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12 Winterwood Lane
Galena, IL 61036
$599,000
Conventional
Property
Bedroom
3
Bathroom
2
Property Type
Conventional
Square ft
1217
Property Description
Horse lovers this is the property that you have been waiting for, 6.94 +/-acres with a custom-built Wilderness Log Home that is set back off of Clark Lane up a private road through a wooded area having complete privacy. Venture up the limestone steps to the front door. Upon entering you will find newly refinished wide pine hardwood floors throughout and newly painted walls. The see through wood burning fireplace features wood trim from an old barn on one side and handmade, hand-painted tiles on the opposite side. Dramatic cathedral ceilings with a custom-made stained glass from an artist in Chicago. There are sliding glass doors that lead to a large deck with access to the large fenced in dog run. Beyond the dog yard is a Gazebo to enjoy your favorite beverage while being surrounded by nature at its finest. The dining room looks out to a small bird sanctuary and beyond. Kitchen features stainless steel appliances and tiles above the countertops that were handmade and painted in England. Main floor also features a full bath, two spacious bedrooms and the washer and dryer. Second floor of the home has a loft area that overlooks the living room. Comfortable seating area with wood burning fireplace that has handmade, painted tiles surrounding it and a log mantle. Sliding glass doors lead to another deck with panoramic views that captures incredible sunsets. The huge master bedroom has built in shelves and walk-in closet and skylights. The master bath includes a whirlpool bathtub, separate walk-in shower and storage cabinets and a skylight. Large basement for storage which leads to the two-car garage that has a work bench, cabinet and shelving. New shingles on the roof were installed in 2015, two sides of the house stained in 2021 and the remaining two sides in 2022. New furnace in 2020 and decks were re-done in 2022. Now to never having to board your horses again makes this the perfect equestrian paradise. Zoned for stabling of up to 4 horses. You will find a 1296 square foot log horse barn, with four stalls with fans and windows, crossties in the stalls and aisle plus saddle holders. Barn has a tack room and a 10 by 10 ft room with a heated kitchen and microwave. Huge loft that has extra building materials, logs and trim for the home. Electric garage doors that are on both sides of the barn, one leading to the driveway and home and the other to horse trails throughout the property and electric fenced property and pasture for the horses. There are also two heated waterers for the horses on the property. Trails from Shenandoah come right near the property. A real hidden treasure that is very hard to find with its surrounding beauty and nature in the Galena Territory. Many community amenities include golf courses, restaurants, spa and swimming pools and beautiful Lake Galena.
Property Information
Lot Size
6 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
202305733
Location
Address
12 Winterwood Lane
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
MARY HARTMAN

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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.