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4220 Van Ness St Nw
Washington, DC 20016
$4,350,000
Conventional
Property
Bedroom
7
Bathroom
9
Property Type
Conventional
Square ft
--
Property Description
Discover a rarity in sought-after AU Park-4220 Van Ness St NW, a custom-built masterpiece nestled on a cherry blossom-lined street. Constructed in 2020, this expansive 8,296 square foot home spans four levels, featuring intricate crown molding, wainscoting, and arched thresholds that underscore its meticulous design. Every detail was carefully considered with an emphasis on allowing an abundance of light to enter the home through strategically placed windows and white reflective trim work, complemented by the beautifully refinished hardwood flooring and accent features. As you step inside, you're greeted by beautifully refinished hardwood flooring and soaring 9-foot ceilings adorned with elegant crown molding and coffered-like designs, creating an atmosphere of grandeur.The heart of the home lies in the beautiful chef's kitchen, featuring Carrara marble countertops, stainless steel gourmet appliances, and a Wolf 6-burner-plus-griddle gas range with dual electric ovens. The kitchen seamlessly flows into the adjoining family room, complete with a charming corner fireplace and a connecting Butler's pantry with a walk-in pantry, ideal for effortless entertaining.Formal dining and living spaces exude timeless charm, with the formal dining room showcasing built-in china and glassware cabinetry, finished with Carrara marble counters, and the living room boasting an elegant mantel over the gas fireplace and stunning arched grand entrance.The main level library/bedroom, designed with ADA accessibility in mind, offers the possibility for easy one-level living, adding convenience and versatility to the home's layout.As you move to the second level, you will find 4 bedrooms, including a stunning Primary Bedroom Suite with a private balcony and a luxurious Primary Bath adorned with designer marble, heated floors, and separate water closet. Additional bedrooms offer ample space and privacy, with the 2nd bedroom boasting its own full bath and walk-in closet, while the 3rd and 4th bedrooms share a Jack and Jill bath.The third level offers a beautiful open space with 2 bedrooms, a full bath, and classic dormers that add colonial flair, providing additional living or recreational space.The lower level includes a large entertaining space and is a fully-equipped kitchen, complete with modern appliances, ample counter space, and sleek cabinetry. There is also a separate bedroom with its own full bathroom, providing a private retreat for guests or family members. For added convenience, there is a separate au pair suite/guest apartment above the spacious 2-car garage that offers flexibility and privacy, with its own entrance, vaulted ceilings, exposed beams, Carrara marble counters, and a private balcony.The exterior includes a large fenced-in backyard with two gates, offering tranquility and security, while the spacious motor court provides parking for up to 7 cars, including a 220-volt EV charging outlet in the garage.Experience the epitome of luxury living at 4220 Van Ness-a place where every detail is meticulously crafted to provide the utmost in comfort and timeless elegance.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2020
MLS Number
DCDC2136324
Location
Address
4220 VAN NESS ST NW
City
WASHINGTON
State
DC
Zip Code
20016
County
WASHINGTON (NW)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
McLean
Office Phone
(888) 536-0216
Agent Name
Kara Chaffin Donofrio

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.