30 Acres of Agricultural Land & Home for Sale in Paeonian Springs, Virginia

16395 Old Waterford Rd, Paeonian Springs, VA 20129

30 Acres of Agricultural Land & Home for Sale in Paeonian Springs, Virginia
Property map
30.04 acres
active sale listed ago

WELCOME TO GREY GOOSE FARM, a magnificent estate with unparalleled views of the Catoctin Valley. Enjoy the crisp, vibrant Fall season with views that span across rolling hills to the Catoctin Mountains and north into Maryland. Experience both City and Country Living, this 30-acre estate is located minutes from Historic Leesburg, VA. Please see the ATTACHED THE GREY GOOSE FARM FACT SHEET providing details into the unique amenities and benefits offered – including FINANCIAL BENEFITS TO THE BUYER. Download the document or ask your agent. Please review the financial benefits with your CPA or Financial Advisor to confirm applicability to you. THE UNIQUE ASPECTS OF THE ESTATE: A Colonial Style where the MAIN FLOOR opens to a huge Foyer, Staircase, and Balcony. The oversized Living and Dining Rooms provide for gracious entertaining. The entire back of the home creates an amazing family living/informal entertaining area by linking the newly renovated Kitchen, Bar and Butler’s Pantry to the Informal Dining Room to the Den with Fireplace ending in the Library/Office. This entire area opens on to a raised deck and Valley Views. Up the Foyer Stairs to the SECOND FLOOR. The huge Master Suite continues the views of the mountains from the bedroom and the large, attached Sitting Room. Also included are skylights, a massive, remodeled Master Bath (heated floor, soaking tub, two showers, vanities, walk-

in closets). Follow the Balcony to find 3 additional bedrooms and 2 fully remodeled bathrooms.

BASEMENT LEVEL. The remodeled Office/Entertaining Suite opens to a slate patio. It is styled as an apartment with Kitchenette, Living Room w Fireplace, Office, TV Area, Computer Nook, Full Bathroom, and lots of Storage. Plus find the Secret Door in the Bonus Room! SAMPLING OF EXTRAS: Solid Oak Hardwood, Crown Molding, Skylights, Wainscotting, Ceiling Fans, Granite Counters, Marble flooring, Heated Italian Stone flooring, a GENERAC standby generator, and the Secret Door. FINANCIAL BENEFITS to BUYER: Review with your CPA/Financial Advisor for applicability. Grey Goose is operated as a Registered Farm with State of Virginia and USDA. Here are a few financial benefits that can accrue to the new owner. 1.) Grey Goose Farm qualifies for

“Land Use Property Tax Value Reduction” which significantly reduces the Tax Valuation of the Land reducing property taxes paid by the owner. For 2021, Grey Goose’s Land Use Tax Reduction in Property Tax Value was a very significant $221,000. 2.) State and Federal Farm Programs are enacted periodically resulting in direct payments to the farm owner: example 2018 USDA’s Grasslands Conservation Initiative. Grey Goose Farm qualifies for this direct payment. 3.) The farm owner can file IRS 1040 SCHEDULE F deducting a broad list of farm expenses (e.g., maintenance,

et.al.) against farm income. 4.) The farm owner may take advantage of designating property acquired for the farm as SECTION 179 PROPERTY (machinery, vehicles, livestock, etc.) resulting in VERY favorable current-year tax treatment. This is just a sampling of benefits. CONSULT YOUR CPA or FINANCIAL ADVISOR regarding applicability to you.

Sq ft
1/2 Baths

Property taxes

Year not provided

This 30.04 acre property is located at 16395 Old Waterford Rd in Paeonian Springs, VA 20129 with latitude 39.1636 and longitude -77.59102. It's currently available for sale with a price of $1,940,000. It has a 5,538 sq ft 4 bedroom, 4 bath house built in 1996. Property details are sourced from TRENDPA MLS # VALO2000638.

Copyright © 2021 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Parcel data provided by Regrid. Verify all property details and reference the listing source.

Last modified Oct 7, 2021.

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