Team Splitt just listed this fantastic value at 1142 S Talcott, Waukegan, IL 60085

Gurnee schools and great location make this one a great buy!

 

164 Knobb Hill in Gurnee has reduced its price! Call for an appointment to see today!

 

Gurnee Market Area Trends

 

 

 

Price Improvement! Call for an appointment to see today!

 

Price Improvement!! 164 Knobb Hill has just been reduced! Call for an appointment today!

 

Just listed!! Priced at $219,900 Make an appointment and see today!

 

Gurnee Market Trends

 

 

 

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
6159 Indian Trail Rd	4	2.1	Somerset	Unfinished Crawl	284,900
6271 Sleepy Hollow Ln	3	2.1	Newport	Finished, English	289,900
124 Knob Hill Lane	4	2.1	Glenhaven	Finished	289,900
200 Pheasant Meadow	4	2.1		Crawl	329,000
232 Saratoga Ct	3	1.1	Heritage	None	229,900
6200 Indian Trail Rd	4	2.1	Somerset	Unfinished Crawl	294,000
6183 Old Farm Ln	4	2.1	Bedford	Partial, Finished Crawl	374,999

Status	Address	Bdrms	Bath	Model	Bsmt	Asking Price
A/I	6152 Indian Trail	4	2.1	Somerset	Finished	329,000
A/I	276 Southridge Dr	4	2.1		Unfinished	300,000
A/I	6289 Wildflower	4	2.2	Bennington	Finished, English	449,900

Address	Model	Asking Price	Sale Price	Closed Date
213 Southridge Dr	Regency	272,500	262,000	5/28/2010
6413 Plainview Dr	Newport	289,000	247,000	4/14/2010
221 Saratoga Ct	Westbrook	310,000	305,000	3/12/2010

Gurnee Market Trends May 2010

 

 

 

Are you a seller in trouble? Are you behind in mortgage payments? Here are some of the answers you have been looking for.

A short sale is when the home's current value is less than the mortgage and the closing costs that a seller will incur when selling a house. The seller does not have the funds available to make up the difference. A short sale is different from a foreclosure where the bank takes the necessary steps to take the property from the owner through legal action.

Consider contacting your lender to arrange a loan modification. Your lender may have programs available to help you. You may be able to lower your interest rate for a period of time or the length of your loan. Another option may be to refinance the loan.

If you are not able to do a loan modification or this is not enough to help and you need to sell your home, look for help with an experience Realtor. When you interview agents make sure to ask if they have experience with short sales. Have they taken any classes to learn about the process to help you get through it? There are currently a few designations available to Realtors to learn about what the process is and how to best help a client. You will also need the help of an attorney that has handled short sales before.

You will need to show some sign of distress to the bank. Distress could be loss of a job, divorce, or in some way your income is not great enough to make the payments on the loan.  Gather your information before an offer comes in. You will need to have a distress letter written to the bank explaining your situation, your past two years of your federal taxes that have been filed, along with proof of your assests and income. These will be delivered to the bank once your have an accepted contract with a buyer.

Buyers will need to be prepared to wait for the bank approval. This typically can take anywhere from 2 months to 9 months depending on the lender. Your realtor and attorney will help you along the way. The bank will review the papers and order an appraisal to verify the price of the home compared to the purchase agreement.

The lender has approved the contract and typically will responsd with a time frame to close within. This is usually within 30 days. While going through this process you usually can stay in the home. Make sure your attorney reviews the banks response so you know how the short sale will effect you. They do effect your credit, although less than a foreclosure will. You may also have to pay taxes on the mortgage forgiveness.  Having experience people help is key.

If you have more questions, we can help. We have experience with short sales, foreclosures, and are also CDPE (Certified Distresses Property Expert) certified.

Visit us at Team Splitt and give us a call to learn more.

We recently ran a search of distressed homes for sale in the multiple listing service. This would include those homes that area a short sale, foreclosure, or possibly a pre-foreclosure. While some of the information is difficult to pull without going through each home listing, this is what we found.

