Lot 5
Nestled Hill with Total Privacy
5.241 acres Price = $46,205
This isolated property is at the end of Mountain Laurel Road, a formal part of the Swann Ridge subdivision. It comes off of Mountain Spring Road, which is well maintained. Because multiple homes were planned along this road, an extremely sturdy road was built that runs for 1/3 mile. The properties have been consolidated so this is now the only parcel at the end of this road.
Currently Mountain Laurel Road is in disrepair, having not been used for over a decade. We received an estimate from W A Wells Excavation to clear saplings, fill in holes and cover with crushed stone to make it totally useable ($5000).
Midway down Mountain Laurel Road are several good takeoffs for a driveway that would need to be built taking you up to the top of the ridge, which provides exceptional mountain views of the entire valley.
Next to a beautiful homesite, an approved site for a septic system has been surveyed and approved by Augusta County Health Department.
Pricing Rationale: 1-acre homesite @ $35,000; 4.421 acres mountain land @ $5000/acre (current assessed value). Credit of $10,000 for necessary road repairs.
Because of the need for road repair and driveway construction, we have placed a modest price for this parcel. An adjacent parcel of the same size sold for considerably more to a neighbor in 2014.
