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47105 Glenaire Court
Sterling, VA 20165
$1,050,000
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4030
Property Description
OPEN HOUSE CANCELED. BE SURE TO VIEW THE VIDEO & MATTERPORT 3D TOUR! Welcome to this beautiful Ryland Home located in Eastern Loudoun's sought-after Cascades/Potomac Lakes community! This spacious Avondale/Extended Model boasts 5 Bedrooms and 3.5 Bathrooms on three levels with over 4,000 square feet of living space. The 5th main level Bedroom provides ample space and privacy for an au pair or for multi-generational living with direct access to the remodeled Full Bathroom and Laundry Room. The light-filled two-story foyer welcomes you into the freshly painted interior adorned throughout with Brazilian Cherry hardwood floors. Entertain with style in the combined Living and Dining Room, perfect for hosting gatherings and creating memories! The Family Room with built-ins and a gas fireplace is ideal for relaxing! The Eat-In Kitchen is a chef's delight, featuring quartz countertops, stainless steel appliances, a center island, and abundant cabinets for plenty of storage. The rear staircase, located off the Kitchen, leads to the upstairs where you will find newly installed hardwood floors and an open Loft, which overlooks the Living Room. The generous Owner's Suite is a restful retreat with the newly remodeled Primary Bathroom. This elegant ensuite offers a glass-enclosed shower, a soaking tub, and a dual vanity with quartz countertops. The beautiful, serene porcelain tiles complete this luxurious Primary Bathroom! The additional three spacious Bedrooms, two of which boast walk-in closets, access the Hall Bath. The Loft, which offers a perfect spot for a home office, provides a quiet and separate workspace away from the main living areas or a quiet reading nook for book lovers! The walk-up lower-level Recreation Room offers both functionality and relaxation, ideal for game night or a weekend of crafting! Adjacent to the newly remodeled Half-Bath is a utility room equipped with a wet sink. Organization is made easy with the ample storage available in the large storage room. The inviting rear yard leads to a spacious Trex deck, offering a picturesque setting for outdoor dining, lounging, or simply enjoying the fresh air, and for the ultimate in relaxation, a covered Jacuzzi hot tub awaits, providing the perfect spot to unwind after a long day. Enjoy all of these Cascades HOA amenities: five outdoor swimming pools, tennis and pickleball courts, basketball courts, two fitness centers, tot-lots, and many miles of walking and hiking trails! Recent updates are as follows: (2024) Interior Fresh Paint, Anderson Sliding Doors in Kitchen & Lower-level, Upper-level Capacitor; (2023) Brazilian Cherry Hardwood Floors on Upper-level and Stairs, Remodeled Primary Bathroom, Main-level Full Bath & Lower-level Half-Bath, Refrigerator, Dishwasher; (2022) Roof, Lower-level HVAC, Washer; (2019) Hot Water Heater.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1996
MLS Number
VALO2068212
Location
Address
47105 GLENAIRE COURT
City
STERLING
State
VA
Zip Code
20165
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
Espe Labate

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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.