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$640,000
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Property Description
This stunning New Construction home is not a spec build. It was thoughtfully designed by the owner for family members who were ultimately unable to relocate. This custom home offers over 3,000 square feet of living space, including the lower level, and features four bedrooms in total. A welcoming front porch leads into the entryway, guiding you to the open-concept kitchen, breakfast area, and living room. There is also a separate dining room conveniently located off the kitchen. A side entrance opening to the kitchen through a covered stoop is perfect for unloading groceries. The kitchen boasts an 8 foot island with seating on one side and additional cabinetry on the other, complemented by stainless steel appliances and bright white cabinets for a fresh, modern feel. The living room walks out to the back deck and features a cozy electric fireplace mounted in a slate wall covering that adds warmth and ambiance to the room. On the main floor, you'll find a bedroom with a custom 10 ft closet. A guest half-bath is located in the hallway Upstairs, the primary suite is a luxurious retreat with two walk-in closets offering ample shelving and hanging space. The en-suite bathroom includes luxury vinyl tile, a soaking tub, and a custom-tiled shower. Two additional bedrooms share a hall bathroom with a double vanity and a tub/shower combination. The lower level offers even more living space, including a full bathroom and an upscale laundry area equipped with a new washer and dryer. There is also a finished bonus room ideal for a family room or home office. The one-car garage is accompanied by an adjacent workshop or exercise area, providing extra flexibility. The tax rate has not been set and the assessed value will be raised due to errors in the assessment. This meticulously crafted home blends thoughtful design with modern amenities. Malvern amenities include : A club house that can be rented for parties or meetings, a Lake, an Outdoor Pool and a Tot-lot, The roads are well maintained with efficient snow removal and provide miles of paved walking. HOA fee is only $600 per year.
Full Property Details
Full Property Details for 161 Half Penny Ln
General
- Sold For: $640,000
- HOA FEE: $50/month
- HOA FEE FREQ.: Annually
- Taxes: $1 (2025)
- Status: Closed
- Type: Single Family
- Source: BrightMLSMidAtlantic
- MLS ID: VAMA2002070
- Added to Site: 349 day(s) ago
Interior
- Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 4, Kitchen, Laundry, Other, Workshop, Bathroom 2, Bathroom 3, Bonus Room, Primary Bathroom
- Interior Features: Bathroom - Walk-In Shower, Breakfast Area, Ceiling Fan(s), Entry Level Bedroom, Family Room Off Kitchen, Pantry, Primary Bath(s), Walk-in Closet(s), Upgraded Countertops
- Fireplace: Yes
- Number of Fireplaces: 1
- Fireplace(s): Electric, Electric
- Appliances: Built-In Microwave, Built-In Range, Dishwasher, Dryer - Electric, Energy Efficient Appliances, Icemaker, Oven/Range - Electric, Refrigerator, Stainless Steel Appliances, Washer
- Flooring: Laminate Plank, Luxury Vinyl Tile
Rooms
Bathrooms
- Total Bathrooms: 4
- Full Bathrooms: 3
- Half Bathrooms: 1
- Upper Floor Baths: 2
- Upper - Full Baths: 2
- Main Floor Baths: 1
- Main - 1/2 Baths: 1
- Lower Floor Baths: 1
- Lower - Full Baths: 1
- Primary Bathroom: Primary Bathroom - B, Upper 1
Bedrooms
- Total Bedrooms: 4
- Bedrooms Upper: 3
- Bedrooms Main & Up: 1
- Primary Bedroom: Primary Bedroom - Walk-In Closet(s), Attached Bathroom, Ceiling Fan(s), Upper 1
- Bedroom 1: Bedroom 2 - Flooring - Laminate Plank, Ceiling Fan(s), Upper 1
- Bedroom 2: Bedroom 4 - Ceiling Fan(s), Walk-In Closet(s), Flooring - Laminate Plank, Main
Other Rooms
- Living Room: Living Room - Ceiling Fan(s), Fireplace - Electric, Flooring - Laminate Plank, Main
- Kitchen: Kitchen - Breakfast Bar, Island, Kitchen - Electric Cooking, Lighting - Pendants, Pantry, Countertop(s) - Quartz, Double Sink, Flooring - Luxury Vinyl Tile, Kitchen - Eat-in, Main
- Dining Room: Dining Room - Flooring - Laminate Plank, Main
- Laundry: Basement, Dryer In Unit, Washer In Unit, Lower 1
- Other Room 1: Other, Lower 1
- Work Shop: Workshop - Flooring - Concrete, Lower 1
Additional Information
- Shared Amenities: Common Grounds, Lake, Party Room, Picnic Area, Pool - Outdoor, Tot Lots/Playground, Water/Lake Privileges
- Shared Pool: Yes
- Pool: Yes
Parking
- Garage: Yes
- Garage Spaces: 1
- Total Spaces: 1
- Parking Type: Attached Garage
- Garage Description: Built In, Basement Garage, Additional Storage Area, Garage - Side Entry, Garage Door Opener, Inside Access
Location
- County: Madison
- Development Name: Malvern Of Madison
- Subdivision: Malvern Of Madison
- Driving Directions: Rt 29 South towards Madison. Turn left at the first traffic light at the end of the town of Madison and take Fishback Rd and continue 1.3 miles to R on Oak Park Rd. Malvern Of Madison will be a short distance on your left ( Malvern Dr). Follow .8 miles to a R on Covered Bridge and then continue .5 miles to a R on Bee Gum Way. Bee gum curves left into Half Penny Ln. This is the 2nd house on the left on Half Penny with sign.
