40246 Thomas Mill Rd Leesburg, VA 20175
Estimated payment $4,496/month
Highlights
- 4.98 Acre Lot
- Rambler Architecture
- 2 Fireplaces
- Loudoun County High School Rated A-
- Wood Flooring
- No HOA
About This Home
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.
Listing Agent
(855) 450-0442 dmvbroker@therealbrokerage.com Real Broker, LLC Brokerage Phone: 8554500442 License #636709 Listed on: 03/26/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $5,953
Year Built
- Built in 1978
Lot Details
- 4.98 Acre Lot
- Backs To Open Common Area
- South Facing Home
- Wire Fence
- Property is in good condition
- Property is zoned AR1
Home Design
- Rambler Architecture
- Fixer Upper
- Block Foundation
- Shingle Roof
- Asphalt Roof
- Masonry
Interior Spaces
- Property has 2 Levels
- Ceiling Fan
- 2 Fireplaces
- Wood Burning Fireplace
- Brick Fireplace
- Finished Basement
- Walk-Out Basement
Kitchen
- Stove
- Built-In Microwave
- Dishwasher
Flooring
- Wood
- Tile or Brick
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
Laundry
- Laundry on lower level
- Dryer
- Washer
Parking
- 10 Parking Spaces
- 10 Driveway Spaces
- Dirt Driveway
Outdoor Features
- Patio
Schools
- Catoctin Elementary School
- J. L. Simpson Middle School
- Loudoun County High School
Utilities
- Window Unit Cooling System
- Heating System Uses Oil
- Hot Water Baseboard Heater
- Well
- Electric Water Heater
- On Site Septic
Community Details
- No Home Owners Association
Listing and Financial Details
- Assessor Parcel Number 310373097000
Map
Home Values in the Area
Average Home Value in this Area
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 | $5,953 | $739,560 | $402,700 | $336,860 |
| 2024 | $5,907 | $682,860 | $342,700 | $340,160 |
| 2023 | $5,627 | $643,090 | $300,700 | $342,390 |
| 2022 | $5,062 | $568,800 | $252,800 | $316,000 |
| 2021 | $4,792 | $488,960 | $242,800 | $246,160 |
| 2020 | $4,875 | $470,990 | $217,800 | $253,190 |
| 2019 | $4,675 | $447,350 | $207,800 | $239,550 |
| 2018 | $4,853 | $447,270 | $207,800 | $239,470 |
| 2017 | $4,797 | $426,440 | $207,800 | $218,640 |
| 2016 | $4,838 | $422,530 | $0 | $0 |
| 2015 | $4,790 | $214,210 | $0 | $214,210 |
| 2014 | $4,671 | $211,400 | $0 | $211,400 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/26/2026 03/26/26 | For Sale | $750,000 | -- | $286 / Sq Ft |
Source: Bright MLS
MLS Number: VALO2118796
APN: 310-37-3097
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Ask me questions while you tour the home.