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7514 Salem Road
Falls Church, VA 22043
Sarah Kaplan with RE/MAX Allegiance, original listing - (703) 237-9500
$1,100,000
Conventional
Property
Bedroom
4
Bathroom
Full: 3
Property Type
Conventional
Square ft
3608 Square Feet
Property Description
WOW! TALK ABOUT A FIND! Welcome home to this well-maintained, VERY cherished, and conveniently-located brick and vinyl siding colonial-style single-family house in the heart of Falls Church with no HOA. Peacefully situated on roughly 0.43-acre, the spacious single-family home boasts roughly 3,600 square feet across 2 floors and includes 4 bedrooms and 3 full bathrooms with hardwood floors, LVP, and a layout that is perfect for both entertaining and having intimate and memorable moments. ******* Where to go first! Traveling upstairs you are welcomed by an ABUNDANCE of natural sunlight thanks to the huge front bay window and soaring 13” vaulted ceilings in the spacious living room (19’x 16”8’). Overlooking a beautiful tree that politely provides the perfect amount of privacy while still showering the living room with natural sunlight, the living room also includes a traditional molded wood-burning fireplace that could easily be converted to gas and that adds a touch of elegance to the space. ******* The living room naturally flows into the dining room with built-in cabinets, but a special treat is just past the French doors where you will enter a gigantic sunroom (27’3” x 11”) that has so many uses with a personal favorite use of the space by the homeowners as a sitting area and light-filled home office. The updated eat-in kitchen with gas cooking and newer appliances has a front row seat to the tranquil and expansive backyard where you can enjoy a variety of wildlife. ******* Walking in the opposite direction, you will encounter an updated full bathroom with a skylight, and then 3 large bedrooms, including your first primary bedroom option. The upstairs primary bedroom (15’8” x 13’) includes an en-suite bathroom with a double vanity. ******* Traveling downstairs you will realize that it is difficult to decide which level you will enjoy more! The basement includes a wet bar with a dishwasher (as-is) that opens up to a large recreation room that has 2 walls of built-in bookcases with adjustable shelves to further prove the functional free-flowing floor plan, both areas feed into the family room that has a very cozy wood-burning brick fireplace and expansive mantel. Also nice to have is a built-in cabinet in the family room that has space for a huge TV. ******* Now, before moving onto the basement primary bathroom and bedroom (4th bedroom), don’t forget to check-out the storage under the stairs that includes safes that convey, or the over-sized garage (26’6 x 11’) that just received VIP treatment and that has space for a workshop table and additional shelves along with a working heater (as-is). For your convenience, you can access the downstairs primary bathroom from either the hall or the bedroom itself, however if you decide to take the hall entrance, you will be treated to a custom-made door with a stain glass insert that flawlessly harmonizes with the entire theme and aesthetic of the bathroom. The stunning floor tile matches perfectly with the custom tile work throughout the bathroom that features a standing shower, two separate vanities, and jetted tub – perfect for those long, stressful days. The massive bedroom (15’7” x 15’4”) itself is large enough to have a sitting area, and the walk-in closet is nothing to snuff at with plenty of closet and storage space (12’3” x 10’7”). ******* Accessing the backyard is easy, and enjoying it is even easier! With an expansive back patio that spans almost the entire length of the house, you can easily have a grill, 8-person table, and a sitting area with a fire-pit! The options are endless with the amount of additional land in the backyard if you decide to expand. ******* The home is very convenient to many major hot spots and roads such as Rt. 29, Shreve Rd, 66W, 66E, Rt. 7, the City of Falls Church, the Mosaic District, Tysons Corner, West Falls Church Metro Station, and W&OD Trail. USA Today TOP Schools: Marshall HS, Kilmer MS, Shrevewood ES
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1961
MLS Number
--
Location
Address
7514 SALEM ROAD
City
FALLS CHURCH
State
VA
Zip Code
22043
County
FAIRFAX (NORTH)
Listing
Name
Phone
(703) 824-4800
Office Name
Office Phone
(703) 237-9500
Agent Name
Sarah Kaplan
Agency Phone
(703) 237-9500

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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.