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6478 Jefferson Mill Road

SCOTTSVILLE, VA 24590
  • $7,600,000
  • STATUS: Active
  • ON SITE: 130 Days
  • ID#: VAAB2000214
UPDATED: 11 min ago
$7,600,000
  • 4
    BEDS
  • 289.4
    ACRES
  • 2
    BATHS
  • 1
    1/2 BATHS
  • 2,100
    SQFT
  • $3,619
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
2014
County:

School Ratings & Info

Description

Introducing a unique opportunity to purchase an established, income-generating rental community of nine single-family home rentals in Albemarle County with an additional 16 homes permitted by-right. Minutes from the Tasting Room & Tap House at Mount Ida Reserve and downtown Scottsville, the Farms at Jefferson Mill is a beautiful neighborhood of colonial homes situated on over 250 acres of rolling hills with extensive road and river frontage. The homes are thoughtfully constructed with similar footprints for easy management. Each home occupies its own platted, 20-acre lot and boasts hardi-plank siding, 2,100 square feet of living space, 4 bedrooms, 2.5 baths, attached 2 car garage, 20 x 12 deck and an 1,100 square foot unfinished walk-out basement roughed in for an additional bedroom and bathroom. In addition to the nine existing homes, the assemblage offers four additional buildable lots plus another 12 development rights on the remainder of the acreage for a total of 16 additional homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The Farms at Jefferson Mill currently generates approximately $175,000 of rental revenue annually and the additional by-right development offers extensive upside for a rarified investment opportunity.

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©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or City Smart Living | Keller Williams Metro Center. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-01T07:51:32.283.
www.citysmartliving.com/homes/129031417
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6478 Jefferson Mill Road SCOTTSVILLE, VA 24590

  • Price: $7,600,000
  • Status: Active
  • On Site: 130 Days
  • Updated: 11 min ago
  • ID#: VAAB2000214
4
Beds
2
Baths
1
½ Baths
289.4
Acres
2,100
SQFT
$3,619
$/SQFT
2014
Built
Neighborhood:
Mount Ida
County:
Albemarle
School District:
Albemarle County Public Schools
Property Description
Introducing a unique opportunity to purchase an established, income-generating rental community of nine single-family home rentals in Albemarle County with an additional 16 homes permitted by-right. Minutes from the Tasting Room & Tap House at Mount Ida Reserve and downtown Scottsville, the Farms at Jefferson Mill is a beautiful neighborhood of colonial homes situated on over 250 acres of rolling hills with extensive road and river frontage. The homes are thoughtfully constructed with similar footprints for easy management. Each home occupies its own platted, 20-acre lot and boasts hardi-plank siding, 2,100 square feet of living space, 4 bedrooms, 2.5 baths, attached 2 car garage, 20 x 12 deck and an 1,100 square foot unfinished walk-out basement roughed in for an additional bedroom and bathroom. In addition to the nine existing homes, the assemblage offers four additional buildable lots plus another 12 development rights on the remainder of the acreage for a total of 16 additional homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The Farms at Jefferson Mill currently generates approximately $175,000 of rental revenue annually and the additional by-right development offers extensive upside for a rarified investment opportunity.
Exterior Features

Architectural Style Other Construction Materials Hardiplank Type Garage Spaces 2.00 Garage Type Garage - Side Entry Garage YN Yes Other Structures Above GradeBelow Grade Parking Types DrivewayAttached Garage Pool No Pool Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Interior Features

Above Grade Fin SQFT 2100 Basement Unfinished Basement YN Yes Below Grade Finished Area 0 Below Grade Unfinished Area 0 Cooling Central A/C Fireplaces Total 0 Heating Heat Pump(S) Heating YN Yes Levels 2 Upper Level1 Bedrooms 4

Property Features

Accessibility Features None Assessment Year 2022 Association YN No Central Air YN Yes Condo YN No Cooling Fuel Electric Foundation Details Other Heating Fuel Central Hot Water Other Navigable Water YN N New Construction YN No Original MLSNumber 801590278056 Ownership Interest Fee Simple Possession Immediate Sale Type Standard Senior Community YN No Sewer No Sewer System Structure Design Type Detached Tax Annual Amount 3965.00 Tax Assessment Amount 464400.00 Tax Lot 34C8 Vacation Rental YN No Water Source Well Zoning Check County Website

Listing courtesy of Ttr Sotheby's International Realty: .


©2022 Bright MLS, All Rights Reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale may no longer be available because they are for instance, under contract, sold, or are no longer being offered for sale. Information is deemed reliable but is not guaranteed accurate by the MLS or City Smart Living | Keller Williams Metro Center. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. Data last updated: 2022-10-01T07:51:32.283.
 
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