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4129 N Randolph Street
Arlington, VA 22207
$2,999,900
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
7494
Property Description
FANTASTIC OPPORTUNITY! STUNNING 2013 BUILT CUSTOM HOME BY MONARCH CUSTOM HOMES THAT FEELS BRAND NEW BOASTING APPROXIMATELY 7,500 SQUARE FEET OF LIVING SPACE ON AN AMAZING, HARD TO FIND .48 ACRE LOT ON A QUIET STREET JUST ACROSS THE BRIDGE FROM WASHINGTON, D.C., RIGHT ON THE BIKE TRAIL ALONG THE POTOMAC RIVER, IN ONE OF ARLINGTON'S TOP SOUGHT AFTER SCHOOL PYRAMIDS! Handsome curb appeal with beautiful landscaping & a welcoming flagstone front walk to the portico entry with gas lantern * Light-filled floor plan featuring four finished levels with 9' ceilings on 3 levels, wood floors on main level, staircases and upper level landing, luxurious wood carpet, & beautiful wood trim and baseboards throughout * Over $250,000 of designer features added! * Formal living room with bay window, recessed lightings, built-in shelving, & custom shutters & window treatments * Formal dining room with custom shutters & window treatments with Butler pantry between dining room & kitchen * Open kitchen with oversized island with marble top, granite counters with tile backsplash, stainless steel appliances plus two paneled dishwashers, desk area, eat-in area with French doors to back yard, & recessed lighting * Mudroom with coat closet and storage cabinets lead to the two car garage with automatic openers plus finished walls & recessed lighting * Cozy family room has wall of windows looking out to the back yard, wood fireplace with gas rough in & stone surround with wood mantle * Open wood staircases with picture windows looking out to yard * Primary bedroom has a wood fireplace with stone surround & gas rough-in * Luxurious primary bath with marble tile floors, two vanities with marble tops, soaking tub, bay window, & separate shower with glass doors, marble tile floor & surround, built-in bench, & 3 shower heads * Incredible custom dressing rooms/closets with built-in shelving & cabinets with glass display shelving, floor to ceiling mirror, center island with marble top, & recessed lights * Second & third bedrooms with private baths & walk-in closets * Bedroom level laundry room * Upper level recreation room is the perfect home office or bedroom suite with dormer windows, recessed lighting, bedroom with private bath & walk-in closet (currently used as fitness room with rubber floor) * Lower level recreation room has cozy gas fireplace with stone surround, built-in television projector & screen, built-in surround sound, wet bar with marble top & beverage refrigerator * Walk-out area with stone floor leads to flagstone patio * Lower level guest bedroom has private bath * Powder room off the recreation room * Huge utility room/storage room with HVAC, 75 gallon gas water heater, extra refrigerator plus freezer, plus lots of storage space * Relaxing trex deck off the kitchen is a great place to unwind and grill out with steps out to the back yard * Wonderful, private back yard surrounded by trees with open space * Great location with easy access to Washington, D.C. and the Potomac River * Owner would consider selling fully or partially furnished * DON'T MISS OUT!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2013
MLS Number
VAAR2041936
Location
Address
4129 N RANDOLPH STREET
City
ARLINGTON
State
VA
Zip Code
22207
County
ARLINGTON
Listing
Provider
Allegiance Realty Partners, LLC, original listing
Name
Allegiance Realty Partners, LLC
Phone
(703) 824-4800
Office Name
RE/MAX Allegiance
Office Phone
(703) 237-9500
Agent Name
Rob Ferguson

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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.