Home for Sale at 180 N East River Road, Des Plaines, IL 60016

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180 N East River Road
Des Plaines, IL 60016

Mark Kelner with United Realty Group, Inc., original listing - (888) 964-1977

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Property Details

List Price:	$489,900
Beds:	3
Baths:	Full: 3, ½: 1
Status:	Active
SqFt:	1897 Square Feet
Agency:	United Realty Group, Inc.
Agency Phone:	(888) 964-1977

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Description/Comments

Lot Size:	0 sqft
Garage:	Garage
Property Type:	Residential-Townhouse
Year Built:	2024
Notes:	Welcome to the Townhomes at Insignia Glen 2, located in Des Plaines, where we are excited to announce the upcoming construction of 16 tri-level townhomes anticipated to be completed in Fall 2024. Each unit is thoughtfully designed with 3 bedrooms and 3.5 bathrooms, providing ample space across the lower, main, and upper levels. Enjoy the convenience of a two-car garage and a private bedroom with a full bathroom on the lower level-perfect for guests or as a secluded retreat. The main level features 9 ft. ceilings that add an airy, expansive feel to the home and is designed for living and entertaining, featuring an open-plan kitchen with a central island and pantry, a spacious living area, a half bathroom, and a balcony. The upper level continues the theme of comfort and privacy with a laundry closet with a washer and dryer and two large bedrooms, each with its own ensuite bathroom and walk-in closets. All three levels boast 9 ft. ceilings, enhancing the sense of openness throughout the home. This development is spread over just under an acre and will be designed with community in mind, featuring landscaped common areas, green spaces, and pedestrian pathways that encourage outdoor activities and relaxation. Convenient access to East River Road means you're never far from local amenities and services. These homes, spanning between 1,882-1,897 square feet, offer modern living spaces designed with quality finishes and attention to detail. Don't miss the opportunity to be part of Insignia Glen 2, a community that combines modern convenience with stylish living. Contact us to learn more and reserve your new home today. Unit A - Lot 13.
MlsNumber:	--
ListingId:	12005218

Listing Provided By:	United Realty Group, Inc., original listing
Phone:	(888) 964-1977
Office Phone:	(888) 964-1977
Agent Name:	Mark Kelner
Disclaimer:	Copyright © 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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.

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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.

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.

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