6190 Jefferson Mill Rd, Scottsville, VA 24590

$7,600,000
4
BD
3
BA
2,100
SqFt
List Price
$7,600,000
Price Change
▲ $600,000 1653360779
Days on Market
193
Status
ACTIVE
MLS#
VAAB2000214
Bedrooms
4
Bathrooms
3
Full Baths
2
Half Baths
1
Living Area
2,100
Lot Size (Acres)
289.4
Style
Other
Year Built
2014
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.

Additional Information

Subdivision
Mount Ida
Taxes
$3965
School District
Albemarle County Public Schools
Garage
Yes
Garage Spaces
2
Heating
Heat Pump(s)
Heating Fuel
Central
Cooling
Central A/C
Water
Well
Sewer
No Sewer System
Basement
Yes

Mortgage Calculator

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Listing courtesy of TTR Sotheby's International Realty. Contact: