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3059 Cedarwood Lane
Falls Church, VA 22042
$1,495,000
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
3293
Property Description
Nestled in the heart of Falls Church, VA, at 3059 Cedarwood Lane, this breathtaking colonial-style estate stands as a testament to nearly eight decades of one family's dedication and love. Originally built in 1933 on a generous .69 acre lot, the property has undergone a meticulous transformation, inspired by the owner's admiration for the architectural beauty found in Colonial Williamsburg, New England, and the English countryside. The result is an award-winning, magazine-featured home that perfectly marries quintessential colonial charm with modern luxury and comfort. As you step inside, you're welcomed by the enduring beauty of heart pine flooring ranging from 6-9 inches in the sunroom and office, setting the tone for the craftsmanship and attention to detail that defines this home. Spanning over 3300 sqft of finished living space across three levels, the estate features three bedrooms, three and a half baths, and a two-car tandem garage with a loft above, offering potential for additional living space. The interior boasts an array of handcrafted details, including bespoke front and rear doors, intricate moldings, chair railings, and marble floors in the foyer, kitchen, and baths. The den and dining room are adorned with handmade wooden carvings, while the living and dining rooms are brought together by a double-sided gas fireplace with a custom-carved marble mantel. Another fireplace, with a marble face and wood surround, adds warmth to the den for a total of 3 fireplaces. The exterior of the home and its surrounding gardens are equally captivating, highlighted by handmade copper lanterns, 15 skylights, custom windows, and a garage door that complements the property's colonial inspiration. The brick driveway, laid in a classic fish-scale pattern, and the stone apron around the home echo the craftsmanship of a bygone era. The gardens, a lush retreat of conifers, topiary boxwoods, azaleas, and mature trees, feature whimsical statues, a waterfall, and an irrigation system, ensuring their beauty year-round. The home's colonial essence is further embodied in the Chippendale-designed railing and onion-top posts on the front porch, stone chimneys, and copper gutters. Modern comforts are seamlessly integrated throughout the home, ensuring a luxurious living experience. The primary bathroom offers a double jacuzzi and steam shower, while the kitchen is equipped with a Subzero refrigerator, Whirlpool dishwasher, and GE Microwave. The addition of an instant hot water heater, skylights, and a comprehensive irrigation system further enhance the home's functionality and appeal. Recent updates, including a concrete shingle roof (1988), furnace and A/C (2018), hot water heater (2018), upstairs heat pump (2021), and a second-floor laundry with a new washer/dryer (Dec. 2022), underscore the home's blend of historical charm and modern reliability. These enhancements, coupled with the property's rich history and distinctive character, have earned it prestigious accolades and features in renowned publications. 3059 Cedarwood Lane is more than a home; it is a piece of Falls Church's heritage, reimagined for contemporary living. This property stands as a tribute to the vision and care of its owners, offering a unique and enchanting estate that promises a life of beauty, comfort, and history. Awards to include: 1st Place, Virginia’s Builder’s Association, for single family renovations - 1989. Renovations were done by Hitt Contractors - Featured in Traditional Home Magazine, 1997- Featured on the front and back cover of Readers Digest Gardens, 1994 and 1995- Presented by the Virginia Garden Club, 1994. Home is conveniently located close to major commuting routes and the East Falls Church Metro.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1933
MLS Number
VAFX2163834
Location
Address
3059 CEDARWOOD LANE
City
FALLS CHURCH
State
VA
Zip Code
22042
County
FAIRFAX (NORTH)
Listing
Provider
Berkshire Hathaway HomeServices PenFed Realty, original listing
Name
Berkshire Hathaway HomeServices PenFed Realty
Phone
(866) 225-5778
Office Name
Berkshire Hathaway HomeServices PenFed Realty
Office Phone
(703) 716-2900
Agent Name
Nikki Lagouros

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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.