For the first quarter of 2010 for the homes that have closed or sold
Town                                             percentage of the market that was a distressed sale
Antioch                                          56%
Grayslake                                      29%
Gurnee                                           24%
Libertyville                                   23%
Lindenhurst/Lake Villa              45%
Round Lake                                   76%

So for the homes that are currently listed for sale on todays market what percentage of the market is a distressed sale?
Antioch                                           12%
Grayslake                                       14%
Gurnee                                            13%
Libertyville                                      4%
Lindenhurst/Lake Villa               21%
Round Lake                                   17%

Interesting to know the numbers that are out there.  While a smaller percentage of distressed sales are on the market they make up a larger portion of the homes that are selling and closing in Lake County.

To search for homes in Foreclosure or as a short sale, please visit Lake County Best Buys
To search all homes available in Illinois, please visit Lake County Home Search
If you have any questions about buying or selling a home please visit our website at Team Splitt

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
6159 Indian Trail Rd	4	2.1	Somerset	Unfinished Crawl	299,000
6271 Sleepy Hollow Ln	3	2.1	Newport	Finished, English	299,900
124 Knob Hill Lane	4	2.1	Glenhaven	Finished	289,900
200 Pheasant Meadow	4	2.1		Crawl	338,500
232 Southridge Dr	3	1.1	Heritage	None	234,000
213 Southridge Dr	4	2.1	Regency	Partial Finish	272,500
6200 Indian Trail Rd	4	2.1	Somerset	Unfinished Crawl	308,900
6183 Old Farm Ln	4	2.1	Bedford	Partial, Finished Crawl	389,000

Status	Address	Bdrms	Bath	Model	Bsmt	Asking Price
A/I	6152 Indian Trail	4	2.1	Somerset	Finished	329,000
A/I	276 Southridge Dr	4	2.1		Unfinished	300,000

Address	Model	Asking Price	Sale Price	Closed Date
268 Southridge Dr		398,000	365,000	2/1/2010
6413 Plainview Dr	Newport	289,000	247,000	4/14/2010
221 Saratoga Ct	Westbrook	310,000	305,000	3/12/2010

Gurnee April Market Trends

 

 

 

Not sure what to do? Here are a few ideas that may of interest to you....

April 11 at 2pm

Cinderella's Glass Slipper - College of Lake County - 847-543-2300 - A musical version of the classic tale.

April 14-16th

Let's go Science - College of Lake County - 847-543-2300 - Learning Physics is fun

April 16

Jerry Seinfeld - Genesee Theater

April 16-18, 22-24

The School for Scandal - College of Lake County - 847-543-2300 -comedy theater

April 16th

Family Fun Day - Hunt club Park Soccer Field, Gurnee- 847-599-5499-musical entertainment and kite flying.

April 17th

Take a Step for Kids - Independence Grove, Libertyville - Help fight child abuse

April 23

Smelt Fest - Park Avenue Beach, Highland Park - Spaghetti dinner - YUM!

April 30-May 2

Chocolate Festival - Downtown Long Grove - 847-634-0888 - Everything chocolate!

Elizabeth Splitt | Keller Williams Realty | 847-987-4941 285 Penny Ln, Grayslake, IL 3BR/1+1BA Single Family House offered at $189,800 Year Built 1992 Sq Footage 1,404 Bedrooms 3 Bathrooms 1 full, 1 partial Floors Unspecified Parking 2 Car garage Lot Size 6,695 sqft HOA/Maint $0 per month   DESCRIPTION Stop the car this is the one! Second story entryway. Living room, dining room, kitchen with all brand new floors, eating area and all appliances are second story as well. Second floor with full bathroom, 2 bedrooms and a loft. Loft can easily be converted to third bedroom. Master bedroom with his and hers walk-in closets. Fantastic backyard with custom desk. Close to grade school, park, trails and tennis courts!   see additional photos below    PROPERTY FEATURES - Central A/C - Fireplace - High/Vaulted ceiling - Walk-in closet - Living room - Dining room - Breakfast nook - Dishwasher - Refrigerator - Stove/Oven - Laundry area - inside - Balcony, Deck, or Patio - Yard         COMMUNITY FEATURES - Garage parking         OTHER SPECIAL FEATURES - This home also has a security system and CO detectors!     ADDITIONAL PHOTOS 285 Penny Lane Great Room Kitchen Eating Area Dining Room Backyard   Contact info: Elizabeth Splitt Keller Williams Realty 847-987-4941 For sale by agent/broker Equal Opportunity Housing Posted: Mar 16, 2010, 7:32pm PDT

Gurnee Market Trends for March 2010

 

 

 

Do you have questions about the homebuyer tax credit? When is the expiration? Who qualifies for the credit and how do you get the credit?

