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45781 325th Ave
Griggsville, IL 62340
Marlee Schultz with Whitetail Properties Real Estate LLC, original listing - (217) 285-9000
$445,000
Conventional
Property
Bedroom
4
Bathroom
Full: 2
Property Type
Conventional
Square ft
1848 Square Feet
Property Description
This property is the perfect combination of privacy, outdoor recreation, and comfortable living. Located at a dead-end road west of Griggsville, this 4-bedroom, 2.5-bathroom home is situated on a 20-acre parcel of land. With 1,848 square feet of living space, the house has plenty of space within. The main level boasts a practical layout, with one bedroom between the kitchen and living room, two bedrooms sharing a bathroom and the main bedroom conveniently placed with an attached bathroom featuring a stand-up shower and tub. The basement is only accessible from the outside patio and also includes a half bathroom. In addition to the main residence, the property includes a large machine shed with a 12-foot overhead door, providing plenty of room for storage, equipment, or projects. The shed also features a concrete floor workshop area. There is also a two-car detached garage, offering secure storage for vehicles and other equipment. With a fully stocked pond out the back door, it is the ideal spot for fishing or enjoying the land. The 20 acres of land also offer excellent opportunities for hunting, particularly for deer and turkey, making it well-suited for outdoor enthusiasts or hobby hunters. There is a trail that runs through the rolling timber creating access to throughout. A small seasonal creek is located at on the south side of the property. The property also sits only 5 miles from the Illinois River and 8 miles from I-72. While offering the seclusion of rural living, it's still conveniently close to local amenities and services.
Property Information
Lot Size
20 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1995
MLS Number
--
Location
Address
45781 325th Ave
City
Griggsville
State
IL
Zip Code
62340
County
PIKE
Listing
Provider
Whitetail Properties Real Estate LLC, original listing
Name
Phone
(217) 617-2194
Office Name
Office Phone
(217) 285-9000
Agent Name
Marlee Schultz
Agency Phone
(217) 285-9000

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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.