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9641 Georgetown Pike
Great Falls, VA 22066
$11,800,000
Conventional
Property
Bedroom
8
Bathroom
13
Property Type
Conventional
Square ft
24000
Property Description
Welcome to a realm where elegance, craftsmanship, and globally renowned design converge to create the extraordinary haven of Château de Lumière. This amazing home was meticulously designed and built by The Building Group, with uncompromising finishes and flawless details. Inspired by the finest traditions of European architecture, with over 20,000 square feet, it is prominently positioned on 5.5 fully secured, secluded acres with mature gardens. Unveil a world of uncompromising finishes, impeccable details and prestigious materials such as custom brick, cast stone, slate roofing, glass mosaics, plaster molding and imported marble. This residence has state-of-the-art electronics that enhance every corner, ensuring a lifestyle of modern sophistication that transcends expectations, meeting every contemporary desire with a floor plan ideally suited for both family living and grand-scale entertaining. The Main-Level with 12-foot ceilings has a grand and welcoming Foyer and Gallery. There is also a gracious and expansive Living Room, Dining Room, Library, Ball Room, Bar and a luxurious Bedroom with Bath. At the heart of the home is a luxurious Chef’s Kitchen with the finest custom cabinetry, appliances, fixtures, a Spice Kitchen and gorgeous Family Room. The Upper-Level expansive Owner’s Suite is privately positioned with sweeping views of the pool and gardens. There are also 4 additional generous ensuite Bedrooms. The walk-out Lower-Level is spectacular and includes a Recreation Room with fireplace, Billiards Room, Bar & Wine Rooms, Theater Room, Spa, Club Room, Massage Room with Sauna & Bathroom and a private Guest Room with Sitting Area and Bath. Elevating the Lower-Levels allure is an Indoor Basketball Court with almost 16-foot ceiling! The property includes a 6 car garage with a detached Guest Apartment above the 3 car garage. The lush formal landscaping transcends the ordinary with a sparkling pool and encircling fire bowls harmonizing the elements of fire, air and water. This monumental estate, situated just beyond the bustling city of Washington, D.C. in the prestigious Great Falls, Virginia, is a testament to opulence and grandeur.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
2017
MLS Number
VAFX2154584
Location
Address
9641 GEORGETOWN PIKE
City
GREAT FALLS
State
VA
Zip Code
22066
County
FAIRFAX (NORTH)
Listing
Provider
Washington Fine Properties LLC, original listing
Name
Washington Fine Properties LLC
Phone
(202) 944-5000
Office Name
Washington Fine Properties, LLC
Office Phone
(703) 317-7000
Agent Name
Piper Yerks

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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.