Home for Sale at 0s734 Forest Street, Winfield, IL 60190

Refine Search

0s734 Forest Street
Winfield, IL 60190

Cindy Banks with RE/MAX Cornerstone, original listing - (630) 686-7900

« Prev

Property Details

List Price:	$425,000
Beds:	4
Baths:	Full: 2, ½: 1
Status:	Active
SqFt:	2600 Square Feet
Agency:	RE/MAX Cornerstone
Agency Phone:	(630) 686-7900

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	0 sqft
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1955
Notes:	SELLER is offering an interest rate buy down in the 4% range - call for details! Large ranch sits on a beautifully landscaped, fenced lot with mature gardens and trees, creating a serene outdoor setting. Inside, a spacious, open-concept living room welcomes you, featuring a striking stone brick fireplace and French doors that open to a sun-filled family room with direct access to an elevated deck. There are hardwood floors under carpeting. The bright dining room is highlighted by a large picture window, allowing natural light to flood the space. The kitchen, remodeled in 2016, showcases granite countertops, stylish cabinetry, and modern appliances, including a new oven/range in 2021 and updated fridge and dishwasher in 2019. Adjacent to the kitchen is an inviting enclosed porch with plenty of windows, offering a seamless flow to the backyard. The primary bedroom serves as a private retreat, complete with an updated en-suite bathroom (renovated in 2018). Two additional generously sized bedrooms (or an optional den) and a full hall bathroom complete this area. Off the back, you'll find two more bedrooms and a half bath, offering privacy and versatility. Outside, the large fenced backyard is perfect for outdoor gatherings, featuring a deck, patio, and a 12-foot swing set for endless fun. A basement provides ample storage, while the oversized two-car garage includes a workshop for added convenience. Recent updates include a brand-new roof in 2024, a sump pump and A/C unit in 2023, and a new washer in 2022. Don't miss out on this well-maintained home-schedule your visit today!
MlsNumber:	--
ListingId:	12182272

Listing Provided By:	RE/MAX Cornerstone, original listing
Phone:	(630) 533-5900
Office Phone:	(630) 686-7900
Agent Name:	Cindy Banks
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.

Local Real Estate Expert

Larry Lazar

Charles Rutenberg Realty

Mobile: (312) 933-7822

Contact Me

USHUD.com on the Go!

Foreclosure Mobile App

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.

HudExchange.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

HudExchange.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -