Home for Sale at 2211 Skylane Drive, Naperville, IL 60564

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2211 Skylane Drive
Naperville, IL 60564

Deepak Mehta with RE/MAX Professionals Select, original listing - (630) 904-6400

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Property Details

List Price:	$949,900
Beds:	4
Baths:	Full: 5
Status:	Active
SqFt:	5686 Square Feet
Agency:	RE/MAX Professionals Select
Agency Phone:	(630) 904-6400

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Description/Comments

Lot Size:	0 sqft
Property Type:	Residential-Single Family Residence
Year Built:	2000
Notes:	Luxury living in Stillwater of Naperville, one of the most coveted communities in South Naperville! Almost 4000 sq ft ft of living area featuring 5 bedrooms, 5 bathrooms including a full bath on the main floor adjacent to the den/office area. Inviting 2-story foyer, spacious living and dining areas and a grand 2-story family room with double stacked windows! Gourmet kitchen features 42" custom cherry cabinetry, granite counters, spacious breakfast area and a pantry space. As you proceed upstairs; you enter the luxury Primary suite with vaulted ceilings, a spa-like bathroom featuring dual tall vanities with granite counters, separate shower and large soaking tub and a spacious walk-in closet. Bedrooms 2 & 3 share a jack-jill bath and 4th bedroom is an en-suite set up with a full attached bath. Ideal to host guests or family! Hardwood floors throughout the main and the upper floor! All bedrooms feature a walk-in closet! Full finished basement with exterior access, has tons of storage, space featuring a workout area, a media/recreational area, wine cellar, cedar closet and a full bath. New brick paver patio (2024) adds great exterior entertaining space! Easy access to shopping, dining and entertainment. The home is located very close (north of the home) to Springbrook Forest Preserve and that features picnic areas, limestone trails, and to the south conveniently located close to Naperville library, YMCA, L.A. fitness, dining, entertainment and more! Located within Naperville school district #204 schools and Neuqua Valley High School boundaries! Downtown Naperville is just minutes away from the property. Available for a quick closing. Welcome Home!
MlsNumber:	--
ListingId:	12340855

Listing Provided By:	RE/MAX Professionals Select, original listing
Phone:	(630) 699-4656
Office Phone:	(630) 904-6400
Agent Name:	Deepak Mehta
Disclaimer:	Copyright © 2025 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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