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200 Sioux
Galena, IL 61036
$1,995,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
2961
Property Description
An incredibly unique find! Experience the utmost in luxury, privacy, and quality in a location just minutes from all the shopping, fine dining, and activities of Downtown Galena combined with the privacy, expanse, and scenic beauty of a setting offering a rural feel. Tucked at the end of a long private drive nestled amidst the trees on over 13 rolling acres sits this dramatically-styled 4 bed/3.5 bath masterpiece custom-designed and built as a personal residence of the former owner of one of Galena's premier builders, Galena Hillside Homes, and featuring stunning architecture, incredible craftsmanship and design, high-end finish work, and a flair of rustic elegance all combined with manicured grounds, elevated views, internal trails, expansive garage totaling 4+ car capacity, incredible outdoor living areas, and so much more. Stunning two story foyer with grand custom staircase by Gary David Woodworks greets you upon entry, and opens to sprawling main level featuring generous living room with wood clad cathedral ceilings and floor-to-ceiling brick surround gas fireplace, modern kitchen with gorgeous custom cabinetry, a mix of granite and Corian counters, eat-at center island, large pantry, glass doored built-in hutch, and eat-in breakfast nook that feeds to expansive rear composite deck with breathtaking views of the treed backdrop and surrounding property, formal dining room with ample space to entertain, incredible laundry room with upper and lower cabinetry, sink, and folding counter, convenient powder room, and spacious master suite with walk-in closet and spa-like master bath with updated soaking tub and luxurious full tile surround separate shower. Ascend to the upper level to find two comfortable guest bedrooms and a nicely appointed full bath with tub/shower combo and tile accent surround. Retreat to the finished walk-out lower to find a haven for recreation, entertainment and relaxation that houses sweeping family room with custom wall-to-wall and floor-to-ceiling limestone surround gas fireplace and wet bar, full fitness room, additional guest bedroom, open office area, and utility room with storage and secondary laundry area. Huge, heated 4+ car garage that has plenty of room for vehicles, toys, workshop and more, and even has a semi-finished loft area above that is heated, cooled and plumbed for another full bath for future expansion. Enjoy the outdoors and beautiful natural scenery from several outdoor areas that include the aforementioned main level deck with natural gas pipe for grill and firepit, warm and inviting covered front porch, generous rear concrete patio, and private patio off garage rear. Exterior is highlighted by extensive landscaping, limestone stairs to rear yard, and amazing stamped and exposed aggregate driveway. Picturesque acreage contains a nice mixture of treed and open grounds, ample recreation space, trails that meander throughout the property, and all the privacy one could ever hope for! Truly a one-of-a-kind Galena experience. Additional Tax ID numbers are 22-200-061-00 and 22-200-061-54. Taxes and approximate total acreage are a combination of all parcels. Square footage is approximate. Taxes on house parcel have owner occupied, senior, and home improvement exemptions. *One listing agent (Jonathan Miller) is related to sellers.
Property Information
Lot Size
13 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
202205182
Location
Address
200 Sioux
City
GALENA
State
IL
Zip Code
61036
County
JODAVIESS
Listing
Provider
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
DAMON HEIM

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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.