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2636 S Lynn Street
Arlington, VA 22202
$1,795,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
3884
Property Description
Gorgeous Colonial is situated on a quiet, private cul-de-sac on a massive 26,850sf (.61acre) lot with wooded views and loads of privacy. 3,500sf of interior living space across three finished levels perfectly blends with numerous outdoor living spaces. Set far back from the street, an inviting front yard and brick walkway lead to a covered entryway into an elegant front foyer, which includes coat closet and convenient powder room. Sight lines from the foyer include an elegant staircase and banister leading to the upper level, into the gourmet kitchen and into the formal living room. Main level floor plan includes traditional elements as well as open concept functionality, ideal for parties and day-to-day living alike. Showpiece, professional grade chef’s kitchen cooks and entertains like a dream; 48” Thermador gas range with grill and double oven, dual dishwashers, built-in refrigerator, dual sinks, gorgeous granite countertops, abundant wood cabinetry and island with bar seating. Additional main level features include a family room with fireplace, side entrance from the driveway, oversized dining room with chair rail molding, stunning living room featuring built-in shelving and a bay window. Step out from the dining room through double-wide sliding glass doors onto the screened porch with flagstone flooring, gas fireplace, wood-stained v-groove vaulted ceiling and motorized retractable screens. Upper-level features four generous bedrooms, two full bathrooms including a luxurious, spa-inspired owners suite, abundant closet space, laundry and attic access. Owner’s suite features numerous closets with closet organization systems, wood burning fireplace and tray ceilings, dual vanities, heated floors and a steam shower with frameless glass enclosure. Guest bedrooms feature abundant closet space, hardwood floors, plenty of natural light and share an elegant hall bathroom featuring a jetted tub. Walk-out lower level is ideal as an in-law/ au-pair suite with separate entrance and the fifth bedroom, third full bathroom, large rec room with fireplace, gorgeous wet bar, abundant storage and laundry room. Lower level also leads to the attached two car garage, access to the covered patio and beautiful, tranquil and professionally landscaped backyard. Additional features include a deck with spiral staircase, driveway parking for at least half a dozen cars, new roof and expert level craftsmanship throughout. Supreme location within the most convenient neighborhood throughout the entire D.M.V. – Zero stoplights to Washington D.C., close to Metro, schools, shopping, dining, grocery stores including Whole Foods. Easy access to The Pentagon, Amazon’s new National Landing HQ2 Headquarters, Virginia Tech Innovation Campus and so, so much more! THREE PARCELS convey with this home (there are two outlots); 37-021-114, 37-021-116, 37-021-113.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1964
MLS Number
VAAR2041584
Location
Address
2636 S LYNN STREET
City
ARLINGTON
State
VA
Zip Code
22202
County
ARLINGTON
Listing
Provider
Keller Williams Realty McLean/Great Falls, original listing
Name
Keller Williams Realty McLean/Great Falls
Phone
(703) 636-7300
Office Name
Keller Williams Realty
Office Phone
(703) 636-7300
Agent Name
James Andors

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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.