Home for Sale at 405 W FRONT Street, Wheaton, IL 60187

405 W Front Street
Wheaton, IL 60187

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Property Details

List Price:	$475,000
Beds:	3
Baths:	2
Status:	Pending
SqFt:	1794
Agency:	Keller Williams Premiere Properties

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1999
Notes:	Check out this Rarely Available Waterford Place End Unit Condo located in an ELEVATOR Building with GARAGE Parking in the Heart of Downtown Wheaton! Step on in and you will feel right at home- Light and Bright with Southern and Western Facing Windows -Open Floor Plan with nearly 1800 square feet of space and bonus STORAGE space too! Freshly Painted Neutral Paint Color and a Large Living Space for Entertaining and Relaxing. Sliding glass doors lead to your 15 foot wide Balcony Outdoor Space to Relax on and take in the beautiful Downtown Wheaton Views. Light and Bright Eat In Kitchen with White Cabinets, White Appliances, Pantry with Pull out shelves, Window over Sink and Room to move around. Dining Space has plenty of room for your Large Table and side board. Bring your OVERSIZED furniture to this Primary Bedroom Suite!- Plenty of space for your LARGE Bed and additional furniture. Don't forget to check out the private ensuite FULL bathroom complete with WALK IN Shower, Whirlpool Soaker Tub and DOUBLE sink vanity. You will appreciate the deep walk in closet in this bedroom along with a second closet too! Second Bedroom has Ceiling Fan, Western facing windows and has a deep walk in closet too! Third Bedroom has Southern facing Windows and Double Closets. Large FULL Guest Hallway Bathroom too! Laundry room with Full Size, Speed Queen Commerical Heavy Duty Washing Machine and Dryer, additional storage and plenty of space for folding and sorting clothes. Entry Hallway has coat closet and bonus closet too. Flexicore concrete building construction makes this home quiet and private. Secure entrance, elevator building with heated garage space included and large storage room conveniently located right next to parking space. Additional exterior parking space in back of building with permit. You will appreciate the well cared for common areas and hallways in addition to the well managed and healthy financial strength of the this HOA. Waterford Place is a smoke free environment. List Agent related to Seller. Monthly HOA fee covers so much- Gas, Water, Sewer, Garbage, Parking, Common Insurance, Landscaping, and Snow Removal. Maintenance Free Living in an ELEVATOR Building is here! Conveniently located in historic downtown Wheaton, steps to shops and restaurants. Walk to the French Open Market, The Burger Social, Starbucks, the Prairie Path, and the charming shops of downtown Wheaton. Metra station is across the street. Commuting to Chicago (and all stops in between) for work or pleasure couldn't be more convenient! Take a look today!
MlsNumber:	12026638

Listing Provided By:	Keller Williams Premiere Properties, original listing
Name:	Keller Williams Premiere Properties
Phone:	(630) 545-9860
Office Name:	Keller Williams Premiere Properties
Office Phone:	(630) 545-9860
Agent Name:	Gina Damore
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.

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.

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Property Details

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Description/Comments

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HUD Foreclosures

Foreclosure Listings Increasing