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11307 W Timber Lane
Lena, IL 61048
$699,000
Conventional
Property
Bedroom
4
Bathroom
2
Property Type
Conventional
Square ft
2523
Property Description
Luxury is evident throughout this custom built architecturally stunning country home known as “Windmill Acres” with an actual full size windmill! Tucked at the end of Timber Lane Road in Lena on 10.06 MOL acres for the utmost in privacy, is this 2 story 4 bedroom/2 bath spectacular home. This home features incredible craftsmanship and design with high-end finish work and natural beauty throughout. An enormous wrap-around front porch with composite floor, and maintenance-free posts, railings and ceiling welcome you. There is a large octagon gazebo located on the corner of the porch complete with a ceiling fan. The Great Room is comprised of the chef’s kitchen, formal dining room, and spacious living room. There is a rock-faced wood fireplace from nearly floor to ceiling with an over-abundance of over-sized windows as well. The kitchen features two-toned solid cherry cabinets complete with recently purchased appliances, an eat-at island, and large pantry. There is 5-inch custom cherry casing and headers on all main floor windows and doors. The doors are solid cherry with solid brass hardware and crystal glass knobs. There is a cozy 4 seasons room with access to the wrap-around deck plus an entrance to the lower level. The spacious master bedroom boasts a lighted trey ceiling with a surrounding cherry cornice and a walk-in closet. The master bath has a large jacuzzi whirlpool tub and solid surface wall paneled shower with plate-glass sliding shower doors. The main floor laundry room has oak cabinetry and 2 closets plus lots of storage. The beautifully hand-crafted solid walnut staircase that leads to the upper level was salvaged from a monastery and professionally restored and installed. The upper level features a second bedroom with a spacious L-shaped loft complete with a wet-bar. There is another full bath on this floor and room to add an additional bedroom. The upper level has custom oak trim and solid doors. There are 2 finished lower-level stairways, one with egress, to the lower level. The lower-level features 2 bedrooms, a spacious media room, lots of storage, and is plumbed for a future full bath. The bedrooms and media room feature custom barnboard trim, wood work, and doors with hints of gold and red color. There is an attached heated 3 plus stall garage with over-sized garage doors featuring finished ceiling and walls. The garage has a kitchenette with cabinets, range and refrigerator. A 2276 square foot 3 compartment shed with concrete floors, electric, heat and water complete this magnificent property. The interior windows are Marvin and the exterior doors are Therma-Tru fiberglass doors. The property is enrolled in the Illinois DNR Conservation Stewardship Program. This program maps out a plan to enhance the timber and reduces the property taxes. Wildlife is abundant on the 10.06-acre property and is both a hunter and outdoor enthusiast’s dream! This is a must-see property to truly appreciate. The private oasis is located approximately 40 minutes from Galena, 1 hour 20 minutes from Madison, and 2 hours from Chicago.
Property Information
Lot Size
10 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
202402206
Location
Address
11307 W Timber Lane
City
LENA
State
IL
Zip Code
61048
County
STEPHENSON
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
STEPHEN "HENRY" CLAY

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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.