NOT LISTED FOR SALE

35396 Millville Rd Middleburg, VA 20117

Estimated Value: $2,530,000 - $3,607,041

2 Beds
1 Bath
1,102 Sq Ft
$2,785/Sq Ft Est. Value

Last Sold June 01, 2017

Last sale price $1,485,000 $1,348 Per Sq Ft

Est. 113% increase in value since last sale

Current estimated payment $18,537/month

30 Days on Market

Highlights

  • 149.14 Acre Lot
  • No HOA
  • Baseboard Heating
  • Blue Ridge Middle School Rated A-
  • Forced Air Heating System
  • Wood Siding

About This Home

As of June 2017

Priced to sell! The legendary Paul Mellon built the Middleburg Training center in 1956 and it has been an epicenter for race horse training ever since. The property includes 11 barns, 220 stalls, 22 paddocks, 3 wells, a pond and a beautiful 7/8th mile track. Lots of tack rooms, groom apartments, offices, machine shop and a 2 br tenant house. Significant tax credit or development potential.

Last Agent to Sell the Property

Ted Zimmerman

Corcoran McEnearney Listed on: 03/09/2017

Co-Listed By

Laura Farrell

TTR Sotheby's International Realty

Last Buyer's Agent

Scott Buzzelli

Corcoran McEnearney License #0225076897

Corcoran McEnearney

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $20,801

Year Built

  • Built in 1956

Lot Details

  • 149.14 Acre Lot

Parking

  • Free Parking

Home Design

  • Wood Siding

Bedrooms and Bathrooms

  • 2 Main Level Bedrooms
  • 1 Full Bathroom

Utilities

  • Forced Air Heating System
  • Baseboard Heating
  • Well
  • Electric Water Heater
  • Septic Tank

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 597465120000

Home Details

Home Type

Single Family

Est. Annual Taxes

$20,801

Year Built

Built in 1956

Lot Details

0

Listing Details

  • Property Type: Residential
  • Structure Type: Detached
  • Ownership: Fee Simple
  • New Construction: No
  • Story List: Main
  • Year Built: 1956
  • Remarks Public: Priced to sell! The legendary Paul Mellon built the Middleburg Training center in 1956 and it has been an epicenter for race horse training ever since. The property includes 11 barns, 220 stalls, 22 paddocks, 3 wells, a pond and a beautiful 7/8th mile track. Lots of tack rooms, groom apartments, offices, machine shop and a 2 br tenant house. Significant tax credit or development potential.
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace: No
  • Basement: No
  • Living Area Units: Square Feet
  • Street Number Modifier: 35396

Beds/Baths

  • Bedrooms: 2
  • Main Level Bedrooms: 2
  • Total Bathrooms: 1
  • Full Bathrooms: 1
  • Main Level Bathrooms: 1.00
  • Main Level Full Bathrooms: 1

Exterior Features

  • Construction Materials: Wood Siding
  • Pool Private: No
  • Water Access: No
  • Waterfront: No
  • Water Oriented: No
  • Pool: No Pool
  • Tidal Water: No
  • Water View: No

Garage/Parking

  • Garage: No
  • Parking Features: Free

Utilities

  • Central Air Conditioning: No
  • Heating Fuel: Electric
  • Heating Type: Baseboard, Forced Air
  • Heating: Yes
  • Hot Water: Electric
  • Sewer/Septic System: Septic Exists
  • Water Source: Well

Condo/Co-op/Association

  • Condo Co-Op Association: No
  • HOA: No
  • Senior Community: No

Schools

  • School District: LOUDOUN COUNTY PUBLIC SCHOOLS
  • School District Key: 121139189813

Lot Info

  • Improvement Assessed Value: 1597570.00
  • Land Assessed Value: 217200.00
  • Lot Size Acres: 149.14
  • Lot Size Area: 6496538
  • Lot Size Units: Square Feet
  • Lot Sq Ft: 6496538.00
  • Property Attached Yn: No
  • Year Assessed: 2017

Rental Info

  • Vacation Rental: No

Tax Info

  • Assessor Parcel Number: 16559688
  • Tax Annual Amount: 20801.44
  • Assessor Parcel Number: 597465120000
  • Tax Total Finished Sq Ft: 1102
  • County Tax Payment Frequency: Annually
  • Tax Year: 2016
  • Close Date: 06/01/2017

MLS Schools

  • School District Name: LOUDOUN COUNTY PUBLIC SCHOOLS

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 9, 2017
Closed on
May 1, 2017
Sold by
Thoroughbred Retirement Foundation Inc A
Bought by
Mtc1 Llc A Virginia Limited Liability Co
Seller's Agent
Ted Zimmerman
Corcoran McEnearney
Buyer's Agent
Scott Buzzelli
Corcoran McEnearney
List Price
$2,250,000
Sold Price
$1,485,000
Premium/Discount to List
-$765,000
-34%
Current Estimated Value
$3,163,532

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,678,532
Avg. Annual Appreciation
9.25%
Original Mortgage
$150,000
Interest Rate
4.1%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Dec 29, 2016
Sold by
Training Center Llc A Virginia Limited L
Bought by
Thoroughbred Retirement Foundation Inc A

Purchase Details

Closed on
Dec 21, 2016
Sold by
The Randolph D Rouse Trust Dated May 8 1
Bought by
Training Center Llc A Virginia Limited L
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Mtc1 Llc A Virginia Limited Liability Co $1,485,000 Union Title & Escrow Inc
Thoroughbred Retirement Foundation Inc A -- None Available
Training Center Llc A Virginia Limited L -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Thoroughbred Retirement Foundation Inc $150,000
Previous Owner Thoroughbred Retirement Foundation Inc $200,000
Previous Owner Thoroughbred Retirement Foundation Inc A $117,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/01/2017 06/01/17 Sold $1,485,000 -20.4% $1,348 / Sq Ft
04/10/2017 04/10/17 Pending -- -- --
04/07/2017 04/07/17 Price Changed $1,865,000 -17.1% $1,692 / Sq Ft
03/10/2017 03/10/17 For Sale $2,250,000 +51.5% $2,042 / Sq Ft
03/09/2017 03/09/17 Off Market $1,485,000 -- --
Source: Bright MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $14,596 $1,813,120 $384,250 $1,428,870
2024 $18,323 $2,118,230 $403,980 $1,714,250
2023 $16,255 $1,857,680 $316,900 $1,540,780
2022 $15,231 $1,711,380 $264,920 $1,446,460
2021 $15,658 $3,224,550 $1,866,100 $1,358,450
2020 $16,157 $3,177,560 $1,866,100 $1,311,460
2019 $15,452 $3,115,760 $1,866,100 $1,249,660
2018 $16,211 $3,131,970 $1,866,100 $1,265,870
2017 $20,416 $3,463,670 $1,866,100 $1,597,570
2016 $20,801 $1,816,720 $0 $0
2015 $18,272 $1,609,900 $52,670 $1,557,230
2014 $17,629 $1,526,290 $34,010 $1,492,280
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Bright MLS

MLS Number: 1000724351

Bright MLS

APN: 597-46-5120