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102 Lawton Street
Falls Church, VA 22046
Albert Bitici with KW Metro Center, original listing - (703) 224-6000
$2,950,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
7026 Square Feet
Property Description
***Just Listed*** An exceptional custom-built trophy home with a private heated saltwater swimming pool and spa in prime downtown City of Falls Church. Just 350 yards from the brand-new Whole Foods on E Broad St, this meticulously designed 5-bedroom, 5.5-bathroom residence with two car garage, spans over 7,000 square feet of immaculately finished living space. Perfectly situated on an impeccably landscaped .3 acre lot, offering unparalleled luxury and convenience. The main level boasts impressive 10-foot ceilings, oversized 8ft custom doors, hardwood floors throughout and ceiling speakers for surround sound. A stunning family room provides coffered ceilings, a gas fireplace, and elegant crown moldings, with a perfect view of the private pool and spa. The designer chef’s kitchen is expansive, featuring an oversized central island with beautiful leathered granite, a walk-in pantry, and top-of-the-line appliances, including a Wolf range top, Wolf double ovens with a separate steamer, dual Fisher Paykel dishwashers, and a Sub-Zero refrigerator. A separate bar area, complete with an under-counter ice maker and wine cooler, is perfect for entertaining, especially with the adjacent screened-in porch featuring a double-sided gas fireplace and mounted flatscreen TV. Just off the screened-in porch lies one of the home’s most impressive features—a heated saltwater inground swimming pool with a spa, surrounded by a spacious paver pool deck offering ample room for lounging, outdoor dining, grilling, and cozy evenings around the fire pit. The formal dining room offers a sophisticated space for gatherings. A spacious main-level bedroom with an en-suite bathroom provides flexibility as either a guest suite or an executive office. Additionally, a well-appointed mudroom includes a washer and dryer, offering added convenience after a day by the pool, while easy access to a powder room and a large two car garage complete this level. The upper level is equally impressive, featuring a luxurious primary suite with a spa-like en-suite bathroom, dual walk-in closets, and a private screened-in porch overlooking the pool and backyard. Two additional generously sized bedrooms, each with en-suite bathrooms, and a second laundry room enhance the functionality of this level. The lower level offers abundant space, including a large recreation room with direct access to the pool, a guest bedroom with an en-suite bathroom, a fitness center spacious enough for a complete gym setup, and a large utility room. This home’s prime location ensures seamless access to shopping, dining, and the renowned Saturday morning farmers market. Outdoor enthusiasts will appreciate proximity to the WO&D bike path, while commuters will benefit from easy access to two Metro stations, Reagan and Dulles Airports, and major routes including I-66, I-495, Route 7, and Route 50. Additionally, the nearby Founders Row development will soon feature a movie theater, further enhancing the vibrant community experience. Don’t miss this rare opportunity to own one of the very rare trophy homes in downtown City of Falls Church. ***Open House - Saturday & Sunday 2pm-4pm***
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2012
MLS Number
--
Location
Address
102 LAWTON STREET
City
FALLS CHURCH
State
VA
Zip Code
22046
County
FAIRFAX (NORTH)
Listing
Name
Phone
(703) 224-6000
Office Name
Office Phone
(703) 224-6000
Agent Name
Albert Bitici
Agency Phone
(703) 224-6000

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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.