Distress Sale of Luxury Homes = Maximum Savings

DC Luxury Home for Absolute Auction, No Minimum Bid

As we move into the real estate recovery, there are fewer short sales and foreclosures coming on the market.  However, there are still some really interesting real estate opportunities coming on the market in the DC & Northern Virginia area.

Take for example,  3101 Chain Bridge Road NW, Washington, D.C. 20016.  This home is currently valued at over $15,000,000, but is being offered for absolute auction on April 6, 2013. Here are some of the details about the property:

SHEER SPLENDOR!  Said to be the grandest property in Washington, D.C., this stately mansion is in a magnificent location overlooking historic Battery Kemble Park.  The estate offers over 15,000 square feet of luxury living which includes a ballroom with a butler’s pantry and two bathrooms.  In addition, a pool/guest house, gym, seven bedrooms, eight full bathrooms, 4 half bathrooms, cozy library with a fireplace, generous kitchen, dining room that seats eighteen, large living room with a fireplace and a family room with a fireplace and porch.  The main level of the home is designed around a wide central hall and boasts a huge, very comfortable elevator, and a caterers entrance/garage downstairs.  An enclosed rooftop ensures spectacular evening entertaining for family, friends and VIP’S!

Some of my clients have been building their real estate portfolios over the past few years by bidding at auction.   I have never seen as much auction activity as in the past 3 years.  There are usually on-line auctions of moderately priced homes on-going in the area.  I am always receiving notifications of properties for sale at auction, and the auctions are usually set up for Realtors to show their clients the properties before the auction.  Of course, these properties are being sold AS IS, without inspections.  However, in my experience, the title is clear when the properties transfer to the new owner

Let me know if you would like more details about this property?  Or if you would to receive notifications of “cheap homes” being sold in the area?

703-336-3745

Tesla Charging Station open in Tyson's Corner

Northern Virginia Sales Contract

Here is a video I recently recorded to help explain the Northern Virginia Sales Contract. Please visit my website for more resources and information. 

www.TaylorBrown.com

Buy a Magnificent DC Home at Auction Price

Good morning friends and clients!

 

I am always seeking out the best bargains in local real estate for my clients.  If you, or one of your friends have been waiting for a super deal on a luxury home, you may want to consider taking a look at this riverfront property. With over 20,000SF, acreage, pools, garages and much more.  This is a once-in-a-lifetime opportunity to purchase one of the DC regions most magnificent homes. Let me know if you would like more details, or just enjoy browsing at the opulent lifestyle opportunity.

Karrina Taylor Brown MBA

Associate Broker

Re/Max Allegiance

Phone 703-336-3745

Fax 866-813-4010

www.taylorbrown.com 

 

Foreclosure Auction: Magnificent Home on Potomac Thursday, February 21 @ 11:00 AM ET Property Location: 201 Chain Bridge Rd McLean, VA 22101  Auction Location: Arlington County Circuit Court Courthouse 1425 N Courthouse Rd Arlington, VA 22201

#3 On Washingtonian’s Most Expensive Homes List* Foreclosure Auction! This magnificently appointed Mediterranean-style estate is surrounded by incredible views of the Potomac and Washington Skyline. Located on “McLean’s Gold Coast”, this sprawling estate sits on a double lot totaling 2.66 acres and offers phenomenal privacy with convenient access to Downtown McLean, Tysons Corner and Washington, DC. This premier community also provides excellent schools, easy access to major airports and close proximity to fine dining and upscale shopping opportunities. Comprised of well over 20,000+/- square feet of lavish living space and recreational area, this premier estate is the ultimate in luxurious comfort and amenities, and believed to be improved by 10 fireplaces, elevator, high ceilings and massive windows that expose breathtaking views and plentiful natural light. A beautiful gourmet kitchen with huge center island is ideal for entertaining family and friends. The kitchen offers exquisite cabinetry and quality countertops. The relaxing master suite features a private balcony with incredible views. Exceptional details and quality features both inside and out, including detached guest house and staff quarters, basketball court, men's gym and showers, separate ladies gym and spa, steam showers, sauna’s, indoor exercise pool, billiards room, 2 lane bowling alley, movie theater and ample parking options with a 15 car underground garage and private 3 car garage. Plenty of room for open-air entertaining with an outdoor swimming pool, outdoor spa, patio, outdoor kitchen and covered veranda with fireplace to complete this extraordinary estate. *Washingtonian Magazine April 2012 The Property shall be sold in “As Is,” “Where is,” and “With all Faults” condition.   tranzon.com Tranzon Fox is a member company of Tranzon, LLC and Tranzon International, LLC. All Tranzon companies are independently owned and operated. Information contained herein is believed to be correct to the best of auctioneer/agent's knowledge but is subject to inspection and verification by all parties relying on it. Sellers, their representatives and auctioneer/agent shall not be liable for inaccuracies, errors, or omissions. All square footage and other dimensions are approximate. This offering is subject to prior sale and may be withdrawn, modified or cancelled at any time without notice.

