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856 Jaysmith Street
Great Falls, VA 22066
Joe Facenda with RE/MAX Gateway, LLC, original listing - (703) 652-7000
$1,450,000
Conventional
Property
Bedroom
5
Bathroom
Full: 3
Property Type
Conventional
Square ft
4250 Square Feet
Property Description
OPEN SUNDAY FEBRUARY 2, 1PM-3PM - Light filled luxury set on a private .70 acre lot at the end of a quiet street...Main level features a remodeled kitchen with black granite counters, gas cooking and space for a small table. Plenty of cabinet space. A bay window overlooks the front yard. Brand new wall oven.....Living room with crown molding.....Separate dining room with chair rail and crown molding........And off the dining room is a most inviting SUNROOM WITH 10 COLUMNS OF WINDOWS overlooking the rear yard. The sunroom is serviced by a split system heat pump....Off the sunroom if the rear screened porch and off the rear screened porch is both the rear deck and the side screened porch with a porch swing. 2 SCREENED PORCHES AND A PRIVATE DECK. Plenty of places to relax....The sunroom and both screened porches have ceiling fans,....All rooms on the main level have hardwood flooring.... Technically this a 5 level home but it lives like a 3 level home. There are just 3 steps between the main level and the family room level and 3 steps between the primary bedroom sitting room and the primary bedroom and bath.....So the main level steps down to the huge family room with a brick front gas fireplace, recessed lighting and a ceiling fan....Off the family room are glass French doors leading to an office with built in bookshelves and desk. Counters are granite..... Also OFF THE FAMILY ROOM IS A 5TH BEDROOM AND FULL BATH.....Upstairs are 4 bedrooms and 2 full baths....BOTH BATHS HAVE JETTED TUBS....In the primary bedroom is a sitting room with 3 few steps up to the spacious bedroom. Half wall between the bedroom and sitting room has built in drawers.......The primary bath has both a soaking tub and a separate shower plus a private toilet room. Exquisite, CUSTOM DESIGNED WALK IN CLOSET....The 2nd bedroom also has a walk in closet....On the lower level is a huge rec room with brand new LVP flooring...The rec room is walk out.....TWO ATTICS with pull down stairs - one in the garage and one in the sitting room off the primary bedroom....This one of the few Hickory Creek homes with gas heat..... Did you lose power during this recent cold snap? No worries here with a BACK UP GENERATOR.....While the furnace and CAC are one system, there are 2 thermostats so the temperature for the upper level can be set differently than the lower level....Entire interior just painted....Jaysmith is NOT A THRU STREET and 856 is at the very end so no traffic in front of the home.....Langley school pyramid.....Must see....Floor plan in the virtual tour.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1978
MLS Number
--
Location
Address
856 JAYSMITH STREET
City
GREAT FALLS
State
VA
Zip Code
22066
County
FAIRFAX (NORTH)
Listing
Name
Phone
(703) 652-7000
Office Name
Office Phone
(703) 652-7000
Agent Name
Joe Facenda
Agency Phone
(703) 652-7000

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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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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.