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Loudoun 20175
40246 THOMAS MILL ROAD
$730,000
● House - Off Market

40246 THOMAS MILL ROAD

LEESBURG, VA 20175
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2,621 Ft²
$4,056
Est. Monthly

About This Property

Rare investor and renovation opportunity in the ever-popular town of Leesburg, offering the perfect combination of privacy, acreage, and close proximity to Washington, DC. Set on 5 beautiful acres, this classic rambler presents exceptional potential for buyers looking to restore and enhance a property with timeless character and strong long-term value.

The existing home features original hardwood floors and wood windows ready to be brought back to life, creating the foundation for a truly stunning renovation. With 3 bedrooms, 3 full baths, and 1,621 square feet above grade, the home offers a functional layout filled with natural light and possibilities for customization.

Two wood-burning fireplaces add warmth and charm, while the finished walk-up basement with a full bath provides outstanding flexibility for future private guest quarters, office space, recreation areas, or expanded living options. The walk-up access adds convenience and enhances the home's potential for multi-use living.

Outside, the expansive property offers endless opportunities for outdoor living, gardening, recreation, or future improvements, all while enjoying the peaceful setting that makes Leesburg so desirable.

Opportunities like this are increasingly hard to find in such a sought-after Northern Virginia location with easy access to shopping, dining, commuter routes, and the Washington, DC metro area. This is a chance to transform a solid home with great bones into something truly special.
Unit Size
2,621 Ft²
Days on Market
-
Land Size
4.98 acres
Price per sqft
$277
Property Type
House
Property Taxes
$496
HOA Dues
-
Year Built
1978

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Last updated: 4 months ago (Bright MLS #VALO2118796)

Price History

Date / Event Date Event Price
Jun 30, 2026 Sold
Sold
Jun 3, 2026 In contract -
In contract
May 29, 2026 Price Decreased $725,000
↓ $25K (3.3%)
Price Decreased
Mar 26, 2026 Listed by Real Broker, LLC $750,000
Listed by Real Broker, LLC
Sep 22, 2018 No longer available -
No longer available
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Property Highlights

Air Conditioning
Fireplace

Building Info

Overview

    General

  • Year Built: 1978
  • Effective Year Built: 1985
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Bathroom Plumbing Fixtures: 9
  • Building Condition: 6
  • Building Quality: 9
  • Construction Type: 0
  • Building Style: 11
  • Exterior Walls Type: 24
  • Interior Walls Type: 3
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 100
  • Floor Cover: 9
  • Basement Type: 2
  • Basement Area: 1,621
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 20
  • Porch Type: 7
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 216,929
  • Total Building Area: 1,621
  • Building Area: 1,621
  • Building Area Measurement: L

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: 6
  • Heating: 3
  • Heated Square Feet: 1,621
  • Heating Fuel Type: 6

    Utilities

  • Sewer System: 4
  • Water Service: 5

Building

  • Building Type: 0
  • Property Class: R
  • Subdivision: DRY MILL
  • Land Acres: 0000004980
  • Standard Land Use Code: 1001
  • County Land Use Code: 2
  • Legal Description 1: DRY MILL 1260--754,657-182 1138--1166 HWY

Neighborhood

  • School District Name: Loudoun County Public Schools
  • School Tax School District: COUNTY DISTRICT
  • Census Tract: 610703

Zoning

  • Zoning: AR1

Geography

  • Assessors Map Reference: 47/////////4C
  • Parcel: 310-37-3097-000
  • Municipality: CATOCTIN
  • Latitude: 39.1153
  • Longitude: -77.6106

    Address

  • Full Address: 40246 Thomas Mill Rd
  • Address - House Number: 40246
  • Address - Street Name: Thomas Mill
  • Address - Suffix Type: Rd
  • State: VA
  • City Name: Leesburg
  • Carrier Code: R013
  • 4-Digit Zip Code: 6940
  • Zip Code: 20175

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $562,704
  • Initial Tax Delinquent Year: 2017

    Appraisal Valuation

  • Standard Deviation: 0.0675
  • Valuation Date: Sep 21, 2023
  • Confidence Score: 96
  • Final Value: 714,091
  • High Value: 762,330
  • Low Value: 665,851

    Market Valuation

  • Market Total Value: $643,090
  • Market Land Value: $300,700
  • Market Improvement Value: $342,390

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $643,090
  • Assessed Land Value: $300,700
  • Assessed Improvements Value: $342,390
Data used for valuation calculations is provided by RealtyHop, and other third party sources

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About Loudoun


Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 128 Hampshire Square Sw, LEESBURG, VA, 20175

$3,000 /mo

  • 3 Beds
  • 3 Baths
  • 1,840 ft²
128 Hampshire Square Sw, LEESBURG, VA, 20175 Listing by Maged Saleh


Frequently Asked Questions

When was property at 40246 Thomas Mill Road built and last sold?
The property at 40246 Thomas Mill Road was built in 1978 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 40246 Thomas Mill Road is $759,913.
What are some comparable homes to 40246 Thomas Mill Road?
There are currently no comparable homes to 40246 Thomas Mill Road.