$7,600,000
Beds: 4
Baths: 2 full, 1 half
Sqft: 2,100
Sqft lot: 12,606,263
Acre lot: 289.40
207 Days On Market -

Courtesy of Daniel Heider, TTR Sotheby's International Realty daniel@danielheider.com

Status: Active
Property Type: Single Family Residential
Year Built: 2014
Neighborhood: Albemarle
Days On Website: 207
Introducing a unique opportunity to purchase a community of nine single-family homes and five finished lots in Albemarle County with an additional eleven lots permitted by-right. The property is included within the 5,000 acres comprising Mount Ida Reserve. Each home and lot are located within minutes of the Tasting Room & Tap House at Mount Ida Reserve and downtown Charlottesville, 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 lot boasts hardi-plank siding, 2,100 -3,000 square feet of living space, 4-5 bedrooms, 3.5-2.5 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 five additional buildable lots plus another eleven development rights on the remainder of the acreage for a total of 25 potential homes that can be constructed by-right. Existing infrastructure (underground electric and fiber) are in place. The Farms at Jefferson Mill can be operated as a single-family home community or managed as a short- or long-term rental community to serve the more than 50,000 annual guests of Mount Ida Reserve. Historically, long-term rentals generate an annual income of $228,000, while short-term rentals have proven to be more profitable, with recent annual earnings of $288,000. The demand for short-term rentals is remarkably consistent, with weekends generating $3,000 per stay. Coupled with this income, the additional by-right development offers extensive upside for a rarified investment opportunity.

Features

Basement

  • Unfinished

Bathrooms

  • 3 total bathrooms
  • 2 bathrooms on all upper levels
  • 2 full bathrooms
  • 1 half bathroom
  • 1 half bathroom on main level

Bedrooms

  • 4 bedrooms on upper levels
  • 4 bedrooms

Building

  • 2,100 sqft living area
  • 2,100 sqft above grade (finished)
  • Built in 2014
  • Structure Type: Detached
  • 2 levels
  • HardiPlank Type

Cooling

  • Central Air
  • Electric
  • Central A/C

Foundation

  • Concrete Perimeter

Garage

  • 2 garage spaces

Heating

  • Central
  • Heat Pump(s)

Listing

  • 208 days on market
  • $3,619 per sqft
  • Property SubType: Single Family Residential

Location

  • County: Albemarle
  • Subdivision: Albemarle

Lot

  • 12,606,264 sqft
  • 289.4 acres

Property

  • Other Structures: Above Grade,Below Grade

Schools

  • School District: ALBEMARLE COUNTY PUBLIC SCHOOLS

Sewer

  • No Sewer System

Taxes

  • City/Town Tax Pymnt Freq: Annually
  • County Tax: $4,259
  • County Tax Pymnt Freq: Annually
  • Tax Annual Amount: $4,259
  • Tax Year: 2023

Property Map

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$7,600,000 - 6308 Jefferson Mill Road, Scottsville, VA 24590

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6308 Jefferson Mill Road
Scottsville, VA 24590
County: Albemarle

Nearby Schools

Local Sales

Matt Boyle

Broker/Owner

484-999-4994

This content last updated on November 23, 2024 1:02PM.