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3810 Colonial Avenue
Alexandria, VA 22309
$1,175,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
4746
Property Description
Welcome to 3810 Colonial Avenue, a stately home with over 4,300 square feet of beautifully finished living space. With 6 bedrooms, 4 full baths, three living rooms, two sun rooms, a deck and a 2-Car side-loading garage, this property has all the bells & whistles that today’s buyer is seeking. Special features include a two-story entrance foyer, high-ceilings, 3 Gas Fireplaces, a fully finished walk-out basement & generous room sizes on all three levels. The main level features a spacious chef’s kitchen with breakfast area, adjoining great room, formal dining room, elegant living room, laundry center, sun room and deck. A main level bedroom and full bath complete the spacious layout. Upstairs, the expansive primary suite has vaulted ceilings, a private sitting room, a 2-sided gas fireplace with marble surround, enormous walk-in closets and a stunning spa-like bathroom. There are three additional large bedrooms and a full bath on this level. The fully finished lower level features a sprawling recreation room with gas fireplace and a large bedroom with full bath that would be an ideal quiet retreat for guests, a caregiver or a sound-proof office. The options are limitless. Additionally, on this level, there is a large workout/hobby room with tons of storage space and a screened- in porch that overlooks the beautiful back yard and parkland. The lower level walks out to a beautiful spa-sun room for year-round outdoor enjoyment. This home offers tremendous opportunity for flexible & comfortable living. The floorplan was designed to accommodate a sizeable household with myriad options for living, working, playing and entertaining under one roof. Don't miss this beautiful home, located just one mile from Mount Vernon Estate, Fort Belvoir, the beautiful George Washington Parkway and the Potomac River.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1999
MLS Number
VAFX2171432
Location
Address
3810 COLONIAL AVENUE
City
ALEXANDRIA
State
VA
Zip Code
22309
County
FAIRFAX (SOUTH)
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(703) 229-8935
Agent Name
MaryEllen Rotondo

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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.