Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    6308 Jefferson Mill Rd Scottsville, VA 24590

    Sponsored
    For Sale
    $7,600,000

    Nine homes, 25 buildable lots, prime location

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional 289.4-acre property in Scottsville, VA, presents a unique investment opportunity. The assemblage includes nine existing single-family homes, each boasting 2,100 to 3,000 square feet, 4-5 bedrooms, 2.5-3.5 baths, a 2-car garage, a 20x12 deck, and an 1,100-square-foot unfinished walk-out basement roughed-in for additional living space. These colonial-style homes feature hardi-plank siding and are situated within the exclusive 5,000-acre Mount Ida Reserve, minutes from Trump Winery and Albemarle Estate. Beyond the existing homes, five finished lots are ready for development, and an additional eleven lots are permitted by-right, creating a total potential of 25 homes. Existing infrastructure, including underground electric and fiber, is already in place. The property offers significant income potential, with historical annual long-term rental income of $228,000 and recent short-term rental income of $288,000, including weekend stays generating $3,000 each. This versatile property, with its convenient location near Charlottesville and proximity to Mount Ida Reserve (over 50,000 annual guests), is ideal for both residential and investment purposes, offering a blend of tranquility and convenience in Virginia wine country.

    Property Features for 6308 Jefferson Mill Rd

    General Information

    Property type
    Residential income properties
    Lot Size
    12,606,264 SF

    Building Details

    Year Built
    2014
    Property Profile Location Intelligence

    Current Use by Public Records

    Multifamily properties

    Suggested Use

    Realty agency

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Scottsville
    County
    ALBEMARLE
    State
    Virginia
    Longitude
    -78.45865
    Latitude
    37.8595

    Nearby Comparable

    • $7,600,000
      289.40 Acres

      Jefferson Mill Rental Portfolio

      VA Single-Family Home Community
      6308 Jefferson Mill Rd, Scottsville, VA 24590
      View Details
    • Contact for pricing
      121,271,040 SF

      Mount Ida Reserve: VA Estate

      Luxury Estate, 2800 Acres, VA
      510 Mt Pleasant Farm Rd, Scottsville, VA 24590
      View Details
    • Contact for pricing
      2,784.00 Acres

      Mount Ida Reserve: VA Estate

      Luxury Estate, 2784 Acres, Endless Potential
      510 Mt Pleasant Farm Rd, Scottsville, VA 24590
      View Details
    • $1,590,000
      96.48 Acres

      96.48 Acres Investment Property

      Two parcels totaling 96.48 acres, potential farm or subdivision.
      Tbd Transco Rd, Scottsville, VA 24590
      View Details
    • $50,000
      Pending

      Virginia Countryside Land Parcel

      Land with mature trees, ideal for homesite or hunting.
      850 Hundley Rd, Scottsville, VA 24590
      View Details
    • $199,000
      Pending

      21-Acre Land Near Charlottesville

      21 acres of open land, 25 minutes from Charlottesville.
      Secretarys Rd, Scottsville, VA 24590
      View Details
    • $159,900
      Pending

      Secluded 17-Acre Agricultural Property

      Stunning 17-acre property with mature trees and serene creek.
      Antioch Rd, Scottsville, VA 24590
      View Details
    • $1,700,000

      Scottsville Specialty Property For Sale

      Specialty property available in Scottsville, Virginia.
      495 Deepwood Farm Dr, Scottsville, VA 24590
      View Details
    • $639,900

      Scottsville Specialty Property For Sale

      Specialty property available in Scottsville, Virginia.
      278 James River Rd, Scottsville, VA 24590
      View Details
    • $379,000
      2,808 SF

      Mixed-Use Property with Rental Income

      Mixed-use property featuring a commercial space and residential unit.
      485 Valley St, Scottsville, VA 24590
      View Details

    Nearby Similar for Sale

    • $6,250,000

      Expansive Farm with Equestrian Facilities

      753-acre farm with historic home and equestrian amenities.
      9313 Greenfield Farm, Scottsville, VA 24590
      View Details
    • $379,000
      2,808 SF

      Mixed-Use Property with Rental Income

      Mixed-use property featuring a commercial space and residential unit.
      485 Valley St, Scottsville, VA 24590
      View Details
    • $800,000

      Downtown Scottsville Mixed-Use Building

      Mixed-use building with store fronts and apartments in downtown.
      475 Valley St, Scottsville, VA 24590
      View Details
    • $210,000
      1,727 SF

      Retail Investment Property in Scottsville

      Commercial investment property in the Historic Town of Scottsville, Virginia.
      383 Valley St, Scottsville, VA 24590
      View Details
    • $225,000
      1,914 SF

      Retail Investment in Historic Scottsville

      Commercial property with retail and office spaces in Scottsville.
      100 Jackson St, Scottsville, VA 24590
      View Details
    • $3,600,000

      Former Plant with Development Potential

      Industrial property with redevelopment potential in Scottsville, Virginia.
      800 Bird St, Scottsville, VA 24590
      View Details
    • $1,480,000

      Scottsville Agricultural Property for Sale

      Agricultural property available in Scottsville, Virginia.
      3785 Rolling Rd S, Scottsville, VA 24590
      View Details
    • $1,700,000

      Scottsville Specialty Property For Sale

      Specialty property available in Scottsville, Virginia.
      495 Deepwood Farm Dr, Scottsville, VA 24590
      View Details
    • $639,900

      Scottsville Specialty Property For Sale

      Specialty property available in Scottsville, Virginia.
      278 James River Rd, Scottsville, VA 24590
      View Details
    • Contact for pricing
      2,784.00 Acres

      Mount Ida Reserve: VA Estate

      Luxury Estate, 2784 Acres, Endless Potential
      510 Mt Pleasant Farm Rd, Scottsville, VA 24590
      View Details

    FAQs

    What type of property is this?
    Residential income property - Nine homes, 25 buildable lots, prime location
    Where is this residential income property located?
    The property is located at 6308 Jefferson Mill Rd Scottsville, VA.
    What is the asking price?
    The asking price for this property is $7,600,000.
    (202) 234-3344
    Request Owner's contact information
    6308 Jefferson Mill Rd Scottsville, VA 24590
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    6308 Jefferson Mill Rd
    Scottsville, VA 24590
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6308 Jefferson Mill Rd Scottsville, VA 24590
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.