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2412 Custis Road
Arlington, VA 22201
$2,855,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
3760
Property Description
Constructed and delivered in 2020 by design/build firm Morris Construction Company, this extraordinary Craftsman Style luxury home is in Arlington VA, within minutes of Washington D.C., Ronald Reagan Airport, Rt. 66 & Rt. 395, walking distance to Clarendon and Courthouse Metros, restaurants & shopping in the sought after Lyon Village neighborhood. With approximately 3,750 square feet of finished living space, the house has 6 bedrooms, 5 full baths and 1 half bath. The main level features 10-foot ceilings with crown molding, recessed lighting, Sonos built-in sound system, oak hardwood floors, and plantation shutters on all windows. Gourmet style, stainless steel and quartz kitchen featuring a 12' x 8' breakfast nook and a 7' x 4' center island with built-in storage. A Sub-Zero Refrigerator, 6 Burner G.E. Cafe Series Brushed Bronze Range, G.E. Profile Advantium Built-In Microwave/oven, Bosch Super Silence Dishwasher, Whirlpool Beverage Center, and Asko 24" Washer/Dryer accent the kitchen. Also located on the main level are the dining/living room, study/office, spacious family room with built-in gas fireplace. The first floor also has a bedroom with an ensuite, mudroom with built-in shelving, and a half bath. The incredible upper-level features oak hardwood floors, recessed lighting, plantation shutters on all windows, 4 bedrooms with 3 full baths; the primary suite features a large separate shower, double sinks and a large walk-in closet with built-in shelves and dresser. There is also a separate second floor laundry room with a built-in folding table, shelves, and a Maytag 27' washer/dryer. The lower-level features its own separate entrance, in-law/nanny bedroom with full bath, recreation room and a storage/utility room with built-in shelving. There is a large outdoor tool shed, off street parking for 3 cars, an amazing 26' x 8' covered front porch, and an outdoor gas grill hook-up. This property is situated on a completely fenced in lot with four easy access gates, paver driveway and a beautifully landscaped 7,943 sq ft corner lot.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2021
MLS Number
VAAR2042292
Location
Address
2412 CUSTIS ROAD
City
ARLINGTON
State
VA
Zip Code
22201
County
ARLINGTON
Listing
Provider
G.E. Cranwell & Assoc., Ltd., original listing
Name
G.E. Cranwell & Assoc., Ltd.
Phone
(703) 525-4994
Office Name
G.E. Cranwell & Assoc., Ltd.
Office Phone
(703) 525-4994
Agent Name
George Cranwell

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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.