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3975 James Madison Hwy, Fork Union, VA, 23055

6beds
4baths
4,118sqft
$450,000
$109price/sqft
$3,210/moest. monthly cost
$128,400/yrincome needed

About This Home

Rare opportunity to own TWO fully renovated homes on 1.87 acres in the heart of Fork Union! Featuring individual county water, electric, and septic systems for each home, this unique property is ideal for multi-generational living, an in-law suite, a guest house, long- or short-term rental income, or a versatile investment opportunity. The beautifully renovated 3,338-square-foot main home features 4 bedrooms and 2.5 bathrooms, along with a bright open-concept floor plan connecting the living room, dining area, and stunning new kitchen with all new appliances- perfect for everyday living and entertaining. The home also features wood-burning fireplaces on both levels, adding warmth and character throughout. The walkout lower level offers a spacious recreation/family room, a full bathroom, and a light-filled sunroom, creating the perfect space for relaxing, entertaining, a home office, or enjoying peaceful views of the surrounding property. The layout provides plenty of flexible living space for today’s lifestyle. The separate 780-square-foot cottage has also been completely renovated and includes 2 bedrooms, 1 full bathroom, a full kitchen, and a comfortable living room. Ideal as an in-law suite, guest house, short-term or long-term rental, or private home office, the second residence offers incredible versatility. Both homes have been extensively updated with updated plumbing, mechanical, and electrical systems, new appliances, new shingle roof on the main home, and modern finishes throughout, combining today’s conveniences with the strength and craftsmanship of their original construction. Built on solid concrete foundations with remarkably strong original framing, these homes provided an exceptional structural base for a complete renovation, resulting in a modernized property with lasting quality and peace of mind. Outside, enjoy a spacious U-shaped paved driveway with ample parking, a detached 576 square-foot garage/workshop, a 240 square-foot car shed, an additional 207 square foot storage area under the patio, and nearly 2 acres of usable land with room for gardening, recreation, or future possibilities. Conveniently located just minutes from Fork Union Military Academy, this move-in-ready property offers the perfect combination of modern upgrades, flexible living arrangements, and investment potential. Opportunities to own two renovated homes on one property with separate utilities are rare—schedule your private showing today!

Getting Around

3
WalkingCar-Dependent
0
TransitVery Limited Transit
13
BikeSomewhat Bikeable

Schools

5/10
Carrysbrook ElementaryGrades 3-43.0 mi
6/10
Fluvanna MiddleGrades 5-73.7 mi
5/10

Construction

Condition

  • Property condition: Excellent,Good,Very Good
  • Year built: 1964

Materials

  • Foundation: Crawl Space,Slab
  • Roof: Architectural Shingle
  • Construction materials: Brick,Concrete,Stick Built

Notable Dates

  • Major remodel year: 2026

Type & Style

  • Home type: SingleFamily
  • Architectural style: Traditional
  • Property subType: Single Family Residence

Interior

Appliances

  • Appliances included: Dishwasher,Extra Refrigerator/Freezer,Microwave,Oven/Range - Electric,Water Heater,Refrigerator,Electric Water Heater

Basement

  • Area: 1478

Basement

  • Has basement: Yes
  • Basement: Finished,Exterior Entry,Walk-Out Access,Windows,Interior Entry

Bedrooms & Bathrooms

  • Bedrooms: 6
  • Bathrooms: 4
  • Full bathrooms: 3
  • 1/2 bathrooms: 1
  • Main level bathrooms: 2
  • Main level bedrooms: 4

Features

  • Bathroom - Walk-In Shower,2nd Kitchen,Ceiling Fan(s),Entry Level Bedroom,Family Room Off Kitchen,Kitchen Island,Upgraded Countertops,Primary Bath(s),Open Floorplan,Soaking Tub,9'+ Ceilings
  • Flooring: Luxury Vinyl
  • Number of fireplaces: 2
  • Fireplace features: Brick
  • Fireplace: Yes
  • Finished area below ground: 1,478
  • Finished area above ground: 2,640

Heating & Cooling

  • Heating features: Central,Electric
  • Cooling features: Central Air,Ceiling Fan(s),Electric

Interior Area

  • Total structure area: 4,118
  • Total interior livable area: 4,118 sqft

Property

Accessibility

  • Accessibility features: Accessible Doors

Details

  • Parcel number: 51 A 89
  • Zoning: A-1
  • Special condition: Standard

Features

  • Levels: Two
  • Stories: 2
  • Pool features: None
  • Has view: Yes
  • View description: Garden,Trees/Woods

Lot

  • Lot size: 1.87 Acres

Parking

  • Total spaces: 11
  • Parking features: Storage,Asphalt,Circular Driveway,Driveway,Detached
  • Has garage: Yes
  • Attached garage spaces: 1
  • Covered spaces: 1
  • Has uncovered spaces: Yes
  • Uncovered spaces: 10

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Lightning
    LightningRelatively High
  • Strong Wind
    Strong WindRelatively High
  • Drought
    DroughtModerate
  • Earthquake
    EarthquakeModerate
  • Hurricane
    HurricaneModerate
  • Heat Wave
    Heat WaveModerate
  • Inland Flooding
    Inland FloodingModerate
  • Tornado
    TornadoModerate
  • Winter Weather
    Winter WeatherModerate

How This Home’s Risks Compare

Lightning
Strong Wind
Drought
Earthquake
Hurricane
Heat Wave
Inland Flooding
Tornado
Winter Weather

FEMA Declared Disasters Across Virginia Counties

Severe Storm
Winter Storm

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $2,275$27,300
Home Insurance *$186$2,232
Property Taxes $353$4,236
Electricity $396$4,759
Total$3,210$38,520
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$110,057/yr
40% on housing$96,300/yr
45% on housing$85,600/yr

Virginia FAIR Plan Programs

Virginia Property Insurance Association

Covered
WildfireWildfire
Visit Website →
Current Policies
Residential: 22,622Commercial: 503
Total Premiums$20.86M
Total Exposure$4.29B

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 8.5%
8.5%
0%30.0%
Electricity Growth Rate10-year average: 7.8%
7.8%
0%15.0%
Property Taxes Growth Rate2-year average: 4.0%
4.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$109This listing

vs Other Active Listings

Avg $/sqft

ZIP 23055$149
Fluvanna County$196

vs Homes Sold Last Month

Median $/sqft

ZIP 23055$156
Fluvanna County$212

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

No zestimate history available

Price History

DateEventPrice
2026-07-05Listed for sale$450,000
2025-11-05Sold$175,000
2019-01-12Listing removed$219,900
2018-10-10Listed for sale$219,900
2018-09-08Listing removed$269,900
2018-08-21Listed for sale$269,900

For Sale by Agent

AgentMiguel Castro
BrokerageCENTURY 21 New Millennium

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