucker Rd. (3.02 acres), and Fieldcrest Ct, (3.00 acres). All listed for $99,900. Another comp: 1002 Thrift Road (1.00 acres) in Madison, VA for $60,000, and 0 Buggy Lane, Rochelle, VA (1.16 acres) for $149,000. All of these properties have no amenities whatsoever. Malvern has many amenities listed below. Please click on map to see the whole map, and a larger picture of Lot 223. This is a very desirable homesite with a short commute to Charlottesville, or Northern Virginia. 2001 county certification letters shall convey with the land. The land perked for a 3 or 4 bedroom house. The house shown on the certification letter is 50 ft. X 50 ft. The house size could also be 40 ft. X 60 ft. There is enough room on the lot. Certification letters from the soil engineer and the Madison County Health Department may be converted to a construction permit by making an application to the Madison County Health Department, and paying the required fees. BEAUTIFUL 3.01 ACRE WOODED LOT (LOT 223). The land features tall hardwoods on the property. There is a beautiful active stream on the rear of the property. In order to view the property everyone needs a pre-approval letter from their bank/financial institution, which I will need to see BEFORE viewing the property. You must be accompanied by the owner in order to view the property. Realtors, please do not write/call asking to sell the property, as it is FSBO-No exceptions. If buyer chooses to use a realtor, they must pay the commission to their realtor-no exceptions. The land was purchased, and has been owned since 12- 27-2001. Great investment. It is a beautiful lot to build on. A weekend log home/brick home could be gorgeous in this setting. Many possibilities. “Private Community-For Members Only”. Will only consider serious buyers. NO OWNER FINANCING. Find your place of piece and quiet. Seclusion of a wooded cul de sac lot. An opportunity to own in a highly sought after community. (Malvern of Madison). The neighborhood is very family oriented. It offers a neighborhood clubhouse, pool, 15-acre lake, and a playground. There are community get togethers held during the holidays, and other times of the year. There are very few lots left in this community. Real estate taxes are $119.14 bi-annually/$238.28 annually. HOA is $600 annually as of 1/1/2024. Recent home sales on Old Forge Way were $540k in June 2022 (now asking $699,900), and another house for $600k in Oct. 2022. 601 Old Forge Way just sold for $675,000. Great investment property. The property is in two zones. The lot is in Zone X (non floodplain), and Zone A. Zone A is a 1% annual chance floodplain shown in light blue) on the map. The lot is buildable in Zone X, and has an approved soil test. In the 8th picture, it shows where you could move the house. The land has NEVER flooded since I have owned it (Dec. 2001).