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4629 Holly Ave
Fairfax, VA 22030
$1,795,000
Conventional
Property
Bedroom
5
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Better than new construction, this 7-year-young custom beauty has what many new construction homes do not: a level, lush acre of land with mature landscaping and thick, leafy green grass and a mostly finished basement with a bit of customizable area, perfect for an exercise room and/or a media room (currently part of the unfinished area houses a greenhouse!). It appraised for $1,750,000 in 2022 and since then the numerous upgrades throughout the home simply add to its specialness. As a new house, it was built with top-notch design elements and materials, and in the past two years, more thoughtful work has been done. About $150,000 in upgrades which include designer lighting fixtures (the Murano glass chandelier over the kitchen table is stunning) and ceiling fans, refinished wood floors, a new paver front walk and repaved driveway, a top-of-the-line security system, the latest and greatest garage door openers, an EV charger, LED lightbulbs throughout and, last but not least, solar panels. Take the stunning custom craftsmanship of this beautiful home, add all of these recent upgrades from the past two years, and you have the perfect new home awaiting you. And unlike so much of the new construction in northern Virginia, this home has so much yard! You have a full front yard and an outfield of a backyard, a full acre of land and perfect outdoor spaces - an expansive front porch and a huge back deck - from which to enjoy the bucolic views. Inside the house, the outside streams in - sunny and bright throughout the day. The main floor is so welcoming, with spaces open and flowing, but with boundaries that create coziness. And the main floor Primary Suite and laundry room make this the perfect home in which to not do stairs if you don't want to! But you won't want to miss the three large ensuite bedrooms/bathrooms on the second floor (and the second laundry room), nor the Rec Room, wet bar with beverage fridge, entertainment zone, the fifth bedroom and fifth full bath that you will find in the basement. Full of design, details, finishes, upgrades, and room for life to unfold, this house is the perfect home. The perfect home in the perfect place in the acclaimed Woodson school pyramid. It is so close to everything, with easy access to major thoroughfares, shopping and dining, yet, when you are home, you will feel as though you live in a small rural community, where life moves slowly and you are rooted in your land. What's not to love? There is a ring doorbell in use.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
VAFX2178132
Location
Address
4629 HOLLY AVE
City
FAIRFAX
State
VA
Zip Code
22030
County
FAIRFAX (NORTH)
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Arlington
Office Phone
(888) 536-0216
Agent Name
Ellen G Heather

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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.