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4825 Dexter Terrace Nw
Washington, DC 20007
Victor Maddux with Compass, original listing - (301) 298-1001
$11,995,000
Conventional
Property
Bedroom
8
Bathroom
Full: 8, ½: 2
Property Type
Conventional
Square ft
13391 Square Feet
Property Description
POOL PLANS APPROVED - CONSTRUCTION TO BEGIN SHORTLY. IN PROCESS OF STAGING WITH RENOWNED WASHINGTON DESIGNER ALLY BANKS. Sited amongst the serene vistas of Battery Kemble Park, the trails of Glover Archbold Park, and just minutes from the heart of Georgetown, this eight-bedroom, nine full-bath and two-half-bath Tudor has undergone a custom, comprehensive renovation over the past two years. From the captivating foyer, where imported Italian black and white tiles meet soaring 12-foot ceilings, to the handcrafted casings around regal windows, archways, and doors, surprises await at every turn. The property offers both privacy for personal gatherings and the capability for large-scale entertaining. Its design incorporates both classic European features and modern amenities, including Waterworks fixtures, Visual Comfort lighting, a Lutron lighting system, an exterior video security system, five custom marble fireplaces, and six balconies throughout. An exquisite curved staircase and reception room allow owners and their guests to flow through elegant archways to refined living spaces. At the heart of the main level, a bespoke dual-sided fireplace acts as a focal point, connecting the formal living room to a distinguished parlor. This room boasts a luxurious hardwood, wrap-around wet bar, complemented by two full-sized Sub Zero wine refrigerators. The grandeur extends outdoors with four sets of French doors that open to a sprawling terrace and an expansive lawn, creating an idyllic setting for hosting grand events and countless guests. Orchestrate unforgettable evenings in the formal dining room, where a Cathedral ceiling, Herringbone floors, period windows, and custom shelving, add elegance and warmth. A butler’s pantry leads to a commercial-grade kitchen featuring custom Farrow and Ball painted cabinetry, a Lacanche range, a state-of-the-art dual SUBZERO refrigeration system, including a full-sized wine refrigerator, waterworks fixtures, and an expansive island topped with Calacatta marble. French doors open to a covered Veranda, where open-air dining and majestic views intertwine. Stay tuned for updates and additional photos as we complete these exciting improvements!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
4825 DEXTER TERRACE NW
City
WASHINGTON
State
DC
Zip Code
20007
County
WASHINGTON (NW)
Listing
Provider
Name
Phone
(202) 491-1275
Office Name
Office Phone
(301) 298-1001
Agent Name
Victor Maddux
Agency Phone
(301) 298-1001

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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.