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561 Hickory Point Trail
Penn Laird, VA 22846
Jeffrey Robb with Lee & Associates, original listing - (540) 437-3728
$799,999
Conventional
Property
Bedroom
3
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
2620 Square Feet
Property Description
Tucked away on 5 private acres in the highly sought-after Penn Laird area, this custom-built home offers the perfect balance of luxury, craftsmanship, and tranquility. The expansive open-concept design features hardwood floors throughout the first floor, high-end finishes, and thoughtfully designed spaces for both entertaining and everyday living. With impressive indoor and outdoor living areas, plus thoughtful modern amenities, this property is truly one-of-a-kind. At the heart of the home is a stunning chef's kitchen designed for both beauty and functionality. Featuring professional-grade Viking and Blue Star appliances, including a 4-burner gas range with a flat top grill, dual ovens, and a Frigidaire Professional side-by-side refrigerator/freezer, the kitchen is a culinary dream. Bosch dishwasher, Carrera marble and soapstone countertops, nickel hardware, and two spacious islands with bar-height seating enhance the space. Two pantries ensure plenty of storage. The adjacent living room boasts a striking wood-burning local Bluestone fireplace, providing warmth and a sense of natural elegance. Entertaining is a breeze with 10' ceilings on the main level and a seamless flow from the main living areas to the outdoors. The home is equipped with a state-of-the-art alarm system and a built-in indoor and outdoor speaker system, allowing you to enjoy music throughout the main living areas and outdoors. The screened-in porch offers a peaceful spot to relax while enjoying views of the surrounding nature. An outdoor kitchen with a wood-burning pizza oven is perfect for cooking and gathering with family and friends. Raised garden beds and a custom-built chicken coop complete the property's outdoor offerings, creating a charming, functional space for gardening and country living. The sprawling 5-acre lot provides plenty of room for outdoor activities, gardening, and enjoying nature in complete privacy. The detached garage/workshop offers flexible space for hobbies or storage. The private primary suite is a true sanctuary, featuring luxurious his-and-hers closets and a Juliette balcony that overlooks the grounds. Motorized blinds add convenience and privacy, allowing you to control light with ease. The spa-like en-suite bathroom features Carrera marble countertops, dual sinks, a urinal, an enclosed tile shower with a rain head, and a clawfoot tub; a perfect retreat after a long day. The second floor includes two additional bedrooms, a second full bath with dual sinks and soapstone countertops, and a convenient upstairs laundry area with washer and dryer included. For added convenience and peace of mind, the home is equipped with a state-of-the-art alarm system. The unfinished basement is over 1,000 square feet, is roughed in for a bathroom, and is fully insulated, with HVAC pre-installed, offering significant potential for additional living space. A climate-controlled wine cellar in the basement provides a perfect spot for wine storage. This rare opportunity to own a truly unique, custom-built home in the coveted Penn Laird area won't last long. Schedule your private tour today! Please note all property corners are marked at or as close to pins as possible.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2014
MLS Number
--
Location
Address
561 Hickory Point Trail
City
Penn Laird
State
VA
Zip Code
22846
County
ROCKINGHAM
Listing
Provider
Lee & Associates, original listing
Name
Phone
(540) 478-7616
Office Name
Office Phone
(540) 437-3728
Agent Name
Jeffrey Robb
Agency Phone
(540) 437-3728

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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.