Madison County property record for 272 Wallace Gap Ln, Madison, VA 22727
| Property Type | General Agricultural/Rural |
|---|---|
| Details | 4 bd · 3 ba · 2,966 sqft · built 2005 |
| Lot Size | 236 acres (10,310,521 sqft) |
| Owner | Company Name on File |
| Tax Bill | $5,186 (2026) |
| Flood Zone | Zone X (minimal risk) |
| APN | 36-11 |
| Primary APN | 36-11 |
|---|---|
| Alternative APN |
|
| Bedrooms | 4 Beds |
|---|---|
| Full Baths | 3 Baths |
| Total Rooms | 7 Rooms |
| Stories | 1 Story |
| Building Area | 2,966 sqft Total Area |
| 1st Floor Area | 2,212 sqft |
| Basement Area | 308 sqft |
| Unfinished Basement | 308 sqft |
| Storm Shelter | Storm Shelter |
| Flooring | Wood |
| Interior Walls | Wallboard/Drywall |
| Storm Shutters | Storm Shutters |
| Fireplaces | 1 Fireplace |
| Fireplace | Fireplace |
| Year Built | Built 2005 |
|---|---|
| Effective Year Built | Effective 2005 |
| Exterior Material | Vinyl |
| Roof Type | Gable |
| Roof Material | Composition Shingle |
| Lot Area | 10,310,521 sqft (236 acres) |
| Terrain | Rolling |
| Garage Type | Built-in |
| Deck Area | Deck Area |
| Patio Area | 98 sqft |
| Cooling System | HVAC |
|---|---|
| Heating System | Heat Pump |
| Heating Fuel | Electric |
| Sewer | Septic |
| Water Source | Well |
| Account Number | 3322 |
|---|---|
| Street Address | 272 WALLACE GAP LN |
| City | MADISON |
| State | VA |
| Zip | 22727 |
| Property Category | Agriculture or Farming |
| Property Type | Agriculture / Farming > General Agricultural/Rural |
| Local Zoning Code | C1 |
| Legal Description | IN 240000632 236.697 AC 36-11 OFF RT 718 |
| Jurisdiction | MADISON VA |
| Township / Civil Division | RAPIDAN |
| Census Block Group | 2 |
| Census Block | 2060 |
| Census Tract | 930202 |
272 Wallace Gap Ln, an agricultural property, is owned by a company that acquired it in March 2024.
Source: Madison County records, as of August 28, 2026
| Owner of Record | Company Name on File |
|---|---|
| Mailing Address | 2808 FOREST HILLS CT, VIRGINIA BEACH, VA 23454-1236 |
| Owner Type | Company |
| Vesting | Company |
Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.
| Deed Names | Name on Deed |
|---|---|
| Last Transfer Date | Mar 8, 2024 |
| Transfer Doc | 0000000632 |
| Record Updated | Oct 29, 2026 |
The 2026 property tax bill for 272 Wallace Gap Ln was $5,186.
Source: Madison County assessment roll, as of August 28, 2026
| Type | Name |
|---|---|
| State | Virginia |
| County | Madison County |
| Unified School District | Madison County Public Schools (PK - 12) |
| Year | Tax Bill | Assessed Value | Assessed Market Value |
|---|---|---|---|
| 2026 | $5,186.00 | $2,249,300 Land $1,590,500 Building $658,800 | $2,249,300 Land $1,590,500 Building $658,800 |
| 2023 | $4,360.00 | $1,385,000 Land $1,019,100 Building $365,900 | $1,385,000 Land $1,019,100 Building $365,900 |
Assessed value and assessed market value are set for property tax purposes and are not market price estimates.
FEMA maps place 272 Wallace Gap Ln in Zone X, an area of minimal flood risk.
Source: FEMA National Flood Hazard Layer, effective April 29, 2025 · OpenFEMA NFIP redacted claims and policies, as of September 2026
| FEMA Flood Zone | Zone X minimal risk |
|---|---|
| Flood Insurance Requirement | Not required lenders may require it |
| Nearby Flood Policies | 8 in force |
Values are read at the parcel center point; flood claims are located to the census block group, not this parcel; lenders make the official flood determination.
Wildfire risk around 272 Wallace Gap Ln is moderate, ranking above 48% of the US, with a 0.07% annual chance of wildfire.
Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024
| Wildfire Risk | Moderate above 48% of the US · above 76% of Virginia |
|---|---|
| Wildfire Likelihood | 0.07% annual chance |
| Exposure | Direct burnable vegetation |
Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.
Source: FCC Broadband Data Collection, as of December 31, 2025
4G LTE only, no 5G reported
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