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137 Singletree Road
Orland Park, IL 60467
$2,600,000
Conventional
Property
Bedroom
6
Bathroom
7
Property Type
Conventional
Square ft
10486
Property Description
Custom-designed & built on a double lot, sitting on nearly 1.3 Acres in the heart of Silo Ridge Estates, showing nothing but pride of homeownership. Features nearly 13,386 Sq Ft of pure luxury with resort-like amenities. Incredible design combined with exquisite finishes & master craftsmanship. Attention to detail with beautiful millwork & moldings, knotty alder doors, copper accents, walnut hardwood & slate floors, a commercial-grade elevator and so much more. Naturally lit with dramatic volume ceilings & large windows throughout. You're welcomed by a majestic entryway with a fairy-tale staircase overlooking an executive office and a gorgeous party-sized dining room. A stunning great room with multiple sitting areas, 20-foot ceilings, a limestone fireplace, and beautiful built-in cabinetry. A DREAM 'French-country' kitchen with high-end appliances, an expansive center island, a walk-in pantry, and a view of the pool area. The second level features 4 bedrooms and a wide view of the great room. A large master suite highlighted with 100+ year old reclaimed wood accents, access to a private balcony with a view of your professionally landscaped yard. Gorgeous master bath with a double-sided fireplace, soaker tub, separate shower & custom vanities. Spacious bedrooms offer custom-built bunk beds with lighting, cozy window seats, and custom shelving in each walk-in closet. Two of the bedrooms on the second level share an en-suite bathroom with separate closets, a shower room, a soaking tub, and dual vanity. An additional royal-themed bathroom in the hallway next to the 4th bedroom. A unique second-level laundry room offers 2 sets of washers & dryers, a massive center island, and tons of storage. The 3rd level features 2 additional bedrooms with 2 comfortable-sized sitting areas. Looking for more room? A full, finished lookout basement is waiting for you with 2 rooms, a wide open game room a full bath, a fitness center, and storage rooms. A One-of-a-kind year-round entertaining area with a large indoor pool & spa, waterfall accent, slide, and a large indoor grilling space with multiple sitting areas with access to a wraparound stamped concrete patio. One of the biggest backyards in Silo-Ridge, private & professionally landscaped and includes a sprinkler system. 3-car heated garage with a heated driveway. This unique property has been meticulously kept with many updates including a brand new 2023 $140K roof, new garage doors, professional exterior lighting, a new pool electronic filtration system, a complete surveillance system, and much more. Top-rated schools. A truly special property. Must see in person to appreciate.
Property Information
Lot Size
1 acre(s) square ft
Property Type
Residential
Year Built
2006
MLS Number
12042812
Location
Address
137 Singletree Road
City
Orland Park
State
IL
Zip Code
60467
County
COOK (COUNTY SOUTHWEST)
Listing
Provider
HomeSmart Realty Group, original listing
Name
HomeSmart Realty Group
Phone
(708) 320-0002
Office Name
HomeSmart Realty Group
Office Phone
(708) 320-0002
Agent Name
Dia Azra

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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.

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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.