Plainfield, IL Real Estate News

By Jeff Turner
(RealSatisfied)
"When Julie Ferenzi of Plainfield read an online journal about a baby boy who was given six to eights weeks to live and needed a bone marrow donor, she went into action." Catherine Ann Velasco, The Herald NewsSeveral weeks ago, you may remember a post by Julie Ferenzi entitled, This Has Nothing To Do With Real Estate But Everything To Do With Humanity. She wrote about a little boy named Trevor Kott who urgently needed a bone marrow transplant. She wrote from her heart. "I don't know why I feel it is my duty to help this family find this very special person who will save their little boy... but I do know one thing. Trevor hasn't given up and neither am I." When Trevor passed away, Julie still didn't give up. She organized a bone marrow drive in Plainfield, Illinois and she talked about i...
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By Julie Ferenzi, Julie Ferenzi
(john greene Realtor)
                      Trevor Kott October 14th, 2006 ~ April 25th, 2007         Trevor was born on October 14th, 2006, with a very rare type of cancer called AML (Acute Myeloid Leukemia).  He endured 5 rounds of chemotherapy in hopes of keeping the cancer at bay until a compatible bone marrow donor could be found.  As time went on, and no donor could be located, Trevor grew more ill.In his short, but meaningful life, Trevor summoned up the good in people.  He challenged strangers to answer a call to be good to each other; to take care of one another.  He made us take notice that, yes... one person can make a difference.  It is with great sadness and a heavy heart that I tell you, Trevor Kott passed away on April 25th, 2007 because a bone marrow donor could not be found in time to save h...
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By Eileen Landau, ABR, CRS, e-PRO
(BAIRD & WARNER, NAPERVILLE)
Today is April 12, 2007.And, this morning I received the following email from a listing agent:"You showed my listing at XXXXXX, Plainfield on 8/9/2006.I have recently reduced the price on this listing from $599,000 to $598,000 and thought you may want to bring your buyers back for another look."1) This is a reduction? If the buyers thought the property was OVER-priced at $599,000 would a thousand dollar "reduction" change their minds? NO!Now, a five percent reduction to $570,000 might make the property more appealing.2) I showed this property LAST SUMMER. That's 8 months ago. Would YOU assume that those buyers were still looking? Not me. Those buyers were "hot" in August and they made their decisions THEN.When buyers are looking they generally have a definite time frame. They want to ma...
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By Angus in Naperville IL
(RE/MAX of Naperville)
The Village of Plainfield has enjoyed rapid growth over the past decade and is hotbed of residential real estate activity. In the current market sales have slowed, but still remain strong. Heavy new construction is the flavor of the day, with developments growing where the corn used to. Plainfield schools and parks are known throughout the area for their quality and residents have voted to make sure they stay that way. Despite the increase in market time and inventory, November 2006 prices were up 2.27% over November 2005  Inventories have risen as seen on the following chart which shows the supply and demand levels from the past two years.   The next chart illustrates the current Months Supply of Inventory (MSI) that is the number of months that it would take to sell all of the current...
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By Michael Knecht
(Charles Rutenberg Realty)
Active ListingsMLS #StatStreet #Str NameSfxList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt TmRemove05014515ACTVLOT 63GRANDE POPLAR CIRCLE $303,990  1042.168568504033941ACTVLOT102GRANDE POPLAR CIRCLE $343,990  1042.11027102706003995ACTVLot 28GRANDE POPLAR CIRCLE $357,990  732.133433406291485ACTV26830basswood circle(lot27) $376,950  1042.1707006323023ACTV12911GRANDE POPLAR CIRCLE $376,999  944.1404006301606ACTV12729GRANDE POPLAR CIRCLE $377,500  1042.16213006341349ACTV26826Basswood Circle $392,690  1142.1191904033982ACTVLOT 61GRANDE POPLAR CIRCLE $398,280  1042.11027102706287520ACTV26724LINDENGATE CIRCLE $398,500  943.17419406100858ACTV12921Alpine Way $399,000  842.123923905225367ACTV13027GRANDE POPLAR CIRCLE $406,841  1042.145645606084208ACTV12720GRANDE POPLAR CIRCLE $412,684  942.1...
