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227 Mill Street
Occoquan, VA 22125
Jennifer Young with Keller Williams Chantilly Ventures, LLC, original listing - (703) 815-5700
$995,000
Conventional
Property
Bedroom
3
Bathroom
Full: 3, ½: 1
Property Type
Conventional
Square ft
2558 Square Feet
Property Description
Nestled in the charming and historic town of Occoquan, this exceptional 4-level townhouse at 227 Mill Street offers the perfect blend of modern luxury and serene waterfront living. This stunning home features 3 spacious bedrooms, 3.5 baths, and an elevator for easy access to every level. Located in the desirable Gaslight Landing community, this townhome offers breathtaking water views of the Occoquan River, bringing a sense of tranquility to your everyday life. Enjoy the convenience of a deeded dock for boating, fishing, or simply taking in the beauty of the water. The home boasts an open and inviting floor plan, rich hardwood flooring throughout, a soft neutral color palette, decorative moldings, with high-end finishes, and ample natural light flooding every room. ****** The main level is perfect for entertaining, with a spacious living and dining area featuring a cozy 3-sided gas fireplace providing warmth and ambiance. Here, a wall of French doors opens to a covered porch with river views, the ideal spot to relax and unwind. The gourmet kitchen with bay window is sure to please the modern chef with striking granite countertops, an abundance of upgraded 42” cabinetry, and Dacor stainless steel appliances including a glass cooktop and built-in oven with suspended hood, and French door refrigerator. A powder room compliments the main level. Hardwood flooring continues upstairs and into the light filled primary suite boasting a private covered with river views, walk-in closet, and luxurious bath with a granite topped dual sink vanity, jetted tub, and glass enclosed shower. The second bright and cheerful bedroom, with hardwood flooring and private balcony, has easy access to the well-appointed hall bath with granite topped vanity and tub/shower. A laundry closet on this level eases the daily task. ****** The uppermost level features an amazing and versatile private suite with hardwood flooring, granite topped wet-bar, ensuite full bath, and its own private covered porch with beautiful river views! A utility room that provides lots of storage space and a mudroom with elevator access and utility sink leading to the carport adds convenience. For car enthusiasts and boat lovers, this property includes a carport that can accommodate 3 cars or 2 cars and a boat, completing the comfort and luxury of this wonderful home. ****** All this just steps to all the fine dining, shopping, and entertainment that charming Old Town Occoquan has to offer, while Potomac Mills Mall, I-95, Route 123, and the VRE are just minutes away. With its prime location, spectacular water views, and luxurious features, this townhouse is a rare opportunity you don’t want to miss!
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Condominium
Year Built
2008
MLS Number
--
Location
Address
227 MILL STREET
City
OCCOQUAN
State
VA
Zip Code
22125
County
PRINCE WILLIAM
Listing
Provider
Keller Williams Chantilly Ventures, LLC, original listing
Name
Phone
(703) 956-5128
Office Name
Office Phone
(703) 815-5700
Agent Name
Jennifer Young
Agency Phone
(703) 815-5700

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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.