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778 Johnston Court
Winchester, VA 22601
$1,600,000
Conventional
Property
Bedroom
5
Bathroom
8
Property Type
Conventional
Square ft
10500
Property Description
Discover the epitome of luxury and comfort in this unparalleled private estate, nestled within the serene highlands of Winchester City. This architectural masterpiece, an all-brick gem, sits proudly on a sprawling 1.37-acre double lot, surrounded by meticulously curated mature landscaping in a tranquil cul-de-sac setting. Spanning approximately 10,500 square feet across three well-appointed levels, this home is equipped with a rear-entry three-car garage, perfectly complemented by a captivating circular driveway. Housing 5 bedrooms along with 6 full and 2 half bathrooms, every inch of this residence exudes elegance and sophistication. Step inside to be greeted by the grandeur of a two-story marble foyer, accentuated by a dazzling Swarovski crystal chandelier, an elegant curved spiral staircase, and soaring vaulted ceilings that promise an air of majesty and grace. The residence's heart, a meticulously designed living room, is adorned with a cozy gas fireplace, exquisite crown molding, sparkling crystal light fixtures, and luscious maple flooring. Double doors open to a serene rear deck, offering breathtaking park-like views, ensuring a perfect blend of indoor and outdoor living. The residence boasts significant upgrades, including a brand-new roof and HVAC system as of January 2024, ensuring comfort and peace of mind for years to come. The gourmet kitchen, a true culinary haven, features striking “Cristallo” quartzite countertops with enchanting translucent lighting, alongside top-of-the-line appliances, a mirrored backsplash, and a wealth of storage options. The sun-drenched eat-in area, surrounded by curved floor-to-ceiling windows, seamlessly connects to the grand living room, creating an open, airy space for family gatherings. Luxury continues in the main level owner’s suite, a sanctuary of comfort with its walk-in closets, dressing area, and a lavish master bath complete with dual vanities, a soaking tub, and a separate shower. Ascend to the upper level to find additional bedrooms, each with en-suite bathrooms, and a versatile hobby room. The lower level transforms into an entertainer’s paradise with a kitchenette, living space, professional gym, wine cellar, game room, and an 8-seat theater room, recently updated (1/2024) for the ultimate cinematic experience. This estate doesn’t just offer luxurious living spaces but also emphasizes modern conveniences and amenities, including a 6-zone HVAC system for individual comfort control. Detailed craftsmanship shines throughout with Swarovski fixtures, crown molding, marble accents, and more, making every room a testament to luxury and design. Located in the prime Meadow Branch area, this magnificent estate is just minutes away from the Hospital, commuter routes, and city amenities, offering an unparalleled living experience that’s both secluded and connected. Don't miss the chance to own this one-of-a-kind luxury estate, where every detail is crafted for elegance, comfort, and the ultimate in high-end living.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
1998
MLS Number
VAWI2005216
Location
Address
778 JOHNSTON COURT
City
WINCHESTER
State
VA
Zip Code
22601
County
FREDERICK
Listing
Provider
Pearson Smith Realty, LLC, original listing
Name
Pearson Smith Realty, LLC
Phone
(571) 386-1080
Office Name
Pearson Smith Realty, LLC
Office Phone
(571) 386-1075
Agent Name
Brock Harris

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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.

Free Foreclosure Listings

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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.