Home for Sale at 842 S Elmwood Avenue, Oak Park, IL 60304

842 S Elmwood Avenue
Oak Park, IL 60304

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Property Details

List Price:	$799,900
Beds:	5
Baths:	3
Status:	Pending
SqFt:	--
Agency:	Compass

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1909
Notes:	This gorgeous home offers the best of both worlds with modern updates alongside the quaint charm & character that makes a Gunderson home so special! Featuring original leaded stained glass windows, built-in buffet, and hardwood floors throughout, this home has also been updated to today's standards, with a modern kitchen, SpacePak central air, & a stunning new primary suite. The inviting entryway showcasing the original Gunderson bench welcomes you in to the double parlor, with built-in bookshelf and white trim. A large dining room with original buffet off the kitchen is perfect for dinner parties. And the light-filled kitchen with white cabinetry & stainless steel appliances overlooking the back deck, patio and large backyard is a chef's dream! An adorable powder room rounds out the main floor. The second floor features four true bedrooms, a full bath, and a large linen closet. The recently renovated third floor makes this a truly flexible floorplan as it would be an ideal primary suite, or stay on the 2nd floor and make this your office, guest space, and/or playroom! With gorgeous finishes, this sunlit masterpiece is the perfect enclave and also features a beautiful new bath with brass hardware, Toto toilet, and spa quality shower as well as a spacious walk-in closet. The finished basement completes the home with an ideal rec room, laundry, and storage. 2 car garage outfitted with 220V charging capability. Located on an amazing block in the Gunderson Historic District of Oak Park, the home is ideal for commuters with easy access to 290 and public transportation, and is walking distance to multiple schools, parks, restaurants, coffee shops, & boutiques in both the Arts District and Oak Park Avenue Corridor. Come live in your dream home in this fabulous neighborhood!!
MlsNumber:	11994224

Listing Provided By:	Compass, original listing
Name:	Compass
Office Name:	Compass
Office Phone:	(312) 319-1168
Agent Name:	Lance Kirshner
Disclaimer:	Copyright Â© 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.

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.

USHUD.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

USHUD.com is an Equal Housing Opportunity

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