OFF MARKET

Off Market Jul 2022 for $530K

$679,647

Est. refi paymentEst. refi $2,332/mo

•

4,364

sq ft

321 Old Colonial Rd, Fries, VA 24330

About this home

Falls Branch Farm is just a beautiful place including 75.2 acres of flat to rolling land, a pond and creek along the perimeter. Fenced and cross fenced for livestock. Large open field includes a large hoop house for gardening and plenty of hay ground. The cozy home has four bedrooms and two baths. The home has been recently updated but attention has been paid to retaining original features including gorgeous oak crown molding and door trim. Oak and pine floors throughout the home are original. Large front porch and side and back decks. The property also includes a historic barn with nine horse stalls and a large hay loft. An old corn crib is located near the barn. A 40X90 building with 4 garage doors, an office with a full bath, a woodshop, a contractors bathroom with exterior entrance, a commercial kitchen and two bedroom, 1 bath apartment. An additional 24X50 building includes 5 bays. There's so much to say about this beautiful property. Don't miss out on your dream farm!

Single-familyProperty Type

1938Year Built

75.2 acresLot Size

$156Est. Price/Sq.Ft.

10 car garageParking

Listed by Felicia Hash • New River Realty 1, Inc.

Contact: 2767730450

Bought with Felicia Hash • New River Realty 1, Inc.

Redfin checked: 2 minutes ago

•Source:SWVAR #82893

Redfin Estimate

$679,647

$150K since sold in July 2022$48K since July

Recently sold homes
Estimate history
Homes for sale

This home's estimate is 67.6% higher than the average sale price ($405K) of 6 comparable homes.

SOLD JUN 16, 2026
$370,000
A
4 beds2 baths4,100 sq ft
1167 Saint Peters Rd, Speedwell, VA 24374
SOLD FEB 11, 2026
$535,000
B
2 beds2 baths1,439 sq ft
1170 Pilgram Fork Rd, Elk Creek, VA 24326
SOLD MAR 2, 2026
$162,500
C
5 beds2 baths2,146 sq ft
9849 Ivanhoe Rd, Ivanhoe, VA 24350
SOLD MAY 8, 2026
$750,000
D
5 beds3 baths2,906 sq ft
3833 Liberty Hill Rd, Fries, VA 24330
SOLD JUN 18, 2026
$270,000
E
3 beds2 baths1,260 sq ft
1083 Comers Rock Rd, Elk Creek, VA 24326
SOLD MAY 28, 2026
$345,000
F
3 beds2 baths1,876 sq ft
218 Grand Oaks Ln, Independence, VA 24348

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Earn from this home

Refinance

Est. cash available

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Rent

$3,178/mo

Redfin rental estimate

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Market trends in 24330, VA

Last updated July 2026

Buyer's Market

Seller's Market

Buyer's market

Sale-to-List Price

97.1%

+2.6% MoM

Median sale price

$167K

$13K MoM

Avg. days on market

62d

96 days MoM

Recently sold homes

3 MoM

New listings for sale

$499,900
3 beds2 baths4,450 sq ft
116 West Main St, Independence, VA 24348
$125,000
2 beds1 bath720 sq ft
301 Carnation Ln, Fries, VA 24330
$389,000
2 beds2 baths1,584 sq ft
1149 Churchview Ln, Fries, VA 24330
See all

Provided by Redfin

Sale history for 321 Old Colonial Rd

Date

Event

Price

SWVAR #82893

Jul 15, 2022

Sold

$530,000

$121/sq ft

Jun 1, 2022

Listed

$540,000

$124/sq ft

SWVAR #75887

Dec 15, 2020

Sold

$412,500

$95/sq ft

Oct 7, 2020

Listed

$429,900

$99/sq ft

Owl's Nest Farms. Sooooooooo much to say about this property. Updated 4 Br 2 Full baths, oak crown moldings, oak and pine flooring, living room with wood stove, large kitchen huge dining room leading to over 500' of outside deck. Two heatpumps, new well and updated septic system. Property has several outbuildings including one for seeding plants also several hot houses. There is a 5 bay metal storage building 24' X 50' and a 40' X 90' building with 4 garage doors, an office with a full bath, a commercial kitchen and a 2 bedroom 1 bath unit that is rented. You need to see this property to really appreciate what is there. Buyer/buyer's agent are to determine internet availability. The lock box is on the front door of the building to the right of the house.

Public Records

Aug 20, 2010

Sold

$365,000

$84/sq ft

Year

Property tax

Land + Additions

Assessment*

2025

$552 (−25.9%)

$9,500 + $128,400

$137,900

2024

$745 (−22.5%)

$9,500 + $128,400

$137,900

2023

$961

$9,500 + $128,400

$137,900

2022

$961 (+16.0%)

$9,500 + $128,400

$137,900

2021

$828 (+1.3%)

$9,500 + $94,300

$103,800

2020

$818 (+2.6%)

$9,500 + $94,300

$103,800

2019

$797 (+20.0%)

$9,500 + $94,300

$103,800

2018

$665

$9,500 + $94,300

$103,800

2017

$665 (−68.4%)

$9,500 + $94,300

$103,800

2012

$2,104

$309,500 + $120,000

$429,500

Tax history for 321 Old Colonial Rd

Year

Property tax

Land + Additions

Assessment*

2025

$552 (−25.9%)

$9,500 + $128,400

$137,900

2024

$745 (−22.5%)

$9,500 + $128,400

$137,900

2023

$961

$9,500 + $128,400

$137,900

2022

$961 (+16.0%)

$9,500 + $128,400

$137,900

2021

$828 (+1.3%)

$9,500 + $94,300

$103,800

2020

$818 (+2.6%)

$9,500 + $94,300

$103,800

2019

$797 (+20.0%)

$9,500 + $94,300

$103,800

2018

$665

$9,500 + $94,300

$103,800

2017

$665 (−68.4%)

$9,500 + $94,300

$103,800

2012

$2,104

$309,500 + $120,000

$429,500

*Taxable value of land and structures on it ("additions") is determined regularly by local assessors and does not affect market price.

