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18513 Perdido Bay Terrace
Leesburg, VA 20176
$749,500
Conventional
Property
Bedroom
3
Bathroom
4
Property Type
Conventional
Square ft
2464
Property Description
$50,000 price reduction! Come see this 3 Bed, 4 bath brick front town home with a private, tree lined backyard, 2 car garage and huge Great Room with Gas Fireplace and Bath. Located at the convenient end of the gated River Creek Community. Convenient because the house location is Only a 4-minute walk to the luxurious Club House, a 5-minute walk to the Fitness Center & Pool swim complex, and a 9-minute walk to Confluence Park where Goose Creek meets the Potomac River & the community dock, soccer field, basketball & pickle ball courts, and Tot lot are located! All the extras one would expect in a fine house are here including hardwood flooring, elegant crown moldings, recessed lighting, chair rail, plantation shutters, a gourmet kitchen overlooking a family room, and a gas fireplace surrounded by built-ins & adorned with custom moldings! You enter your new home and are greeted by a 2-story wood floored foyer resplendent with crown molding and a built-in to house a family heirloom of your choice. Walk up to a massive Great Room appointed with custom moldings and a triple set of Transom Capped over-sized Windows letting in all that healthy natural light! Walk back to a chandelier lit elegant dining area featuring crown molding, chair rail, and a recessed area for that's perfect for your Sideboard or China Press. Behind this area, in the modern entertainment flow style, find a gourmet kitchen overlooking your family room. Off of the kitchen, a convenient door leads to a massive 21' x 12' entertainment deck- perfect for your outdoor meals and entertaining. Of course, there is a convenient first floor powder room, located away from the kitchen, for you and your guests comfort and privacy. The Chef's kitchen features newer KitchenAid appliances including double ovens, microwave, GE Profile gas cook-top, a center island and European style wooden cabinets with pullouts. An elegantly finished wooden staircase leads to a spacious second floor with two full baths. Your primary bedroom En-suite includes a double sink bathroom with separate soaking tub and shower. A massive 10' x 6' walk-in closet will house any wardrobe. The elegant tray ceiling has a modern style ceiling fan to compliment all of the natural light. Everyone's favorite- a second floor laundry accommodates a full-sized washer and dryer- no stack-able units here! The two other bright and airy bedrooms are serviced by their own full bath complete with tub. The ground level sports a massive 23' x 15' office/recreation room. The gas fireplace, surrounded by built-in bookcases, is the focal point of this multi-purpose space. Doors off of this room lead to an English style fenced backyard resplendent with Boxwoods and Crepe Myrtles. New roof installed 2023! Newer 75 Gallon Gas Hot Water Heater installed in Fall of 2021! Finally, the house is complete with an over-sized 2-car direct entry garage with remote operated garage door and 10' x 5' separate storage area. The driveway holds 2 cars off the street. Additional parking is first come on two side streets. River Creek is a resort style gated community made up of about 1,100 town & single-family homes. The Club House dining and bar area are second to none. The amenities including a unique hiker/biker system of paved paths, stretching over 3 miles that connect the community from the front gate to the Potomac River. A community dock where you can launch your kayak, paddle board or canoe and fish, is state of the art. The championship golf course still has membership opportunities. Located less than 20 minutes from Dulles International Airport & only 45 minutes from Washington D.C., this community has it all. It is located only minutes from fine shopping at the likes of Wegmans, Giant Food, Target, and Costco. Finally, the community is located in vibrant Loudoun County Virginia; home to over 40 wineries and breweries and scenic hiking trails. Come and spend the next chapter of your life at River Creek! Seller can close in 2-3 weeks.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2002
MLS Number
VALO2067964
Location
Address
18513 PERDIDO BAY TERRACE
City
LEESBURG
State
VA
Zip Code
20176
County
LOUDOUN
Listing
Provider
Yeonas & Shafran Real Estate, LLC, original listing
Name
Yeonas & Shafran Real Estate, LLC
Phone
(703) 790-3330
Office Name
Yeonas & Shafran Real Estate, LLC
Office Phone
(703) 790-3330
Agent Name
Bill Scott

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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.