I have seen a lot of sales of the detached homes in this subdivision closing from about 170,000 to about $230,000. There are about 9 different nice floor plans and sizes vary, along with the locations. Some are on the golf course. They were built by Centex in the late 80's. It is one of my favorite Streamwood subdivisions. My office is close by and I have been selling these since they were built. I have the floor plans if you need them.
This was a short sale that my buyer tried to buy last year. After many months of waiting the lender came back and wanted more money than what was agreed on. My buyer agreed to the new amount. After another frustrating lengthy delay, the lender then said they wanted even more money, which my buyer would not go up to. The whole deal fell apart and the owners decided to keep the home.
Short sales should be called long sales or maybe never sales.... more
You can contact the listing agent who will be able to help you learn more about that specific property (and probably will know a lot about similar properties in the area). To find an agent, just click on the yellow button on the property's Trulia listing and you will be able to start a dialogue.
Please let me know if you have any questions or if I can help with anything else. I am happy to be a resource for you. Good luck with the search!
Ali, Trulia Voices Community Manager... more
The longer I am a Real Estate broker, the deeper my appreciation of the fact that it is a market. Prices are determined through the interplay of supply and demand. Streamwood is an interesting community. I consider it undiscovered and therefore totally under rated. A diverse range of housing options from no-frills starter homes and town homes to upscale deluxe homes. All priced substantially below equivalent properties in Schaumburg. No one can predict the future. Look at what happens in the stock market. When markets boil people make ridiculous predictions to the upside (remember all the DOW 25,000 and even DOW 100,000 predictions made at the last market top). When markets tank people make ridiculous predictions to the downside (remember DOW 3,000 and even DOW 1,000 when the market hit a bottom a year ago). Unlike the stock market, your home provides the necessity of shelter. If you don't own a home you must rent to have shelter. So, the best move a credit-worthy renter can make now appears to be to buy a home where the monthly mortgage payment (PITI) would be at or below what they are paying for rent. This is certainly possible in Streamwood. There are starter homes on the market there for $60,000. To take advantage of the homebuyers tax credit, you must be under contract by April 30 (less than 100 days away). The market may be slower than 2007 but it is no where near as bad as winter of 2008. The homebuyers tax credit is working and helping starter homes sell. Prices on starter homes could start to rise in the next few months. If you would like to schedule an appointment to discuss specific options tailored to your needs, please give me a call or drop me an email. We can also sit down and talk to members of my lending team who can run the numbers for you.
Prudential Starck, REALTORS