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4054 41st Street N
Mclean, VA 22101
$8,000
Conventional
Property
Bedroom
6
Bathroom
4
Property Type
Conventional
Square ft
5100
Property Description
Nestled just one stop light away from DC, this home is in the prestigious Chain Bridge Forest neighborhood and boasts both prime location and tranquility. It provides 6 bedrooms, 3.5 baths and over 5,000 square feet of living space overlooking a protected ravine and creek with trail access to a 7.8-mile walking path along Pimmit Run which connects to the Potomac River. The expansive windows and glass doors on all three levels flood the home with natural light while the open floor plan and welcoming foyer are perfect for entertaining. The main level continues into a sizable living area with a cozy wood-burning fireplace, a formal dining area, as well as a home office that is large enough to be used as an additional bedroom. The oversized primary suite on the upper level contains two balconies, allowing you to enjoy the natural settings and could be separated to create a 7th bedroom. There is an expansive en-suite bathroom and dressing area with dual vanities and a separate tub and shower. Two more bedrooms, including one with a balcony, a full bath, and a cedar lined closet complete the upper level. The lower level contains two additional bedrooms, a generous living space with its own wood-burning fireplace, and full walk-out access to the back yard. A kitchenette, full bathroom and laundry room complete this lower-level offering flexibility for rental opportunities or as a multi-functional suite. This residence is move-in ready or awaits your personal touch. Recent upgrades (2023) include: roof, water heater, HVAC main level, carpet in lower-level bedroom, sink, dishwasher, garbage disposal, and misc. painting and repairs. The home feeds into the McLean High School pyramid. Enjoy the best of a quiet, community-oriented lifestyle with easy access to urban amenities, parks, and cultural areas.
Property Information
Lot Size
-- square ft
Property Type
Rental
Year Built
1973
MLS Number
VAFX2178480
Location
Address
4054 41ST STREET N
City
MCLEAN
State
VA
Zip Code
22101
County
FAIRFAX (NORTH)
Listing
Provider
Keller Williams Realty McLean/Great Falls, original listing
Name
Keller Williams Realty McLean/Great Falls
Phone
(703) 636-7300
Office Name
Keller Williams Realty
Office Phone
(703) 636-7300
Agent Name
Mr. Karl Lotspeich

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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.