Public record

Beds

Baths

Stories

1.5

Lot width

—

Lot depth

—

Lot size

0.69 Acres

Year renovated

1974

Sq. Ft.

2,852

Year built

1938

Style

Single Family Residential

County

Grayson County

APN

22 - 1- - 5

Parking Spaces

—

Basement

—

Accessible

—

HOA Dues

—

Garage

—

Features

—

Last updated by owner on Aug 10, 2026.

Property details

Parking

Parking/Garage Information
Has Garage
# of Garage Spaces: 10
Has Carport
Parking Features: Detached Carport, Detached, Concrete, Driveway, RV Access/Parking, Garage

Interior

Virtual Tour

Bathroom Information
# of Full Bathrooms: 2

Heating & Cooling
Has Cooling
Cooling: Heat Pump
Has Heating
Heating: Heat Pump

Interior Features
Window Features: Insulated Windows
Appliances: Dishwasher, Dryer, Refrigerator, Washer, Electric Water Heater, Range, Range Hood
Flooring: Tile, Wood
Fireplace Features: None

Room Information
Basement Details: Crawl Space, Block

Exterior

Exterior Features
Exterior Features: Lighting
Patio And Porch Features: Deck, Covered, Porch
Roof: Shingle

Building Information
Levels: Two
Construction Materials: Brick, Stone Veneer
Foundation Details: Block

Property Features
On Waterfront
Waterfront Features: Creek
Horses Allowed
Horse Amenities: Riding Trail
Other Equipment: Satellite Dish
Other Structures: Barn(s), Guest House, Shed(s), Outbuilding, Greenhouse

Property Information
Property Type: Residential
Property Sub Type: Single Family Residence
Raw Mls Property Sub Type: Single Family

Lot Information
Lot Features: Cleared, Level, Waterfront, Wooded, Rolling Slope, Secluded, Views
Lot Size Dimensions: 75.2 Acres
Lot Size Acres: 75.2
Zoning Description: Rural Farm

Utilities

Utility Information
Water Source: Well
Utilities: Propane
Sewer: Septic Tank

Location

HOA Information
Association Amenities: None

Schools Information
Elementary School: Independence
Middle Or Junior School: Grayson County
High School: Grayson County

Location Information
Directions: From the intersection of US58/US221 in Independence, Va, take US221 N. Travel 10.5 miles. Turn right onto Spring Valley Rd. Travel approximately 5 miles. Turn left onto Old Colonial Rd. Travel approximately 1/2 mile to property on the left.
Subdivision Name: N/A

Public facts

Beds: 3
Baths: 2.0
Sq. Ft.: 2,852
Stories: 1.5
Lot Size: 0.69 acres
Style: Single Family Residential
Year Built: 1938
Year Renovated: 1974
County: Grayson County
APN: 22 - 1- - 5

Home facts updated by county records on Aug 10, 2026

Other

Listing Information
AttributionContact: 2767730450

Around this home

Schools

Fries Elementary

Public PreK-7 • Assigned • 6.5mi

7/10

Grayson County High School

Public 9-12 • Assigned • 9.1mi

7/10

Provided by GreatSchools

Lifestyle

Provided by Walk Score and Local Logic

Climate risks

10/10 Flood Factor

Estimated 80%+ chance of a flood reaching the building in the next 30 years

3/10 Fire Factor

0.31% chance of being in a wildfire in next 30 years

2/10 Heat Factor

8 days above 92° expected this year, 22 days in 30 years

2/10 Wind Factor

0% chance of strong winds in next 30 years

1/10 Air Factor

0 unhealthy days expected this year, 0 days in 30 years

Provided by First Street

Historical weather

Fries, VA • 24330

Average low and high temperatures (°F)

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Sep

Oct

Nov

Dec

Sun exposure

In this area, properties receive around 8.5 hours in June and 4.6 hours in December, placing it below the U.S. average for solar exposure.

8.5 hrs

4.6 hrs

JuneDecember

Provided by Shadowmap

Is this your home?

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Home values near 321 Old Colonial Rd

Data from public records.

Address	Redfin Estimate
845 Old Colonial Rd, Fries, VA 4 Beds \| 1.5 Baths \| 2386 Sq. Ft.	$213,531
132 Old Colonial Rd, Fries, VA 1 Beds \| 1.5 Baths \| 1202 Sq. Ft.	$205,896

Address	Redfin Estimate
78 Old Colonial Rd, Fries, VA 2 Beds \| 1 Baths \| 792 Sq. Ft.	$192,859
821 Old Colonial Rd, Fries, VA 3 Beds \| 2 Baths \| 1525 Sq. Ft.	$235,591

Address	Redfin Estimate
925 Old Colonial Rd, Fries, VA 3 Beds \| 2 Baths \| 1200 Sq. Ft.	—
TBD Old Colonial Ln Apt 0, Independence, VA - Beds \| - Baths \| - Sq. Ft.	—

Property information provided by SWVAR when last listed in 2022. This data may not match . Learn more.

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About this home

Redfin Estimate

Earn from this home

Market trends in 24330, VA

Sale history for 321 Old Colonial Rd

Tax history for 321 Old Colonial Rd

Public record

Property details

Around this home

Schools

Lifestyle

Climate risks

Historical weather

Sun exposure

Is this your home?

Nearby similar homes

New listings for sale in 24348

Home values near 321 Old Colonial Rd

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