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2951 N 28th Rd
Seneca, IL 61360
Kris Griswold with Hayden Outdoors Real Estate, original listing - (970) 674-1990
$1,399,999
Conventional
Property
Bedroom
4
Bathroom
Full: 2, ½: 1
Property Type
Conventional
Square ft
3050 Square Feet
Property Description
Experience endless possibilities with this stunning 3,050 sq. ft. engineered log home situated on +/- 38 acres just north of Seneca, IL and minutes from I-80. Built in 2010, this property was a labor of love for the current original owners and no expense was spared making their dream become a reality for you to enjoy! With roughly 27 acres of the +/-38 acre parcel currently being utilized as pasture and hay production, the new owner will have a blank canvas to customize this acreage as they see fit. Additionally, there are three different fenced in pastures, home to the current owner's horses, totaling roughly 14 acres. While designing this property, an extensive underground infrastructure for water and electrical (600 amp) was installed to accommodate the current amenities and support any future additions on the property. Property carries an average soil PI of 115 Slight roll towards the center of the property for natural drainage Hard road access/frontage off of N 28th Rd Please reference the Documents section of the listing for the map outlining current water and electrical hookups.   With vaulted ceilings and log beams spanning throughout, this 3,050 sq. ft., red cedar home, complete with 4 bedrooms and 2.5 baths, is as beautiful as it is practical for any future buyer's vision. When entering the main level, you are greeted with a large gourmet kitchen and dining room in the heart of the home. A large loft overlooks the dining room and office providing ample space to entertain in an additional cozy inside setting. Vaulted ceilings carry into the main level master bedroom where you will find a dual sided fireplace that opens into the large master bath complete with a jacuzzi tub and large shower. An open floor concept carries into the finished walkout basement where 3 additional suites can be enjoyed alongside a large entertaining area, full kitchen, and full bath. Two mini-split units help keep the home cool during the summer months and heated in the winter with a multi-zone radiant in floor heat system. A finished, 3 stall attached garage with vaulted ceiling offers 2, 8 ft. overhead doors and a 10 ft. overhead door. Just outside of the garage, there is a RV hookup for visitors traveling through, as well as a whole house generator. When entertaining outside, you can enjoy the view from the two decks on the back of the home or the large covered front porch for breathtaking sunsets. If that's not enough, situated in front of the home amongst the landscaping, there is a brick patio and a new hot tub for your enjoyment. Outside, you will find a large 40'x80 steel storage building and multiple smaller structures that are outfitted with both water and electric and can be easily customized for whatever you see fit. A large gated arena sits less than 50 yards from your front door and opens up to another fenced in 1 acre pasture. Looking out the back of the home, there is another 13 acre fenced in pasture that was previously used for cattle. Situated just north of Seneca, IL and a couple miles south of I-80, this property offers the best of both worlds. Enjoy the serenity of the rural country setting, while also being within 1.5 hours to Chicago and two major airports. A short drive to the west, local state parks can be enjoyed and offer additional riding trails if desired.
Property Information
Lot Size
38 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
2010
MLS Number
--
Location
Address
2951 N 28th Rd
City
Seneca
State
IL
Zip Code
61360
County
LASALLE
Listing
Name
Phone
(970) 674-1990
Office Name
Office Phone
(970) 674-1990
Agent Name
Kris Griswold
Agency Phone
(970) 674-1990

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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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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.