487 Old Forge Way
Madison, VA 22727
4 bd 3 ba 2,334 sqft Built 2001 Lot 132,597 sqft single_family
Most recent sale
$425,000
Sep 20, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Sep 20, 2022 | Sold | $425,000 | MLS #VAMA2000616 |
| Jul 17, 2022 | Price changed | $439,000 | MLS #VAMA2000616 |
| Jun 24, 2022 | Price changed | $449,000 | MLS #VAMA2000616 |
| Jun 3, 2022 | Listed | $469,000 | MLS #VAMA2000616 |
| Jul 29, 2020 | Sold | $328,000 | MLS #604761 |
| Jun 10, 2020 | Listed | $334,000 | MLS #VAMA108382 |
| Sep 17, 2004 | Sold | $286,900 | MLS #406442 |
| Jul 17, 2004 | Listed | $286,900 | MLS #406442 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $370,100 | $98,400 | $468,500 | $3,466 |
| 2023 | $214,100 | $74,300 | $288,400 | $2,134 |
| 2022 | $214,100 | $74,300 | $288,400 | $2,134 |
| 2021 | $214,100 | $74,300 | $288,400 | $2,134 |
| 2020 | $214,100 | $74,300 | $288,400 | $2,048 |
| 2019 | $214,100 | $74,300 | $288,400 | $2,019 |
| 2018 | $193,800 | $80,400 | $274,200 | $1,865 |
| 2017 | $193,800 | $80,400 | $274,200 | $1,865 |
| 2016 | $193,800 | $80,400 | $274,200 | $1,865 |
| 2014 | $193,800 | $80,400 | $274,200 | $1,865 |
| 2013 | $193,800 | $80,400 | $274,200 | $1,837 |
| 2012 | $241,700 | $110,400 | $352,100 | $1,866 |
| 2011 | $241,700 | $110,400 | $352,100 | $1,761 |
| 2010 | $241,700 | $110,400 | $352,100 | $1,549 |
| 2009 | $241,700 | $110,400 | $352,100 | $1,549 |
Property facts
Year built
2001
Property type
single_family
Stories
2
Beds
4
Baths
3
Living area
2,334 sqft
Lot size
132,597 sqft
ZIP code
22727
City
Madison
Street
Old Forge Way
Coordinates
38.36495, -78.21311
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$3,501
Gross rental yield
9.89%
Implied cap rate
6.43%
Trend-extrapolated value
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Frequently asked questions
When did 487 Old Forge Way last sell?
487 Old Forge Way most recently sold on Sep 20, 2022 for $425,000.
What is the current tax assessment for 487 Old Forge Way?
The most recent total assessment for 487 Old Forge Way (year 2025) is $468,500 with $3,466 in property tax.
How does 487 Old Forge Way's assessment compare to its last sale price?
The current assessment is 10.2% above the last sale price of $425,000.
When was 487 Old Forge Way built?
487 Old Forge Way was built in 2001.
How does 487 Old Forge Way compare to others on Old Forge Way?
We track 8 other properties on Old Forge Way. Browse the list under "Other properties on Old Forge Way" to compare beds, baths, and sale history.
What are the property facts for 487 Old Forge Way?
487 Old Forge Way is a 4 bed, 3 bath, 2,334 sqft, 132,597 sqft lot single_family.
Is 487 Old Forge Way a flip candidate?
No — 487 Old Forge Way does not appear in our flips dataset.
Is 487 Old Forge Way a tax-appeal candidate?
No — 487 Old Forge Way is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+7.4%
Implied 1-yr
+29.7%
2025 Q4
$900.9K
2026 Q1
$946K
ZIP 22727 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Old Forge Way