Real Estate for sale

Albemarle, Virginia
Frays Grant, 800± AC Equestrian/Riverfront Community
Real Estate, residential, Home, Land, Property, Auction, For sale, Horse, Residential Realestate, Realestate Auction, Development, River, Equestrian, Horse Property, Equestrian Property, Equestrian Estate
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Title:
Frays Grant, 800± AC Equestrian/Riverfront Community
Pricing:
1,754,900
Description:

This is a public foreclosure auction set for Friday, October 25 @ 2 PM. Auction Location:
DoubleTree Hotel
990 Hilton Heights Rd
Charlottesville, VA 22901

Bids Start – Only $10,000! Assessed Value $1,754,900

21 premier lots in the 800± acre community of "Frays Grant". This exclusive development features equestrian/riverfront estate sites with rural and panoramic mountain views. Fray’s Grant Subdivision is situated on the north side of Frays Mountain Road in beautiful Albemarle County, near Charlottesville, Virginia. The parcels available are identified as lots 16 – 21, 25 – 30, 40 – 43, 46 – 49, and 53. The offering includes 13 large estate sites over 20± acres up to 44.79± acres, 8 smaller homesites ranging from 2± to 4± acres.

There is no commercial activity in the neighborhood, with land exclusively zoned for low density housing. All subject lots, except for lot 46, have access from roadways within the Fray’s Grant subdivision, which is accessible from Fray’s Mountain Road. Lots 16 - 21, 25 - 28, 30, & 43 are in the land use program and would be subject to roll back taxes upon development. Lot 46 is used as a preservation lot and takes advantage of land use taxes. Land use assessments range from $4,800 - $8,000. Lots 19, 20, 21, 27, & 46 have frontage on the North Fork of the Rivanna River. Annual dues are $1,100, but, according to the developer, are not applicable to lots owned by the developer. The roads in the subdivision are currently bonded. Public utilities include electric and telephone but the lots would need to be provided with well and septic by the builder. The property is zoned RA – Rural Areas. The lots will be sold separately, in combination, and as an entirety.

• 5 Lots with River Frontage
• Perfect for the Equestrian Enthusiast
• 13 Large Estate Lots 20± Acres Available
• 8 Smaller Lots 2 – 4 Acres Available
• 13 Lots in The Land Use Program
• Roads in the subdivision are bonded
• Existing Homes worth well over $1,000,000
• Lots will be sold separately, in combination, and as an entirety

“Fray’s Grant” is located at the foothills of The Blue Ridge Mountains in the heart of the Piedmont Plateau. There are unique building sites with gently rolling terrain with a mix of hardwoods and pastureland. Perfect for the Equestrian enthusiast to build and bring their horses. Currently there are upper income custom built homes built within the neighborhood, many valued at well over a million dollars. Minimum home size is 3000± square feet. The neighborhood should continue to attract and be well received among upper income home buyers.

Property Details:

Frays Mountain Rd., Albemarle, VA 22936

Lots 16 - 21

• 16 - 23.08± AC, Land Use Program
• 17 - 21.28± AC, Land Use Program
• 18 - 21.11± AC, Land Use Program
• 19 - 21.37± AC, frontage on the North Fork of the Rivanna River, Land Use Program
• 20 - 21.37± AC, frontage on the North Fork of the Rivanna River, Land Use Program
• 21 - 21.71± AC, frontage on the North Fork of the Rivanna River, Land Use Program

Lots 25 - 30

• 25 - 21.03± AC, Land Use Program
• 26 - 21.05± AC, Land Use Program
• 27 - 22.55± AC, 30 foot access easement, frontage on the North Fork of the Rivanna River, Land Use Program
• 28 - 21.05± AC, Land Use Program
• 29 - 3.14± AC
• 30 - 21.20± AC, Land Use Program

Lots 40-43

• 40 - 3.66± AC
• 41 - 3.51± AC
• 42 - 2.71± AC
• 43 - 21.30± AC, Land Use Program

Lot 46

• 44.79± AC
• Preservation tract with one dwelling permitted
• Subject to a Deed of Easement
• Only required to pay 50% of annual association dues
• Land Use tax advantages
• Frontage on the North Fork of the Rivanna River

Lots 47 - 49

• 47 - 2.17± AC
• 48 - 2.13± AC, 30 foot access easement
• 49 - 2.05± AC, 30 foot access easement

Lot 53

• 2.98± AC

Albemarle County is located within the region considered as the Charlottesville, VA Metropolitan Statistical Area. Overall the region has a strong employment base, and unemployment rates have remained below the rates experienced by the state and the nation for at least the past ten years. The neighborhood is located approximately 3± miles south of the Greene County line, 6± miles from US Route 29, 10± miles from amenities such as restaurants, movies, groceries, dry cleaners, and Starbucks, 15± miles from Charlottesville, 59± miles southeast of Harrisonburg, 60± miles northwest of Richmond, 114± miles southwest of Washington D.C., and 115± miles northeast of Roanoke.

City:
Albemarle
State:
Virginia
Country:
United States
Email:
Phone:
804-355-2100
Website:
http://www.motleys.com/auction/albemarle-county-va-frays-grant-subdivision-21-pre...
Photos:
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