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9884 River Chase Way
Great Falls, VA 22066
Trent Heminger with Compass, original listing - (301) 298-1001
$3,749,000
Conventional
Property
Bedroom
6
Bathroom
Full: 6, ½: 2
Property Type
Conventional
Square ft
7876 Square Feet
Property Description
**1ST REDUCED PRICE OPEN SUNDAY 4/6 2-4PM - NEW REFRESHED & READY TO GO** Spectacular, custom Potomac River retreat on almost 6 gently sloping acres located at the end of a cul-de-sac of only three homes (not part of an HOA) adjacent to highly-coveted the Falcon Ridge neighborhood. First time on the market and only 11 years young, 9884 River Chase was designed & built for its owners by notable builder Jim Kennerknecht and acclaimed Monarch Custom Homes to exacting standards with no detail overlooked. Spanning four large yet well-scaled levels, this home incorporates almost 7,900SF of finished space and more than 4,000SF of unfinished - totaling almost TWELVE THOUSAND SQUARE FEET offering more opportunity for its new owner yet proves to be more than substantial as is. Carolina fieldstone welcomes visitors through an impressive center hall with large public rooms, hand hewn oak hardwood floors, high ceilings, custom casings, built-ins, deep crown/baseboard mouldings, oversized windows and doors, and many more upgrades that are to be expected in an offering of this caliber. Gorgeous honed marble kitchen with an oversized single-slab island, Wolf/Sub-Zero/Asko/Bosch appliances, adjacent pantry, butler's service bar & additional shelved food "closet" means this kitchen competes handedly. Wall of windows & glass doors open to elevated patio above the rolling hills overlooking the Potomac & Maryland beyond. Stone hearth & wood-burning fireplace in large family room make for a cozy atmosphere in an otherwise substantial home. Two opposing main level offices are perfect for today's working needs. Upstairs are 3 large bedroom suites each with attached full baths, laundry room, the upper level of the 2-story library/den, and the enormous, rear-facing primary suite with two attached full, spa-like baths, two walk-in closets, and bedroom with FP (one of 3 total). Finished, large attic level - currently a game/play area - offers bedroom space, half bath (changeable to full), built-ins & large closets. Lowest level has impressive custom wine cellar with reclaimed wood door & shelving, bedroom, full bath, and 45' indoor freshwater lap pool with wall of French doors that open to the loggia/covered stone terrace overlooking grassy, landscaped hills as they descend toward the water (with full ownership to 1' beyond the Potomac's shore). The RARE 2-level garage holds 5-6 vehicles (3 standard bays on main level; 1 back-to-front bay holds 2-3 on lower level) and includes a Tesla & additional car charging station...providing the auto collector's dream scenario. Ashley Elevators lift serves all 4 levels, 4-zone HVAC, tankless water heaters, whole-home generator, multi-zoned irrigation, upgraded pool room dehumidifier, possible transferrable warranties (inquire within) makes this home convey almost like brand new. With a 10-minute drive to Great Falls Village, 20 minutes to Tysons, 25 minutes to Dulles International Airport, 30 minutes to Downtown Bethesda and 35 minutes to The Kennedy Center, this impressive offering in an idyllic, river-side setting is still convenient to most of Metropolitan Capital Region. This is a truly unique, once-in-a-lifetime opportunity. Check out the property video...including drone aerial of property! SHOWN BY APPOINTMENT.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2013
MLS Number
--
Location
Address
9884 RIVER CHASE WAY
City
GREAT FALLS
State
VA
Zip Code
22066
County
FAIRFAX (NORTH)
Listing
Provider
Name
Phone
(301) 586-9236
Office Name
Office Phone
(301) 298-1001
Agent Name
Trent Heminger
Agency Phone
(301) 298-1001

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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.