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526 Springvale Road
Great Falls, VA 22066
Jenny Canales with Redfin Corporation, original listing - (866) 825-7169
$1,600,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3555 Square Feet
Property Description
You can just spring forward into your dream home. Are you dreaming of life in the exclusive community of Great Falls? Your wish is granted! This stunning contemporary home perfectly blends modern elegance, comfort, and functionality, offering you a unique opportunity to be part of this prestigious neighborhood. At first glance, its modest exterior belies the expansive three-level layout within. Step inside to discover over 3,800+ sf, featuring 5+ bedrooms, soaring ceilings, and an airy, light-filled design that makes every space warm and inviting. Unique features such as skylights and second-story windows bathe the home in natural light, highlighting the modern kitchen with an oversized waterfall island, dark cabinetry, and a seamless flow into the charming family room, with a wood fireplace highlighting the picturesque views of the private backyard. The formal living and dining areas feature cathedral ceilings, creating a refined yet intimate ambiance perfect for entertaining. A versatile loft space, which overlooks the living room, can be used as an additional bedroom, a workspace for your creative endeavors, or a relaxing hideaway for your personal time. Crafted as a private retreat, the first-floor primary suite features an ensuite bath with double sinks and a spacious walk-in shower. The walk-in closet does not disappoint. Offering endless possibilities, the versatile lower level features a walkout to the backyard, with a spacious rec room, two well-sized bedrooms, and a full bath, allowing you to customize the space to fit your family's needs. Outside, the multi-level deck invites you to relax in the tranquility of a private backyard oasis. Whether hosting summer gatherings, enjoying morning coffee, or unwinding under the stars, this home offers the perfect setting for seamless indoor-outdoor living in a tranquil and private setting. Smart home technology. Beyond the house itself, Great Falls provides an unparalleled lifestyle. Served by Fairfax County Public Schools, including the highly rated Langley High School, the area also boasts prestigious private options like The Madeira School and Georgetown Prep. Just minutes away, Great Falls Park provides breathtaking hiking trails, waterfalls, and scenic overlooks along the Potomac River. Equestrian enthusiasts will appreciate the nearby horse farms and riding trails, adding to the area's rural charm. The Great Falls Village Centre is the heart of the community, offering boutique shopping, fine dining, farmers' markets, and local events that foster a welcoming, close-knit atmosphere. With its convenient location near Tysons Corner, Reston, and Washington, D.C., commuting is effortless, thanks to easy access to Route 7, I-495, and Dulles International Airport. This prime location ensures that all your daily needs are within easy reach, making your life more convenient and enjoyable. Experience this exceptional Great Falls home's refined elegance, generous space, and prime location. Schedule your private tour today!
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1978
MLS Number
--
Location
Address
526 SPRINGVALE ROAD
City
GREAT FALLS
State
VA
Zip Code
22066
County
FAIRFAX (NORTH)
Listing
Name
Phone
(703) 499-0111
Office Name
Office Phone
(866) 825-7169
Agent Name
Jenny Canales
Agency Phone
(703) 665-6665

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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.