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By Michael Knecht
(Charles Rutenberg Realty)
Active ListingsMLS #StatStreet #Str NameSfxList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt TmRemove06197755ACTV25744SUNNYMERE DRIVE $387,500  1042.113913906313991ACTV13216skyline $399,000  942.1353506325330ACTV25617SUNNYMERE $449,900  1143.12420806281413ACTV25764SUNNYMERE DRIVE $471,900  1042.1666606195541ACTV25721SUNNYMERE $479,900  94314314306341785NEW25717SKYLINE COURT NORTHCT$519,900  1343.1575StatisticsTotal Properties: 6List PriceBedsBathsMkt TmList Mkt TmMinimum$387,50042.1355Maximum$519,90043.1208143Average$451,3504311169
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By Michael Knecht
(Charles Rutenberg Realty)
Active ListingsMLS #StatStreet #Str NameSfxList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt TmRemove05014515ACTVLOT 63GRANDE POPLAR CIRCLE $303,990  1042.167167104033941ACTVLOT102GRANDE POPLAR CIRCLE $343,990  1042.11013101306003995ACTVLot 28GRANDE POPLAR CIRCLE $357,990  732.132032006291485ACTV26830basswood circle(lot27) $376,950  1042.1565606323023ACTV12911GRANDE POPLAR CIRCLE $376,999  944.1262606301606ACTV12729GRANDE POPLAR CIRCLE $377,500  1042.14811606090181ACTV12725Grande Poplar Circle $380,000  1044.123423406341349NEW26876Basswood Circle $392,690  1142.15504033982ACTVLOT 61GRANDE POPLAR CIRCLE $398,280  1042.11013101306287520ACTV26724LINDENGATE CIRCLE $398,500  943.16018006100858ACTV12921Alpine Way $399,000  842.122522506328944ACTV26422Silverleaf $399,800  10431933105225367A...
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By Michael Knecht
(Charles Rutenberg Realty)
Mortgage NewsThe New World of Real Estate                 Prior to the Great Depression, federal law gave banks the authority to terminate mortgages whenever they chose. In fact, a bank's only obligation to a borrower in this situation was to provide consumers with a notice instructing them to either pay off their loan in full by a certain date or face foreclosure. During the Depression, cash-strapped banks exercised this right en masse, and millions of borrowers ended up losing their homes.This led to an entire generation of disenchanted consumers who were afraid to purchase a home that they couldn't afford to buy outright. Recognizing the gravity of the situation, the government stepped in and created the Federal Housing Administration, and the 30-year mortgage was introduced. Back th...
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By John Hruska
(Homes Charlotte, LLC)
Summary: 2006 Closed volume is 30.82% less than 2005Closed Listings average days on market increased from 87 days in 2005 to 131 days in 2006Average sale price to list price ratio 97.92% in 2006 vs. 98.98% in 2005Average sale price decreased in 2006 by .42%  2006 SOLD LISTINGSCLSD Price Range # Listings Avg Days on Mkt $160,000 - $199,999 4 55 $200,000 - $249,999 44 107 $250,000 - $299,999 19 90 $300,000 - $349,999 9 194 $350,000 - $399,999 9 242 $400,000 - $449,999 3 74 $450,000 - $499,999 7 175 $500,000 - $599,999 3 204 $600,000 - $699,999 2 98 $900,000 - $999,999 1 407  TOTAL LISTINGS AVERAGE DAYS ON MARKET MEDIAN PRICE AVERAGE PRICE HIGHEST PRICE LOWEST PRICETOTAL DOLLAR VOLUME101131$254,000$305,908$932,500$172,500$30,896,713 OFF MARKET LISTINGSProp Type # of Bedrooms # of SOLD % SO...
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By Scott Gerami, Helping people find their place in the world!
