Home for Sale at 16127 2500 E Street, Princeton, IL 61356

16127 2500 E Street
Princeton, IL 61356

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Property Details

List Price:	$978,500
Beds:	4
Baths:	4
Status:	Active
SqFt:	1780
Agency:	GesWein Farm & Land Realty

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Description/Comments

Lot Size:	60 acre(s)
Property Type:	Residential
Year Built:	2018
Notes:	Amazing Home on a 16+ acre private, fully stocked lake! These types of properties don't come around often; it's perfect for a full time home, weekend getaway, or possible Airbnb investment. Featuring a beautiful 2018 home with 1,780sq ft upstairs and a fully finished 1,700sq ft walkout basement! This property was built with all the extras: 2x6 constructions throughout, whole house generator, spray foamed walls, 2 master suites on the main level with decks overlooking the lake, a concrete shelter room, commercial size RO water filtration system, deck drain gutter system installed, and a whole house fan. This property contains 60 +/- total acres and is located just ~2 hours from downtown Chicago, making this a perfect secluded weekend get away location! All major home appliances could stay, if desired. In addition to the home the property also has a 40' x 60' pole barn for equipment storage, 7 lake aerators to keep the lake healthy, ATV trails, bridges, a creek, hunting blinds, food plots, and 14+ acres of tillable income producing farm land! -2 hours from Chicago -25 minutes from Starved Rock State Park -1 hour from the Quad Cities -25 minutes from LaSalle/Peru Values & Attributes Move in ready 2 master suites; 4 full bedrooms and 2 additional guest bedrooms that can be used as office or hobby rooms 3 1/2 bath 2x6 construction with extremely energy efficient spray foam walls Granite counter tops Concrete walled storm shelter in the basement RO system for drinking water Top of the line filtration system Sump pump Automatic whole home generator Whole house fan Farmland income typically covers annual property taxes 60 +/- Total Acres 16+ acre private lake with seven aerators 5+lbs bass, crappie and bluegill are abundant Large deer frequent the property - permanent hunting blinds stay! Large number of waterfowl, beaver, and other wildlife can be seen regularly Buried electric set up to a camper site on the far side of the lake 14+/- acres of income producing tillable soil - 125 Productivity index 40x60 pole building 2 car attached garage ATV trails
MlsNumber:	11271995

Listing Provided By:	GesWein Farm & Land Realty, original listing
Name:	GesWein Farm & Land Realty
Phone:	(765) 427-1619
Office Name:	Geswein Farm & Land Realty
Office Phone:	(765) 426-6666
Agent Name:	Jeremy Thompson
Disclaimer:	Copyright Â© 2024 My State MLS. 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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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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or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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