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11595 Mica Place
Lovettsville, VA 20180
$1,134,900
Conventional
Property
Bedroom
4
Bathroom
5
Property Type
Conventional
Square ft
6623
Property Description
Welcome to 11595 Mica Pl., Lovettsville VA at Potomac Point in Western Loudoun County! This stunning home offers an unparalleled living experience in a tranquil community boasting NO HOA and NO RESTRICTIONS. Situated on a 3.55-acre lot that backs onto a wooded area providing privacy and serenity. Upon entering, you are greeted by a grand 2-story foyer featuring a Palladian Window, setting the stage for the home's elegant and welcoming atmosphere. The main level includes an abundance of natural light, thanks to its sunny southern exposure, and boasts an open, flowing floor plan perfect for both relaxation and entertainment. The heart of the home is undoubtedly the impressive floor-to-ceiling stone wood burning fireplace, which serves as the focal point of the family room. The main level includes a spacious kitchen complete with an island and eat-in dining area, a formal dining room, formal living room, large sunroom, and a convenient laundry room/mudroom with access to the front yard. Additionally, there is a half bathroom for guests and direct access to the large 3-car garage. On the upper level, you will find four generously sized bedrooms, including a guest suite with a private full bath, while the secondary bedrooms share a convenient jack & jill bath. The highlight of the upper level is the luxurious owner's suite, featuring vaulted ceilings, a spacious sitting/exercise area with skylights, and a spa-like owner's bath with an oversized shower, dual sinks, Jacuzzi tub, and bidet. The lower level of the home has been partially finished with versatility in mind, offering both functional spaces and the potential for further customization to suit your lifestyle needs. Currently, the partially finished area boasts a large recreation room, ideal for gathering with family and friends, a full bath for added convenience, and an office/den, providing a quiet retreat for work or study. Additionally, ample storage space ensures that belongings can be organized and accessed with ease. The walk-out to the private rear yard seamlessly integrates indoor and outdoor living, allowing for effortless enjoyment of the surrounding natural beauty. Looking to expand or personalize the lower level further? The possibilities are endless. Whether you envision additional bedrooms for guests or family members, a home gym to support your fitness routine, a theatre room for cinematic entertainment, or a bar area for hosting gatherings, the ample space provides a blank canvas for your creativity. Alternatively, the unfinished area offers flexibility for additional storage needs, ensuring that your home remains organized and clutter-free. Whatever your vision may be, the lower level of 11595 Mica Pl. offers the opportunity to enhance and customize your living space to perfectly complement your lifestyle. Nestled in the picturesque landscape of Loudoun County, this property offers the perfect blend of luxury, comfort, and convenience. With high-speed internet services available, you can enjoy modern amenities while embracing the peaceful surroundings. Do not miss your chance to experience the best of Loudoun County living at 11595 Mica Pl.!
Property Information
Lot Size
3 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
VALO2064826
Location
Address
11595 MICA PLACE
City
LOVETTSVILLE
State
VA
Zip Code
20180
County
LOUDOUN
Listing
Provider
Keller Williams Leesburg, original listing
Name
Keller Williams Leesburg
Phone
(703) 669-0099
Office Name
Keller Williams Realty
Office Phone
(703) 669-0099
Agent Name
Mark Laing

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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.