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3133 Palmer Drive
Champaign, IL 61822
$415,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
1776
Property Description
Standing out amongst the homes in The Legends community, this modern farmhouse style home was recently built in 2021 with multiple custom upgrades made. Built by Central Illinois' most trusted custom home builder, it features energy-efficient HVAC, water heater, windows, and more. The inviting porch features a newly stained wood column and is the only home with double doors. The front doors open to a family room with cathedral ceilings and added recessed lighting. The first-floor features engineered light oak hardwood throughout with an open floor plan. The eat-in kitchen includes upgraded white and gold GE Cafe appliances, shaker cabinets, pantry, XL farmhouse sink, quartz backsplash, waterfall island with aesthetic panels, and gold fixtures. The master suite dons stunning views of the backyard and golf course and has additional recessed lighting along with a large walk-in closet. The master bathroom has been upgraded to including porcelain octagon floor tile, gold Delta plumbing fixtures, a floor to ceiling tiled shower with built-in niche. There are also dual sinks and a linen closet. The laundry room acts as the drop-zone when entering the home from the garage and features a built-in entryway bench and coat rack. A half-bath is located off the laundry room, fitted with a vessel sink. The second floor is accessed via an upgraded oak wood staircase with a matching handrail and tasteful spindles. It opens to a small loft with 2 bedrooms and a full bath featuring dual sinks and shower/tub combo. The entire second floor has vinyl flooring to match the white oak on the first floor. The basement is accessed from the laundry room It is unfinished with 8ft tall walls and is framed out for a bedroom, bathroom, and separate recreation room should the homeowner wish to add these on. There is ample room for storage. The backyard features a freshly stained deck, paver patio, grass surrounded by a wrought-iron fence with exceptional unblocked views of the Legends golf course. Sale of home comes with all appliances, including washer, dryer, and GE Cafe appliances. This home is a blank slate with tasteful upgrades for new homeowners to make their own. Conveniently located off Staley Road, near the Curtis Road I57 exchange and an easy access to the New Carle at the Fields. Near all the southwest Champaign shopping and dining! In addition to golf, the neighborhood has a clubhouse, swimming pool, daycare, and dog park.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2021
MLS Number
11988632
Location
Address
3133 Palmer Drive
City
Champaign
State
IL
Zip Code
61822
County
CHAMPAIGN
Listing
Provider
homecoin.com, original listing
Name
homecoin.com
Phone
(888) 400-2513
Office Name
Homecoin.com
Office Phone
(888) 400-2513
Agent Name
Jonathan Minerick

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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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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.