Home for Sale at 1007 Austin Avenue, Park Ridge, IL 60068

1007 Austin Avenue
Park Ridge, IL 60068

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Property Details

List Price:	$1,850,000
Beds:	4
Baths:	5
Status:	Active
SqFt:	6017
Agency:	Keller Williams Chicago ONEChicago

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1996
Notes:	Incredibly rare opportunity to own one of the crown jewels of Park Ridge real estate! Welcome to 1007 Austin Avenue, this custom built, all brick, 4 bed, 5 full bath, full finished basement, 3 car attached garage home sits on the 4th fairway of the Park Ridge Country Club golf course. Walk in and be immediately wowed by the 2-story foyer and curved staircase. To the left is the living room with tray ceiling and gas fireplace. To the right is the formal dining room with hardwood floors and tray ceiling. Straight ahead is the large kitchen. The kitchen boasts a large center island with breakfast bar, cook-top and range hood. Exterior has lots of cabinet storage and counter prep space, stainless steel appliances and built-in desk. Between the kitchen and family room is the breakfast eating area. The family room features a fireplace, soaring vaulted ceiling, abundant windows flooding the space in natural light and walk-out access to the patio. The first floor also features a home office, full bath and laundry room with access to attached garage. Upstairs you'll find 4 bedrooms and 3 bathrooms. The Master Suite is truly a dream come to life! Tray ceiling, large walk-in closet and master bath with dual vanity, walk-in shower, jetted tub and separate water closet. Of the 3 additional bedrooms, 1 has its own ensuite and 2 share a Jack and Jill bathroom. The full finished basement has a family room with fireplace, 2nd kitchen with bar seating, recreation room, full bathroom and utility/storage room. When you want to get a little fresh air the paver-block patio is a true oasis. Featuring a pergola covered entertainment space and uncovered table space. The highlight of the area is both spaces overlook the 4th Fairway of the beautifully manicured Park Ridge Country Club Golf Course. This incredible home has been lovingly cared for by 1 family since it was built and provides the absolute best of everything Park Ridge has to offer including highly rated Field/Emerson/Maine South Schools, proximity to Uptown and exclusive Golf Course location. Don't miss your chance to make it your home.
MlsNumber:	11929581

Listing Provided By:	Keller Williams Chicago ONEChicago, original listing
Name:	Keller Williams Chicago ONEChicago
Phone:	(312) 216-2422
Office Name:	Keller Williams ONEChicago
Office Phone:	(312) 216-2422
Agent Name:	Mario DiLorenzo
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.

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or licensed by the US Department of Housing and Urban Development

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