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2449 Fairhunt Court
Oakton, VA 22124
$2,250,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
7814
Property Description
OPEN HOUSE FRIDAY 5-7PM! Fairhunt Estates is a hidden gem: Discover the pinnacle of luxury in this secluded equestrian enclave of just nine residences. Perched atop the neighborhood's most coveted lot, this Southern Colonial home spans nearly 8,000 sq ft across five breathtaking acres. Adjacent to Difficult Run Park, the property offers direct access to walking and horse trails, while being merely minutes from top-tier schools and bustling shopping centers. Exceptional Design & Living Spaces: The home's interior is marked by an expansive layout that includes soaring ceilings in the kitchen, equipped with a U-shaped island perfect for entertaining, and a grand family room with palladium windows with tons of natural light. The estate-sized rooms enhance the majestic feel, complemented by a massive front porch with three distinct entrances and additional porches off the den and primary bedroom. Outdoor living is redefined with a vast deck featuring a covered dining area, a screened porch, and a lower-level patio. Practical Elegance: Experience the seamless integration of form and function with six generous bedrooms, including a convenient main-level suite with a full bath. The full walkout basement offers extensive storage solutions and dual staircases leading to both the upper and lower levels. The three-car garage adds to the practicality of this remarkable home. Unmatched Serenity:From the expansive front stoop to the tranquil surroundings, the serene atmosphere of this estate must be felt to be truly appreciated. This home is perfectly suited for those who value privacy and refined country living. Bring your animals, entertain guests, and enjoy the sublime setting. This is not just a home; it's a lifestyle promise that will exceed your expectations.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1999
MLS Number
VAFX2177368
Location
Address
2449 FAIRHUNT COURT
City
OAKTON
State
VA
Zip Code
22124
County
FAIRFAX (NORTH)
Listing
Provider
Glass House Real Estate, original listing
Name
Glass House Real Estate
Phone
(571) 235-4821
Office Name
Glass House Real Estate
Office Phone
(877) 765-5080
Agent Name
Khalil El-Ghoul

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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.