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23245 Virginia Trail
Bristol, VA 24202
Melissa Blackmore with Berkshire HHS, Jones Property Group, original listing - (423) 989-4100
$1,750,000
Conventional
Property
Bedroom
4
Bathroom
Full: 4, ½: 3
Property Type
Conventional
Square ft
5234 Square Feet
Property Description
STUNNING RESIDENCE AT THE VIRGINIAN GOLF CLUB! Discover luxury living in this surprisingly expansive home with breathtaking mountain and farmland views. Perfect for families, co-ownership, or a corporate retreat, this meticulously maintained 4 bedroom, 4 full bath, and 2 half bath home seamlessly blends elegance, comfort, and modern upgrades. Every inch of this home was redesigned and renovated in 2011, returning it to the studs and expanding the living spaces. The result is a home with superior craftsmanship, upgraded electrical and HVAC systems, and stunning architectural enhancements. As you enter, prepare to be captivated by the beautiful foyer and attention to detail throughout the home. Just off the entry, you'll find a beautiful library with custom built-ins and a cozy gas fireplace; an elegant formal dining room is also off the entry and accessible to the kitchen, the heart of the home. This chef's kitchen leaves little to be desired. With top-of-the-line appliances, an expansive island, a butler's pantry with an additional dishwasher and half bath, this space is a culinary enthusiast's dream. The open-concept living area flows seamlessly from the kitchen, creating an ideal space for entertaining. Imagine gatherings around the custom wet bar area, complete with a wine cooler, or relaxing by the fireplace. Notably, the main level of the home is ADA-compliant, adding to its accessibility. The primary suite boasts a coffered ceiling, two walk-in closets, and a luxurious bathroom with dual vanities and spacious shower. A custom stained glass window, heated towel rack, and heated floors add a touch of spa-like indulgence. For convenience, an office, laundry room, and screened porch with drop-down weather protection are located adjacent to the primary suite. You'll discover three additional bedrooms, three baths and a cozy lounge upstairs offering privacy and comfort for your family and guests. Abundant storage areas are located throughout the home.
Property Information
Lot Size
2 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1996
MLS Number
--
Location
Address
23245 Virginia Trail
City
Bristol
State
VA
Zip Code
24202
County
WASHINGTON
Listing
Provider
Berkshire HHS, Jones Property Group, original listing
Name
Phone
(423) 341-8659
Office Name
Office Phone
(423) 989-4100
Agent Name
Melissa Blackmore
Agency Phone
(423) 989-4100

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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.