Home for Sale at 7A25 Broken Lance, APPLE RIVER, IL 61001

7a25 Broken Lance
Apple River, IL 61001

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Property Details

List Price:	$529,000
Beds:	3
Baths:	4
Status:	Active
SqFt:	1946
Agency:	Coldwell Banker Network Realty

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	--
Notes:	Just off the water, and with a Transferable Dock within site from the home, awaits this lake view retreat ready for summer. Excellent floor plan awaits inside with three levels of generous living space. Excellent for gathering together or offering ample space to be apart. The main floor offers a spacious great room with gorgeous hardwood flooring and adorned with wood burning fireplace with heatilator. Adjoining is ample space for dining along with a beautiful open kitchen with stainless steel appliances & island with granite countertop. Slider door with large windows complementing on either side provide wonderful views along with access out to covered deck. Primary bedroom on main floor with nice southeastern views offers large walk-in closet and attached private bathroom with separate tub & shower along with dual vanity. Main level laundry is located just off the entry from the two-car attached garage. Upper level offers an outstanding amount of extra living space with a suite style open bedroom/family room with attached full bath and an additional room with bunk bed. In the lower level surrounding a wood burning stove is a family room with direct access out to back yard patio. A third full bath with in-floor heat can be found in the lower level along with a third bedroom and a separate bonus room. Access to transferable dock is by steps directly behind the house or by cart path off the street out front. Solar panels must transfer to new owner. Whole house is electric with very desirable electric bills due to solar units on roof. Ownership at Apple Canyon Lake offers access to pool, lake, trail system, fitness center, tennis /pickle ball court, private beach, restaurant & more. Covenants and restrictions apply. Association dues & fees apply. Square footage is an approximation.
MlsNumber:	202401115

Listing Provided By:	Coldwell Banker Network Realty, original listing
Name:	Coldwell Banker Network Realty
Phone:	(815) 777-6500
Office Name:	COLDWELL BANKER NETWORK REALTY
Office Phone:	(815) 777-6500
Agent Name:	WESLEY COCAGNE
Disclaimer:	Copyright Â© 2024 Rockford Area 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.

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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