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4688 S Cowpasture Lane
Hume, VA 22639
Robin Garbe with CENTURY 21 New Millennium, original listing - (703) 753-7910
$1,195,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2519 Square Feet
Property Description
BACK ON MARKET WITH A BRAND NEW ROOF AND GUTTERS! IDEAL HORSE PROPERTY IN NORTHERN FAUQUIER COUNTY. This unique design by local architect James Hricko combines contemporary & rustic elements creating a modern cottage style home. Custom built in 2002, the “Silo House” was designed to evoke the barn and silo that once stood on this site and to nurture a passion for horses. Reminiscent of the way homes and barns were designed in early America or colder climates in Europe, the barn attaches to the main house. Thus, it is wonderfully easy to comfortably check on equine friends, even in the worst weather. The house was carefully designed to blend naturally in its setting, among gently rolling fields, and placed purposefully, so that horses in their pastures are always in view. The siding is comprised of natural cedar shingles, with tongue & groove vertical boards on the silo, and painted in “Wedgewood Blue”, a luxurious shade that is both serene and delightful. The new "Shakewood" architectural shingles compliment the siding and are in keeping with the "cottage" look . Inside, cool gray flooring, white walls, and clean lines exude a peaceful “zen-like” energy. The family room is warmed by a wood burning fireplace with rustic wood mantel and beams, which were salvaged from the old barn that once stood on the site. Throughout the home, sunlight spills in through an abundance of windows and glass doors, and gorgeous pastoral views are enjoyed from every room. The round silo provides a unique space perfect for a cozy “lounge” on the main level and an invigorating office space upstairs. Thoughtfully planned to make horse keeping as care-free as possible, the well-ventilated and well-lit barn is comfortable for both horse & human, with a heated & cooled tack room, three 12x12 matted stalls, a luxurious wash stall and plenty of hay storage. There are 3 board-fenced paddocks with run-in sheds, 2 of which have automatic waterers and all three have spigots by them. A circular drive makes trailering a breeze, and there is ample parking for trucks and farm equipment. Last, but not least, a Generac generator is waiting to save the day if the power goes out. Located in Hume, one of the most scenic and protected parts of Fauquier County, it is an easy drive to the town of Marshall for groceries, or to grab a sandwich at the world-famous Red Truck Bakery. With access to a variety of options for high-speed internet, it is feasible to work successfully from home. For those who must commute to the city, route 66 is just a 10 minute drive, with Wegmans and the shopping meccas of Gainesville and Haymarket along the way. Over $170,000 in improvements since the current owner purchased the home, and it shows! To fully appreciate this truly “one of a kind” equestrian property, you will want to schedule a personal tour. Please ask for a detailed brochure, with 3D Tour, Floor Plans and a long list of improvements.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2002
MLS Number
--
Location
Address
4688 S COWPASTURE LANE
City
HUME
State
VA
Zip Code
22639
County
FAUQUIER
Listing
Provider
CENTURY 21 New Millennium, original listing
Name
Phone
(540) 349-1400
Office Name
Office Phone
(703) 753-7910
Agent Name
Robin Garbe
Agency Phone
(703) 753-7910

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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.