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15713 Spyglass Hill Loop
Gainesville, VA 20155
$999,900
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
5728
Property Description
Welcome to your dream residence, a stately custom-built home proudly perched within Lake Manassas's prestigious, gated golf community (currently the only home available). Within the community is the renowned Stonewall Golf Club where community members can play golf and eat at the Brass Canon restaurant. Commanding over 5,700 square feet of meticulously finished living space, this residence is a testament to superior craftsmanship and refined elegance. With four bedrooms upstairs (each connected to a bathroom) and two large rooms on the lower level perfect for overnight guests, there is room for everyone in the household and beyond. Upon arrival, be mesmerized by the towering 10' ceilings that create a sense of openness and grandeur. Intricate arched openings and bespoke custom touches are woven throughout the home, creating a luxurious ambiance that reflects both style and comfort. Feel the warmth of the hardwood floors that gracefully stretch across the main level, exuding a sense of classic sophistication. Designed for formal entertaining and intimate gatherings, the home presents large formal rooms accentuated by tasteful architectural details. The heart of this splendid residence is the spacious two-story family room, anchored by a regal gas fireplace, serving as an inviting space for family bonding and cozy evenings. Flowing effortlessly from the family room is the open-concept kitchen. Outfitted with top-of-the-line appliances, it harmoniously adjoins a versatile keeping room featuring a second gas fireplace, an ideal spot for casual lounging or enjoying a cup of coffee in the morning. On the upper floor, your sanctuary awaits in the master suite. It boasts a lavish en-suite bath, a serene retreat to unwind at the end of the day. The suite is complete with an enormous walk-in closet that caters to every storage need and epitomizes the luxury lifestyle. The practicality of an upper-level laundry room further enhances the home's thoughtful design. Meanwhile, the fully finished lower level expands the living space with a big recreational room, perfect for a game night or a children's play area. Also included are a plush media room, an additional den, and a full bath, making it an ideal area for hosting guests or setting up a home theater. Nestled in the illustrious Lake Manassas golf community, your lifestyle is about to take a leap into luxurious convenience. Imagine your weekends starting with a round of golf on the pristine greens, followed by a delightful brunch at the club's upscale restaurant. The afternoons can be spent with serene walks by the lake, capturing moments of nature's tranquility. Plus, with the added convenience of being able to walk to Wegmans and a selection of other premier shops and eateries, you have a world of leisure and necessities right at your fingertips. In this community, every day feels like a resort-style getaway. In summary, this home is not just a dwelling but a lifestyle choice, providing a rare blend of privacy, luxury, and comfort. Experience this remarkable residence for yourself and discover the unparalleled charm it has to offer. Welcome to your new home in Lake Manassas.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2006
MLS Number
VAPW2056062
Location
Address
15713 SPYGLASS HILL LOOP
City
GAINESVILLE
State
VA
Zip Code
20155
County
PRINCE WILLIAM
Listing
Provider
Name
Compass
Phone
(202) 491-1275
Office Name
Compass
Office Phone
(703) 783-7485
Agent Name
Graham Tracey

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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.