Home for Sale at 107 W Elm Street, Fairbury, IL 61739

107 W Elm Street
Fairbury, IL 61739

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Property Details

List Price:	$129,900
Beds:	4
Baths:	2
Status:	Pending
SqFt:	1870
Agency:	Keller Williams Bloomington

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Description/Comments

Lot Size:	--
Property Type:	Residential
Year Built:	1910
Notes:	Check out this rare opportunity to purchase a spacious and well maintained 4 bed / 1.5 bath home in Fairbury IL! 107 W. Elm offers so much more than meets the eye from the road! A welcoming front porch, freshly remodeled entry way, pleasantly updated and spacious living spaces, main floor primary bedroom with 1/2 bath, and main floor laundry are all reasons to love this property. Pride of ownership shows clearly in this home and it is "move in ready"! The living space on the main level is generous and offers more than ample space for hosting larger gatherings and spreading out with family! The 9' ceilings on the first floor only add to the spacious feel! At approximately 1,870sq', this home is priced to sell at under $70sq/ft. There are three secondary bedrooms upstairs and also a cozy loft sitting area that will make a great office or toy space. The kitchen is a warm and welcoming gathering spot in the home that has been updated with newer can lighting, flooring, and painted cabinets. Most of the windows have been updated with energy efficient vinyl replacements and the roof is approximately 10 years old. An attached garage with access from the alley makes coming and going a breeze no matter rain or shine, and an 8x8 yard barn offers a great source of extra storage space. Don't miss your opportunity to secure a wonderful place to call home without spending a fortune! Fairbury IL is home to an array of wonderful businesses, restaurants, and recreational opportunities and is proof that the spirit of small town USA is still alive and well! Come and see for yourself! ***Seller has recently contracted with Kafer Tiling to clean out basement drains and install an exterior sump pump to address the previous basement water issues. Due to this work, the bushes shown in the listing pictures have been removed and the yard has been re-seeded.
MlsNumber:	12058833

Listing Provided By:	Keller Williams Bloomington, original listing
Name:	Keller Williams Bloomington
Phone:	(309) 834-3400
Office Name:	Keller Williams Revolution
Office Phone:	(309) 834-3400
Agent Name:	Zach Anderson
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.

Free Foreclosure Listings

USHUD.com is a website that simplifies the process of finding foreclosures and HUD properties. Everyone thinks they are a real estate web surfing pro until they search for foreclosure homes and stumble upon a numerous sites that want to charge a fee to see their listings. With USHUD.com that’s not the case. When searching for HUD properties or a home finding website for foreclosure it is important to know what you are looking for. It is important to use a niche company that specializes in foreclosures like USHUD.com. We have put together 2 tools that have made the real estate search process of our website much easier to navigate. The Homesearch online tool is filled with foreclosure lists and free listings of hud homes for sale. Most of our users start with a broad search with the homesearch online tool to see the most HUD properties and foreclosure lists in your area and narrow their search down with the Homefinder online tool. The homefinder online tool is a custom filter system that we breakdown the area based upon filters such as convention and foreclosure listings. This give you the option to filter out conventional listings and focus on just the foreclosures in the market. We thank you for making us Americas top home finding website for foreclosure and Hud properties. Free listings of hud homes for sale are hard to come by but should always be free and that’s the way things are going to stay on our website.

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.

USHUD.com is a private company not affiliated or associated with or endorsed, authorized, approved, sponsored
or licensed by the US Department of Housing and Urban Development

USHUD.com is an Equal Housing Opportunity

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