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16109 Gamay Drive
Plainfield, IL 60586
$990,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
5963
Property Description
STOP! Looking for modern, elegant, and luxury living? Look no further! Walk into your new home feeling like a king or queen. This luxurious home has impeccable attention to detail. It is the purest definition of elegance! This estate features six marvelously sized bedrooms, 5 1/2 baths with 2 being ensuite bathrooms. Gleaming hard wood flooring, vaulted and cathedral ceilings, five fireplaces, & three Juliet balconies, are additional luxuries you'll find inside!! Upon entrance of the home, you will be greeted with a breath taking two story foyer which features a Juliette balcony, 2 Regal Columns, 2 winding staircases leading you to both the second level and basement, & an adjustable grand drop chandelier. What else? How does a dining room, living room, family room, sun room, powder room; a true Chef's kitchen that features 42-inch cherry wood cabinets, Viking appliances, a pot filler, a huge island, & cabinet space galore sound? Wait, there's more; several French doors leading you out to the multiple grand balconies, a second staircase and a grand office which has two story ceilings. Now let's wander to the 2nd level where you'll marvel at the primary bedroom that you may never want to leave! This stunning bedroom features trayed ceilings, a fire place, a huge walk in closet, a balcony, and more space than you'd know what to do with! The primary bathroom will take your breath away with its shower that includes a fireplace, a jetted Jacuzzi bathtub with stairs, & his and hers sinks. In addition to the primary there are 4 more huge bedrooms, with one being a secondary huge ensuite bed/bathroom, as well as two additional full bathrooms. Next up is he walkout basement with a media room, bar/kitchen combo, an in home gym, a fire place & a basement sun room. If you think the photos are beautiful, wait until you see it in person! Your new home is calling your name; will you answer? Schedule your tour today for the viewing of a lifetime.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
2011
MLS Number
11986113
Location
Address
16109 Gamay Drive
City
Plainfield
State
IL
Zip Code
60586
County
WILL (NORTH)
Listing
Provider
eXp Realty, LLC, original listing
Name
eXp Realty, LLC
Phone
(888) 574-9405
Office Name
eXp Realty, LLC
Office Phone
(888) 574-9405
Agent Name
Daphne Pinkney

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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.