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461 Aurora Avenue
Naperville, IL 60540
$1,650,000
Conventional
Property
Bedroom
3
Bathroom
5
Property Type
Conventional
Square ft
3560
Property Description
Introducing a luxurious urban oasis in the heart of Downtown Naperville, this stunning property offers the perfect blend of modern sophistication and urban convenience. Boasting 3 bedrooms, 3 full baths, and 2 powder rooms, this multi-level residence is a testament to contemporary living at its finest. As you step inside, a private elevator awaits to whisk you away to all levels of this exquisite home, from the basement to the 4th floor, ensuring effortless access and convenience. The thoughtfully designed layout is complemented by multiple outdoor spaces, including an 18x5 balcony with trex decking off the kitchen, ideal for al fresco dining and entertaining, and an expansive 18x18 rooftop terrace with paver flooring. The property also features a 2-car attached garage, ensuring ample parking and storage space. Situated just steps from the center of Downtown Naperville and the scenic Riverwalk, residents can enjoy the vibrant urban lifestyle while still relishing in a serene and picturesque setting. Inside, no detail has been spared, with a custom low voltage system, security system, and wiring for smart home technology, ensuring the utmost in convenience and security. The energy efficiency package, complete with cellulose insulation, multi-zoned HVAC system, high-efficiency furnaces, air conditioners, and tankless hot water heater, offers both eco-friendly living and cost savings. The interior is a testament to luxury, with wide plank hardwood floors, extensive millwork, and a formal powder room, adding a touch of elegance to the home. The gourmet kitchen is a chef's delight, featuring custom cabinetry, granite, marble, and quartz countertops, and a private balcony for grilling and entertaining. A master bedroom with a large walk-in closet and a luxurious master bath with an oversized shower provide a tranquil retreat, while a large 2nd bedroom with a walk-in closet and private bath ensures comfort and privacy for guests. The second-floor laundry room adds convenience to daily chores, while the oversized and flexible entertainment room offers endless possibilities for relaxation and leisure. The property also includes a mudroom with custom lockers and storage system, a full bathroom with custom tilework, and a flex room ready to be customized to your living needs, whether it's a study, home gym, or extra bedroom. With its prime location, impeccable design, and an array of luxurious features, this property presents a rare opportunity to embrace the epitome of urban living in Naperville. This is a custom-built proposed project. All pictures are of completed units in Charleston Row I and II. 600 sqft unfinished basement can be finished- but not included in the list price. Convenience and luxury with a downtown Naperville location. There is no need to compromise- you can have it all.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2024
MLS Number
12026151
Location
Address
461 Aurora Avenue
City
Naperville
State
IL
Zip Code
60540
County
DU PAGE (SOUTHWEST)
Listing
Provider
Compass Real Estate, original listing
Name
Compass Real Estate
Phone
Office Name
Compass
Office Phone
(630) 861-1800
Agent Name
Oriana Van Someren

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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.

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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.