Situated west of Route 29 in northern Madison County, with 73 acres of pasture and woods, is part of the Old Home Place Farm tract, having a modern 3BR ranch home and a 4,000 sq.ft. multi-purpose building that could be converted to another residence. There are spectacular Blue Ridge Mountain views from the home, and another potential building site. The open land is mostly fenced, primarily gently rolling, and is currently used for grazing cattle. The setting is private, and quiet, but very convenient to major roads, and to Culpeper and Washington DC to the north, and to the County Seat of Madison and Charlottesville to the south. This farm could be an excellent retreat, being less than 2 hours to DC, or a great permanent home and farm in a superb location.
Active
Price cut: $150K (9/17)
$1,950,000
551 Old Home Place Ln, Reva, VA 22735
3beds
1,616sqft
Farm
Built in 2017
73.79 Acres Lot
$1,974,500 Zestimate®
$1,207/sqft
$-- HOA
What's special
- 72 days
- 332
- 10
Zillow last checked:
Listing updated:
Listed by:
JIM FAULCONER 434-981-0076,
MCLEAN FAULCONER INC., REALTOR 434-295-1131,
WILL FAULCONER 434-987-9455,
MCLEAN FAULCONER INC., REALTOR
Source: CAAR,MLS#: 679310
Originating MLS: Charlottesville Area Association of Realtors
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
- Full bathrooms: 3
- Main level bathrooms: 2
- Main level bedrooms: 3
Rooms
- Room types: Bathroom, Bedroom, Family Room, Full Bath, Great Room, Kitchen
Primary bedroom
- Level: First
Bedroom
- Level: First
Primary bathroom
- Level: First
Bathroom
- Level: First
Bathroom
- Level: Basement
Family room
- Level: First
Great room
- Level: First
Kitchen
- Level: First
Heating
- Natural Gas, Radiant
Cooling
- Ductless
Appliances
- Included: Dishwasher, Electric Range, Refrigerator
- Laundry: Washer Hookup, Dryer Hookup
Features
- Primary Downstairs
- Flooring: Carpet, Vinyl
- Basement: Exterior Entry,Full,Interior Entry,Unfinished,Walk-Out Access
Interior area
- Total structure area: 7,232
- Total interior livable area: 1,616 sqft
- Finished area above ground: 1,616
- Finished area below ground: 0
Property
Parking
- Parking features: Detached, Garage
Features
- Levels: One
- Stories: 1
- Patio & porch: Rear Porch, Deck, Front Porch, Porch, Side Porch, Wood
- Exterior features: Fence
- Fencing: Partial
- Has view: Yes
- View description: Mountain(s), Panoramic, Rural
Lot
- Size: 73.79 Acres
- Features: Open Lot, Partially Cleared, Wooded
- Topography: Rolling
Details
- Parcel number: 3216A
- Zoning description: AG Agricultural
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Farm
Materials
- Stick Built
- Foundation: Poured
- Roof: Composition,Shingle
Condition
- New construction: No
- Year built: 2017
Utilities & green energy
- Sewer: Septic Tank
- Water: Private, Well
- Utilities for property: Other
Community & HOA
Community
- Features: Stream
- Subdivision: NONE
HOA
- Has HOA: No
Location
- Region: Reva
Financial & listing details
- Price per square foot: $1,207/sqft
- Tax assessed value: $687,700
- Annual tax amount: $5,606
- Date on market: 7/8/2026
- Cumulative days on market: 73 days
Estimated market value
$1,974,500
$1.88M - $2.07M
$3,037/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2026 | Price change | $1,950,000-7.1%$1,207/sqft |
Source: | ||
| 7/8/2026 | Listed for sale | $2,100,000+337.5%$1,300/sqft |
Source: | ||
| 3/20/2015 | Sold | $480,000$297/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $2,501 -33.4% | $687,700 +35.5% |
| 2024 | $3,757 | $507,700 |
| 2023 | $3,757 | $507,700 |
| 2022 | $3,757 +4.2% | $507,700 |
| 2021 | $3,605 | $507,700 |
| 2020 | $3,605 | $507,700 +40.4% |
| 2018 | -- | $361,600 +10.2% |
| 2017 | -- | $328,100 +38.1% |
| 2016 | -- | $237,600 |
| 2015 | -- | $237,600 +125.2% |
| 2014 | -- | $105,500 |
| 2013 | -- | $105,500 -23.8% |
| 2012 | -- | $138,400 -15.6% |
| 2011 | -- | $164,000 |
| 2010 | -- | $164,000 |
| 2009 | -- | -- |
| 2008 | -- | -- |
| 2006 | -- | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: 22735
Nearby schools
Schools provided by the listing agent
- Elementary: Madison Primary
- Middle: William Wetsel
- High: Madison (Madison)
Source: CAAR. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.





