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Home Buying in Vernon Hills : Real Estate Advice

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  • Home Buying12
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Activity 12
Thu Oct 16, 2014
Dace Bandere answered:
I could help you find out information on any property you may have interest in. Please reach out to me directly. You can search for FORECLOSURES off my website ... Click below.
0 votes 1 answer Share Flag
Thu Oct 16, 2014
Dace Bandere answered:
I could help you find out information on any property you may have interest in. Please reach out to me directly. You can search for FORECLOSURES off my website ... Click below.
0 votes 6 answers Share Flag
Tue May 27, 2014
Trudy Brusenbach answered:
Cherry Valley is convenient to everything. Nice walking paths, parks, schools, shopping, Rt 83 and Rt 60 to the interstates. The only thing you should know is it is the specific school district you are looking for may not be the one you want. Some of Vernon Hills is Stevenson High School and some is Vernon Hills High School. Both school districts are wonderful and provide exemplary education. ... more
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Tue Jun 26, 2012
John Walin answered:
This isn't a hard question. Take 1/3 of the assessed value and multiply times the multiplier for the municipality, incorporated or unincorporated. Lake forest has the best taxes in Lake county, highest avg assesment and lowest tax rate. I dont understand why you are looking at 3600 sqft LF and 1600 in Lincolnshire. Not apples to apples. 3600 sqft in LF is way, way cheaper in taxes than Lincolnshire or Vernon Hills. If you are looking at best deal for $10k in taxes per year lake forest and Lake Bluff get my vote!

Call me if I can be of service.
... more
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Sun Apr 22, 2012
Kay Phillips answered:
...and to tag on to what others have said, you can also tell if there is the word "unit" in the legal description because that will designated "condo." Additionally with a townhouse, you will have a plat of survey as well meaning that you own the footprint around your home. You will not with a condo.

While I respect your mortgage brokers opinion re: condos, there are other financing options now available when it comes to buying condos...not just FHA. I have a mortgage broker that I work with who has a 1% down/Not on the FHA Approved List program. Here are some highlights of the program.
 1% minimum down-payment and No PMI!
 No Condo Questionnaire needed. Complex must be 50% owner-occupied.
 Buyers cannot currently own any other properties.
 Minimum credit score of only 625 (average of all three).
 All collections on credit report must be paid prior to or at closing.
 Loan amount cannot exceed $200,000.
 Don’t need FHA approval, but does require home inspection & survey.

This is HUGE!!!!!!!!!!! No PMI alone is amazing and saves 000's of $$$$.

Hope this helps! You can reach me at Kay@KayCanSell.com if you need more info. Good luck!
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0 votes 14 answers Share Flag
Thu Jan 28, 2010
Eric Egeland answered:
Hi Patricia,

I agree with Amy that Lake Forest tends to have the most reasonable tax rate in Lake County when comparing the taxes assessed vs. the true market value.

Cook County as a whole tends to have lower taxes than Lake, but they are closing the gap. ... more
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Mon Dec 28, 2009
Al Aronow answered:
Sdasmaju,

Per the Lake County Assessor's website the current 2008 tax bill for 762 N. Summit was $3,596.04. The 2008 assessed value was $51,328 and the fair market value per the assessor was $153,984. There was a sale recorded for this property on 12/18/08 for $390,000. The 2009 assessed vaalue is $138,337 which means the fair market value per the assessor will be approximately $415,011. The tax rate for 2008 was 7.006. The tax rate for 2009 hasn't been determined yet. If the tax rate remains the same for 2009, the real estate taxes will be approximately $9,691.89 (138,337 x .07006). Not included in this is any limited homestead, home improvement, senior homstead or senior freeze exemptions.

I am very familiar with Aspen Pointe and have sold and rented several properties in the subdivision. Please feel free to call or email me with any questions.

Good luck,
Al Aronow
RE/MAX Suburban
... more
1 vote 4 answers Share Flag
Wed Oct 21, 2009
Edith Karoline Jasser answered:
Hi Kalpar,
the answer is still the same as long as you intend to stay for more than 5 years before considering selling.
Talk to you soon.
Edith
0 votes 7 answers Share Flag
Tue Mar 17, 2009
Al Aronow answered:
As a first time buyer you are asking some great questions many of which have been basically answered through the responses from the other agents. As a Realtor who has lived and focused mainly in the Vernon Hills, Libertyville and Mundelein areas for the last 34 years I have a lot of insight into the history of the Vernon Hills market. There are many positive reasons to live and invest in the area, some of which are it's location to transportation, corporate businesses, retail shopping, highly rated schools, terrific park and library districts. A higher percentage of the real estate taxes has always gone toward the schools in comparison to some other taxing districts. When you compare the programs that are offered, composite ACT scores, percentage of graduates that continue on to college and overall support from the community in relation to other areas, the amount of tax dollars is well worth it to increase or maintain the value of a property. If you would like to discuss this further, please feel free to contact me at your convenience. It would be a pleasure to help.

Thank you,
Al Aronow
RE/MAX Suburban
847-557-8501
... more
0 votes 4 answers Share Flag
Thu Sep 4, 2008
Cynthia Nash-Frye answered:
Hi, again, Shushi!
I often have clients ask my opinion of one subdivision or another. Just so you know, "steering" or directing a client to one area versus another is a Federal Offense for Realtors to do, so we just can't even go there. What I advise my clients is to get in their cars, drive through the neighborhoods and talk to people who live there-candidly asking them the pros and cons. You'll be surprised how open and helpful people are! As far as a basement or not, that's another personal decision. For example, a young couple that's planning to stay for a while and possibly raise children there might appreciate or need more storage. A couple downsizing and considering a ranch model might prefer no basement-no stairs whatsoever. I hope this helps, and please let me know if you have any other questions!
Thanks,
Cynthia
... more
0 votes 1 answer Share Flag
Fri Mar 7, 2008
Paul Mackey answered:
No matter which way you go the taxes will play into your monthly payment. Do your finacial planning accordingly. You probably will pay the same per month renting as you would on a mortgage ( I sell and rent Vernon Hills as an agent). Short term (less than 3 years) rent otherwise crunch your numbers before making your plans... ... more
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