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9652 Union Grove
Morrison, IL 61270
$650,000
Conventional
Property
Bedroom
3
Bathroom
3
Property Type
Conventional
Square ft
--
Property Description
Rural living at its finest with this classic two story country home situated on 21.91 +/- quiet and private acres. This one owner 3 bed, 2.5 bath bath home boasts 2,100 sq. ft of livable space and has been cared for and maintained to the highest degree by the owners since its completion in 2000. The sprawling wraparound covered porch grabs your attention from the moment you pull into the driveway and is sure to welcome you as you approach the front door. Highlighting the main floor is the large and open kitchen with custom Oak cabinetry and dine in island with enough space to seat four. A sliding door off of the spacious living room grants access to the ultimate backyard entertaining area with a comfortable screened-in porch and approximately 360 sq ft of deck around an above ground pool. Rounding out the main floor is a formal dining room, a half bath, and a combination mudroom/laundry room that leads out to the 2.5 car garage. On the second floor you will find all three bedrooms including a large master bedroom with a private bath, a second full bath, an open reading or sitting room, and a bonus unfinished loft above the garage that could be utilized for storage or finished to become a second living room. The lower level is partially finished with a second living room and unfinished space with utilities and storage. Plumbing has been roughed in downstairs for an additional full bath. A 40 X 72 metal pole building with an overhead door, sliding door, and walk in door is sure to provide all of the covered space you need for your tools and toys. Approximately 12.27 acres are currently in row crop production and could likely continue to be cash rented or could be utilized for a number of other possibilities such as food plots, gardens, horse pasture or an orchard. The balance of the acreage is wooded and is frequently visited by the local wildlife including deer and small game. The property is conveniently located just 50 minutes from the Quad Cities, 2.5 hours from Chicago, and less than 5 miles from the banks of the Mississippi River for excellent boating, fishing and hunting opportunities. Rural homes with acreage are hard to find and do not come available often, don’t miss your opportunity to secure yours! Please allow 24 hours notice for showings. House roof was replaced in 2021. Boundaries that are drawn do NOT represent a survey.
Property Information
Lot Size
21 acre(s) square ft
Property Type
Residential
Year Built
--
MLS Number
202401357
Location
Address
9652 Union Grove
City
MORRISON
State
IL
Zip Code
61270
County
WHITESIDE
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
BRANDON BEYER

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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.