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2226 King Street
Alexandria, VA 22301
$3,695,000
Conventional
Property
Bedroom
7
Bathroom
7
Property Type
Conventional
Square ft
5814
Property Description
The epitome of elegance and modern comfort crafted by Bluestone Builders. Indulge in the extraordinary. This home is situated on a 9,000 sq ft lot and has 7 bedrooms, 6.5 bathrooms, ELEVATOR and ROOF DECK. Welcomed by a lighted staircase, covered porch and beautiful entry foyer. Enjoy a functional layout and unique floor plan offering open living spaces for entertaining or quiet family weekends at home. Guests are welcomed to a spacious entry foyer and open light-filled main level. The main level layout offers so many options: main level bedroom with full bath OR home office; formal dining room or den/ study; breakfast, or, casual family room ... multi-functional! The kitchen boasts an oversized island, Sub Zero refrigerator, pot filler, drawer microwave, Italian stove. To include ample counter space and storage. Adjoining breakfast area / family room enjoys a double sided gas fireplace with the living room. Beautiful sets of French doors open to the custom bluestone patio. Al fresco dining and entertaining is easy with the outdoor kitchen: built-in grill and beverage refrigerator. Enjoy evenings by the fire table in the shadow of the illuminated Masonic Temple and unwind to the gentle sound of the water feature. There is a rear entry into the kitchen as well as a side entry to a mud room with built-ins and a convenient half bath. There is an elevator from the Basement level to the 3 upper levels. The primary suite is a retreat with vaulted ceilings, walk-in closet and second closet space, spa-like bathroom with soaking tub, oversized shower and double vanity. Two bedrooms share Jack & Jill bath. A fourth bedroom has an en-suite bath & vaulted ceilings. Laundry room is on the primary bedroom level. The third level with full bath is versatile: it is the perfect party room with staircase to roof deck or a bedroom suite! The open staircase leads to a ROOFTOP deck with panoramic views of the DMV! The perfect spot for fireworks or rooftop beverages overlooking the city! Finished lower level has 9’ ceilings, a recreation room which can easily accommodate a pool table, large sectional, game table-ideal for hosting gatherings or movie nights. The walk-in pantry could also be outfitted to be a wine cellar! The au pair suite with exterior entrance and natural light can also function as a work out room or home office- there is a full bath as well. The house has 4 zones of HVAC for each floor. Alley access and 4 off-street parking spaces . ADU above garage OR garage are OPTIONS available. Convenient to King St Metro, shops and restaurants in Old Town & Del Ray.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1939
MLS Number
VAAX2030760
Location
Address
2226 KING STREET
City
ALEXANDRIA
State
VA
Zip Code
22301
County
ARLINGTON
Listing
Provider
Weichert, Realtors, original listing
Name
Weichert, Realtors
Phone
(703) 549-8700
Office Name
Weichert, REALTORS
Office Phone
(703) 549-8700
Agent Name
Christine Garner

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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.