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436 Springvale Road
Great Falls, VA 22066
$2,790,000
Conventional
Property
Bedroom
6
Bathroom
9
Property Type
Conventional
Square ft
10794
Property Description
Nestled on five acres in Great Falls, this 6-bedroom estate is a masterpiece of luxury living. With elegant finishes, 12 fireplaces, gourmet kitchen, two spacious primary suites, multiple entertainment areas, and a convenient location, this home is a true gem. This home has 3 finished levels with over 10,000 sf, all ensuite bedrooms, multiple staircases, office/library, 4 car garage, circular driveway, an elevator-ready shaft and more. All in a convenient location near Great Falls Village, Tysons Corner, Reston Town Center and Dulles Airport. This custom home has been designed to incorporate the rich architectural details prevalent in homes throughout the surrounding neighborhood. The home features traditional high ceilings on all levels, hardwood floors, columns, transoms and arches. There are 6 bedrooms, 6 full baths, 3 half baths. The circular drive fronts onto an inviting front portico. Step through the entry into a foyer with a large split stairway perfect for prom photos. The adjacent living room welcomes you with enough space for visiting in front of the gas fireplace. The bright and open kitchen has counter space for many chefs along with a breakfast area, fireplace and double door to the terrace. The dining room with its sparkling chandelier is the perfect place to linger over memorable meals. This family room will fit all your guests and includes a fireplace and bar. The main level primary bedroom with ensuite bath and sitting area with fireplace is perfect for in-laws. The office/library overlooks the wooded rear yard and has a fireplace. A separate entrance hall / mud room and laundry room provide many storage options leading out to the side load 4-car garage with room for all your toys. The upper level has 4 ensuite bedrooms, laundry room and 2 balconies along with an additional family room/study. The owner’s retreat has a cozy sitting area with fireplace and balcony. The spa bathroom has a soaking tub, dual vanities, fireplace and walk-through shower. The custom closet is 15’ x 18’ with a window bench and space for an immense wardrobe. Step onto the massive terrace and relax! Room for sitting, dining, and grilling with views of the woods. Steps lead down to the side of the home. Under the terrace, double doors lead inside to the lower level where you will be ready to entertain! The game room and bar have plenty of windows. The large custom wet bar, fridge, ice machine, wine closets and fireplaces make this the perfect place to hang out. The lower level also has a large ensuite bedroom, an exercise/gym/area, a media room, a sauna-ready room (drain in place) and a much storage.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
VAFX2169854
Location
Address
436 SPRINGVALE ROAD
City
GREAT FALLS
State
VA
Zip Code
22066
County
FAIRFAX (NORTH)
Listing
Provider
Tranzon Fox, original listing
Name
Tranzon Fox
Phone
(703) 539-8111
Office Name
Tranzon Fox
Office Phone
(703) 539-8111
Agent Name
Jeffrey Stein

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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.