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38385 Mt Gilead Rd , Leesburg, VA 20175
$4,200,000
Est. Payment: $22,003.25/mo
2 Bed
1 Bath
880 Sqft
141.68 Acres
Status: pending | Days on site: 3
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House Description

141± acres in four separately deeded lots, offered as one. A 1934 stone cottage, built from the salvaged stone of the mill that stood here since about 1772, sits on the largest parcel above the North Fork of Goose Creek. No conservation easement on any of the four lots. The land divides across the creek. On the north bank, in AR1 zoning, are 55.36 acres improved with the cottage and a detached garage, and an adjoining 65.02 acres. Both sit at the extreme southern end of historic Mount Gilead Road, named for the hamlet that once stood there. On the south bank, in AR2 zoning, are 10.1 and 12.2 acres, to be accessed in time from Lime Kiln Road. The cottage is two bedrooms and needs a full renovation. It is worth doing. Dark wood floors and paneled walls run through the interior, a stone fireplace anchors the main room under an open beamed ceiling, and the original mill stone forms the exterior walls. For a buyer building new, the obvious move is to site a principal residence on the acreage and keep the cottage as a guest house. The history is real and documented. The tract was deeded by Lord Fairfax to Elizabeth Hough in 1766. Coe’s Mill ground grain and shipped flour to the Port of Alexandria, was proposed in the 1850s as a canal terminal and a rail depot, and neither project was built. Parts of Lee’s army passed its walls retreating from Maryland. It ran as a woolen mill until 1886 and was wrecked by the 1889 flood. A bronze plaque on the surviving stone wall marks the site. What the photographs cannot convey is the quiet. Water, hardwoods, and no neighbors in sight. The next stewards may want to consider a conservation easement, which would protect the land permanently and may carry meaningful tax benefits. Land and improvements, sold together. Four lots, no easement, and a piece of Loudoun County history.

Highlights

Listed by PETER A LEONARD-MORGAN , 4432545530 and Jeannene R Marconi , 7034016465 Hunt Country Sotheby's International Realty , 5406878500. Bright MLS

Property Type

Residential

Lot/Acreage
141.68

Year Built

1930

County

Loudoun

Neighborhood

Mount Gilead

School District

Loudoun County Public Schools

Listing ID

VALO2136048

Questions about this listing?

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:2
  • ▪ Bathrooms:1
  • ▪ Full Bathrooms:1
Floor:Hardwood
Above Ground Sq Ft:880
Other:
  • ▪ Main Floor Bedrooms:2
Water:Well

Exterior Features

Lot:Fishing Available,Hunting Available,Not In Development,Rural,Secluded,Stream/Creek,Trees/Wooded,Not New Construction,Horse Property: No,Waterfront
Garage Capacity:2
Zoning:The 55.36 & 65.02 acre lots are zoned AR1, the 10.1 & 11.2 acre lots are zoned AR2.
Roof:Asphalt
Others:
  • ▪ Additional:Excellent
Sewer:On Site Septic
Parking Features:Garage - Front Entry,Detached Garage,2+ Spaces,1+ Spaces
Principal Interest
$22,003
Taxes
$304

Home Price

$4,200,000

Loan Details

30 yrs
6.844%

Down Payment

20%
$840,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$22,003.25

Principal

Taxes

Principal Taxes HOA Total
Monthly $22,003.25 $303.58 $0.00 $22,306.84
Yearly $264,039.05 $3,643.00 $0.00 $267,682.05
Total $7,921,171.63 $109,290.00 $0.00 $8,030,461.63
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Chico Gordy
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Market insight data is pulled from the same city as the listing being viewed (Leesburg, VA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Information provided by Bright MLS, and is deemed reliable but not guaranteed accurate.

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Data last updated: 2026-11-14T01:13:51.000Z

© 2026 Bright MLS