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.
Est. $3,219 per month, based on comparable rentals
Sale and tax history for 40246 Thomas Mill Rd
Sale History
Tax History
Date
Event
Price
BRIGHT MLS #VALO2118796
Jun 30, 2026
Sold
$730,000
$279/sq ft
Jun 3, 2026
Pending
—
Jun 3, 2026
Listing Removed
—
May 29, 2026
Price Changed
$725,000
$277/sq ft
Apr 3, 2026
Relisted
—
Mar 31, 2026
Listing Removed
—
Mar 26, 2026
Listed
$750,000
$286/sq ft
BRIGHT MLS #1000370972
Sep 20, 2018
Listing Removed
—
Apr 9, 2018
Listed
$3,500,000
$1,335/sq ft
MRIS #LO10203274
Sep 19, 2018
Delisted
—
Apr 9, 2018
Listed
*
Year
Property tax
Land + Additions
Assessment*
2026
$6,246 (+4.9%)
$402,700 + $373,260
$775,960
2025
$5,953 (+0.8%)
$402,700 + $336,860
$739,560
2024
$5,907 (+5.0%)
$342,700 + $340,160
$682,860
2023
$5,627 (+11.2%)
$300,700 + $342,390
$643,090
2022
$5,062 (+5.6%)
$252,800 + $316,000
$568,800
2021
$4,792 (−1.7%)
$242,800 + $246,160
$488,960
2020
$4,875 (+4.3%)
$217,800 + $253,190
$470,990
2019
$4,675 (−3.7%)
$207,800 + $239,550
$447,350
2018
$4,853 (+1.2%)
$207,800 + $239,470
$447,270
2017
$4,797 (−0.8%)
$207,800 + $218,640
$426,440
2016
$4,837 (+3.6%)
$207,800 + $214,730
$422,530
2014
$4,670 (−6.2%)
$193,000 + $211,400
$404,400
2013
$4,978 (+2.2%)
$193,000 + $220,090
$413,090
2012
$4,872 (−1.0%)
$193,000 + $201,500
$394,500
2011
$4,920 (−0.4%)
$182,800 + $200,100
$382,900
2009
$4,938 (−15.2%)
$182,800 + $213,300
$396,100
2008
$5,821
$257,400 + $139,200
$396,600
Public record
Public record
Zoning
Beds
—
Baths
3
Stories
1
Lot width
—
Lot depth
—
Lot size
4.98 Acres
Year renovated
1985
Sq. Ft.
1,621
Year built
1978
Style
Single Family Residential
County
Loudoun County
APN
310373097000
Parking Spaces
—
Basement
—
Accessible
—
HOA Dues
—
Garage
—
Features
—
Last updated by owner on Aug 14, 2026.
AR1
Agricultural Rural-1 District
The purpose and intent of the Agricultural Rural-1 Zoning District is to: Implement the Rural North Place Type of the General Plan; Preserve and protect Prime Farmland Soils, recognizing their importance to the agricultural community and overall economic health of the rural economy; Support the use of land that protects, preserves and enhances natural areas and open space, retains farmland, and the vitality of the rural economy, and fosters a high quality of life for residents; Ensure complimentary rural economy uses, including traditional and new agricultural uses, agriculture support and basic services directly associated with on-going agricultural activities, and other uses can be developed in ways that are consistent with the rural character of and are compatible with existing residential development in the AR-1 Zoning District through mitigation or other standards; Recognize the County’s tourism industry is interconnected with the rural economy and rural economy uses in the AR-1 Zoning District by allowing for tourism uses related to agricultural uses, public, civic, and institutional uses; rural activity, and special event uses; Limit residential development to densities that will protect the land resources for agricultural operations, common open space uses, and rural economy uses; Promote consistency between residential development and rural economy uses through lower density residential development or the clustering of residential development and Ensure development incorporates natural, environmental, and heritage resources while preserving important viewsheds that contribute to the rural landscape.
Property Condition: Good, Average, Below Average, Major Rehab Needed
Year Built Source: Assessor
Building Information
Construction Materials: Masonry
Foundation Details: Block
Main Entrance Orientation: South
Other Structures: Above Grade, Below Grade
Outdoor Living Structures: Patio(s)
Pets Allowed: Yes
Pet Restrictions: No Pet Restrictions
Roof: Asphalt, Shingle
Structure Type: Detached
Building Not Winterized
Exterior Information
Fencing: Wire
Lot Information
Lot Features: Backs - Open Common Area
Tidal Water: No
Land Information
Land Assessed Value: $402,700
Above Grade Information
Finished Sq.Ft.: 1,621
Finished Sq.Ft. Source: Assessor
Below Grade Information
Unfinished Sq.Ft. Source: Assessor
Finished Sq.Ft.: 1,000
Finished Sq.Ft. Source: Estimated
Financial
Tax Information
County Tax: $5,953
Tax Assessed Value: $775,960
Tax Year: 2026
Tax Annual Amount: $5,953
Assessments Information
Year Assessed: 2026
Lease Information
Lease Considered: No
Utilities
Utilities Information
Cooling Type: Window Unit(s), Ceiling Fan(s)
Cooling Fuel: Electric
Baseboard - Hot Water
Heating Fuel: Oil
Hot Water: Electric
Sewer Septic: On Site Septic
Water Source: Well
Municipal Trash: No
Location
School Information
Elementary School: CATOCTIN
Middle Or Junior School: J. L. SIMPSON
High School: LOUDOUN COUNTY
School District Name: LOUDOUN COUNTY PUBLIC SCHOOLS
Elementary School Source: Listing Agent
Middle School Source: Listing Agent
High School Source: Listing Agent
School District Source: Listing Agent
Location Information
Outside City Limits
Cross Street: DRY MILL ROAD
Directions: From Route 7 near Clarks Gap, turn right onto Dry Mill Rd and continue straight for several miles. Then, make a right turn onto Thomas Mill Rd and follow it until you reach 40246 Thomas Mill Rd, which will be on your right.
Road Surface Type: Paved
Public facts
Beds: —
Baths: 3.0
Sq. Ft.: 1,621
Stories: 1.0
Lot Size: 4.98 acres
Style: Single Family Residential
Year Built: 1978
Year Renovated: 1985
County: Loudoun County
APN: 310373097000
Home facts updated by county records on Aug 14, 2026
Around this home
Schools
Catoctin Elementary School
Public PreK-5 • Assigned • 1.9mi
7/10
J. Lupton Simpson Middle School
Public 6-8 • Assigned • 2.8mi
6/10
Loudoun County High School
Public 9-12 • Assigned • 1.7mi
8/10
Provided by GreatSchools
Climate risks
1/10 Flood Factor
Minimal risk of a flood reaching the building in the next 30 years
3/10 Fire Factor
0.15% chance of being in a wildfire in next 30 years
5/10 Heat Factor
7 days above 105° expected this year, 16 days in 30 years
4/10 Wind Factor
7% chance of strong winds in next 30 years
2/10 Air Factor
1 unhealthy days expected this year, 2 days in 30 years
Provided by First Street
Historical weather
Leesburg, VA • 20175
Average low and high temperatures (°F)
38
23
44
28
62
39
70
49
74
55
85
65
90
71
83
65
79
60
69
48
58
40
44
29
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
Sun exposure
95/ 100
Exceptional sunlight
Sunscore
There appears to be minimal shading by surrounding buildings, terrain, and vegetation.
9.9 hrs
5.9 hrs
JuneDecember
Provided by Shadowmap
Estimated sale price
$726,000 – $879,000
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