6586 JOHN MOSBY HWY
About This Property
MILLWOOD FARM'S main entrance is through a gated entry which opens to a wide drive of brick pavers and leads to the 1 1/2 story main residence. The majority of the 9,650 sq. ft. is on the main level and consists of 18 spacious rooms including the kitchen , with heart pine cabinetry, which is open to the breakfast room with stone fireplace and adjacent to the family room, also with a stone fireplace. The upper level features a bedroom, bath, office and several large bonus rooms.
HORSE FACILITIES: Handsome brick stable with 11,270 sq. ft. features 23' wide aisles, 21 oversized horse stalls, offices, tack room, wash stalls, laundry room and full bath. Designed for maximum airflow and ventilation, the barn was sited to allow east/west and north/south cross ventilation. Each stall has entry into the interior aisle and many have a second door directly to the outside. Millwood Equestrian Estate also has board fenced paddocks, run-in sheds and a riding arena.
LOCATED between Upperville and Winchester, Millwood Farm is directly across Rt. 50 from Blandy, State Arboretum of Virginia. Old Tuley Lane is on the western boundary and provides private entrances to the additional dwellings and horse facilities of the farm, each with its own address. The additional dwellings and horse facilities include #236 Old Tuley Lane-Millwood Farm Equestrian Center, #170 Old Tuley Lane-Farm Office with Apartment, #234 Old Tuley Lane-Tenant House with 2 car garage, and #472 Old Tuley Lane-Apartment Building with 3-one bedroom apartments and office with full bath. This estate offers excellent road frontage and backs onto the lovely Millwood Country Club and Golf Course.
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Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
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Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
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Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
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Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 30, 2023 | Sold | ||
| Sold | |||
| Sep 6, 2023 | In contract | - | |
| In contract | |||
| Mar 10, 2023 | Price Decreased |
$3,300,000
↓ $430K
(11.5%) | |
| Price Decreased | |||
| Nov 2, 2022 | Listed by Thomas and Talbot Estate Properties, Inc. | $3,730,000 | |
| Listed by Thomas and Talbot Estate Properties, Inc. | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017