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1009 Madison Lane
Falls Church, VA 22046
JD Callander with Weichert, REALTORS, original listing - (703) 760-8880
$2,499,900
Conventional
Property
Bedroom
7
Bathroom
Full: 5
Property Type
Conventional
Square ft
7001 Square Feet
Property Description
*OPEN HOUSE Sun, 4/6 2-4pm!* **STUNNING** and **GORGEOUS** 7 BR/5 BA updated Victorian home built in 2008 with over 7000 square feet in the heart of Falls Church City! This home offers 5 levels of living space with beautiful rosewood floors, high ceilings, crown molding throughout, and tons of natural light. Stepping inside the foyer, you are greeted with a grand staircase and soaring ceilings. The expansive living room offers built-ins, a wall of windows, and French doors that access a full wrap around porch. The adjacent bedroom/office to the right of the foyer offers the perfect space for a main-level bedroom featuring ample room, large windows that fill the space with natural light, and an adjoining full-size bathroom complete with a sleek frameless shower and first floor laundry. The chef’s kitchen, fully updated with an island, pendant lighting, ample cabinet and pantry space, and stainless-steel appliances. Adjacent to the kitchen is a lovely expansive dining area with a wall of built-ins and sliding door that accesses the back part of the wrap around porch area which has a breezeway to access the two car garage. The upper level features a spacious primary bedroom suite with an adjacent sitting room having access to a private balcony overlooking the front yard. Master bedroom includes two walk-in closets, primary bath with double sinks, and a huge walk-in shower (for two!). Additionally, there are two additional second floor bedrooms with walk-in closets, a lovely updated hall bathroom and a second laundry room. Completing this level is a huge private library/office area/6th bedroom with a vaulted ceiling, two walls of built-ins, two walk-in closets for storage and access to a separate rear deck of the home overlooking the secluded backyard. The second upper level boasts a spacious family room, a versatile art studio or office in the turret, a convenient wet-bar/kitchenette, a full-size bathroom, a bedroom with a large walk-in closet, and a third laundry area. This level offers an ideal private retreat, perfect for in-laws or guests. The fifth level is a functional area with tons of built-in shelving space—perfect for a home game room or art studio. The lower level features a large recreation room with built-ins, a seventh bedroom, exercise room area and full-size bath. This beautiful home showcases all the Victorian characteristics, with intricate millwork, towering windows, stained glass windows, and an inviting wraparound porch that invites you to relax and enjoy the charm of this timeless home. A private flagstone patio, surrounded by lush greenery and vibrant plants, creates a perfect spot for relaxation. Whether you’re entertaining guests on the porch/patio or simply enjoying a quiet afternoon, the outdoor spaces provide the perfect backdrop for any occasion. This extremely energy efficient home is constructed with structured insulated panels and Hardie Plank siding while featuring radiant floor heating for all floors supported by a gas Rinnai tankless water heater. Two UNICO high velocity systems supply air conditioning throughout the home with each also being outfitted with electric heating units as a backup heating option. The backyard boasts a large shed and the the exterior was recently painted. Close to W&OD trails, Falls Church metro, and walkable to shopping and dining. Falls Church City Schools!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2008
MLS Number
--
Location
Address
1009 MADISON LANE
City
FALLS CHURCH
State
VA
Zip Code
22046
County
FAIRFAX (NORTH)
Listing
Name
Phone
(703) 760-8880
Office Name
Office Phone
(703) 760-8880
Agent Name
JD Callander
Agency Phone
(703) 760-8880

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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.