Look no further. The answers to all your questions can be answer at Realtor.org. Just click on the link to find your answers. The deadline is fast approaching on April 30, 2010 you must have an accepted contract on a property and close on that home purchase by the end of June. There are also income levels you should be aware of. If you have any other questions or are ready to get started in looking for your new home, just give us a call. We are ready to help you!

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
6159 Indian Trail Rd	4	2.1	Somerset	Unfinished Crawl	329,000
6271 Sleepy Hollow Ln	3	2.1	Newport	Finished, English	299,900
124 Knob Hill Lane	4	2.1	Glenhaven	Finished	300,000
200 Pheasant Meadow	4	2.1		Crawl	348,500
276 Southridge Dr	4	2.1		Unfinished	300,000

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
274 Big Terra Ln	4	2.1	Custom	Finished	469,999

Status	Address	Bdrms	Bath	Model	Bsmt	Asking Price
CTG	221 Saratoga Ct	4	2.1	Westbrook	Finished	310,000
CTG	6413 Plainview Dr	3	2.1	Newport	Unfinished, English	289,00

Address	Model	Asking Price	Sale Price	Closed Date
268 Southridge Dr		398,000	365,000	2/1/2010

Did you know that you can donate food to the local food pantry at anytime? You don't need to wait for a food drive to come to you anymore. You can drop food at a local pantry or even donate food online at Northern Illinois Food Pantry. At this site you can purchase food or donate money. With the economic times we are currently experiencing, food is desperately needed and your help is needed. To see a list of local pantries in the area, along with the hours of operation, just click here. We recently went to Sam's Club and purchased items to bring to the pantry and you can too!

Gurnee Market Area Trends February 2010

 

 

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
6159 Indian Trail Rd	4	2.1	Somerset	Unfinished Crawl	329,000
6271 Sleepy Hollow Ln	3	2.1	Newport	Finished, English	299,900
6413 Plainview Dr	3	2.1	Newport	Unfinshed, English	289,000
124 Knob Hill Lane	4	2.1	Glenhaven	Finished	300,000
200 Pheasant Meadow	4	2.1		Crawl	348,500

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
274 Big Terra Ln	4	2.1	Custom	Finished	469,999

Status	Address	Bdrms	Bath	Model	Bsmt	Asking Price
CTG	221 Saratoga Ct	4	2.1			310,000

Address	Model	Asking Price	Sale Price	Closed Date
268 Southridge Dr		398,000	365,000	2/1/2010

Gurnee Market Trends

 

 

 

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
268 Southridge Dr	4	2.1		Finished	398,000
6271 Sleepy Hollow Ln	3	2.1	Newport	Finished, English	299,900

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
274 Big Terra Ln	4	2.1	Custom	Finished	469,999

Address	Bdrms	Baths	Style	Bsmt	Asking Price
1209 Sandpiper Court	5	2.1	Fairfield	Unfinished	375,000

Address	Bdrms	Baths.	Style	Bsmt	Asking Price
268 Southridge Dr	4	2.1		Finished	398,000
6159 Indian Trail Rd	4	2.1	Somerset	Partial	342,500
6271 Sleepy Hollow Ln	3	2.1	Newport	Finished, English	299,900
274 Big Terra Ln	4	2.1	Custom	Finished	469,999

 

 

 

 

 

 

 

Gurnee Market Trends for October 2009

 

 

Address	Bdrms	Baths	Style	Bsmt	Asking Price
268 Southridge Dr	4	2.1	N/A	Full	399,000
6159 Indian Trail	4	2.1	Somerset	Partial	349,900
124 Knobb Hill	4	2.1	Glen Haven	Full	319,900

Elizabeth Splitt | Keller Williams Realty | 847-987-4941 575 Euclid Ct, Highland Park, IL 5BR/2.5BA Single Family House offered at $479,900 Year Built 1979 Sq Footage 3,012 Bedrooms 5 Bathrooms 2 full, 1 partial Floors Unspecified Parking 2 Car garage Lot Size 3,012 sqft HOA/Maint $0 per month   see additional photos below