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Distressed Equine Property Summary

Owner declares bankruptcy in July 2011. Lender stuck with $3.75M OREO on their books.

AddressMortgage Hall
35487 Snake Hill Road
Middleburg, VA 22017
Front of Main House Photo 2 of 3 barns Horses Stalls
Nearby LandmarkBack of property abuts
Middleburg Training Center
35355 Training Center Ln (Rt 611)
Middleburg, VA, 20117
540 687-3041
Year Built1850
DescriptionHistorical Hunt Country Manor + Commercial Horse Breeding
StyleMain House: Georgian
Current BrokerN/A
Previous Owners
ArticlesWashington Life - March 2010
Bedrooms8, between 3-buildings
Acres121
Barns3
Horse Stalls37: 6 + 7 + 24
Swimming PoolGunite over Concrete
Size ___x___x___ft / ___ gallons
Pool House___
Equine Poolyes, heated
Fencing4-board
Dressage ArenaOutdoor, Blue Stone
Lake/Pond__Gallons / ___ Surface Area
Fishing: ___
HeatingOil Boiler
Air ConditioningNo
Stone Column Entrywayyes
Front Entrance Gateyes, wrought iron
Automatic Gateno
Paddocks___
WaterWell / City ?
Water Softener___
Septic___Last checked/pumped
Backup Generator___
Tennis Court___
Tenant Houses2
Conveying Equipment___
CountyLoudon
Private SchoolsFoxcroft for girls, grades 9-12
Public Schools
Elementary K-6Banneker Elementary
35231 Snake Hill Rd
Middleburg, VA 20117
Middle 7-8

High 9-12

VeterinariansCandace Lundin, DVM
Dr. Calvin Rofe of Mayo & Rofe & Jeannie Rofe rehabs & breeds horses here @ Mortgage Hall
FarriersJohn & Sarah Pemberton (540) 229-0857
Pony Club POC
TrackNext door @ Middleburg Training Track
Income$59,000 reported in 2009
MLS #LO7494868
FIPS51107
APN596-27-6908-00
Appraiser
Mortgage Lendor
MiddleBurg Bank
111 West Washington St
Middleburg, VA 20117
106 Catoctin Cir SE
Leesburg, VA 20175-3717
Mortgage POCDavid Musgrave (703) 737-3431
Loan Amount$3,789,048.02
"Secured"$3,750,000.00
Junior Mortgage
Real Estate Taxes$ 31,600.0

Bankruptcy

My LeadGreenberg Traurig: Opportunities in Distressed Real Estate Assets
Filing DateJuly 5, 2011
U.S. Bankruptcy CourtEastern District of Virginia (Alexandria)
[Bankr. E.D. Va.]
TypeChapter 11
Petition #11-14959-RGM
Bankrupt.comClick to see actual filing
B1 (Official Form 1)(4/10) Voluntary Petition

Debtor

NameAlphabet Soup LLC
AddressPO Box 2228
Middleburg, VA 20118
Tax ID / EIN20-8650155
Company Principal
Managing Member
John A. "Jack" Andrews
23330 Sam Fred Road
Middleburg, VA 20117
Catholic Church? map
Debtor represented by Madeline A. Trainor
Cyron & Miller, LLP
100 N. Pitt Street, Suite 200
Alexandria, VA 22314
(703) 299-0600
Fax : (703) 299-0603
Email: mtrainor@cyronmiller.com

Trustee

U.S. Trustee W. Clarkson McDow, Jr.
Office of the U.S. Trustee
115 South Union Street
Alexandria, VA 22314
703-557-7176

Zillow Sales Summary

DateDescriptionPrice% Chg$/sqftSource 
12/09/2011Listing removed$3,900,000--$760Middleburg Real Estate
10/22/2011Price change $3,900,000-18.7%$760Middleburg Real Estate
12/14/2010Listed for sale$4,795,000-2.1%$934Middleburg Real Estate
10/15/2010Listing removed $4,900,000--$955Weichert Realtors
02/19/2010Listed for sale $4,900,000--$955Weichert Realtors
02/19/2010Listing removed $4,900,000--$955Reuter's Real Estate
11/21/2009Listed for sale $4,900,000-16.9%$955Reuter's Real Estate
01/18/2009Listing removed$5,900,000--$1,150iHOUSEWeb Solutions, Inc
12/09/2008Listed for sale$5,900,000--$1,150iHOUSEWeb Solutions, Inc
03/27/2007Sale$5,250,000$1,290Public Records

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Lake Photo Valley View in the Snow

Loudoun County Tax Administration

Tax Map No. PIN AddressRecordation DateSale PriceSale Type DescriptionDeed Bk/Page OR Instrument ID
/72////////44/
596276908000
35487 SNAKE HILL RD 2011-12-27$2,000,000INVALID-TO/FRM BANK 201112270080990
The United States Trustee Program is a component of the Department of Justice responsible for overseeing the administration of bankruptcy cases and private trustees under 28 U.S.C. §586 and 11 U.S.C. §101, et seq.
We buy equine properties in Aiken; Saratoga Springs; Wellington & Palm Beach
Jules Bartow