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VA ASSUMPTION Veterans with Full VA Eligibility and Substitution can Assume VA Loan with an approximate $1,700,000.00 Remaining Balance and approximately 27 years remaining on this assumable VA loan at 2.75 percent with an estimated 3.25 percent Annual Rate of Return (APR) with 25 percent down with a Seller Held Second Trust in the amount of $175,000.00 at 7 percent interest only for 5 years with an estimated APR of 7.3 percent with no prepayment penalty. <br />
Reyle & Company performed an independent appraisal of the property, and the appraised value came in at $2,700,000. It is available for your review in Documents. This Home has over 41 Acres and is 1 of 9 Homes in Paeonian Springs with 40 acres or more. Built in 1999, more than 50 percent of Paeonian Springs Homes were built from 1990 to now. In Paeonian Springs, thus far in 2024, 3 Homes with 20 acres or more respectfully sold for $2,750,000.00 (29 acres), $3,300,000.00 (31 acres), and $3,600,000.00 (50 acres). 2 of these 3 sales were in Beacon Hill’s Large Acreage Estate Homes. Large Acreage Homes in Paeonian Springs are beautiful year-round, especially with the magnificent foliage, and are equally impressive real estate investments. It appears that Very Large Acreage Homes in Paeonian Springs are ascendant. <br />
It is in The Legendary Beacon Hill Development but with No Homeowner Association! Only 39 Very Large Acreage Estates (10 Acres or More) exist in Paeonian Springs. 36 of these 39 Large Acreage Estates are in Beacon Hill, and all these 36 Large Acreage Estates in Beacon Hill are only in Paeonian Springs. There are no others! <br />
Harold Samuel, a British real estate mogul, is often credited with coining the phrase, “There are three things that matter in property: location, location, location!” Investopedia defines "Scarcity" as "Scarcity occurring when demand for a good or service is greater than availability." Paeonian Springs's impressive sales prices referenced above demonstrate strong demand. Paeonian Springs has fewer than 300 homes. Paeonian Springs homes' sales scarcity and solid demand are financially very appealing. This Property's Beacon Hill Location also offers the Best of Both Worlds: Nature's Unparalleled Beauty Year-Round and Simultaneously Proximity to Shopping Centers, Restaurants, Antiques, Shops, Delivery, etc., of Leesburg, One of Northern Virginia's Largest Cities.<br />
There is a Shooting Range, a Creek, 4 Wells, Wildlife, and an ATV access path to help you enjoy accessing all this towering treelined private estate. <br />
Mark Twain said, “Buy land; they're not making it anymore.” Paeonian Springs, VA, is a remarkable illustration of Twain’s tongue-in-cheek statement. In 2024, in Northern Virginia, homes built from 1980 to the present with more than 40 acres sold from $2,710,000.00 to $3,600,000.00. This data indicates that the demand for Large Acreage Estates near the Nation’s Capital is an excellent investment. This spectacular Three Level, All Brick Colonial, Custom-Built Home with a Beautiful Pool offers you Five Gorgeous Bedrooms and Five Full Bathrooms and Two Half Bathrooms on the most private tree-lined 41 Acres in Beacon Hill in Paeonian Springs, Virginia. Opportunities like this are rarely available. This Dream Home Boasts Over 4,800 Square Feet of Finished Living on the Upper Two Levels. Over 2,400 square feet on the lower level, with a fully finished walk-out Basement, Sauna, and plenty of sunshine streaming into the home throughout. The total Square Footage is approximately more than 7000 square feet of luxury waiting for you to call Home. This Impressive Luxurious home was Built in 1999 celebrating the twenty-first century in style. The upgrades are numerous, with over $100,000 in Eco-Friendly and High-End Upgrades from flooring to appliances, all listed in the Documents section entitled “Renovations and Upgrades Summary.” The home is palatial, so treat yourself now to the lavishness you love. |
