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95 Harris Hollow Road
Washington, VA 22747
Amy Timbers with Washington Fine Properties, LLC, original listing - (540) 675-1488
$565,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
1653 Square Feet
Property Description
This is a real gem, a classic late 1970's/80's rambler, in need of a bit of paint and updates in an unbeatable location. There are views in every direction and it feels private yet is adjacent to the Town of Washington. It's a very solid brick rambler on 1.2 open acres. The floor plan is a traditional 3BR (primary suite has shower, no tub), 2.5 BA home with a fireplace in the family room, a huge country kitchen with loads of table space, a formal dinning room and an office or living room. The pantry/laundry room is just off the half bath and the one car garage. For added easy storage, there's a one-room basement, just in case the large closets aren't quite large enough. The views out the sliding door into the screened, brick patio, are exceptional and of the Blue Ridge Mt's /Shenandoah National Park. When you learn where to look, you can see Skyline Drive. There's room to work from home with Comcast or Starlink internet available and cell coverage. The views are beautiful-mountains, trees, cows and hay fields. The house feels private with the mature landscaping and the way it's cleverly sited on the property. The backyard is perfect for star gazing, comet watching, and, hopefully, an aurora will return. The location is right outside the town of Washington limits, just a saunter away from shops and dining. (RH Ballards, The Inn at Little Washington) With a short drive of under 10 min is Sperryville that offers breweries, shopping and dining also (Copper Fox Distillery, Pen Druid, The MarketPlace, Haley Fine Art, Black Twig,) and many more local shops. Hiking trails abound, being so close to Shenandoah National Park.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1978
MLS Number
--
Location
Address
95 HARRIS HOLLOW ROAD
City
WASHINGTON
State
VA
Zip Code
22747
County
RAPPAHANNOCK
Listing
Name
Phone
(540) 675-1488
Office Name
Office Phone
(540) 675-1488
Agent Name
Amy Timbers
Agency Phone
(540) 675-1488

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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.