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710 Willow Lane
Geneva, IL 60134
$775,000
Conventional
Property
Bedroom
5
Bathroom
3
Property Type
Conventional
Square ft
2716
Property Description
Come quickly and see this beautiful, updated home before it's gone! This stunning property with a permitted renovation just completed in MAY of 2024. This EXPANSIVE home has a wide-open layout with incredible functionality. Warm neutral tones and textured materials define the quiet luxury of this meticulously designed property. All you need to do is unpack and move right in. 5 bedrooms, and 3 baths with a 2-car attached garage. NEW 6-1/2" white oak hardwood floor downstairs while the second floor also boasts gorgeously refinished oak! A true craftsman's handiwork is displayed on entry with a WHITE OAK feature wall. A Currier & Ives green glass fixture sets the tone for the exquisite lighting package seen throughout. No detail was spared on this renovation as seen in the revitalized custom stairway with wrought iron rails. In the kitchen, All NEW custom cabinetry, backsplash tile, and fixtures. NEW stainless LG appliances with a huge island perfect for entertaining. All NEW quartz surfaces. NEW Zline exhaust hood in blended metals. Full Butler pantry with NEW sink, wine fridge, and floating oak shelves. Coat pegs with drawers/oak seating complement the mud room conveniently located at the garage entry. A true office/ 5 th bedroom is adjacent to a full bath finished with all NEW fixtures and "Olvia" subway tile with custom grout. This home has three fireplaces. The living room's Cascade Emerald Glass has the original marble hearth while the suede-style tile and NEW granite hearth of the family room offer plenty of opportunities for fireside chats. The third is in the basement which is roughed in for a future bathroom! Huge primary ensuite features a large closet and gorgeous walk-in shower with marble, champagne brass fixtures, and custom glass. Good-sized secondary bedrooms all have plenty of closet space. All NEW fixtures and cabinet-style vanities in the bathrooms. NEW energy-efficient windows/exterior doors showcase the natural light. NEW Navien hot water heater (on demand). NEW 3-ton AC unit. NEW pour Asphalt driveway. NEW epoxy patio. NEW Electrical panel with updated circuit protection. NEW wireless voice announcing smoke/carbon detectors. NEW paint/brick stain inside and out. Enjoy the large front porch with lots of seating and the big backyard with large mature trees-perfect for a tree house! Walking distance to Downtown Geneva, Geneva schools, Fox River Trail, Island Park, Sunset Pool, close to train. This is a must-see before its gone!
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1962
MLS Number
12049500
Location
Address
710 Willow Lane
City
Geneva
State
IL
Zip Code
60134
County
KANE
Listing
Provider
LW Reedy Real estate, original listing
Name
LW Reedy Real estate
Phone
(630) 833-1700
Office Name
L.W. Reedy Real Estate
Office Phone
(630) 833-1700
Agent Name
Ross Rosenberg

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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.