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11303 Harborside Cluster
Reston, VA 20191
Karen Sparks with Middleburg Real Estate, original listing - (540) 687-6321
$1,175,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2275 Square Feet
Property Description
Welcome to this exceptional modern residence, ideally situated in one of Reston's most coveted lakeside communities on Lake Thoreau. Tucked between the serene Reston National Golf Course and the tranquil waters of Lake Thoreau, this property offers access to a private community dock, perfect for lakefront living. The all-brick exterior exudes timeless charm, with an inviting courtyard which lies between the detached garage and home, enhancing the outdoor appeal and provides space for gardening, relaxing or entertaining. Step inside to discover a bright, open-concept layout on the main level, with soaring ceilings and abundant natural light streaming through multiple skylights. The kitchen boasts granite countertops, a striking backsplash, and stainless steel appliances. The spacious living and dining areas seamlessly flow together, and the first-floor primary suite offers a serene retreat with luxurious ensuite bath, large walk in closet and sliding glass doors that frame the view of the green space and lake views. Step right outside to sit, watch the birds and natural surroundings. An eye-catching open staircase leads to the upper level, where you'll find two additional well-sized bedrooms, a versatile family room/den and open loft area; great for an office, gym, craft room or that could serve as a fourth bedroom. Theres also a remodeled full bath with a tub. Easily accessible storage can be found in the eaves and attic. Perfectly located less than a mile of the Wiehle Ave Metro Station, this home is surrounded by countless amenities, including Reston National Golf Course, tennis courts, scenic trails around Lake Thoreau, Reston community pools and playgrounds. Enjoy easy access to the Dulles Toll Road, Dulles Airport, and all that Reston has to offer.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1978
MLS Number
--
Location
Address
11303 HARBORSIDE CLUSTER
City
RESTON
State
VA
Zip Code
20191
County
FAIRFAX (NORTH)
Listing
Name
Phone
(703) 528-8195
Office Name
Office Phone
(540) 687-6321
Agent Name
Karen Sparks
Agency Phone
(540) 687-6321

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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.