Ashburn’s 3 Million Dollar Foreclosure Sale
If you have driven down Belmont Ridge Road with your eyes open, you have seen Osama El-Atari’s former home on the corner of Belmont Station Drive. This multi million dollar home has been vacant for the last few months since El Atari supposedly fled the country this past spring. El-Atari was indicted on multiple charges that equal over $40 Million in unpaid debt.
The 8,000 square foot home is a common size for the The Chase At Belmont Country Club community. However, El-Atari also purchased the neighboring lot which provides this home extra space. Apparently, the home has been damaged while sitting vacant though there are plans by the bank to make repairs prior to selling it.
There is no date currently given as to when the home will be listed for sale or for how much it will be listed for. The latest assessed value of the home was $3.65 million according to property records. However, with the widening of Belmont Ridge Road and the latest home sale prices in the community, I suspect that the sales price will be much lower.
