Home for Sale at 348 S Alkire Street, Greenview, IL 62642-9651

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348 S Alkire Street
Greenview, IL 62642-9651

John McIntyre with Do Realty Services, Inc., original listing - (217) 391-3636

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Property Details

List Price:	$219,900
Beds:	3
Baths:	Full: 2
Status:	Active
SqFt:	2610 Square Feet
Agency:	Do Realty Services, Inc.
Agency Phone:	(217) 391-3636

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Description/Comments

Lot Size:	0 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	1955
Notes:	Here we have a large, gorgeous, ranch style home, featuring 3 bedrooms, 2 full baths, large open floor plan with a beautiful kitchen with island and seating and tons of storage, open to the family room and informal dining room which is open through the French doors to the 4 season room that is heated and cooled. The formal dining room is just steps from the kitchen and is also open to the 4 season room with another set of French doors. Enter the home through the front door and you are greeted by the formal living room. Down the hall is the main guest bathroom with a sink for kids to get ready in the mornings and then inside is the tub, toilet and a private sink, pretty sweet. The 3 bedrooms are all really good sized. The primary bedroom is 17.6' x 15.7' and with the primary bath being 15.7' x 10.6' totaling 560 square feet alone of private "Primary Bed and Bath Heaven". There is a 1.5 car attached garage and a 4 car detached and heated garage that is 41' x 24' and fenced backyard. There is a commercial grade heat and air outdoor furnace for the home. It was just cleaned, topped off the freon and changed out the TXV valve aka: thermal expansion valve. This is a must see home. Oh and the home has newer solar panels that will give you a zero electric bill amount due monthly. This is a purchase lease not a rent lease is transferrable to the new owners. All appliances stay in kitchen also the washer and dryer. ADA features for a wheel chair are already in place.
MlsNumber:	--
ListingId:	CA1032765

Listing Provided By:	Do Realty Services, Inc., original listing
Phone:	(217) 391-3636
Office Phone:	(217) 391-3636
Agent Name:	John McIntyre
Disclaimer:	Copyright © 2024 RMLS Alliance. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing