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15620 Compton Road
Centreville, VA 20121
Janice Smith with Touchstone Realty, LLC, original listing - (304) 260-9380
$1,150,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
3984 Square Feet
Property Description
"Professional Photos Coming Soon". Discover this charming Colonial on 5 flat and fenced acres with no HOA in Fairfax County. The presence of mature trees and bushes provides a private, park-like setting. The home is close to the Manassas National Park & Battlefield, Bull Run Campground & Water Park, as well as shopping, restaurants and schools with a spectacular annual drive-through Christmas light show right outside the front door. This completely remodeled home features four bedrooms and two and a half bathrooms, including one with a skylight and jacuzzi tub. It has a 3-year-old, high-quality 50-year roof, with a sample of shingles available on the back porch. Approximately half of the roof is a $40k metal installation covering the rear of the house. A top of the line new 80-gal water heater. There are two fully functional fireplaces; one gas and one with a wood-burning stove, complete with starter kindling and wood for your first housewarming fire. The home showcases superior hand-built craftsmanship, including hickory gunstock wood floors, with each plank double pegged for durability and quietness. The kitchen is equipped with a custom tile backsplash and floors, a double in-wall convection oven, a separate gas cooktop, and an extra-large stainless-steel hood. The hardwood cabinetry features soft-close mechanisms and bonus elements such as roll-out pot and pan drawers, a fold-in cabinet spice rack, and an under-cabinet microwave area. Each oversized room is custom designed with unique features like solid wood doors and extra deep windowsills for seating, along with dimmer light switches. The primary suite is sizable, with an extra-large closet and an ensuite bathroom adorned with exquisite tile work. The house includes a professional security system with Wi-Fi monitoring, allowing indoor and phone access via a flat-screen panel. There is a two-and-a-half-year-old professionally installed backup Kohler generator that automatically runs as needed from a separate fuel source. An efficient and eco-friendly Geothermal heating system. Bonuses include a floored attic running the entire length of the house (approx. 1,700 sq.ft.), a first-floor family room and an additional sun and/or recreation room with lovely French doors. There's also a freshly painted unfinished walkout basement with an additional crawl space area for storage. Super easy commute to DC....three different ways to access I-66 from the property. This home is a rare gem and won't last long. Treat yourself to a viewing today.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1983
MLS Number
--
Location
Address
15620 COMPTON ROAD
City
CENTREVILLE
State
VA
Zip Code
20121
County
FAIRFAX (SOUTH)
Listing
Provider
Touchstone Realty, LLC, original listing
Name
Phone
(304) 260-9380
Office Name
Office Phone
(304) 260-9380
Agent Name
Janice Smith
Agency Phone
(304) 260-9380

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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.