Bought with Erin M Kavanagh • EXP Realty, LLC
$550,000
$575,000
4.3%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
2,866 SqFt
SOLD DATE : 11/20/2025
Key Details
Sold Price $550,000
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,866 sqft
Price per Sqft $191
Subdivision None Available
MLS Listing ID VAMA2002392
Sold Date 11/20/25
Style Colonial
Bedrooms 4
Full Baths 2
HOA Y/N N
Abv Grd Liv Area 2,866
Year Built 1928
Available Date 2025-09-03
Annual Tax Amount $2,189
Tax Year 2025
Lot Size 2.480 Acres
Acres 2.48
Property Sub-Type Detached
Source BRIGHT
Property Description
The Olive Mill House is a beautifully preserved Four-over-Four colonial farmhouse in the heart of Banco, Virginia. Originally a Sears Kit Home, it was delivered by train to Orange, VA, then transported to Banco and assembled on site. Built nearly a century ago, the home was added to the property by the Tysinger family, who operated the Olive Mill—grinding cornmeal just steps away. This 4-bedroom, 2-bath home rests on 2.4 total acres (two parcels) and has gracefully stood the test of time, retaining its original hardwood floors, front and rear staircases, high ceilings, and welcoming porches. Historic charm is found in every detail—from the antique doors and intricate moldings to the portrait rails and beautiful woodwork. Over the years, the Olive Mill House has served not only as a residence but also as a bed & breakfast, offering guests a taste of Madison County's rich history. Outdoors, you'll find a backyard in-ground pool—perfect for summer gatherings—set against the backdrop of one of Virginia's most picturesque regions. The home is located on a Virginia Scenic byway, close to White Oak Falls, Old Rag, and Graves Mtn Lodge. This rare find combines historic craftsmanship with modern comfort, making it a truly special place to call home. Property will be active on the market on Sept 3rd , 2025. Three Bedroom Septic.
Location
State VA
County Madison
Zoning A1FP
Rooms
Other Rooms Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Primary Bathroom, Full Bath
Interior
Interior Features Additional Stairway, Bathroom - Walk-In Shower, Built-Ins, Ceiling Fan(s), Curved Staircase, Floor Plan - Traditional, Formal/Separate Dining Room, Kitchen - Country, Kitchen - Eat-In, Kitchen - Table Space, Laundry Chute, Wood Floors
Hot Water Electric
Heating Baseboard - Electric
Cooling Window Unit(s)
Flooring Hardwood
Fireplaces Number 1
Fireplaces Type Gas/Propane
Equipment Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Fireplace Y
Window Features Double Hung
Appliance Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
Heat Source Electric
Laundry Main Floor, Washer In Unit, Dryer In Unit
Exterior
Pool Fenced, In Ground
Water Access N
View Trees/Woods, Mountain
Roof Type Metal
Accessibility Chairlift
Garage N
Building
Lot Description Backs to Trees, Landscaping, Open, Private, Rear Yard, Rural, Secluded, SideYard(s), Sloping
Story 2
Foundation Concrete Perimeter
Above Ground Finished SqFt 2866
Sewer On Site Septic
Water Well
Architectural Style Colonial
Level or Stories 2
Additional Building Above Grade, Below Grade
Structure Type Plaster Walls
New Construction N
Schools
Elementary Schools Waverly Yowell
Middle Schools William Wetsel
High Schools Madison County
School District Madison County Public Schools
Others
Senior Community No
Tax ID 30 -5 AND 30-2C
Ownership Fee Simple
SqFt Source 2866
Acceptable Financing Cash, Conventional, Private
Listing Terms Cash, Conventional, Private
Financing Cash,Conventional,Private
Special Listing Condition Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "