140 Acres with Three Dwellings in Bealeton, VA

$ 1,350,000
Submitted:
Last Updated:
Contact Agent
MLS #VAFQ166346
Contact nameBritni Spurlock
Contact phone877-624-9322
Year built1900
TypeResidential
StatusMove-in Ready
Lot Area140 acres
Beds3
Baths3

Description

140 Acres * 3 Dwellings * 2 Unique Addresses * Multiple Potential Income Streams * 2 unique addresses (5694 & 5695 Winter Wood Lane) * 4 tax parcel IDs * The property offers multiple potential income streams, subdivision potential, and may be eligible for the National Register of Historic Places. Agricultural Best Management Practices (BMPs) are in place to include water piped directly to automatic livestock watering tanks. The star of the show, 5694 Winter Wood Lane is an early 1900s farmhouse with 3 bedrooms and 3 full bathrooms on 35 acres. The home was thoughtfully restored in the 1980s. Previously, a fourth bedroom occupied the space that is now used as a formal sitting and dining area. The second floor hall bathroom features a modern walk-in shower, and the master bathroom features a Jacuzzi tub. One guest bedroom has its own private balcony. Not shown in the photos are a mudroom and laundry room. All appliances convey, including a chest freezer and a second fridge/freezer combo in the mud room. Heating, AC, and hot water are geothermal. Water softener and sump pump have also been installed. Vents in the duct-work in the basement prevent frozen pipes. Sharing the same tax parcel as the primary residence is a recently constructed 3-story guest house/barn with full kitchen, 2 full bathrooms, office, living room, one car garage, and upstairs dormitory with sufficient space for several beds ~ an ideal setup for a vacation rental or hunting lodge. The third story could be converted into a hay loft or used for storage. The guest house is on separate electric with underground lines. It has a gas furnace. Propane tank conveys.Home and guest house are surrounded by beautifully manicured gardens complete with salt water swimming pool, doggie playpen, fenced in blueberry patch with 18 healthy bushes, and a run-in shed. The blueberries could be harvested and sold seasonally. 5695 Winter Wood Lane is a 4-bedroom, 1-bath house on 31 acres. The house is in fair condition and is currently rented below market value for $1,000/month. The market rate for 3 & 4 BR rentals in the area is $1400-$1800/month. The house has its own washer and dryer and is on propane gas and electric. It also has its own well and septic and two storage barns/outbuildings. With a little TLC, this property could make a good vacation rental to complement the guest house on 5694 Winter Wood Lane. The remaining parcels include roughly 74 acres. Approximately three-quarters of this acreage is protected by a Wetlands Reserve Program (WRP) easement. Recreational uses, including undeveloped hunting and fish and leasing of such rights are permitted. The WRP easement covers roughly 60.5 acres and extends into portions of 5694 and 5695 Winter Wood Lane. An additional 7.9 acres is in the Conservation Reserve Enhancement Program (CREP). All parcels are in land use. Rollback taxes estimated at $28,000. Current farmer can prepare a farming history affidavit to keep property in land use. In summary, this is a beautiful property with excellent income potential. Assuming you occupy the primary residence, potential income streams include (1) operating the guest house as a short-term or long term rental or hunting lodge, (2) operating the tenant house at 5695 Winter Wood Lane as a short-term or long term rental, (3) leasing the northwest portion of the property for hunting and fishing, (4) leasing the remaining land to a local farmer, and (5) harvesting/selling blueberries or offering as ~ pick your own.

Map

Additional Buildings / Amenities

  • Barn/Stable
  • Carriage House
  • Dock/Pier
  • Finished Basement
  • Gazebo
  • Greenhouse
  • Guest Cottage