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1321 Vanceright Circle
Winchester, VA 22601
John Scully with Colony Realty, original listing - (540) 662-0323
$1,100,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
3793 Square Feet
Property Description
Rare and unique opportunity! Be just the second owner of this modern, custom, architect designed, home unlike any other! This one-of a kind contemporary home sits on the slope of one of the highest points in Winchester. It was designed by renowned local architects, Reader and Swartz, and built in 2006 by Ritter Construction. The Handley Heights location, next to an old Winchester neighborhood, has the advantages of in-town conveniences, while offering open space and privacy. The home’s high elevation offers a rare opportunity for mountain views from an upstairs bedroom. From Vanceright Circle’s quiet cul-de-sac, walk just three blocks to Handley High School. The driveway curves to the garage and parking area in the back, with easy access to the main level entry hall. The exterior has contrasting materials which separate the wings from the connecting sections, with both red cedar and cement-board siding. The variable rooflines, deep-set eaves, and large windows combine elements of modern traditions. With its unique floor plan, the home is well-situated to take advantage of the hillside topography and the path of sunlight throughout the seasons. From the entryway, one wing branches into a tall living area, with high ceilings and beams, and another wing stretches to the two-story bedroom area. There are solid wood custom-made doors with distinctive hardware throughout. Custom-built cherry cabinetry includes bookcases in the hall and living room. The flooring on the main and upper levels is made of oak. A beautifully handcrafted stairway is accented with cherry and maple wood and connects all three levels of the home. From the entry hall, enter the bright and open dining room and experience the sensation of height and volume. The kitchen features Wood-mode cherry cabinets. The granite countertops are made of water-honed black Cambria, with a leather-like finish. The kitchen opens to the sunny living room with multiple windows, a Regency ceiling fan, and a wood-burning fireplace. The lighting fixtures are made by Hubbardton Forge. Walk out from the living room into a large elevated screened porch, which offers 4-way breezes and a high ceiling with tree-top views. The porch has Cumaru exotic wood flooring. Upstairs, the master bedroom suite has a double bathroom and a large walk-in closet. The walk-out lower level, partially above-grade, has high ceilings, windows facing north and east, and a large finished and carpeted space. This works as a family room or a recreation room, or, with its full bath, it also works as an extra bedroom area. Outdoor spaces around the home complement the living areas. A limestone retaining wall frames a private rear patio and garden area.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2006
MLS Number
--
Location
Address
1321 VANCERIGHT CIRCLE
City
WINCHESTER
State
VA
Zip Code
22601
County
FREDERICK
Listing
Name
Phone
(540) 662-0323
Office Name
Office Phone
(540) 662-0323
Agent Name
John Scully
Agency Phone
(540) 662-0323

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John S. Scully V
Colony Realty
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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.