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620 Rivercrest Drive
Mclean, VA 22101
$8,997,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
12548
Property Description
Welcome to this exquisite Riverfront Gem - Immerse yourself in the serene and lavish lifestyle offered by this contemporary masterpiece, showcasing breathtaking views of the wide expanse of the river. Designed for refined living on the water, this property ensures the utmost privacy and luxury. Created by the esteemed Apex Homes, renowned for their award-winning designs, this residence boasts every imaginable amenity. From dawn till dusk, revel in the sun's warm embrace as it casts majestic reflections upon the Potomac River, while you unwind in the covered Cocktail Pool. Rest assured with gated security, a heated driveway, and a spacious motor court. The sophisticated grand Foyer welcomes you with ten-foot custom double iron doors, soaring ceilings, and an open floor plan adorned with expansive windows and glass walls that provide unparalleled views of the River. The state-of-the-art gourmet Kitchen is equipped with top-of-the-line appliances, sleek custom cabinets with glass accents, and a sizable island featuring Italian porcelain, creating an opulent cooking experience. The Morning Room offers priceless panoramas of the River, and the Great Room showcases a 75'' double-sided fireplace and retractable glass doors leading to the Terrace. This seamless integration of indoor and outdoor spaces sets the stage for entertaining loved ones or enjoying quiet moments of relaxation amidst the beauty of nature. Indulge in the formal Dining Room, where a climate-controlled Wine Showcase, encased in Italian porcelain, houses an exquisite collection. The Main Level Owner's Suite is a tranquil retreat, featuring a vaulted ceiling, a double-sided fireplace, and floor-to-ceiling glass windows overlooking the Potomac. Two walk-in closets provide ample storage, while the spa-like Bath invites you to unwind with radiant floors, a jet tub, a steam shower equipped with aromatherapy, music, and chromotherapy, double vanities with backlit mirrors, and even a wine fridge. The Main Level also includes a private study, a formal Powder Room, and a designer Laundry Room. Ascend to the Upper-Level landing, which offers a vantage point over the Great Room. Here, you'll discover four generously sized Bedrooms and three Baths, ensuring comfortable accommodations for family and guests. The Lower Level promises an unforgettable entertainment experience, boasting 11-foot ceilings throughout. Delight in the large Media Room and the Recreation Room, complete with a custom Wet Bar and a sliding glass door leading to the private covered cocktail pool, featuring therapy jets and heating for year-round enjoyment. With a whole-house generator and "smart home" capabilities, every aspect of this estate has been meticulously designed. The Garage includes an Electric EV power station, catering to your modern needs. No detail has been overlooked, resulting in a truly unique living experience that must be witnessed firsthand. Escape to your own private sanctuary and embrace the epitome of luxury living.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2020
MLS Number
VAFX2167120
Location
Address
620 RIVERCREST DRIVE
City
MCLEAN
State
VA
Zip Code
22101
County
FAIRFAX (NORTH)
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(703) 310-6111
Agent Name
Ali Farhadov

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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.