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13106 W Creekside Drive
Homer Glen, IL 60491
$515,000
Conventional
Property
Bedroom
4
Bathroom
3
Property Type
Conventional
Square ft
2712
Property Description
Brick ranch home with a finished walkout basement backing to Long Run Creek! Open main-level gathering space includes a welcoming foyer, large living room, separate dining room, eat-in kitchen with tons of cabinets, skylight, full appliance package, and newer countertops with bullnose edge and a subway tile backsplash with custom inlay. Kitchen eating area extends towards the family room which has a wood-burning fireplace with gas starter and logs, and a vaulted ceiling. All four bedrooms are oversized, with the front bedroom optionally being used as an office. The master bedroom has a walk-in closet and a bathroom with a walk-in shower. Main level laundry room with washer and dryer included, too! Perfect for family gatherings, there is a powder room off the kitchen, and sliding doors out to a newer synthetic deck covered by a 14' power awning and overlooking the 3/4-acre lot. Downstairs is even more finished space, with a rec room wired for sound and a sliding door out to a concrete patio, utility room, and massive storage area. Updates and upgrades include professional waterproofing, water heater (2023), synthetic deck (2019), tear-off roof and A/C (2009), high-efficiency furnace (2008), and Pella triple-pane wood casement windows with between-the-glass blinds (2009). Convenient location tucked away on a quiet street but just a couple of blocks from Goodings Grove Elementary School and shopping/restaurants along 143rd St and Bell Rd, 9 minutes to I-355 @ 143rd, and 10 minutes to Metra SWS @ 143rd.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1988
MLS Number
12037925
Location
Address
13106 W Creekside Drive
City
Homer Glen
State
IL
Zip Code
60491
County
WILL (SOUTH)
Listing
Provider
Keller Williams Preferred Realty, original listing
Name
Keller Williams Preferred Realty
Phone
(708) 798-1111
Office Name
Keller Williams Preferred Rlty
Office Phone
(708) 798-1111
Agent Name
Alexander Fenske

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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.