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$550,000

  • Sold
  • Closed
  • Single Family
  • 4 Beds
  • 2 Full Baths
  • 2,866 Sq. Ft.
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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.

Full Property Details for 5164 N Blue Ridge Turnpike

General

  • Sold For: $550,000
  • Taxes: $2,189 (2025)
  • Status: Closed
  • Type: Single Family
  • Source: BrightMLSMidAtlantic
  • MLS ID: VAMA2002392
  • Added to Site: 138 day(s) ago

Interior

  • Number of Rooms: 10
  • Rooms/Areas: Living Room, Dining Room, Primary Bedroom, Bedroom 2, Bedroom 3, Bedroom 4, Kitchen, Family Room, Primary Bathroom, Full Bath
  • 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
  • Fireplace: Yes
  • Number of Fireplaces: 1
  • Fireplace(s): Gas/Propane
  • Appliances: Dishwasher, Dryer - Electric, Oven/Range - Electric, Refrigerator, Washer, Water Heater
  • Flooring: Hardwood

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Full Bathrooms: 2
  • Upper Floor Baths: 1
  • Upper - Full Baths: 1
  • Main Floor Baths: 1
  • Main - Full Baths: 1

Bedrooms

  • Total Bedrooms: 4
  • Bedrooms Upper: 4

Other Rooms

  • Laundry: Main Floor, Washer In Unit, Dryer In Unit

Additional Information

  • Pool: Yes
  • Private Pool: Yes
  • Pool Description: Fenced, In Ground

Exterior

  • Exterior Features: Outbuilding(s), Stone Retaining Walls

Parking

  • Parking Type: Driveway

Location

  • County: MADISON
  • Driving Directions: From the town of Madison, take Rd 231 N for 5.2 miles. The property will be on your right with a sign. Turn in the driveway just before the Old Mill. ( If you pass it, Old Blue Ridge Tpke goes off to the left toward Graves Mtn Lodge). From North of Madison County you can turn Right onto Hoover Rd and follow all the way to 231 and then take a right and the property will be a short distance.
  • Location Details: Rural

School Information

  • School District: Madison County Public Schools
  • Elementary School: Waverly Yowell
  • Middle School: William Wetsel
  • High School: Madison County

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Cooling Fuel: Electric
  • Heating Type: Baseboard - Electric
  • Heating Fuel: Electric
  • Water Heater: Electric

Utilities

  • Sewer: On Site Septic
  • Water: Well

Structural Information

  • Architectural Style: Colonial
  • Structure Type: Detached
  • Construction: Wood Siding
  • Foundation: Concrete Perimeter
  • Roof: Metal
  • Walls/Ceilings: Plaster Walls
  • Windows: Double Hung
  • Stories Description: Main, Upper 1
  • Square Feet: 2,866
  • Sq. Ft. Source: Assessor
  • Living Area: 2,866 Sq. Ft.
  • Finished Above Grnd: 2,866 Sq. Ft.
  • Year Built: 1928
  • Year Built Source: Assessor
  • Property Condition: Very Good

Unit Information

  • Unit Floor in Bldg.: 2

Lot Features

  • Property View: Trees/Woods, Mountain
  • Lot Size (Acres): 2.48
  • Lot Size (Sq. Ft.): 108,028
  • Lot Size Source: Estimated
  • Zoning: A1FP
  • Lot Description: Backs to Trees, Landscaping, Open, Private, Rear Yard, Rural, Secluded, SideYard(s), Sloping

Financial Considerations

  • Price Per Sq. Ft.: $200.63
  • Assessment Year: 2024
  • County Tax: $2,189
  • County Tax Freq: Semi-Annually
  • Tax w/Assessment: $429,200
  • Tax Amount: $2,189
  • Tax Year: 2025
  • Terms: Standard Sale
  • Tax Total Finished Sq. Ft.: 2866

Disclosures and Reports

  • Ownership: Fee Simple
  • Lot Number: 5

Listed by Montague, Miller & Company, Patti D Lillard
Sold by EXP Realty, LLC, Erin M Kavanagh

Listing agent

— 5164 N Blue Ridge Turnpike —

  • Patti D Lillard

    Montague, Miller & Company

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 5164 N Blue Ridge Turnpike

School District:Madison County Public Schools
NameGradesDistance
Waverly Yowell Elementary School
1809 North Main Street, Madison, VA 22727
3-54.9 mi
Madison Primary School
158 Primary School Drive, Madison, VA 22727
PK-25.8 mi
William H. Wetsel Middle School
186 Mountaineer Lane, Madison, VA 22727
6-86.1 mi
Madison County High School
68 Mountaineer Lane, Madison, VA 22727
9-126.1 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 5164 N Blue Ridge Turnpike

Date
Details
Price
Change
Source
11/20/2025
Sold
$550,000
-4.35%
MLS
10/07/2025
Price Reduced
$575,000
-1.54%
MLS
9/02/2025
Listed
$584,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Montague, Miller & Company, Patti D Lillard
Sold by EXP Realty, LLC, Erin M Kavanagh

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5164 N Blue Ridge Turnpike, Madison, VA 22727 (MLS# VAMA2002392) is a Single Family property that was sold at $550,000 on November 20, 2025. Want to learn more about 5164 N Blue Ridge Turnpike? 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.