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45 Silo Ridge Road
Orland Park, IL 60467
Maria Miller with Better Homes and Gardens Real Estate Connections, original listing - (708) 859-0909
$1,695,000
Conventional
Property
Bedroom
5
Bathroom
Full: 5, ½: 2
Property Type
Conventional
Square ft
9554 Square Feet
Property Description
Welcome to luxury living at its finest in the esteemed community of Silo Ridge. This magnificent residence boasts approximately 10,000 square feet of meticulously designed living space, featuring a brand new roof that enhances both its aesthetic appeal and structural integrity. Offering an unparalleled level of comfort and sophistication, this home is ready to provide years of worry-free enjoyment. As you step through the opulent entrance, you are greeted by an expansive open floor plan that is perfect for both grand entertaining and intimate gatherings. The custom-designed office is a masterpiece in itself, featuring coffered ceilings and exquisite cabinetry, creating an inspiring environment for productivity. The formal living room is a true showcase, adorned with custom shelves and a striking double-sided fireplace that adds warmth and elegance. Whether you're hosting guests or enjoying a quiet evening in, this space provides the ideal ambiance for every occasion. The gourmet kitchen is a chef's dream, offering spectacular views of the private serene backyard. Complete with a wine fridge, granite countertops, and a coffee or bar area with custom gorgeous cabinets, it's the perfect setting for culinary creativity and entertainment. The dinette area, with its abundance of windows, could easily double as a sunroom, inviting in natural light and picturesque views. This home features 5 huge bedrooms, each with its own private bathroom and walk-in closet, as well as high ceilings throughout. The primary bedroom is a retreat in itself, boasting a sitting area and a side room that could serve as an office or another living area. The main bathroom is a masterpiece of design, featuring a walk-in shower, luxurious tub, and exquisite wood detailing. For additional entertainment and relaxation, the fully finished basement offers a kitchen, bath, cigar room, and media room, providing endless possibilities for enjoyment. A designated gym area allows for fitness pursuits without leaving the comfort of home. Step outside to the gorgeous private backyard oasis, complete with its own putting green and a large deck with steps leading down to another deck. Whether hosting outdoor gatherings or simply enjoying a quiet morning with a cup of coffee, this backyard is a true haven. This home is a pleasure to show, offering unparalleled luxury, a brand new roof, and endless opportunities for both relaxation and entertainment.
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1991
MLS Number
--
Location
Address
45 Silo Ridge Road
City
Orland Park
State
IL
Zip Code
60467
County
COOK (COUNTY SOUTHWEST)
Listing
Provider
Better Homes and Gardens Real Estate Connections, original listing
Name
Phone
(708) 945-3215
Office Name
Office Phone
(708) 859-0909
Agent Name
Maria Miller
Agency Phone
(708) 859-0909

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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.