Round Lake, IL Real Estate News

By Marilyn Smith, I work for YOU!
(Coldwell Banker )
Selling Your Round Lake Home? Helpful Hints if Your Appraisal is Too Low! Many potential home buyers in Round Lake are not qualifying for a loan due to the fact that the home value is not there. Bank foreclosures are putting more distressed inventory on the market and making it harder for appraisers to justify the Sold home comparables in Round Lake. If the appraisal is too low, the buyers may not be able to borrow enough money to close on their Round Lake Home purchase. Here are several steps to consider: Check the Appraisal for Mistakes: Make sure the property dimensions are correct and be sure to attach a plat of survey and a floor plan if available for the Appraiser. Look at the comparable properties that the appraiser used and make sure that they are correct. If the appraisal indic...
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Foreclosed and Short Sale Homes in the Northwest Suburbs of Illinois. The Foreclosure Market in the Round Lake area is about to become more active in the coming months and the opportunity is going to be available for savvy buyers. I know many people that are actively working with the lending institutions and have information prior to these Round Lake Homes coming on the market. The first thing you want to know is how to understand the Foreclosure Market which is different than the Short Sale Market. Foreclosures Verses Short Sales A Foreclosure is the legal process by which an owner's right to a property is terminated, usually due to default. Typically it involves a forced sale of the property at public auction or the bank will list with an agent in what we know as a bank sale with the ...
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By Marilyn Smith, I work for YOU!
(Coldwell Banker )
Prairie Pointe & Valley Lakes in Round Lake holds Huge Garage Sale!  Don't miss the steals and deals at this 4 day garage sale.  This weekend starting May 20th thru Sunday, May 24th. Both Prairie Pointe & Valley Lakes Subdivisions can be accessed off of Wilson Rd between Nippersink and Route 134. For more information contact Marilyn Smith at 847-668-7630.
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By Marilyn Smith, I work for YOU!
(Coldwell Banker )
Round Lake market stats aren't looking good for the sellers of the Prairie Pointe and Valley Lakes subdivisions.   There are currently 42 properties for sale, an additional 19 that are under contract.  Most of the homes currently pending sale are short sales or foreclosures.  The last month 3 homes sold.  Of these homes that sold 2 were foreclosures and 1 was a short sale.  I live in this area and am very familar with the prices.  It appears that houses are selling close to the prices from 2002.  For all of Round Lake there are 359 home currently for sale averaging 209 days on the market.  The current inventory represents a 6.47 months supply of homes. The average sold price was $172,500.    
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
Eric P. Egeland | RE/MAX SUBURBAN | 847.337.7090 1885 Broadsmore, Round Lake, IL Valley Lakes Short Sale 4BR/2+1BA Single Family House offered at $199,999 Year Built 2003 Sq Footage 2,487 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 3 Car garage Lot Size .24 acres HOA/Maint $73 per month DESCRIPTION Upgraded Charleston model on rare wooded lot. Great layout, tons of windows/natural light, soaring ceilings. Huge garage with 47-foot deep tandem parking ideal for a 3rd car, weekend toys or workshop. Upgraded kitchen features over-sized island, Corian counters, & bonus cabinets. Full unfinished basement with roughed in plumbing. High efficiency furnace...Short sale listing being sold as is. Taxes prorated 100%. Eric P. Egeland, SFR, CDPE, e-PRO Broker Associate RE/MAX SUBURBAN C...
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By Sharron Kelley, CRS, ABR,CDPE,CIAS
(Coldwell Banker-Buffalo Grove-Long Grove-Vernon Hills-Deer Park-Barrington-Mundelein)
We are so proud to announce another successful transaction for Marilyn and her buyers on 1929 Heron View Way. This gorgeous ranch is located in Valley Lakes subdivision in Round Lake. Marilyn Smith of the Sharron Kelley Team just keeps on closing properties! The Sharron Kelley Team also recently listed and sold an adorable 4 bedroom 2 story located at 34437 N. Barberry Ct . Whether buying or selling, Marilyn Smith and the Sharron Kelley Team are your Round Lake Real Estate experts! If you are ready to make a move, make it with Marilyn Smith and the Sharron Kelley Team of Coldwell Banker Residential Real Estate 847-465-3638 NorthernIllinoisHomes.Com
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
Eric P. Egeland | RE/MAX SUBURBAN | 847.337.7090 1885 Broadsmore, Round Lake, IL Valley Lakes Short Sale 4BR/2+1BA Single Family House offered at $225,000 Year Built 2003 Sq Footage 2,487 Bedrooms 4 Bathrooms 2 full, 1 partial Floors 2 Parking 3 Car garage Lot Size .24 acres HOA/Maint $73 per month DESCRIPTION Upgraded Charleston model on rare wooded lot. Great layout, tons of windows/natural light, soaring ceilings. Huge garage with 47-foot deep tandem parking ideal for a 3rd car, weekend toys or workshop. Upgraded kitchen features over-sized island, Corian counters, & bonus cabinets. Full unfinished basement with roughed in plumbing. High efficiency furnace...Short sale listing being sold as is. Taxes prorated 100%. Eric P. Egeland, SFR, CDPE, e-PRO Broker Associate RE/MAX SUBURBAN C...
