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16802 Chestnut Overlook Drive
Purcellville, VA 20132
Rheema Ziadeh with Redfin Corporation, original listing - (703) 665-6665
$1,649,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 1
Property Type
Conventional
Square ft
6906 Square Feet
Property Description
Welcome to this stunning, nearly 7,000 square-foot estate, nestled on a serene 3.24-acre lot in the prestigious Chestnut Hills community. This former model home offers breathtaking panoramic views of Short Hills and boasts luxurious upgrades throughout, High-speed internet and no HOA! The magical backyard is truly a labor of love, featuring meticulously designed gardens that offer a peaceful retreat and a stunning connection to nature. Expansive, lush landscaping includes vibrant blooms, carefully curated plants, and serene pathways, all contributing to a private certified Wildlife sanctuary. Extensive fencing and decking have been added to enhance the privacy and functionality of the outdoor space, providing a breathtaking backdrop from the home and an unparalleled sense of peace and connection to the natural world. As you approach, you are welcomed by beautiful landscaping, expanded stamped asphalt turn-around driveway and a unique breezeway leading to an additional attached garage/workspace with heated floors. Heated floors on the breezeway also prevent freezing during the cold months. Upon entering, you're greeted by a grand two-story foyer, setting the tone for the home's open and airy floor plan. A dual staircase adds an elegant touch as you make your way through the expansive living spaces. The gourmet chef's kitchen features stainless steel appliances, a large center island, double oven, and gleaming granite countertops. Adjacent is a sun-drenched morning room, perfect for casual dining or enjoying a peaceful moment. Additionally, a spacious mudroom leading to garage and breezeway features a full bath and heated flooring. The main level showcases upgraded hickory hardwood flooring, leading seamlessly into the family room with a cozy fireplace and large windows that frame the picturesque views. The formal living and dining rooms each boast their own unique charm, with sophisticated upgraded lighting enhancing the atmosphere throughout. Upstairs, the luxurious Owner's suite offers a retreat with a private Veranda with beautiful views, its own sitting area and an expansive closet, complete with custom built-ins. The spa-like primary bathroom features a large shower, soaking tub, two spacious storage closets, and a built-in vanity. His and her vanities offer individual space, while the separate water closets ensure privacy and convenience. The top floor also includes a Junior suite with its own private full bath, as well as two generously sized bedrooms connected by a Jack and Jill bathroom. The expansive lower level offers impressive versatile space, including a finished 5th bedroom, full bath, upgraded kitchenette area, and a massive main room with ample space, making it perfect for multi-functional use. Lower level also features upgraded Home Theater with a 4K HDR projection TV and an approximately 11-foot diagonal screen. The system's speakers project seamlessly through the screen for an immersive experience. Additionally, five elevated, reclining chairs with USB ports ensure maximum comfort for movie nights or viewing parties, making this space perfect for both relaxing and entertaining. Two complimentary water treatment systems are in place, including a primary Rain Soft filtration system with a Kinetico softener and filtration system for whole-house water purification. The home’s HVAC systems have been replaced with top-of-the-line, energy-efficient Carrier units, featuring heat pumps and either electric or propane gas back-up. Roof and Water Heater both replaced in 2021. This home is an entertainer’s dream, ideal for hosting guests or simply enjoying the tranquility of the private setting. Easy commuter access to shopping and dining, and nearby access to Award winning wineries, while maintaining its sense of peace and serenity just minutes from the city. Enjoy Recent updates and impeccable attention to detail make this home truly magical—nothing else like it on the market. A must-see!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2006
MLS Number
--
Location
Address
16802 CHESTNUT OVERLOOK DRIVE
City
PURCELLVILLE
State
VA
Zip Code
20132
County
LOUDOUN
Listing
Name
Phone
(703) 665-6665
Office Name
Office Phone
(703) 665-6665
Agent Name
Rheema Ziadeh
Agency Phone
(703) 665-6665

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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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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.