Address
6478 Jefferson Mill Rd, Scottsville, VA
Price
$ 7,600,000
Property Attributes
  • MLS#43379
  • TypeSingle Family
  • CountyALBEMARLE
  • CityScottsville
  • AreaAlbemarle
  • NeighborhoodMount Ida
  • Zip24590
  • Style
  • Year Built2014
  • Taxes$ 3965
  • Price$ 7,600,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms1
  • Sqr Footage2100
  • Lot Size289.4 Acres
Data Source:
Charlottesville MLS (CAARMLS)
Property Description

Introducing a unique opportunity to purchase an established, income-generating rental community of nine single-family home rentals in Albemarle County with an additional 16 homes permitted by-right. Minutes from the Tasting Room & Tap House at Mount Ida Reserve and downtown Scottsville, 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 square feet of living space, 4 bedrooms, 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 currently generates approximately $175,000 of rental revenue annually and the additional by-right development offe

Price History
5/23/2022 Listed $7,000,000

General Features

AVM No
Association Frequency None
Basement Yes
Bathrooms 3
City SCOTTSVILLE
Class RESIDENTIAL
Coming Soon Introducing a unique opportunity to purchase an established
Cooling Central AC
DOM 132
Directions Google or Waze
Garage Yes
HOA No
Heating Central Heat, Heat Pump
Legal Description The Farms at Jefferson Mill
Listing Area Albemarle
New Construction No
Pool Y/N No
Possession Early Occupancy Possible
Postal Code 24590
Price Per Sq Ft 3619.05
Primary City Scottsville
Status Active
Status Active
Stories 2 Story
Street Name JEFFERSON MILL RD
Style Other
Subdivision VA
Subdivision MOUNT IDA
Tax Year 2022
Taxes 3965
Type Detached
Water Individual Well
Year Built 2014

Interior Features

# Baths: Main Level 1
# Baths: Upper Level(s) 2
# Beds: Upper Level(s) 4
Above Grade Finished 2100
Above Grade Total Sq. Ft. 2100
Basement Unfinished
Beds 4
Full Baths 2
Half Baths 1
Total Finished Sq. Ft. 2100
Total Sq. Ft. 2100

Exterior Features

Exterior Hardie Plank
Garage # Cars 2
Garage Features Attached, Faces Side
Lot Size Area 289.4
Sewer/Septic No Sewer/Septic

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
AVG $17.69M
$7.6M
Taxes
AVG $14,432
$3,965
Visits
AVG 756
72
Year Built
AVG 1970
2014

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