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6190 Jefferson Mill Road

SCOTTSVILLE, VA 24590
  • $7,600,000
  • STATUS: Active
  • ON SITE: 195 Days
  • ID#: VAAB2000218
UPDATED: 40 min ago
$7,600,000
  • 0
    BEDS
  • 289.4
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

Introducing a unique opportunity to purchase a community of nine single-family homes in Albemarle County with an additional 16 homes permitted by-right. The property is included within the 5,000 acres comprising Mount Ida Reserve. Each home and lot is 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 occupies its own platted, 20-acre lot and 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 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 can be operated as a single family home +-community or managed as a short term rental community to serve the more than 50,000 annual guests of Mount Ida Reserve . ROI of 6-8% CoC on existing homes +-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 The Carroll Team | Douglas Realty. 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: 2022-12-05T09:51:17.193.
www.thecarrollteam.com/homes/129031428
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6190 Jefferson Mill Road SCOTTSVILLE, VA 24590

  • Price: $7,600,000
  • Status: Active
  • On Site: 195 Days
  • Updated: 40 min ago
  • ID#: VAAB2000218
0
Beds
0
Baths
0
½ Baths
289.4
Acres
Neighborhood:
Mount Ida
County:
Albemarle
School District:
Albemarle County Public Schools
Property Description
Introducing a unique opportunity to purchase a community of nine single-family homes in Albemarle County with an additional 16 homes permitted by-right. The property is included within the 5,000 acres comprising Mount Ida Reserve. Each home and lot is 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 occupies its own platted, 20-acre lot and 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 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 can be operated as a single family home +-community or managed as a short term rental community to serve the more than 50,000 annual guests of Mount Ida Reserve . ROI of 6-8% CoC on existing homes +-and the additional by-right development offers extensive upside for a rarified investment opportunity.
Exterior Features

Garage YN No Riparian Rights YN No Water Access YN No Water Oriented YN No Water View YN No Waterfront YN No

Property Features

Assessment Year 2022 Association YN No Central Air YN No Condo YN No Construction Completed YN No Current Use Multi Residential Navigable Water YN N Original MLSNumber 801592285346 Ownership Interest Fee Simple Possession Immediate Property Sub Type Land Sale Type Standard Sewer Septic = # Of Br Tax Annual Amount 3965.00 Tax Assessment Amount 464400.00 Vacation Rental YN No Water Source Well Zoning See Zoning Site

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 The Carroll Team | Douglas Realty. 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: 2022-12-05T09:51:17.193.
 
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The Carroll Team | Douglas Realty
5513 Twin Knolls Rd, Suite 214
Columbia MD, 21045