School Information
- School District: Madison County Public Schools
- Elementary School: Waverly Yowell
- Middle School: Wetsel
- High School: Madison County
Community
- Association: Yes
- Assoc. Fees Include: Pool(s), Road Maintenance
Heating & Cooling
- Central air: Yes
- Cooling Type: Central A/C
- Cooling Fuel: Electric
- Heating Type: Heat Pump(s)
- Heating Fuel: Electric
- Water Heater: Electric
Utilities
- Sewer: Gravity Sept Fld
- Water: Private, Well
- Utility Description: Cable TV Available, Under Ground
Structural Information
- Architectural Info: Colonial
- Architectural Style: Colonial
- Structure Type: Detached
- Builder: Bracqbien
- Construction: Vinyl Siding
- Basement: Yes
- Basement Entrance: Yes
- Basement Desc.: Daylight, Full, Garage Access, Heated, Improved, Interior Access, Outside Entrance, Side Entrance, Walkout Level, Windows, Workshop, Space For Rooms
- Foundation: Concrete Perimeter
- Roof: Architectural Shingle
- Walls/Ceilings: Dry Wall
- Windows: Double Hung
- Entry Floor Number: 1
- Stories/Levels: 0
- Stories Description: Lower 1, Main, Upper 1
- Square Feet: 3,600
- Sq. Ft. Source: Estimated
- Living Area: 3,000 Sq. Ft.
- Year Built: 2025
- Year Built Source: Estimated
- Property Condition: Excellent
Unit Information
Unit 1
- Bathrooms-Lower: 1
Lot Features
- Property View: Creek/Stream, Trees/Woods
- Lot Size (Acres): 3.14
- Lot Size (Sq. Ft.): 136,778
- Lot Size Source: Estimated
- Lot Features: Cleared, Front Yard, Rear Yard, Rural
- Zoning: A1
- Lot Description: Cleared, Front Yard, Rear Yard, Rural
Water Features
- Water View: Yes
Financial Considerations
- Price Per Sq. Ft.: $287.08
- Association Fee: $600
- Assoc Fee Freq.: Annually
- Assessment Year: 2025
- Tax w/Assessment: $538
- Tax Amount: $1
- Tax Year: 2025
- Terms: Standard Sale
Disclosures and Reports
- Ownership: Fee Simple
- Inclusions: All appliances currently in the home
Listed by Montague, Miller & Company, Patti D Lillard
Sold by Montague, Miller & Company, Carl R Broyles
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Schools
Schools serving 161 Half Penny Ln
School District:Madison County Public Schools
| Name | Grades | Distance |
|---|---|---|
Madison Primary School 158 Primary School Drive, Madison, VA 22727 | PK-2 | 2.1 mi |
Waverly Yowell Elementary School 1809 North Main Street, Madison, VA 22727 | 3-5 | 2.1 mi |
William H. Wetsel Middle School 186 Mountaineer Lane, Madison, VA 22727 | 6-8 | 2.4 mi |
Madison County High School 68 Mountaineer Lane, Madison, VA 22727 | 9-12 | 2.5 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 161 Half Penny Ln
Date
Details
Price
Change
Source
8/20/2025
Sold
$640,000
-7.11%
MLS
6/23/2025
Price Reduced
$689,000
-1.43%
MLS
5/19/2025
Price Reduced
$699,000
-6.68%
MLS
3/03/2025
Listed
$749,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
161 Half Penny Ln, Madison, VA 22727 (MLS# VAMA2002070) is a Single Family property that was sold at $640,000 on August 20, 2025. Want to learn more about 161 Half Penny Ln? Do you have questions about finding other Single Family real estate for sale in Madison? You can browse all Madison real estate or contact a Coldwell Banker agent to request more information.

