Home for Sale at 430 Wagon Creek Loop, Creal Springs, IL 62922

Refine Search

430 Wagon Creek Loop
Creal Springs, IL 62922

MELISSA PLANT with COLDWELL BANKER J. DAVID THOMPSON, original listing - (618) 997-1868

« Prev

Property Details

List Price:	$1,600,000
Beds:	6
Baths:	Full: 6
Status:	Active
SqFt:	6412 Square Feet
Agency:	COLDWELL BANKER J. DAVID THOMPSON
Agency Phone:	(618) 997-1868

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	1 acre(s)
Garage:	Garage
Property Type:	Residential-Single Family Residence
Year Built:	2016
Notes:	Executive six (6) bedroom home located on 1.66 acres with 537 feet of waterfront shoreline on Lake of Egypt with amazing views of the Shawnee National Forest. This 6400 sq ft home features three (3) master suites, three (3) additional bedrooms, six (6) full bathrooms, an expansive kitchen with a large island and a dining room, a sunroom, a screened in deck, a partially fenced backyard and the full walkout basement includes an additional full kitchen with a 10ft island, another living and dining room and lots of room for entertaining. All of the master suites include large windows with an absolutely gorgeous view of the lake and Shawnee National Forest. There is a gentle slope to the dock which is perfect for sun bathing and swimming. Enjoy relaxing around the firepit which is near the lake or entertaining on the 1.66 acres. Other features include: Geothermal, dock with swim platform and boat lift, composite deck, full finished basement, 2 full laundry rooms with a total of 3 washers and 3 dryers, 2 safe rooms, lots of extra storage, an unfinished area above the garage that can be finished as an additional bedroom or living space, lots of parking, the lot is large enough to add cabins or build another house. This property is perfect for large family getaways/reunions. The home is currently a vacation rental and brought in more than $130K in revenue in 2024.
MlsNumber:	--
ListingId:	EB457182

Listing Provided By:	COLDWELL BANKER J. DAVID THOMPSON, original listing
Phone:	(618) 997-1868
Office Phone:	(618) 997-1868
Agent Name:	MELISSA PLANT
Disclaimer:	Copyright © 2025 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.

Local Real Estate Expert

Gina Poslusny

Weichert, Realtors - Phillipsburg

Call Today!: (908) 938-4445

Office: (908) 454-1717

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 -