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4826 Maury Lane
Alexandria, VA 22304
Alex Wilson with Gateway Properties, Inc., original listing - (703) 491-1818
$2,899,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 3
Property Type
Conventional
Square ft
8733 Square Feet
Property Description
A one in a lifetime opportunity to own a truly unique and elegant custom home. This beauty was built in 2004 with no expenses spared. You will experience the quality and elegance as soon as you pull into the massive circular paver driveway. Boasting almost 9000 finished sq feet, this home is designed for the highest standards of living and exquisite hosting. You enter the front door into a 25' high ceiling foyer laid out with marble floors, custom painted pillars and rooms by the renowned Maggie O'Neil. A fully mahogany covered office sits off of the foyer. Follow into a large living room encompassed in a coffered ceiling with an even larger great room extending off the rear. A full gourmet kitchen with a 60" sub zero refrigerator and 48" Thermador range sit at the ready to handle any meal you can imagine. Of of the breakfast nook, you step into a fully covered stone patio with a built in fireplace, overlooking a fully private wooded 1 acre lot. A couple steps down lead you to multiple stone terraces for countless gathering spaces, both covered and exposed. Looking for a true primary bedroom suite, this home has it. Huge primary bedroom, with multiple fully built-in walk in closets and a Greek inspired bathroom w/ soaking tub surrounded by windows and a separate walk in shower. 2 Large en-suites take up the remaining upper floor. Take the elevator down to lower level where you have a fully equipped bar and multiple entertainment rooms, another en-suite, tons of storage and walk out to yet more beautifully private stone terraces. Sitting over 1 of the 2 oversized 2 car garages lies a separate en-suite. Too many extras and amenities to list! This home is truly one of a kind and it will not last long.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2004
MLS Number
--
Location
Address
4826 MAURY LANE
City
ALEXANDRIA
State
VA
Zip Code
22304
County
ARLINGTON
Listing
Provider
Gateway Properties, Inc., original listing
Name
Phone
(703) 530-1830
Office Name
Office Phone
(703) 491-1818
Agent Name
Alex Wilson
Agency Phone
(703) 491-1818

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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.