Waterfront
Address
6414 Jefferson Mill Road, Scottsville, VA
Price
$ 7,600,000
Property Attributes
- MLS#VAAB2000596
- TypeSingle Family
- CountyALBEMARLE
- CityScottsville
- NeighborhoodAlbemarle
- Zip24590
- Style
- Year Built2014
- Taxes$ 4259
- Price$ 7,600,000
- Bedrooms4
- Full Bathrooms2
- Half Bathrooms1
- Sqr Footage2100
- Lot Size289.4 Acres
Data Source:
Bright MLS
Property Description
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.
| Price History | |
|---|---|
| 4/30/2024 | Listed $7,600,000 |
General Features
| Sewer | No Sewer System |
|---|---|
| Heating | Heat Pump(s) |
| Cooling | Central A/C |
| Possession | Immediate,Settlement |
| Zoning | RA |
| Garage Spaces | 2.00 |
| Pool Y/N | No Pool |
| Architectural Style | Other |
| Construction Materials | HardiPlank Type |
| Year Built | 2014 |
| Levels | 2 |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Cool Fuel | Electric |
| Accessibility | None |
| County | ALBEMARLE |
| New Construction | No |
| Property Type | Residential |
| HOA / Comm Assn | No |
| Subdivision Name | ALBEMARLE |
| Garage Y/N | Yes |
| Water Access Y/N | No |
| Other Structures | Above Grade,Below Grade |
| Status | ACTIVE |
| Directions | Google or Waze |
| ModificationTimestamp | 2024-05-02T22:58:58 |
| City | SCOTTSVILLE |
| Buyer Agent Compensation | 3 |
| Senior Community Y/N | No |
| Lot Size Square Feet | 12606264.00 |
| Tax Assessed Value | 498700.0 |
| Waterfront Y/N | No |
| Street Name | JEFFERSON MILL |
| Tax Annual Amount | 4259.0 |
| Structure Type | Detached |
| Condo/Coop Association Y/N | No |
| Bathrooms Count Main Level | 1.00 |
| Price Per Sq Ft | 3619.05 |
| Vacation Rental Y/N | No |
| Total SQFT | 2100 |
| Days on Market | 4 |
| Standard Status | Active |
| Year Built Source | Estimated |
| Legal Subdivision | The Farms at Jefferson Mill |
| Tax Lot | 34C7 |
| Buyer Agent Compensation Type | % Of Gross |
Interior Features
| Heating Fuel | Central |
|---|---|
| Basement | Unfinished |
| Hot Water | Other |
| Basement (Y/N) | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 2100 |
| Full Baths | 2 |
| Half Baths | 1 |
| Street Suffix | ROAD |
| Central Air Y/N | Yes |
| Total Bedrooms | 4 |
| Below Grade Finished Area Unit Type | Square Feet |
| LivingAreaSource | Estimated |
| Below Grade Unfin Area Units | Square Feet |
| Below Grade Finished Area Source | Assessor |
| Bedrooms Count All Upper Levels | 4 |
| Bedrooms Count Upper Level 1 | 4 |
| Bathrooms Half Main Level | 1 |
| Bathrooms Full Upper Level 1 | 2 |
| Bathrooms Full All Upper Levels | 2 |
| Bathrooms Count Upper Level 1 | 2.00 |
| Bathrooms Count All Upper Levels | 2 |
| Above Grade Finished Area Source | Estimated |
| Above Grade Finished Area Unit Type | Square Feet |
| Total Baths | 3 |
Exterior Features
| Water Source | Well |
|---|---|
| Total Parking Spaces | 2 |
| Garage Features | Garage - Side Entry |
| Type of Parking | Attached Garage,Driveway |
| Foundation Details | Concrete Perimeter |
| Water View Y/N | No |
| Lot Size Acres | 289.40 |
| Lot Size Units | Square Feet |
| Lot Size Source | Estimated |
| Land Assessed Value | 164100.00 |
| Navigable Water Y/N | No |
| Water Oriented Y/N | No |
| # of Attached Garage Spaces | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 24590
Price
Taxes
Visits
Year Built
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