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40545 Farm Market Road
Leesburg, VA 20176
$2,100,000
Conventional
Property
Bedroom
4
Bathroom
6
Property Type
Conventional
Square ft
5493
Property Description
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 and esteemed professionals. This distinguished luxury community sprawls across 1,100 acres offers awe-inspiring vistas of the Blue Ridge foothills of Catoctin Mountain, comprising 225 exquisite estate homes. Surrounded by equestrian trails, expansive open space, and golf course opening in Fall 2024, Beacon Hill is situated a mere 15-minute drive from Dulles Airport and the Loudoun Metro Silver Line. This enclave seamlessly blends exclusive country living with convenient access to employment and a vast array of leisure attractions and shopping venues in the Washington Metropolitan DC area. "The Villa" Visually captivating, the Grand Monet model constructed by Renaissance (1999 America’s Builder of the Year) combines luxury with functional design. Placement of the majestic stucco and stone house within the 4.7 acre lot, beckons one to experience Monet’s impressionist influence of blending natural light with the surrounding atmosphere away from the hustle and bustle. Two stone pier light sentries mark the estate’s entrance. Traverse the winding driveway past ornamental mimosa trees to arrive at the oversized 3-car garage. There is plenty of room at the driveway apron to park another 6 to 8 cars. A lighted wide flagstone walkway lined with a seasonal progression of perennials and ornamental shrubs is nurtured by maintenance-free stone ground cover. The open floor plan of the Main Level provides harmonious enjoyment within each of the adjacent rooms. The large gourmet eat-in kitchen has a Dacor range, and thoughtfully positioned granite island to accommodate multiple chefs, food prep, and buffet-style setup. The Upper Level is accessed via the Grand Foyer stairway and the stairway between the Kitchen and Family Room, to a Bridgeway that connects the four spacious en-suite bedrooms. Multiple areas of the Primary Suite sanctuary comprise over half of the living space. Showcasing its unique features, all four en-suite bedrooms have ample cabinet space and medicine cabinets. “The Lavender Suite” has an elevated spacious nook sun-kissed by an ornamental oval window that looks towards the 10th fairway, a sconce light and electrical outlets. “The Sunshine Suite” truly revels in sunshine, and has a tremendous connected double closet boasting over 12 feet of continuous space with built-in shelves on one end. “The Juniper Suite” has a stylish new ceiling fan; walk-in closet, large shower with bench seat and attic access via pull-down stairs. “The Primary Suite” is truly grand and befitting for the Grand Monet comprising over half the upper level! French doors open into the Primary Suite with a tray ceiling, Roman sconces; elegant pillars leading to the sitting area with green marble gas fireplace and tall casement windows that open to the portico. The primary bath French doors open to windows with specialty tint that surround a soaking jetted tub, flanked by vanity sinks. To your left is a large shower with bench seat and has two shower heads and just past the shower is a private water closet. To your right are custom shelves with cable/internet connections. The dressing room has a vanity with mirror and is as large as the Primary Suite! The almost 3,500 SF unfinished Lower Level is equipped with electricity, lighting and HVAC, and water, septic, and exhaust fan rough-ins to accommodate an en-suite bedroom, and a full kitchen or wet bar. Beneath the entire floor a French drain system connects to a sump pump that expels any water to a dual French drain that surrounds the foundation and directs the water away from the house to creek in the front. Renaissance-certified architectural schematics are offered to the purchaser. Schedule your tour to experience the nuances of every space first- hand. Envision your life’s journey here!
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.