Home for Sale at 45164 DROWES TERRACE, DULLES, VA 20166

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45164 Drowes Terrace
Dulles, VA 20166

Brittany Newman with DRB Group Realty, LLC, original listing - (240) 457-9391

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Property Details

List Price:	$720,990
Beds:	3
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2308 Square Feet
Agency:	DRB Group Realty, LLC
Agency Phone:	(240) 457-9391

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Condominium
Year Built:	2025
Notes:	OFFERING UP TO 15K IN CLOSING ASSISTANCE WITH USE OF PREFERRED LENDER AND TITLE. New Construction, luxury 2-level condo located in the Kincora community in Dulles, Virginia is available for January move-in. Enter the Clarendon from either the main front entrance or the private entrance through the rear garage. Both entry points lead to the main living level which opens to the dining room and an adjacent powder room. This END UNIT home has an abundance of light with windows on 3 sides of the home, 9-foot ceilings throughout & LVP flooring throughout the main level. The center kitchen showcases an open design with KitchenAid Stainless Steel Appliances and an oversized 12' island. Continue to the rear of the main level, where the great room seamlessly connects to an outside covered lanai with an outdoor gas fireplace. The primary suite includes an enormous walk-in closet and an ensuite bath equipped with a dual sink vanity, a walk-in shower with a seat, and a private water closet. Additionally, there are two generously sized secondary bedrooms, a full bath with a dual sink vanity, and a conveniently placed laundry room on the upper level with a wash basin. *Photos may not be of actual home. Photos may be of similar home/floorplan if home is under construction or if this is a base price listing.
MlsNumber:	--
ListingId:	VALO2085278

Listing Provided By:	DRB Group Realty, LLC, original listing
Phone:	(240) 457-9391
Office Phone:	(240) 457-9391
Agent Name:	Brittany Newman
Disclaimer:	Copyright © 2025 Bright MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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.

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