Auction Ends January 25 at 1:00PM - Bids must be submitted on the Federa Home app:
Discover the potential of this magnificent wooded lot located at 11125 Elmview Place in the esteemed area of Great Falls, VA. This property presents a rare opportunity to own a substantial piece of land in a prestigious neighborhood surrounded by million-dollar homes. Spanning approximately 1.88 acres or 81,897 square feet as assessed by the Assessor, this parcel of land is currently zoned under code 100, with a tax assessed value of $773,000 for the year 2023 and a special assessment of $258.96. The land use is designated under code 971, and it is situated in block/lot 5. Currently used for agriculture and boasting stunning views of the street and surrounding trees and woods, this plot offers a serene and natural setting. It is characterized as raw land, meaning it has not been developed, offering a blank canvas for the new owner. The property is not subject to any leases and is available for land/lot only use. One of the key aspects of this land is its developmental potential. Though there are no building permits currently and the perc type is unknown, a neighboring builder has conducted a perc test on their adjacent lot, reporting favorable results. According to them, the soil quality is excellent, having perked for an 8300 square foot home. This information suggests promising potential for development, although buyers should conduct their own due diligence regarding perc tests and building possibilities. This lot does not have any utilities connected, with no water source or septic system in place. Additionally, there are no additional parcels included, and no ground rent exists on this property. Located in a suburban setting, this property offers the allure of rural life while still being close to the amenities of Great Falls. It's an ideal location for those looking to build their dream home in a tranquil, wooded environment, with the assurance of being in a high-value area. In summary, 11125 Elmview Place offers a unique opportunity to acquire a significant piece of land in a prestigious area, with potential for developing a luxury residence amidst natural beauty and high-value neighboring properties. The list price is the opening bid for the online-only auction. An auction deposit of $5,000 is required to place an offer. Offers must be made through the Federa Home app.
