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3108 Covered Bridge Lane
Dekalb, IL 60115
$469,500
Conventional
Property
Bedroom
5
Bathroom
4
Property Type
Conventional
Square ft
4097
Property Description
A Truly Remarkable Home! Every aspect of this 5 bedroom home has been meticulously maintained! A One Owner Home! Well located in Bridges of RIVERMIST. Walking through the front door one is greeted by the open foyer and custom wrought iron staircase. The ample formal dining room boasts crown molding and oak flooring. The library/office with its vaulted ceiling, wainscoting, and custom built-ins are remarkable. Walking into the living room one is immediately impressed by the two sided stone fireplace which is also shared with the custom kitchen. The views from these locations are a natural wonder of trees, ponds, and creek. Doors open to an enormous maintenance free deck ideal for entertaining. The custom kitchen is a work of art. Custom cabinets with soft close drawers, crown molding, granite counters, tile backsplash, stainless steel appliances, and so much more. Convenient first floor laundry with sink and ample storage. The upper level of this home is anchored by the master suite featuring a tray ceiling with crown molding. The walk-in closet offers generous space. The master bath is amazing with its jetted tub, separate vanities, and custom fully tiled standup shower. The three additional bedrooms on this level feature ceiling fans, engineered hardwood floors, and ample closet space. The full bath features a double sink and tile tub surround and tile floor. And yes there is more...the finished walkout lower level is as nicely decorated as the rest of this unique home. The carpeted family room is comfortable and includes an area with a tile floor for table games and snacks. The 5th bedroom has legal egress size window and large closet space. A convenient full bath with tub adds to making this entire finished area very user friendly. There is also a workout/office room to round out this amazing space. This area is wired for surround sound as well. The walkout area has direct access to the 18x30 brick paver patio. There is also a shed for easy storing of outdoor items. The 3 car attached garage has it own heater. All the features of this home have been updated! Move right in and enjoy care free living! . A standout luxury home for your entire family.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2000
MLS Number
12041732
Location
Address
3108 Covered Bridge Lane
City
DeKalb
State
IL
Zip Code
60115
County
DE KALB
Listing
Provider
RE/MAX Experience, original listing
Name
RE/MAX Experience
Phone
(815) 751-4631
Office Name
RE/MAX Experience
Office Phone
(815) 895-8900
Agent Name
Tom Skora

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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.