(Compass Real Estate)
Summary: 2006 Closed volume is 30.82% less than 2005Closed Listings average days on market increased from 87 days in 2005 to 131 days in 2006Average sale price to list price ratio 97.92% in 2006 vs. 98.98% in 2005Average sale price decreased in 2006 by .42%  2006 SOLD LISTINGSCLSD Price Range # Listings Avg Days on Mkt $160,000 - $199,999 4 55 $200,000 - $249,999 44 107 $250,000 - $299,999 19 90 $300,000 - $349,999 9 194 $350,000 - $399,999 9 242 $400,000 - $449,999 3 74 $450,000 - $499,999 7 175 $500,000 - $599,999 3 204 $600,000 - $699,999 2 98 $900,000 - $999,999 1 407  TOTAL LISTINGS AVERAGE DAYS ON MARKET MEDIAN PRICE AVERAGE PRICE HIGHEST PRICE LOWEST PRICETOTAL DOLLAR VOLUME101131$254,000$305,908$932,500$172,500$30,896,713 OFF MARKET LISTINGSProp Type # of Bedrooms # of SOLD % SO...
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By Michael Knecht
(Charles Rutenberg Realty)
 Currently for Sale   ComparablesMLS #StatStreet #Str NameList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt Tm06097271ACTV24549OTTAWA ST.$359,800  842.122322306322770ACTV15216EYRE CIRCLE$394,000  1043212106276920ACTV15210LINCOLNWAY$417,900  10436519006286377ACTV15229Hamlin$418,900  10435637606188581ACTV15216INGERSOLL ST.$425,000  105314314306255948ACTV24722LINCOLNWAY$539,000  11438585  StatisticsTotal Properties: 6List PriceBedsBathsMkt TmList Mkt TmMinimum$359,80042.12121Maximum$539,00053376223Average$425,7674317399Prepared by: MICHAEL KNECHT Real Time Realty LLC   Seller's Statement
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By Michael Knecht
(Charles Rutenberg Realty)
 Currently for Sale   ComparablesMLS #StatStreet #Str NameList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt Tm05014515PCHGLOT 63GRANDE POPLAR CIRCLE$303,990  1042.166666604033941PCHGLOT102GRANDE POPLAR CIRCLE$343,990  1042.11008100806003995PCHGLot 28GRANDE POPLAR CIRCLE$357,990  732.131531506291485PCHG26830basswood circle(lot27)$376,950  1042.1515106323023PCHG12911GRANDE POPLAR CIRCLE$376,999  944.1212106301606ACTV12729GRANDE POPLAR CIRCLE$377,500  1042.14311106090181ACTV12725Grande Poplar Circle$380,000  1044.122922904033982PCHGLOT 61GRANDE POPLAR CIRCLE$398,280  1042.11008100806287520ACTV26724LINDENGATE CIRCLE$398,500  943.15517506100858ACTV12921Alpine Way$399,000  842.122022006328944ACTV26422Silverleaf$399,800  10431432605225367PCHG13027GRANDE POPLAR CIRCLE$406,841  1042.143743706...
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By Michael Knecht
(Charles Rutenberg Realty)
Want to find out more area statistics...let me know and I will post them...to all who read this have a great day!! http://www.listsandsells.com/
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By Michael Knecht
(Charles Rutenberg Realty)
 Recently Sold   ComparablesMLS #StatStreet #Str NameList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt Tm06237236CLSD25609SUNNYMERE COURT$399,900$385,00008/25/2006942.1817005294330CLSD13348BLAKELY DRIVE$399,900$401,27503/03/20061042.1666606234723CLSD13221SKYLINE DR$425,000$419,00009/08/20061042.1727906080990CLSD25711BLAKELY CT$425,578$425,00008/01/20061042.18142206081023CLSD25703SKYLINE CT SOUTH$429,874$425,00008/24/20061042.112854905024948CLSD13213SKYLINE DRIVE$439,900  94337937904205019CLSD13337BLAKELY LOT 21$449,900$445,00002/04/200594447647605209279CLSD25703BLAKELY CT$459,900$450,00003/10/2006943.116016005275747CLSD25704SKYLINE CT LOT 108$459,900$457,90012/07/20059434037905202354CLSD13209SKYLINE DRIVE$464,900$464,90003/03/2006104314814805254181CLSD25733SUNNYMERE DRIVE$479,900$477...
