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6414 JEFFERSON MILL ROAD, Scottsville, VA 24590
$7,600,000 Asking Price
$---/mo Est. Payment Get Prequalified »
4
beds
3
baths
2,100
sqft
Built in
2014
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 & Amenities
Interior
- Basement:
- Unfinished
- A/C:
- Central A/C
- Heating:
- Y, Heat Pump(s), Central
- Disability Feature:
- None
Exterior
- General:
- Above Grade,Below Grade
- Style:
- Other
Construction
- General:
- HardiPlank Type, 2, Concrete Perimeter
Location
- Originating MLS:
- BRIGHT_MAIN
- School District:
- ALBEMARLE COUNTY PUBLIC SCHOOLS
- County:
- ALBEMARLE
Lot
- Zoning:
- RA, 123000000034C7
Utilities
- Water:
- Well
- Sewer:
- No Sewer System
Financial
- Source:
- BRIGHT_MAIN
This listing courtesy of:
TTR Sotheby's International Realty, Daniel M Heider
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Scottsville, VA
Housing
- Number of Units
- 3,244
- Median Home Value
- $206,732
- Median Rent
- $781
26.57% of housing units are renter occupied.
11.45% are vacant.
Commute
- Car
-
69.37%
- Public Transportation
-
0.96%
- Walk to Work
-
0.99%
- Work from Home
-
27.87%
- Other
-
0.80%
The median travel time to work is 27 minutes.
People
- Population
- 6,897
- Median Age
- 43.50
- Median Household Size
- 2.72
Education
- High School
-
28.06%
- Associate’s Degree
-
6.16%
- Bachelor’s Degree
-
17.21%
- Graduate Degree
-
10.51%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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