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40545 Farm Market Road
Leesburg, VA 20176
$2,250,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
5493
Property Description
‘The Villa’ is a Grand Monet model by the award-winning Renaissance builder, known for their Executive, Estate, and Custom Homes. A tribute to fine living in space and light this 3 Level, 4 Bed, 4 Full 2 Half Bath estate offers distinctive designs pairing both traditional comforts with the spirited designs of modern times. The octagonal family room, with its two-story umbrella-style ceiling, envelops the ideal family retreat with walls of glass, a marble gas fireplace, and a built-in media center. The upstairs balcony overlooks the family and entry areas with angles and pathways to the Owner’s Suite. Three secondary-bedroom suites offer both convenience and privacy. The Owners Suite boasts a tray ceiling, exceptional views, a sitting room with gas fireplace, a massive 4 part walk-in closet with dressing area, spacious en-suite bath with soaking tub, walk-in dual head shower with bench, water closet, two vast vanities, and built-ins with electric and cable hookups. The Juniper Suite offers amazing views of the rear of the property, walk-in closet, and private en-suite bath with walk-in tile shower with bench. The Sunshine Suite offers immense storage with dueling closet featuring custom shelving and a well appointed three piece en-suite bath including dressing vanity and privacy pony wall. The Lavender Suite with the charming nook and oval window this well appointed room has ample storage and an en-suite bath that mimics the Sunshine Suite next door. Main Floor features a stunning two story grand foyer, living room to the left, formal dining room with butlers pantry to the right, leading to the kitchen dine in area, well appointed kitchen with dual pantries, to the right leads to the 3 car garage, half bath, laundry room, while centrally located on the first floor is the family room/great room with gas fireplace and marble surround, wet bar, library/office, formal half bath offer everything you're looking for in this comfortable country surrounded grand villa. 3-Car Oversized 21'x37' Garage with 10' doors (SUV Parking!) with bonus built-in storage and work/hobby space. The winding drive was also expanded so there are no tight turns or wondering where you/your guests can actually park. Ample storage on each level - walk-in entry closet with custom built-in shelving, spacious coat closet by garage entry, luxurious closets in each bedroom, and a proposed storage room in the basement. The unfinished basement has rough-in for a full three piece bath, with attached en-suite 5th bedroom as well as the proposed kitchenette and wine storage room alongside the mechanical room. Please see plans with builder proposed plans from time of build, but the options are near endless! -The Beacon Hill Community- Nestled in the heart of Loudoun County's Wine and Hunt Country, just west of Leesburg, Virginia, Beacon Hill is an upscale residential enclave boasting residents from various elite backgrounds including senior business executives, professional athletes, physicians, attorneys, and other esteemed professionals. This distinguished luxury community sprawls across 1,100 acres atop the rolling crest of Catoctin Mountain, comprising 225 stunning estates and exquisite hamlet homes. Surrounded by equestrian trails and expansive open space, Beacon Hill offers awe-inspiring vistas of the Blue Ridge foothills. Once the private estate of 1950’s radio personality Arthur Godfrey, this enclave seamlessly blends exclusive country living with convenient access to employment and shopping hubs in Loudoun and Fairfax Counties. Situated a mere 15-minute drive from Dulles Airport, Beacon Hill provides effortless commutes to Fairfax County, Maryland, and Washington D.C.
Property Information
Lot Size
4 acre(s) square ft
Property Type
Residential
Year Built
2002
MLS Number
VALO2067266
Location
Address
40545 FARM MARKET ROAD
City
LEESBURG
State
VA
Zip Code
20176
County
LOUDOUN
Listing
Provider
Pearson Smith Realty, LLC, original listing
Name
Pearson Smith Realty, LLC
Phone
(571) 386-1080
Office Name
Pearson Smith Realty LLC
Office Phone
(571) 386-1075
Agent Name
Brent Livingston

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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.