Home Buying in Lisle>Question Details

Fourlakes, Home Buyer in Lisle, IL

Four Lakes Condo's

Asked by Fourlakes, Lisle, IL Wed May 6, 2009

I'm looking at purchasing a condo in Four Lakes. Looking at the listings they seem dirt cheep. Is this just because of the huge number of units for sale or is there something wrong with them? What were one bedrooms selling for in the boom years ('04-'06)?

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6
Hi Fourlakes...
Did you ever buy that condo? I am curious...
Four Lakes is awesome. If I was young, single and living in the western suburbs, I would live there...
Good luck,
Ken
0 votes Thank Flag Link Thu Feb 4, 2010
I hope this helps...

My husband and I have lived in Four Lakes for a number of years and have really enjoyed it. I've always felt safe walking the dogs at night, and our neighbors have been wonderful. The buildings were built in the '70s, but many units are updated and look great inside, although some don't have many of the available upgrades.

In the next week, we are planning to put our place on the market for 117,900. It has stainless appliances, new flooring thoughout, and updated kitchen, a granite fireplace surround and a large patio that leads to grass--great for entertaining or taking out the dogs. When my husband bought it --I think it was in 2003--he paid around 124,000 for it. Since then, we've put in all the upgrades. Our neighbors purchased an almost idential unit in 2007 for over 130,000. But that's the market when there's a surplus of properties, I guess.

If you're interested, you can drop me an e-mail at gr8condo1833@yahoo.com. I'd be glad to send you pictures or answer any more questions you have.
0 votes Thank Flag Link Thu Jul 9, 2009
According to our MLS, in 2004, the cheapest one bedroom sold for $92,500 and in 2006 the cheapest one bedroom sold for $100,000.

I don't think there is anything wrong with them. There are 74 on the market with 7 of those under contract, may take a while to work through the current inventory.

When I have shown Four Lakes to my clients some of their comments have been: The complex is way too big or they prefer indoor parking, not an outside space.

I hope this helps!

Laura Karambelas
Downers Grove Realtor
0 votes Thank Flag Link Thu May 7, 2009
I would have you look at a couple of cheaper ones and a couple of more expensive ones and you can compare the pricing. There is a lot for sale in Four Lakes, plus rentals. You will also want to look at places in Downers Grove, North Naperville and other condo's in Lisle to compare. There is a lot out there in the condo market and you will want to do your homework. Price doesn't always mean its a good deal.

Mark Karambelas
Baird and Warner
0 votes Thank Flag Link Wed May 6, 2009
Regarding 1 bedrooms there are 26 listings $63,900 -$152.00

Please go to http://www.danfirks.com to view them

Thanks

Dan
Web Reference: http://www.danfirks.com
0 votes Thank Flag Link Wed May 6, 2009
There are 67 condos available today in Four Lakes and they range fro $63,900 to $219,000.00 to view these listings for free go to http://www.danfirks.com and register to view them- no info is shared and it’s the true MLS- updated real time.

Check it as often as you like, Always free!

Been doing real estate for 13+ years full time- got through the last 2 bad years- had a great year last year- sold almost more homes then in 2002 when the market was hot.

Please feel free to call me anytime at 630.637.9009

Hope to hear from you

Dan Firks
RE/MAX
Web Reference: http://WWW.DANFIRKS.COM
0 votes Thank Flag Link Wed May 6, 2009
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