Plainfield, IL Real Estate News

By LaNita Cates
(REMAX of Joliet)
"Whether LaNita or any other realtor is responsible for sales in the millions or billions of dollars or not, that in itself doesn't impress me.LaNita will work just as hard for you regardless of the price tag. Her work ethic and integrity shine through.LaNita is focused as can be. LaNita never once answered an unsolicited call during any of the time we were working together, be it going to a house, viewing the house, or writing up an offer. If on the rare occasion I asked a question she didn't have an answer to, she might call for clarification on it from the other agent. That would be the only time she was on the phone in my presence.You don't wonder if she's on your side, you know it.Due to economic circumstances, my price range changed somewhat during the course of the house hunting ...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
In hopes of keeping my readers up to date on the rental market in Plainfield IL, I will start listing the properties that have rented month by month.  Hopefully this will give anyone considering a rental home in Plainfield IL an idea of the price ranges of homes available for rent. The following properties rented in Plainfield IL in the month of April 2009:   2 Bedrooms Single Family Plainfield IL Rental Homes: 13918 S. Oakdale Ct. rented for $1,200 2414 Millpond Ct. rented for $1,230 5007 Elmira Ct. rented for $1,300 16250 Fairfield Dr. rented for $1,350 5102 Edgewater Ct. rented for $1,395 21316 W. Douglas Ln. rented for $1,500 13212 Lake Mary Dr. rented for $2,100 3 Bedroom Single Family Plainfield IL Rental Homes: 14052 Edgewater Ln. rented for $1,275 5520 Stonybrook rented for $1,2...
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By LaNita Cates
(REMAX of Joliet)
Matt's Pit Crew Hot Dog Sales Saturday May 16, 2009 from 11:00am - 4:00pm at Strack & Van Til -59 & Cation Farm Road, Plainfield, Illinois 60586 This event will be for the American Cancer Society, we will be selling hot dogs for our Relay for Life team, Matt's Pit Crew. Come out and support the American Cancer Society, and have a cheap lunch. Ticket Info: $1.00 For all your real estate needs in Plainfield and the Plainfield area, call LaNita Cates with REMAX at 630-341-1545 or visit www.lanitacates.com.
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By LaNita Cates
(REMAX of Joliet)
date:Wednesday, May 6, 2009 time:6:00 PM to 8:00 PM venue:Plainfield Public Library District address:705 North Illinois Street  Plainfield, IL 60544  View map from:Plainfield Public Library District Once a month a foreign film will be shown. There will be a brief introduction to the film and an optional discussion after the film. Parents must accompany minors (or sign a permission slip) when R rated films are shown. Registration is required, open to grades 9 and up. May 6 - Amelie (R) For all your real estate needs in the Plainfield area, please call LaNita Cates at REMAX. 630-341-1545 or visit www.lanitacates.com
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
Short sales offer a pretty fair discount on single family homes in the area and right now there are many homes in Plainfield IL available to chose from, but the banks aren’t going to give them away for pennies on the dollar. Here are a few things you can expect when writing an offer on homes that require 3rd party lender approval: Short sales take time.  If you are not willing or able to wait the 6-10 weeks required for lender approval, a short sale is probably not the right choice for you. The lower the price, the less likely your offer is to be accepted.  The further your offer is  from the list price on the MLS, the less interested the bank will be in your offer. Be prepared to submit a counter offer.  Lenders always counter the original offer, so be prepared to increase the ante, ev...
