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12407 S 91st Avenue
Palos Park, IL 60464
$659,900
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
2890
Property Description
Situated in a PRIME LOCATION within the city, this QUAD-LEVEL home in Palos Park has just been meticulously RENOVATED to rival NEW CONSTRUCTION by a local multimillion-dollar home builder. Nestled on a PRIVATE WOODED LOT spanning nearly an acre, this property boasts lush newly sodded grounds and expertly designed landscaping. The exterior showcases a striking combination of WHITE BRICK and HARDY SIDING accented by a new DARK roof, soffits, fascia, downspouts, and contrasting DARK EXTERIOR WHITE INTERIOR casement WIDOWS, all contributing to a modern and eye-catching aesthetic. A newly constructed curved CONCRETE DRIVEWAY, side walkways, a low-maintenance TWO TIER DECK, European Style front door and SLEEK outdoor lighting complete the exterior features. Step inside to discover an equally IMPRESSIVE INTERIOR spread across 4 LEVELS. The grand living space greet you with CATHEDRAL CEILINGS and DECORATIVE CEILING BEAMS , centered around a FLOOR-TO-CEILING sleek FIREPLACE that serves as a focal point in the living room. Flowing seamlessly from the living room is the dining area, which leads to a CONTEMPRORARY KITCHEN with a sit down island. Designer style minimalist and geometric LIFT UP EURO CABINETS offer functionality and sophisticated futuristic look. Kitchen is equipped with 4 piece PROFESSIONAL GRADE Kitchen Aid Stainless Steel Package consisting of 36 inch counter deep French Door Refrigerator , WIFI 36 inch deep smart commercial style CONVECTION GAS RANGE with 5 sealed burners, fully INTEGRATED DISHWASHER and CHIMNEY RANGE hood. QUARTZ countertops & quartz backsplash add to the contemporary charm. Kitchen is accessible to an exterior deck through a PATIO DOOR and overlooks a family room with SECOND floor to ceiling FIREPLACE and SECOND patio door leading to the lower tier deck. FRAMELESS tempered GLASS RAILING offers airy transition between floor levels. Both bathrooms also offer contemporary look- UNDERMOUNT VANITIES, GLASS shower door, ELONGATED toilets, LARGE format PORCELAIN TILES with fewer lines breaking up the visual space producing overall calmer feel. All rooms have HARDWOOD FLOORS, recessed lighting, 5.5 inch CRAFTSMAN BASEBOARDS and MATCHING window trim & flush interior doors with subtle lines. Laundry is equipped with PLATINIUM Samsung front loading washer & STEAM sanitizing dryer. The residence includes a fantastic FINISHED BASEMENT adorned with large format porcelain tiles that mimic white marble, creating an ideal setting for a recreational/game/playroom area along with a potential office or home gym space. Moreover, a 5-foot-tall CONCRETE CRAWLSPACE provides additional storage options. The garage features an INSULATED flush panel black door accented with a MOSAIC WINDOW, drywalled walls, EXPOXY-COATED floor, and is fully prepared to house your vehicles. The property is located in A-RATED SCHOOL District and ready for immediate occupancy.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
--
MLS Number
12080637
Location
Address
12407 S 91st Avenue
City
Palos Park
State
IL
Zip Code
60464
County
COOK (ALSIP)
Listing
Provider
Boutique Home Realty, original listing
Name
Boutique Home Realty
Phone
(708) 963-0011
Office Name
Boutique Home Realty
Office Phone
(708) 963-0011
Agent Name
Joanna Lewkowicz

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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.