New Year, New Taxes, New Forms for Virginia Real Estate in 2013

While the real estate market in the commonwealth is roaring ahead with the State sales up 18%, and prices up 12%¹, the Realtors are active in making sure that the voice of home-owners is heard and that the good news will continue in the Commonwealth.

One of the most important factors of a location is reaching it through the transportation system.  The Virginia Realtors are supporting Gov. Bob McDonnell’s transportation bill in order to facilitate adequate funding for our roads and transportation systems.  Revenues from the 17.5c/gallon gasoline tax, which was put in place in 1986, have been falling due to the improved efficiency of cars, and the increase in the use of alternative fuel vehicles.  Meanwhile, the transportation costs are increasing as the number of miles has risen, and due to increased asphalt prices.  This has created stress within the transportation budget;  funds are being diverted from public transportation and new roads to maintenance.  The Governor is proposing to get rid of the gasoline tax, and instead raise the sales tax by .8c.  This will result in a sales tax of 5.8% for most goods, which is lower than the surrounding states.  Sales tax revenues do grow with inflation, which means that the funds will be available to cover increasing costs.  This alleviates the transportation fund being dependent upon the stagnant tax revenues from the sales of the number of gallons of gasoline.   Also, registration fees will rise $15, and there will be an additional $100 fee to register an Alternative Fuels Vehicle.   All this results in the additional funds needed to keep Virginia’s roads & rails running efficiently, and keep commuting times reasonable in the bustling Commonwealth.

The Northern Virginia Association of Realtors (NVAR) has been busy again updating their standard forms.  Among other miscellaneous changes, the standard listing agreements and buyer agency forms which are used by the sellers and buyers to hire their Realtors have been updated.  Now these agreements will expire at midnight on the agreed date.  I thought that my work hours were long enough, as the contracts have always included weekends and time-frames which ended at 9pm each day.  The real estate contracts still use the 9pm time-frame for the expiration of contingencies etc.  Welcome to the 24 hour world of electronic communication!!

1.              Full report available at http://www.varealtor.com/sites/default/files/Virginia%20Monthly%20Report[1].pdf
2.         http://www.governor.virginia.gov/utility/docs/Transportation%20funding%20fact%20sheet.pdf

Great Time to Rehab a property in the Northern Virginia Real Estate Market

 In the bleak mid-winter this is a great time to get a head-start on the local real estate market.  Northern Virginia real estate market is leading the country out of the recession.  With the lowest unemployment rate of major markets and leading job growth, the demand is strong.   There are fewer homes on the market than usual as the number of distressed properties is declining, and other sellers wait for prices to rise.   The aging housing stock is also contributing to the number of rehab possibilities.  Some home-owners have been very comfortable in their older homes, and have not upgraded them to modern buyer’s standards.  These homes are often in good locations.  At the same time, today’s busy young professionals often want to buy homes which are “ready-to-go” with modern amenities, and will pay top dollar for a comfortable,  modernized home.

At this time, I have a great rehab listing available in Old Town Alexandria.  This 1970's home is currently occupied, but it could do with a new kitchen & replaced baths, and fixtures etc.  The nearby renovated homes are selling for more than $150,000 more. It is in a great location on a quiet street, walking distance to King St Metro, shops & the waterfront, with off-street parking and 3BR 1.5BA.  The property is available for $425,000.

Call or email me today if you would like to see this property. I expect it to sell quickly.

I recently took a trip to the Hirshhorn Sculpture Garden and snapped a few pics. The famous Burghers of Calais by Rodin is located here as well as many other interesting pieces.