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1060 Flamingo Drive
Roselle, IL 60172
Frank Kresz with Charles Rutenberg Realty of IL, original listing - (630) 929-1100
$799,000
Conventional
Property
Bedroom
5
Bathroom
Full: 4
Property Type
Conventional
Square ft
4367 Square Feet
Property Description
Stunning, Amazing & Beautiful home in the highly sought-after "Hampton in the Park" neighborhood offering an exceptional living experience, blending modern updates with timeless elegance, all set on a premium lot with serene lake views. Step through the grand entrance into a soaring foyer illuminated by an exquisite chandelier and framed by a striking pallium window. The rich hardwood floors throughout add warmth and sophistication, enhanced by the glow of new recessed LED lighting. Every detail has been thoughtfully designed to create an inviting and luxurious atmosphere. At the heart of the home lies the chef's kitchen, a space that exudes both beauty and functionality. The large island has seating for four and serves as a central hub for gatherings. A large eating area in the castle like brick turret offers more seating areas for your family and friends. This culinary haven is equipped with double ovens, gas stovetop, pantry, new sink, and newer stainless-steel appliances, including a dishwasher, microwave, and refrigerator. A built-in desk area and direct access to the deck add convenience and versatility. The kitchen seamlessly connects to the grand family room featuring a cozy brick fireplace, a built-in dry bar and expansive windows that bathe the space in natural light. This home is designed for comfort and privacy with two exceptional master suites on the second level. The primary master suite is a private retreat boasting a spa-like bathroom with a jetted soaking tub, separate walk-in shower, double vanity, skylight, tray ceiling, and a private toilet area. A spacious walk-in closet offers custom storage and breathtaking views of the lake. The second master suite is equally impressive, featuring a skylit full bathroom, generous walk-in closet, and French doors leading to a versatile sitting room. This master suite is currently used as a home office and workout space. Built-in furniture adds both style and practicality. The upper level is completed by two additional bedrooms, each with ceiling fans and walk-in closets, and a third full bathroom featuring a double vanity and tub/shower combination. The loft area at the top of the stairs provides an inviting space for reading or relaxing. On the main level, you'll find a 5th bedroom or In-law arrangement with lake views, large closet, ceiling fan, and a Full bathroom too. This Inlaw suite is perfect for guests or multigenerational living. Down the hall is your spacious laundry room with a utility sink, 8 storage cabinets and access to your 3.5 Car garage that all add to the convenience of the 1st floor. Entertain in style in the formal living and dining room, which showcase elegant details such as tray ceiling, oak chair rail and crown molding. The lower level extends the home's functionality with a partially finished basement offering 3 storage areas, 3 versatile recreation spaces, and multiple egress windows. This home is beautiful as much as it is practical and functional featuring modern amenities such as 2 Nest thermostats, 2 furnaces, 2 central air units, 2 hot water heaters, an intercom system throughout, and a new battery backup sump pump for peace of mind. The exterior is impressive with a circular driveway, large custom deck with access from the family room, and the kitchen and an attached three-car garage, all designed for ease and elegance. Perfectly situated on a tranquil lot with picturesque lake views from your home and deck. The lake is steps away from your home an offers a great place to jog, take a walk in nature, walk your dog, or just enjoy the tranquility it offers. This home has a lifestyle of unmatched comfort and beauty.
Property Information
Lot Size
0 sqft square ft
Property Type
Residential-Single Family Residence
Year Built
1997
MLS Number
--
Location
Address
1060 FLAMINGO Drive
City
Roselle
State
IL
Zip Code
60172
County
DU PAGE (NORTHWEST)
Listing
Name
Phone
(630) 669-6690
Office Name
Office Phone
(630) 929-1100
Agent Name
Frank Kresz
Agency Phone
(630) 929-1100

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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.