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17752 Running Colt Pl
Leesburg, VA 20175
$1,799,000
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
--
Property Description
Discover Unparalleled Estate Living - Welcome to a realm where luxury meets tranquility-presenting the pinnacle of estate living, where panoramic vistas stretch for miles, visible from every window. Nestled on a sprawling 3+ acre premium lot, this exquisite Toll Brothers Langley model in the sought-after Shenstone Reserve is a testament to architectural brilliance and bespoke elegance. As you step through the grand entrance, you are enveloped in an atmosphere of refined sophistication. The 2-story foyer, with its breathtaking waterfall staircase, not only sets a tone of grandeur but stands as the home's architectural centerpiece. Arched entryways and Carrara marble detailing guide you into the formal dining and living areas with tray ceilings, designed to impress at every turn. The home's modern open layout is an entertainer's paradise. A main-level office, adorned with elegant French doors, provides a serene workspace. Venture further to discover the family room, where a coffered ceiling and a majestic floor-to-ceiling stone fireplace merge with tranquil views of the landscaped patio and backyard, creating a perfect backdrop for relaxation and gatherings. Step into the culinary dream that is your gourmet kitchen. Outfitted with chef-inspired appliances, custom cabinetry, lustrous granite countertops, Carrara marble in the kitchen nook, and a spacious island, it promises an unrivaled cooking and entertaining experience. The kitchen's thoughtful design includes a secondary staircase leading to the private bedroom quarters above. Upstairs, the luxury continues with a grand primary suite featuring a cozy sitting room and tray ceilings, dual closets, a vanity area, and a spa-like bathroom equipped with a newly upgraded, custom-tiled shower and frameless glass enclosure. Two additional generously sized bedrooms share a well-appointed hall bath with dual vanities, alongside another large bedroom with an en suite bathroom. The journey doesn't end here. Descend to the lower level to find an inviting family room adorned with custom travertine tile, a wet bar with exquisite cabinetry, a full bathroom, den, and office space, a large workshop, storage, and ample space for entertainment and leisure activities. The backyard boasts a large covered pavilion with stone pavers, a patio with pavers and stone finishes with a fire pit area. An oak board fence with wire mesh surrounds this area. It also includes extensive landscaping in the front and the back of the home. This stunning home is more than just a residence-it's a sanctuary designed for those who seek unparalleled luxury, comfort, and the joy of estate living at its finest. Your dream home awaits.
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2013
MLS Number
VALO2063710
Location
Address
17752 RUNNING COLT PL
City
LEESBURG
State
VA
Zip Code
20175
County
LOUDOUN
Listing
Provider
Long & Foster Real Estate, original listing
Name
Long & Foster Real Estate
Phone
(888) 536-0216
Office Name
Leesburg
Office Phone
(888) 536-0216
Agent Name
Eve Weber

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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.