Congratulations to Todd & Janetta who purchased this lovely home in Foxridge neighborhood today (located in SW Leesburg VA).
It’s a beautiful single family home in the town limits of Leesburg, walking distance to old town with easy access to the W&OD bike trail.
It features 3 bedrooms, two and a half baths, and a one car garage. Homes in Foxridge are known for their small lots – great for those that don’t want a lot of yard maintenance but do want a little of their own “outside space”. The 6 foot privacy fence provides a nice quite retreat in the backyard.
Homes here are also known for having a traditional exterior style, but contemporary flares and open floorplans inside. This home is no exception. It boasts a two story living room, maximizing the feel of the space. Kitchen has been updated and has new granite counters and stainless steel appliances; with a cozy family room right off the kitchen. There are laminate floors throughout the home, which is perfect since the new owners plan to use this home as a rental/investment home…. that should help cut down on maintenance costs signficantly.
It also happens to be one of the largest lots in Foxridge, and backs to the park. (Double bonus!)
Previous owners are doing a “rent back”, and will be able to stay in the house until their new home in Round Hill is built, making this a perfect win-win situation for all. My clients, the new owners, have a home with no vacancy loss from day one, and no management fees to pay for several months. The previous owners will not have to move twice in only a few months. Win-Win!
What makes a good rental investment home? With a sales price of $346,000, the new owners anticipate a rent of about $2,200 a month once it’s on the open rental market, which will bring a bit of cash flow from day one even after the cost of their home loan….and the sales price was below the appraisal price. Score!
Are you looking to buy or sell a home in Foxridge, or another area in Leesburg (VA)? Perhaps you’re interested in real estate investing? Whatever your real estate needs, I am hear to help!