845 RACOON RIDGE Scottsville, VA $ 2,595,000
845 RACOON RIDGE
$ 2,595,000
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845 RACOON RIDGE

Scottsville, VA, 24590
$ 2,595,000
Bedrooms4 Baths2.1 Sq 3,200

Monthly Estimate*

$ 16,189

845 RACOON RIDGE, Scottsville, VA 24590 - Image 1
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Single Family Home for sale in Scottsville, VA

for $2,595,000 with 4 bedrooms and 2 full baths, 1 half bath. This 3,200 square foot home was built in 2011 on a lot size of 121.29 Acre(s).

*** Please view the Offering Memorandum in the Documents tab for additional information*** Introducing a unique opportunity to purchase an established, income-generating rental opportunity of two single-family homes on five lots in Albemarle County totaling 121.29 acres. The five lots within this opportunity offer 12 additional divisional rights for buildable homes. 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 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 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 entirety of the opportunity at The Farms at Jefferson Mill, which includes nine total single-family homes currently generates approximately $277, 000 of rental income annually. With the opportunity at 845 Racoon Ridge, a grouping of two of these consecutive homes are offered, which generate $55, 000 pro forma rent. Additional by-right developments offer extensive upside for a rarified investment opportunity.

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Single Family Active

Price

$ 2,595,000

Bedrooms

4

Full Bath

2

Half Bath

1

Property Type

Single Family

Taxes

$ 6,695

Style

Other / Unknown

Lot Size

121.29 Acre(s)

Year Built

2011

Town/City

Scottsville

County/Region

Albemarle

MLS | Web ID

VAAB2000300

Features
Interior
Basement Full Basement
Cooling System Central Air Electric Cooling
Heating System Central Heat Heat Pump
Water Source Well
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Exterior
Construction Hardiplank
Driveway Driveway
Foundation Concrete
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* Excluded Features
List By
Ttr Sotheby's International Realty

Broker

daniel@danielheider.com

Email

Affordability Calculator

$16,747
Per Month
97%
3%
0%
Monthly Principal & Interest
$16,189
Monthly Property Taxes
$558
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
ALBEMARLE COUNTY PUBLIC SCHOOLS School District

Map


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845 RACOON RIDGE, Scottsville, VA, 24590 is a Single Family Home for sale at $2,595,000 with 3,200 sqft and a lot size of 121.29 Acre(s). 845 RACOON RIDGE has 4 bedrooms, 2.1 baths, and was built in 2011. The property's zip code is 24590 which is in Scottsville, VA