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By Michael Knecht
(Charles Rutenberg Realty)
Total number of results: 51DETACHED SINGLECLOSED LISTINGS - Detached Single  MLS #Street #CPStr NameCityArea# RmsBedsBathsLOList PriceSold PrClosed DateStatus Date1 062864385607 Steamboat CirclePLAINFIELD54463279923$179,900$177,00011/08/200611/08/20062 0619524822047WPETOSKEY CTPLAINFIELD54463123156$195,900$195,90011/01/200611/02/20063 062480332304 Red Hawk DrivePLAINFIELD544831.123373$219,650$220,00011/06/200611/06/20064 062519631701 LAKE POINTE DRIVEPLAINFIELD544932.172509$219,900$220,90011/02/200611/03/20065 061780301207 Green Trails DrivePLAINFIELD544732.123030$220,000$213,00011/10/200611/10/20066 062333511419 Major DrivePLAINFIELD544731.123156$221,500$225,50011/07/200611/07/20067 061883712610 Sierra AvenuePLAINFIELD544631.179964$226,900$239,90011/10/200611/11/20068 061828076514 Klin...
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By Michael Knecht
(Charles Rutenberg Realty)
 Currently for Sale   ComparablesMLS #StatStreet #Str NameList PriceSold PrClsd Dt# RmsBedsBathsList Mkt TmMkt Tm05014515PCHGLOT 63GRANDE POPLAR CIRCLE$301,990  1042.166566504033941ACTVLOT102GRANDE POPLAR CIRCLE$341,990  1042.11007100706003995ACTVLot 28GRANDE POPLAR CIRCLE$355,990  732.131431406323023PCHG12911GRANDE POPLAR CIRCLE$375,999  944.1202006291485PCHG26830basswood circle(lot27)$376,950  1042.1505006301606ACTV12729GRANDE POPLAR CIRCLE$377,500  1042.14211006090181ACTV12725Grande Poplar Circle$380,000  1044.122822804033982ACTVLOT 61GRANDE POPLAR CIRCLE$396,280  1042.11007100706287520ACTV26724LINDENGATE CIRCLE$398,500  943.15417406100858ACTV12921Alpine Way$399,000  842.121921906328944ACTV26422Silverleaf$399,800  10431332505225367ACTV13027GRANDE POPLAR CIRCLE$404,841  1042.143643606...
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By Michael Knecht
(Charles Rutenberg Realty)
Don't be fooled by all the press...I think this Spring we will have a strong market!
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By Michael Knecht
(Charles Rutenberg Realty)
While the stock market can be quite volatile, real estate has proven to be a stable investment over the years. According to the US Department of Housing and Urban Development, real estate prices had an average increase of 56% over a five-year period. Forbes reported an increase of 247% over the last 25 years. However, times are beginning to change. In fact, the national rate of real estate appreciation has had its most significant decline since the fourth quarter of 1999. With this in mind, perhaps now is a good time to begin evaluating your financial needs for the future. If you were already thinking about utilizing your home's equity to consolidate debt, save for college tuitions or retirement, or even for additional real estate and other investments, contact your mortgage professiona...
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By Michael Knecht
(Charles Rutenberg Realty)
The Year in Home LoansGlancing Back & Looking AheadThe holiday season is a perfect time to pause and reflect on the year gone by. Likewise, it provides us with an opportunity to set our sights on the year ahead. Believe it or not, this combination of observation and foresight also applies to the world of home loans. In the spirit of the season, YOU Magazine turned to mortgage market forecaster, Bill Dallas, CEO of Ownit Mortgage Solutions in Agoura Hills, CA, for an overview of 2006, as well as a preview of what to expect in the weeks and months ahead. Homeowners & Homebuyers Are WinnersOver the past year, consumers seeking a home loan have been treated to an ever-increasing array of mortgage products. Not only do these programs offer greater flexibility when it comes to qualifying for ...
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By Michael Knecht
(Charles Rutenberg Realty)
 Steer Clear of FHA Financing:Dealing with Investors Who Seek Quick ProfitsIn a recent article, top mortgage originator and national trainer Greg Frost noted that hyper-appreciation of property values in Albuquerque, NM had drawn attention from many out-of-state investors in the last year. The area saw an influx of savvy investors ready to bid on HUD Repos and other affordably priced single-family dwellings.Frost warned mortgage originators and Realtors® to be wary of investors who try to represent themselves as owner occupants in this type of situation. They may seek to obtain 97% FHA financing, even though their real mission is to turn around and sell for a quick profit. Not only does the lender lose their investment due to the rapid pre-pay in this type of transaction -- The Governme...
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