tomo logo

$998,900

Beds
9
Baths
10.0
sq ft
6,336

325 Union Run, Lexington, VA 24450

325 Union Run

LEXINGTON, VA 24450

  • 537 days on market
    • Price drop $190,100↓
Presenting Shenandoah Manor, a historic Bed & Breakfast poised near vibrant downtown Lexington in the sought-after Shenandoah Valley. Nestled on 10 serene acres with rolling meadows, a scenic pond, and a creek, this property is perfect for a hospitality business, offering modern amenities like fiber internet and reliable cell service. The main house features three guest rooms, each with private bathrooms and balconies, expansive owners' quarters, two versatile studio spaces, a cozy library/music room, and a well-equipped kitchen. A separate guest house adds five more guest rooms with private bathrooms, a kitchenette, and a living room. A stone patio connects both houses, offering a perfect outdoor setting for gatherings, complete with a campfire area. The estate is ideal for various ventures, from vineyards and wedding venues to hosting events with its flat area for tents, a gazebo by the pond, and ample parking. Suitable for any kind of retreat?yoga, wellness, corporate, or artistic?the property is ready for new ownership, with the option to purchase furnishings. Own and operate a distinguished venue in a desirable location.

Details

Property type

Single Family Residence

Est. home value

$1,151,032

Lot size

10.00 acres

Price per sq ft

$158

Year built

1883

Annual property taxes

$3,898.32

HOA

No

Price History

09/27/2024
Bright

Bright #642400

Price change
$998,900
-15.99%
07/31/2024
Bright

Bright #642400

Listed
$1,189,000
06/05/2024
Bright

Bright #642400

Pending
$1,189,000

Schools & Community

Elementary school: 

Unknown

Middle school: 

MAURY RIVER

High school: 

ROCKBRIDGE

School district: 

ROCKBRIDGE COUNTY PUBLIC SCHOOLS

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Bank Of America Na

Loan start date

September 2006

Original loan amount

$49,000

Est. remaining balance

Not provided

Interest rate

6.33%

Loan type

Credit Line (Revolving), 25 year

Seller

Reginald W Gravely Jr and Larry W Swartz

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 11/22/2024 at 10:45 PM

Listing updated: 09/30/2024 at 8:26 AM

Listed by: MATTHIAS JOHN, WILEY REAL ESTATE-CHARLOTTESVILLE Phone #: (434) 293-3900

MLS: Bright #642400

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