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6347 S Blackjack
Hanover, IL 61041
$1,800,000
Conventional
Property
Bedroom
4
Bathroom
4
Property Type
Conventional
Square ft
828
Property Description
Luxury retreat with spectacular views and modern amenities make this a CAN'T miss property. Located of hard surfaced Black Jack Road, this multi-level home is perched into the hillside and surrounded by lush, mature trees and greenery. The expansive deck surrounding the home allow the opportunity to absorb the serenity of mother nature and the extraordinary views of property's 18 acres and beyond. The exterior of the home is adorned with blackwood siding and accented by white stone veneer which creates a contemporary and sophisticated ensemble. A two stall matching garage provides secure parking and compliments the home. A converted barn provides a gathering place complete with private deck and repurposed barn wood interior. Extras that accompany the property are a Kawasaki UTV and Napoleon grill. Within the home, a marriage of functionality and luxury, professionally designed with both style and comfort in mind. Thoughtfully considered windows and doors bring the natural environment into the scape of the home. The 4 bedrooms in the home are designed to provide a retreat like feel and are conveniently located near spa-like restrooms, each with in-floor heat. The kitchen was designed for convenience and practicality and offers modern amenities as well as space crafted for gathering. The living room provides a feeling of comfort and luxury and boasts a double sided fireplace with customizable features as well as spectacular sliding doors providing access to the spacious deck. Designed with entertaining in mind, the lower level features a wet bar and Meile wine storage cooler, a second fireplace and cozy seating. The sale of the home will include the incredibly curated furnishings. Thoughtful design paired with unparalleled luxury make this magnificent property one of a kind.
Property Information
Lot Size
18 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
202401970
Location
Address
6347 S Blackjack
City
HANOVER
State
IL
Zip Code
61041
County
JODAVIESS
Listing
Provider
Jim Sullivan Realty, original listing
Name
Jim Sullivan Realty
Phone
(815) 947-9040
Office Name
JIM SULLIVAN REALTY
Office Phone
(815) 947-9040
Agent Name
JAMES SULLIVAN

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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.