Is anyone like first time buyers seeking a townhome 2 br 1 bath with no assessments in bellwood, il?

Asked by Lunyai Smith, Bellwood, IL Sun Aug 10, 2008

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Wayne Beals, Agent, Chicago, IL
Sun Aug 10, 2008
I live in Maywood and can tell you that Proviso is suffering from the same slump that other areas are experiencing. Increased forclosure rates have impacted those trying to sell homes at a fair market value. Bellwood has mad many positive political and civic changes over the past years and I would not be surprised if consumers would not be looking at the village for a first home. The question is: "at what price?"

When I pull up Bellwood's recent activity, there are six closings in the last 14 days and seven homes placed under contract. All sales have closed under $150k which tells me that there is likely a vibrant first time homebuyer market.

The two townhomes that have changed status were priced at 189,900 and 160,000. If these townhomes have substantial improvements above the detached single family homes recently sold, they may get attention, however the detached homes have more sq. footage and much larger lots. The biggest advantage f the townhomes appear to be much lower tax rates.

Feel free to call with questions.
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