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37.86354 -78.45941

6190 JEFFERSON MILL RD SCOTTSVILLE, VA 24590

316117408 37.86354 -78.45941 230 /listing/316117408-150016049/6190-jefferson-mill-rd-scottsville-va-24590 False 0 7600000.0 102 VAAB2000218 False
  • $7,600,000
  • 289.40 lot
  • Est payment $40798.44/mo

Property & Neighborhood Info

Courtesy Of TTR Sotheby's International Realty, 2022343344

Vacant Land in SCOTTSVILLE

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.

Courtesy Of TTR Sotheby's International Realty, 2022343344
  1. 289.40 Lot

Main Features

  • Listing Status: Active
  • School District: ALBEMARLE COUNTY PUBLIC SCHOOLS
  • County: BUCKINGHAM
  • Taxes: $3,965.00
  • Tax Year: 2022
  • Subdivision: Mount Ida
  • MLS Number:VAAB2000218

Additional Features

  • Air Conditioning:
    • No
  • Current Use:
    • Multi Residential
  • Water Source:
    • Well
  • Waterfront:
    • No
  • Sewer:
    • Septic = # of BR
  • Water Access:
    • No
  • List Type (Exclusive):
    • Exclusive Right
  • Rental Features:
    • No
  • Assessment Year:
    • 2022
  • MLSSystem ID:
    • BRIGHT
  • Possession:
    • Immediate
  • Price Per SQFT:
    • 0.60
  • Sourced By:
    • Bright MLS
Neighborhood info courtesy of Homes.com © 2022

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Sherri Anderson
Sherri Anderson
REALTOR®
6375 Mercury Dr Mechanicsburg PA 17050
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37.86354 -78.45941

6190 JEFFERSON MILL RD SCOTTSVILLE, VA 24590

316117408 37.86354 -78.45941 230 /listing/316117408-150016049/6190-jefferson-mill-rd-scottsville-va-24590 False 0 7600000.0 102 VAAB2000218 False
  • $7,600,000
  • 289.40 lot
  • Est payment $40798.44/mo