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2817 Jermantown
Oakton, VA 22124
John Murdock with Keller Williams Realty, original listing - (703) 679-1700
$389,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
1538 Square Feet
Property Description
This 6th floor 3BR/2BA corner unit is move in ready! Overlooking the greenery of Oakton, the entryway leads you straight to the updated kitchen, complete with a white subway tile backsplash, white soft-close cabinets, quartz countertops, and stainless steel appliances, recessed lights, and high quality waterproof LVP flooring. The breakfast area is surrounded by a full wall of windows and a glass slider that opens to the patio and the outdoors, filling the space with natural light. The large living room next to the kitchen has enough space for your furniture and a dining table, set on high quality waterproof LVP and brightened by plenty of natural light from the windows and another slider to the back patio. The primary suite is spacious with a standout en-suite bathroom that includes a double-sink vanity, quartz countertop, recessed lighting, and a large walk-in closet. This condo is perfect for those who prefer single-level living and comes with a laundry room, a storage unit, a garage parking space accessible by elevator or stairs, and extra unreserved parking in the lot. The secure lobby adds an extra layer of security. Take advantage of a pool, fitness room, meeting space, tennis courts, and beautifully maintained green spaces with benches and walking paths. The condo fee includes water/sewer, trash removal, and use of amenities. Located within the highly-rated FCPS school district, including Oakton HS, Thoreau MS, and Oakton ES. Ideal for commuters with easy access to I-66, bus services, and the Vienna Metro. Nearby are parks, playgrounds, a dog park, and plenty of shopping, dining, and grocery options.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
1974
MLS Number
--
Location
Address
2817 JERMANTOWN
City
OAKTON
State
VA
Zip Code
22124
County
FAIRFAX (NORTH)
Listing
Provider
Keller Williams Realty, original listing
Name
Phone
(703) 679-1700
Office Name
Office Phone
(703) 679-1700
Agent Name
John Murdock
Agency Phone
(703) 679-1700

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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.