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  With all of the news on t.v. and talk on the radio, you might be wondering how the value of your Plainfield IL townhouse or duplex is doing.  Many homeowners today are keeping a close eye on their Plainfield IL property values with good cause. While there is definitely depreciation going on in the market, there are other factors contributing to the health of the Plainfield town home and duplex market. The volume of sales for the attached single family market in Plainfield IL is down drastically from March of 2008 when compared to March of 2009 by approximately 72%. There has also been an increase in market times of about 26% for those sales on average, meaning it’s taking about 26% longer to sell 72% less homes. The townhome and duplex market in Plainfield IL has suffered an approxima...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
Comparing the 4th quarter of 2008 to the first quarter of 2009 in Plainfield IL: There were 197 new filings in the 4th quarter of 2008, compared to the 250 filings in the first quarter of 2009 for an increase between the quarters of 21.2%. In comparing the number of newly filed foreclosures in Plainfield IL from the 1st quarter of 2007, 2008, and 2009 there is a steady increase in the number of foreclosures each year. 1st Quarter Figures for newly filed single family Plainfield IL foreclosures by year: 2007: 116 new filings 2008: 218 new filings 2009: 250 new filings There was a 12.8% increase in foreclosures from 2008 to 2009 There was a 46.8% increase in foreclosure from 2007 to 2008 As you can see from these figures, Plainfield has not seen the bottom of this market yet, though it do...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
    Many analysts believe the number of new home sales is an indicator of the health of the real estate market.  Today I contacted the Village of Plainfield to get some figures on the number of permits requested by new home builders in Plainfield IL. New permits issued for new construction: 2007 = 404 permits 2008 = 172 permits In the last 6 months only 26 new permits were requested through the village.  As you can see there has been a drastic reduction in the amount of permits that have been applied for between 2007 and 2008, which shows a decrease of 57.5%. Subscribe to my site through e-mail subscription and never miss a post. Stay tuned for more Plainfield IL market reports. Julie Ferenzi | Realtor® Plainfield IL Homes 630-673-6233
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Saturday June 27, 2009 at 8:00pm Plainfield North High School12005 S. 248thPlainfield, Illinois IL Get Directions What: Relay For Life is the American Cancer Society's signature activity. It offers everyone in a community an opportunity to participate in the fight against cancer. This will be Team Gonza's 7th year doing Relay and we are extremely excited to have Overman back again!When: June 27th, 2009Tentative Schedule:2:00PM : Opening Ceremony2:30PM-6:00PM : Really fun stuff!!!!!!!6:00PM-6:30PM : Lee's Band (?)6:45PM-7:30PM : Overman7:45PM-8:30PM : Clifton Roy & Folkstringer9:00PM : Luminaria Ceremony10:00PM-4:00AM : Really fun stuff!!!!!!!4:00AM : Closing CeremonyWhere: Plainfield North High School 12005 S. 248th Plainfield, IL For all your real estate needs, call LaNita Cates at REM...
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"Ask the Priests Trivia Night" at St. Mary Immaculate Friday May 15, 2009 at 7:00pm St. Mary Immaculate Parish15629 S. Rt. 59 Plainfield, Illinois 60544 Get Directions "Ask the Priests Trivia Night" at St. Mary Immaculate"Ask the Priests Night" at St. Mary Immaculate Parish is Friday, May 15th. The evening starts at 7:00 pm in the St. Mary Immaculate Gym at 15629 S. Rt. 59 in Plainfield. In a question and answer format, the evening provides an opportunity to ask serious or light hearted questions about our Catholic Faith and Traditions. Fr. David, Fr. Dan and Fr. Stan will be providing the answers. Attendees can submit questions by completing a form provided and, dropping it into a box provided in the Commons. Or email your questions to dguerrero@smip.org. We suggest you bring snacks to...
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By LaNita Cates
(REMAX of Joliet)
Great Movies for Adults! date: Friday, April 3, 2009 time: 1:00 PM to 3:30 PM venue: Plainfield Public Library District address: 705 North Illinois Street  Plainfield, IL 60544  View map from:Plainfield Public Library District March 6 - In Bruges April 3 - Catch Me If You Can May 1 - Mamma Mia! Location : Large Meeting Room For all your real estate needs in the Plainfield area, call LaNita Cates at 630-341-1545 or visit www.lanitacates.com.
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St. Mary Immaculate/Jackhammer's Night - Ticket Sales Sunday April 26, 2009 - Sunday May 10, 2009 from 7:00pm - 6:00pm St. Mary Immaculate Parish15629 S. Rt. 59Plainfield, Illinois 60544 Get Directions Monday, June 15 is St Mary Immaculate Night at Silver Cross Field when the Joliet JackHammers host the Winnipeg Goldeyes. Game time is 6:05pm.Fans can get a special reduced admission price of $5.00 per ticket when they buy their tickets at St. Mary Immaculate Parish, 15629 S. Rt. 59 in Plainfield.Tickets are pre-sold at the Parish Commons area (Building B) through May 10, after all Masses: Sunday, April 26, May 3 & May 10 and t the Commons desk Weekdays from 9:00am to 9:00pm, Saturdays from 9:00am to 6:00pm and Sundays from 7:30am to 7:30pm.Please have cash or check made payable to "SMI P...
