Home for Sale at 5643 Holmes Avenue, Clarendon Hills, IL 60514

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5643 Holmes Avenue
Clarendon Hills, IL 60514

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Property Details

List Price:	$309,500
Beds:	2
Baths:
Status:	Active
SqFt:	1148 Square Feet
Agency:	Compass

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Description/Comments

Lot Size:	0 sqft
Garage:	Garage
Property Type:	Residential-Townhouse
Year Built:	1981
Notes:	Welcome to 5643 Holmes Avenue, a rare find in the highly sought-after Clarendon Hills and Hinsdale Central school district! This charming 2-story townhome, nestled within a private and peaceful 6-unit community, offers a sunny South facing exposure that floods the home with natural light and boasts fresh updates throughout. Step onto the private sidewalk that leads to the welcoming front porch, perfect for enjoying the professionally landscaped grounds. The main floor features an open and airy layout, including a Living Room with a cozy fireplace, a spacious Dining area for entertaining, and a fully equipped Kitchen with granite countertops. Adjacent to the Kitchen is a convenient Laundry Room, making daily chores a breeze. Glass sliding doors open to a large private deck, providing ample space to enjoy the outdoors. Upstairs, you'll find two generous bedrooms with all new carpeting and a full bathroom. The large Primary Bedroom features a walk-in closet and a separate entrance to the bathroom, which includes two vanities, white quartz countertops, deep soaker tub, and tile floors. This home also includes a one-car garage with overhead storage and an additional designated parking space. Many recent improvements including: Furnace (2021), Washer, Dryer, Water Heater (2022), Main Floor Paint, Front Door Paint, New Storm Door, Carpet, (2024). Its outstanding location puts you just steps away from parks, grocery stores, downtown Clarendon Hills, Metra, and more. Don't miss this exceptional opportunity to own a piece of Clarendon Hills living in this pet-friendly, townhome with modern amenities and a prime location. Schedule a showing today and make this your new home sweet home!
MlsNumber:	--

Listing Provided By:	Compass, original listing
Phone:	(630) 975-0088
Office Phone:	(630) 974-6750
Agent Name:	Kris Berger
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.

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.

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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