Home for Sale at 818 N Lombard Street, Elmhurst, IL 60126

818 N Lombard Street
Elmhurst, IL 60126

« Prev

Property Details

List Price:	$470,000
Beds:	3
Baths:	3
Status:	Pending
SqFt:	2240
Agency:	HomeSmart Connect Real Estate

Map Details Show Map | Show StreetView

Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1961
Notes:	This Elmhurst home features 3 bedrooms and 3 full bathrooms, boasting many modern upgrades. The first floor offers hardwood floors throughout, a contemporary kitchen with matching stainless steel appliances, 2 bedrooms, a full bath, and a laundry room. The open living and dining areas are perfect for gathering with family and friends. Upstairs, you'll find a vast family/rec room, a spacious third bedroom with a walk-in closet, and another full bathroom. The upper level is carpeted for comfort. The fully finished basement includes a functional kitchen, a full bath, and a great open space, making it ideal as an in-law suite or guest accommodation. A second laundry room is also located here. With two HVAC systems, you have complete control over the climate in your home. The property has received numerous upgrades, including all new windows, a new top of the roof, two new A/C units, a new washer and dryer, copper piping, new railings at the front of the house, all first-floor doors replaced, upgraded outlets, and upgraded electrical breaker on the second floor. The garage now offers a 65 AMP service, and the injector/sump pump has been upgraded. The front yard has been leveled, and both the kitchen and second-floor bathroom have been remodeled. The fully fenced large backyard is perfect for outdoor entertaining. The home also features a 2.5-car garage and two driveways, one at the front and one on the side of the house. Located in the top-rated District 205 school system, this property is conveniently close to shopping, entertainment, schools, and parks, with easy access to Metra and the interstate. Don't miss the opportunity to make this upgraded home your own!
MlsNumber:	12037869

Listing Provided By:	HomeSmart Connect Real Estate, original listing
Name:	HomeSmart Connect Real Estate
Phone:	(847) 495-5000
Office Name:	Homesmart Connect LLC
Office Phone:	(847) 495-5000
Agent Name:	Mark Mikina
Disclaimer:	Copyright Â© 2024 Midwest Real Estate Data, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

- Pat. 7,813,958 - Pat. 7,958,007 - Pat. 8,046,258 - Pat. 8,073,737 - Pat. 8,190,476 - Pat. 8,195,514
- Pat. 8,306,856 - Pat. 8,412,576 - Pat. 8,510,165 - Pat. 8,825,527 -