*** 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.
Property Details
Property Features
Property Information:
Architectural Style: Other
Year Built: 2011
Living Area: 3,200 SqFt
Listing Office:
Office Name: TTR Sotheby's International Realty
Office Phone: (202) 234-3344
Listing Agent: Daniel M Heider
Exterior Features
Parking Information:
Parking: Driveway
Lot Features
Lot Information:
Lot Size: 121.29 Acres
Utilities
Utilities Information:
Heating: Heat Pump
Cooling: Central Air
School Info
Assigned Schools Information:
Monticello High School, Public District Grades 9-12
Leslie H Walton Middle School, Public District Grades 6-8
Scottsville Elementary School, Public District Grades PK-5
Other
Directions Information:
Directions: 20 S left on Carter Mtn Rd, right on Secretary's Rd, right turn at 4-way stop on Rolling Rd, immediate right on Jefferson Mill Rd, 3.5 miles to lot on right
Price Information
Listing Price Info
Price Summary:
List Price: $2,595,000
Price Per SqFt: $811/SqFt
Tax Information:
Annual Amount: $2,626
Tax Year: 2021
What can I afford?
Understand what home price range makes sense for your budget.
MLS Details
MLS Information:
MLS Name: BRIGHT
MLS Number: #VAAB2000304
Listing Office:
Office Name: TTR Sotheby's International Realty
Office Phone: (202) 234-3344
Listing Agent: Daniel M Heider
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement.
The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some properties which appear for sale on this website may no longer be available because they are under contract, have sold or are no longer being offered for sale. Some real estate firms do not participate in IDX and their listings do not appear on this website. Some properties listed with participating firms do not appear on this website at the request of the seller. This home sale information is not to be construed as an appraisal and may not be used as such for any purpose.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$13K
Per Month
Principal & Interest
$12.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$7,846
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Scottsville Elementary School
7868 Scottsville School Rd
Distance between this listing and this school3.10 miles
Public District Grades PK-5
Middle School
6
/10
Leslie H Walton Middle School
4217 Red Hill Rd
Distance between this listing and this school6.47 miles
Public District Grades 6-8
High School
3
/10
Monticello High School
1400 Independence Way
Distance between this listing and this school10.20 miles
Public District Grades 9-12
Assigned Schools
3
/10
Scottsville Elementary School
7868 Scottsville School Rd
Distance between this listing and this school3.10 miles
Public District Grades PK-5
Nearby Schools
2
/10
Paul H Cale Elementary School
1757 Avon St Extended
Distance between this listing and this school10.11 miles
Public District Grades PK-5
2
/10
Jackson-Via Elementary School
508 Harris Rd
Distance between this listing and this school11.40 miles
Public District Grades PK-4
Assigned Schools
6
/10
Leslie H Walton Middle School
4217 Red Hill Rd
Distance between this listing and this school6.47 miles
Public District Grades 6-8
Nearby Schools
4
/10
Fluvanna Middle School
3717 Central Plains Rd
Distance between this listing and this school10.92 miles
Public District Grades 5-7
1
/10
Buford Middle School
1000 Cherry Ave
Distance between this listing and this school12.16 miles
Public District Grades 7-8
Assigned Schools
3
/10
Monticello High School
1400 Independence Way
Distance between this listing and this school10.20 miles
Public District Grades 9-12
Nearby Schools
5
/10
Fluvanna County High School
1918 Thomas Jefferson Parkway
Distance between this listing and this school9.62 miles
Public District Grades 8-12
7
/10
Murray High School
1200 Forest St
Distance between this listing and this school13.08 miles
The neighbors living near this home have an average income of $72,647. Typical income of Albemarle County, VA residents is between $35k-100k annually. The most common type of family is married, no kids. The most common level of education of people living in this area is high school diploma.
All data provided by Home Junction and Claritas
Living In Scottsville, VA
What are the common housing types in Scottsville, VA?
Single detached homes are the predominant housing type, representing around three quarters of dwellings in Scottsville, while the rest are mainly small apartment buildings. A majority of the housing growth in this town occurred pre-1960. This part of the Charlottesville metropolitan area is primarily composed of two bedroom and three bedroom homes. Around two thirds of the dwellings in the town are occupied by homeowners while the rest are rented.
What are the advantages of living in Scottsville, VA?
Scottsville is very quiet overall, as noise from the streets and other parts of the city is rarely an issue.
Are essential services in Scottsville, VA convenient?
There are no high schools and no primary schools in Scottsville. Regarding food, it is easy to reach the closest supermarket on foot in this town. There are also a few options for those who care about restaurants and cafes in close proximity.
How do Scottsville, VA residents get around?
Scottsville is especially car friendly. Accessing a place to park is generally easy. It is difficult for pedestrians to get around in Scottsville since carrying out daily needs is inconvenient on foot.
Powered by Local Logic
Frequently Asked Questions About 845 Racoon Rdg
What is the listing price of this property?
The listing price of 845 Racoon Rdg property is $2,595,000.
What type of property is this?
The property 845 Racoon Rdg is a house located in Scottsville, Virginia, 24590.
Is this property for sale now?
Active Listing: 845 Racoon Rdg is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 845 Racoon Rdg are: Scottsville Elementary School: GreatSchools Rating 3/10Leslie H Walton Middle School: GreatSchools Rating 6/10Monticello High School: GreatSchools Rating 3/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $2,626 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 845 Racoon Rdg is 3,200 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 845 Racoon Rdg is 2011.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 845 Racoon Rdg in Scottsville, VA and zip code 24590. This 3,200 square foot home, which was built in 2011, sits on a 121.29 acre lot. It has been listed on Rocket Homes since October 24, 2022 and is currently priced at $2,595,000.
Over 39 listings were sold over their listed price in March 2024 in Albemarle County, VA. In the same period over 32 listings were sold below the listed price and 19 listings were sold for the listed price. The number of listings in Albemarle County, VA increased by 10.6% between February 2024 and March 2024. The median list price of listings available in March 2024 was $542,000, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.
Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this website appears in part through the BRIGHT Internet Data Exchange program, a voluntary cooperative exchange of property listing data between licensed real estate brokerage firms in which participates, and is provided by BRIGHT through a licensing agreement. 
Hunting
Hunting
Pro Wrestling
NASCAR
Dick's Sporting Goods
Dillards
Wal-Mart
Texas Roadhouse
Cracker Barrel
Hardee's
Subaru
Cadillac
Ram
New Country
News/Talk/Information
Classic Country