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35a Elsiragy Court
Mclean, VA 22102
$10,000,000
Conventional
Property
Bedroom
7
Bathroom
12
Property Type
Conventional
Square ft
22332
Property Description
M&A Custom Homes a Master Builder presents it latest Handcrafted estate home. Home will be completed 12 months after ratified contract. You will find the quality and features like no other. From the moment drive up. There is a beautiful Custom-made hammered Metal front door with glass panes that opens, the stone and custom brick on all sides with precast jack arches over the Marvin architectural series windows as well as the slate roof and stately chimneys adds to the Handsome look. This is no ordinary home, it is a true luxury estate home. As you drive in to this estate through the gated entrance on Old Dominion and come down the long driveway of the finely landscaped 3+ acre lot - home also boasts a huge patio with luxurious pool and pool house as well as an outdoor kitchen. As you enter the home, you will find a huge marble foyer that backs to a grand two story great room with plaster molding and opens to the upper level with a covered porch that has an outdoor kitchen and overlooks the pool. On one side of the grand foyer, you will find an embassy sized dining room with an exquisite mason fireplace with grand plaster details. The floors are black walnut with accent inlays and a chambered crystal chandelier. Off the living room is the stair hall with grand black walnut staircase and walls of glass. Then is the library with mahogany built-in book cases. Just outside the library is a service bar with copper sink, the family powder room and a 1st floor mini master bedroom and bath with Jacuzzi tub and separate shower. As you go to the family side of the main level, you will know that this is like no other home that you have ever seen. The grand kitchen with 12-piece crown molding and built-in espresso machine. Off of one of the two center islands there is a 60-inch Wolf Range with double ovens (that includes a griddle and a pot filler water tap), two hammered copper farm sinks, two Miele dishwashers and the center island has a built-in microwave. The cabinets are all custom made with lots of added features and detail you will love. The well-thought-out layout allows multiple people to work in the kitchen at the same time. The kitchen allows for dining in or walk out to the outdoor kitchen. You will also find a main level living room, a mud room, service entrance, and back stairs off the kitchen. As you go to the upper level, you find 5 bedrooms including 4 secondary bedrooms, all with walk in closets and in-suite baths, as well as tray ceilings in each. As you enter the master bedroom, you find the generous seating area with plaster molding. Between the bed area and the sitting area, you have a three-sided fireplace and tray ceiling in both. The three walk-in closets have beautiful molding one with center island and all with cabinet built-ins. There is even a morning kitchen with a beverage fridge and sink. The closets will satisfy even the most demanding buyer. The master bath with marble floors, a two-person spa and a shower with Kohler computer-controlled body sprayers. There are two water closets with bidets and toilets. There is his and hers sink areas and hers comes with a makeup vanity. On this level is a generous sized laundry room. There is also a fourth level, with a 5th bedroom suite. The lower level with ten-foot ceilings is finished with the same high level of finish as on the main. There is a Seventh bedroom suite. The recreation room has a mason fireplace with gas. There is a bar with full refrigerator, microwave and sink, and wine cellar. There is a full exercise room with glass and mirrored walls and rubber floor and its own spa bath with steam shower and sauna. The media room has three levels of viewing for lounge chairs and detailed molding. ** STILL TIME TO CUSTOMIZE**
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2024
MLS Number
VAFX2098142
Location
Address
35A ELSIRAGY COURT
City
MCLEAN
State
VA
Zip Code
22102
County
FAIRFAX (NORTH)
Listing
Provider
CASEY MARGENAU FINE HOMES AND ESTATES INC, original listing
Name
CASEY MARGENAU FINE HOMES AND ESTATES INC
Phone
(703) 851-2600
Office Name
Casey Margenau Fine Homes and Estates LLC
Office Phone
(703) 851-2600
Agent Name
Casey Margenau

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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.