Great lot located in the Lost Valley Subdivision. This 2.76 parcel offers seasonal mountain views and a PICTURESQUE setting where you can enjoy seeing wildlife pass through. No hunting within the HOA, but Lost Valley is partially bordered by the Rapidan Wildlife Management, just a short distance away. Nearby hiking at Shenandoah National Park, or even in your very own back yard! This lot currently has a shed/cabin with a loft and wood burning fireplace. The property survey was done in 2023 along with major soil improvement, land clearing, and leveling. In 2023, the property was approved for primary and 100% reserve for a 2BR. Well and septic permit was acquired in 2023. Come out and see what this lot has to offer!
Property Details
Property Features
Listing Office:
Office Name: Fairfax Realty Select
Listing Agent: Muhammad Ibrahim
Exterior Features
Exterior Information:
View: Mountain(s), Trees/Woods
Lot Features
Lot Information:
Lot Size: 2.76 Acres
School Info
Assigned Schools Information:
Madison County High School, Public District Grades 9-12
William H. Wetsel Middle School, Public District Grades 6-8
Waverly Yowell Elementary School, Public District Grades 3-5
Other
Directions Information:
Directions: From Madison, take 230W to RT 662, Graves Mill Rd & continue straight on to RT 615, Bluff Mountain Rd. Take a left onto Cobblestone Row until reaching Lost Valley Rd on your right. Pass the community pond to a left on Lost Valley Rd. The property will be
Price Information
Listing Price Info
Price Summary:
List Price: $65,000
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Number: #VAMA2001698
Listing Office:
Office Name: Fairfax Realty Select
Listing Agent: Muhammad Ibrahim
Information is provided by Charlottesville Area Association of Realtors®. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$392
Per Month
Principal & Interest
$325
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$261
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
2
/10
Waverly Yowell Elementary School
1809 N Main St
Distance between this listing and this school7.33 miles
Public District Grades 3-5
Middle School
3
/10
William H. Wetsel Middle School
186 Mountaineer Ln
Distance between this listing and this school7.16 miles
Public District Grades 6-8
High School
5
/10
Madison County High School
68 Mountaineer Ln
Distance between this listing and this school7.03 miles
Public District Grades 9-12
Assigned Schools
2
/10
Waverly Yowell Elementary School
1809 N Main St
Distance between this listing and this school7.33 miles
Public District Grades 3-5
Nearby Schools
2
/10
Nathanael Greene Elementary School
8094 Spotswood Trl
Distance between this listing and this school8.53 miles
Public District Grades 3-5
5
/10
Ruckersville Elementary School
105 Progress Place
Distance between this listing and this school11.54 miles
Public District Grades KG-5
Assigned Schools
3
/10
William H. Wetsel Middle School
186 Mountaineer Ln
Distance between this listing and this school7.16 miles
Public District Grades 6-8
Nearby Schools
4
/10
William Monroe Middle School
148 Monroe Dr
Distance between this listing and this school8.52 miles
Public District Grades 6-8
2
/10
Elkton Middle School
21063 Blue And Gold Dr
Distance between this listing and this school12.20 miles
Public District Grades 6-8
Assigned Schools
5
/10
Madison County High School
68 Mountaineer Ln
Distance between this listing and this school7.03 miles
Public District Grades 9-12
Nearby Schools
6
/10
William Monroe High School
254 Monroe Dr
Distance between this listing and this school8.64 miles
Public District Grades 9-12
5
/10
East Rockingham High School
250 Eagle Rock Rd
Distance between this listing and this school14.60 miles
The neighbors living near this home have an average income of $65,327. Most Madison County, VA residents have annual incomes between $35k-100k. The most common type of family is married, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 540 Lost Lakeview Rd
What is the listing price of this property?
The listing price of 540 Lost Lakeview Rd property is $65,000.
What type of property is this?
The property 540 Lost Lakeview Rd is land located in Madison, Virginia, 22727.
Is this property for sale now?
Active Listing: 540 Lost Lakeview Rd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 540 Lost Lakeview Rd are: Waverly Yowell Elementary School: GreatSchools Rating 2/10William H. Wetsel Middle School: GreatSchools Rating 3/10Madison County High School: GreatSchools Rating 5/10
When was this property sold last time and for how much?
The last sale was on March 15, 2018 for $20,000. (source: MLS/tax record).
How much acreage is this property?
The property 540 Lost Lakeview Rd is 2.76 acres.
Interested in 540 Lost Lakeview Rd? Let's connect.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 540 Lost Lakeview Rd in Madison, VA and zip code 22727. This home sits on a 2.76 acre lot. It has been listed on Rocket Homes since May 10, 2024 and is currently priced at $65,000.
In April 2024 more than 7 listings in Madison County, VA were sold above the asking price. During the same period more than 9 listings were sold at asking price, while more than 6 were sold below. The number of listings in Madison County, VA increased by 19.3% between March 2024 and April 2024. In April 2024, listings were on the market for 21 days. During the same period, the median list price in this real estate market was $424,900.
From Rocket Homes Real Estate and based on county public records data.