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Sunday April 26, 2009 from 8:30am - 12:30pm St. Mary Immaculate Parish15629 S. Rt. 59Plainfield, Illinois 60544 Pancake Breakfast at St. Mary ImmaculateGood Shepherd Council #5573 of the Knights of Columbus will serve a Pancake Breakfast on Sunday, April 26th, 8:30 am to 12:30 pm in the St. Mary Immaculate Gym. The menu includes Pancakes, Sausage, Orange Juice, Coffee or Milk.A free will donation is requested. The net proceeds will be given to Fr. Dan Hoehn in appreciation for all he has done for the parish and the community.For more information call Steve Zimmer at 815-436-0458 or Fred Kunst at 815-254-7123.St. Mary Immaculate Parish is located at 15629 S. Rt. 59, Plainfield, IL 60544. With nearly 7,000 member families, St. Mary Immaculate is one of the largest Roman Catholic parishes ...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
  The 1st quarter Plainfield IL single family market report is now available.  I have interpreted this information has been taken directly from the MLS.  In a follow up post I will compare and contrast the 1st quarter of 2008 and 2009. In the first 3 months of 2009, 157 single family homes sold in Plainfield IL.  Homes are currently selling at 95% of their asking price in 167 days on average. 100 of the 157 homes that sold this quarter were 4 bedroom homes, which was 63% of the market share of the homes sold.   There were only 9 Plainfield IL homes that sold, but those home sold at about 96% of their asking price, up 1% from the total average.  The average market time on the 5 bedroom homes were about 26% higher than the total average of 167 days.  Plainfield IL 1st Quarter Single Famil...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
The Spring real estate is in full swing. What can Plainfield IL home sellers expect to see in this market? To start, volume of single family detached home sales in Plainfield IL this March is down by about 11% compared to the same time last year, while the depreciation in the price of single family detached home market is up by about 17.2%.  Single family homes in March of 2009 are selling for about 17.2% less than they did just 12 months prior, on average. The average sale price of a Plainfield IL home was about $280,133 last year, compared to $232,056 in March of this year.  The good news is that Plainfield IL homeowners who have sold have gotten about 96% of their asking price on average.  That means if you house if your home is not over-priced, you should expect to receive about 96%...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
Many Plainfield IL homeowners are facing the possibility of foreclosure.  The thought of losing the roof over your head is a scary concept, especially if you are worried about the well being of your family and their future. If you are facing foreclosure in Plainfield IL and don’t know what steps to take to either proceed with a short sale or attempt a loan modification, call me to explore the possibility of negotiating on your behalf. Why is what I do different from what other Realtors® are doing in regard to short sales in Plainfield IL?  If there is any possibility of having you keep your home, my loan modification negotiator will begin the process of a loan modification to utilize the option of a short sale as a last resort, unless it’s your preference to attempt a short sale right f...
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The following homes have recently closed in the Eagle Ridge subdivision in Plainfield IL: October 2008 5710 Brosam Ln. closed on 10/17/08 for $235,000 November 2008 1401 Martin Ct. closed on 11/17/08 for $160,000 as a short sale 5708 Brosam Ln. closed on 11/26/08 for $175,000 as a short sale January 2009 1414 Meyer Ct. closed on 1/2/09 for $222,000 The Eagle Ridge Subdivision is located off of River Rd and Theodore just west of Rt.59 in Plainfield IL.  The neighborhood is part of the Troy school district.  There is a $130  Homeowners Association fee that is paid once yearly.  Eagle Ridge was originally developed by Phoenix homes and features two large ponds stocked for fishing, as well as a neighborhood park.  If you, or someone you know are interested in buying, selling, or renting a h...
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The following single family properties have recently closed in the Hampton Glen subdivision in Plainfield IL:   February 2009 1308 Bridgehampton Dr. closed on 2/25/09 for $141,000 as a short sale December 2008 5202 Pontigo Glen Dr. closed on 12/05/08 for $193,000 as a short sale October 2008 1409 Bridgehampton Dr. closed on 10/15/08 for $225,000 September 2008 5105 Gardiner Glen Dr. closed on 9/25/08 for $195,000 as a short sale The following towhomes have recently closed in the neighborhood: March 2009 5130 Freeport Ct. closed on 3/2/09 for $173,000 November 2008 5005 Norwalk Ct. closed on 11/24/08 for $129,000 as an REO 5110 Williston Ct. closed on 11/25/08 for $153,500 5102 Edgewater Ct. closed on 11/7/08 for $176,000 The Hampton Glen subdivision is located on Theodore Rd. just west ...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
We’ve been in our new house for a little over 4 years now.  In that time we’ve landscaped the yard, painted all of the rooms, installed a fence, decorated, re-decorated, cleaned, cluttered and de-cluttered … and then it happened.  My husband started finishing the basement. It’s bad enough when your husband leaves for work before the sun comes up, and comes home long after it’s disappeared… but I had become a weekend widow to the cement walls beneath our happy home. Then this past October, about 10 months into his project,  our family got an unexpected surprise; we found out we’re having another baby.  That’s #5 for anyone whose been counting.  Together we decided that even though we are in the middle of a recession, finishing the basement couldn’t wait any longer, and I couldn’t afford ...
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The following properties recently closed in the Brighton Lakes Subdivision in Plainfield IL: January 2009 1803 Chestnut Hill Rd. closed on 1/28/09 for $201,000 December 2008 5005 Brighton Ln. closed on 12/11/08 for $281,500 The Brighton Lakes subdivision is located near Rt. 59 and Theodore Rd in Plainfield IL.  The neighborhood features a private clubhouse and pool for resident use. There is a homeowners association for the community of $70 per month, which includes the use of the clubhouse and pool. The homes in the Brighton Lakes were built around 1996, but I’m not sure who the builder of this community was since I didn’t leave here when the community was being built. Students in the neighborhood attend the following public schools: River View Elementary Timber Ridge Middle School Pla...
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