StatusAccepting Backup Offers (ACTIVE UNDER CONTRACT)
About 7705 James Madison Hwy
16.447 acres or prime residential land for development and/or horse farm use in 2 adjoining parcels. (7A1 and 8A1) This property had been an active horse farm. Property adjoins Breyerton Estates on the rear which is a community with houses assessed in the $1 million range and on the South with Harper's Station, an upscale senior living community as well as Legacy Ridge Memory Care. Immediately to the south of these properties are Townhouses and the Madison Crescent commercial and office Center. The price is based on an immediate sale as is or as adjusted upward tied to an agreed higher land use contingencies or densities.
Property Details
Property Features
Listing Office:
Office Name: Norman Realty, Inc.
Office Phone: (703) 368-2186
Listing Agent: John E Walvius
Exterior Features
Exterior Information:
View: Pasture
Lot Features
Lot Information:
Lot: Cleared
Lot Size: 16.45 Acres
School Info
Assigned Schools Information:
Battlefield High School, Public Magnet Grades 9-12
Reagan Middle School, Public District Grades 6-8
Buckland Mills Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: Property is located about 1/2 mile north of Route 29 (Lee Highway)
Price Information
Listing Price Info
Price Summary:
List Price: $3,500,000
Tax Information:
Annual Amount: $9,806
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Gainesville, VA.
This property is $2.9M more than the Median Sold Price in Gainesville, VA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #VAPW2054286
Listing Office:
Office Name: Norman Realty, Inc.
Office Phone: (703) 368-2186
Listing Agent: John E Walvius
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$17.5K
Per Month
Principal & Interest
$17.4K
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
$10.5K
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
7
/10
Buckland Mills Elementary School
10511 Wharfdale Pl
Distance between this listing and this school1.66 miles
Public District Grades PK-5
Middle School
6
/10
Reagan Middle School
15801 Tanning House Ct
Distance between this listing and this school4.14 miles
Public District Grades 6-8
High School
8
/10
Battlefield High School
15000 Graduation Dr
Distance between this listing and this school4.17 miles
Public Magnet Grades 9-12
Assigned Schools
7
/10
Buckland Mills Elementary School
10511 Wharfdale Pl
Distance between this listing and this school1.66 miles
Public District Grades PK-5
Nearby Schools
7
/10
Tyler Elementary School
14500 John Marshall Hwy
Distance between this listing and this school2.48 miles
Public Magnet Grades PK-5
7
/10
C. Hunter Ritchie Elementary School
4416 Broad Run Church Rd
Distance between this listing and this school2.60 miles
Public District Grades PK-5
Assigned Schools
6
/10
Reagan Middle School
15801 Tanning House Ct
Distance between this listing and this school4.14 miles
Public District Grades 6-8
Nearby Schools
7
/10
Gainesville Middle School
8001 Limestone Dr
Distance between this listing and this school3.57 miles
Public District Grades 6-8
6
/10
Bull Run Middle School
6308 Catharpin Rd
Distance between this listing and this school3.90 miles
Public District Grades 6-8
Assigned Schools
8
/10
Battlefield High School
15000 Graduation Dr
Distance between this listing and this school4.17 miles
Public Magnet Grades 9-12
Nearby Schools
7
/10
Kettle Run High School
7403 Academic Ave
Distance between this listing and this school3.95 miles
Public District Grades 9-12
8
/10
Patriot High School
10504 Kettle Run Rd
Distance between this listing and this school6.26 miles
The neighbors living near this home have an average income of $111,596. Typical income of Gainesville, VA residents is between $100k-200k annually. Typical family type is married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 7705 James Madison Hwy
What is the listing price of this property?
The listing price of 7705 James Madison Hwy property is $3,500,000.
What type of property is this?
The property 7705 James Madison Hwy is land located in Gainesville, Virginia, 20155.
Is this property for sale now?
Accepting Backup Offers: 7705 James Madison Hwy is Accepting Backup Offers (Active Under Contract), there is still a chance to have your real estate agent submit an offer.
What are the assigned schools for this property?
The assigned schools for 7705 James Madison Hwy are: Buckland Mills Elementary School: GreatSchools Rating 7/10Reagan Middle School: GreatSchools Rating 6/10Battlefield High School: GreatSchools Rating 8/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $9,806 (source: MLS/based on county public records data).
How much acreage is this property?
The property 7705 James Madison Hwy is 16.45 acres.
Interested in 7705 James Madison Hwy? 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 7705 James Madison Hwy in Gainesville, VA and zip code 20155. This home sits on a 16.45 acre lot. It has been listed on Rocket Homes since July 05, 2023 and is currently priced at $3,500,000.
Gainesville, VA housing market in April 2024 saw over 66 listings sold above listed price, more than 19 sold at listed price and over 15 sold below. The number of homes for sale in Gainesville, VA increased by 34.2% between March 2024 and April 2024. Listings spent 9 days on the market in April 2024, and had a median list price of $600,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Skiing/snowboarding
Skiing/snowboarding
PGA/LPGA
College Football
BJs Wholesale Club
Stein Mart
Best Buy
Panera
Cracker Barrel
Texas Roadhouse
Infiniti
Lexus
Ram
Adult Hits
Oldies
Contemporary Christian