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By Eric Egeland, SFR, e-PRO, CDPE
(RE/MAX SUBURBAN)
RE/MAX SuburbanEric P. Egeland, SFR, CDPE, E-PROBroker AssociateCell: 847.337.7090Office 847-557-8552Website: ChicagolandHomeSeller.com 1885 West BROADSMORE Lane ROUND LAKE, IL 60073 MLS#: 07453497 Price: $250,000 House Type:   2 Stories Bedrooms:   4 Full Bathrooms:   2 Half Bathrooms:   1 Upgraded Charleston model on rare wooded lot. Great layout, tons of windows/natural light, soaring ceilings. Huge garage with 47-foot deep tandem parking ideal for a 3rd car, weekend toys or workshop. Upgraded kitchen features over-sized island, Corian counters, & bonus cabinets. Full unfinished basement with roughed in plumbing. High efficiency furnace...Short sale listing being sold as is. Taxes prorated 100%. General Features Style of House Traditional Apx. Year Built ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Heron Bay Round Lake Townhomes IL - Pasquinelli Town Houses Located off Route 134 is the Heron Bay Homes subdivision of Townhomes in Round Lake Illinois. This is a complex of 2 and 3 bedroom homes which in the last couple of years the builder really struggled to sell his final units. The entire subdivision is on W Turtle Creek Drive which is found off Fox Trail.       If you are a first time buyer you still have time to qualify for the $8000 tax credit. There is a huge choie of homes for sale in the Round Lake area including ondos, town houses and single family homes. Call or email me to get set up on my automated alert system and have homes delivered to your inbox.  Corinne 847-363-3686.     This is an end unit in Heron Bay. The layout is like a ranch with main living areas all at the ...
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By Corinne Guest, Barrington Lifestyles
(Corinne Guest, REALTOR® | Barrington Realty Company)
Statistics here relate only to the Village of Round Lake. Other Round Lake villages will be reported separately. Round Lake Beach is still the largest of the 4 Round Lake villages but Round Lake itself has undergone some fast development in the last few years with many new developments reaching as far south as Route 60 and very close now to the new developments in Wauconda, especially Liberty Lakes, Wauconda off Gilmer Road. The Round Lake area is one of my secondary markets. When real estate was active I nearly opened an office in Round Lake but plans were put on hold during the slower real estate market .I have sold numerous homes in the area to first time home buyers and the choice today is huge. Prices are low, a great way to get onto the property ownership ladder. This chart shows ...
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By Marco Amidei
(RE/MAX Suburban )
34261 N. Redtop Rd., Round Lake,  IL    $259,900 Property type: Single Family Subdivision Prairie Pointe Model Year Built: 2003 Bedrooms: 3 Bathrooms: 2.1 Basement: Full Taxes: $4973.92 Garage: 2 car attached Rooms: 7 MLS#: 06677782   Virtual Tour Custom Laurel model with beautiful view of park. Hardwood floors in the kitchen, foyer & powder room. Maple cabinets. 9 foot ceilings. Fireplace in family room. Eat-in space with sliders to brick patio & fenced yard. 1st floor laundry. Full basement with rough-in for future bath. Huge master suite has walk-in closet & private bath with dual bowl vanity, seperate shower & soaking tub. Big Hollow schools!   View Photos (Click to view larger image) View a Map Google Maps | Yahoo Maps | MapQuest   Click here for More Information!
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Round Lake Home Sales Average List Price and Sale Prices by subdivision in the Round Lake area. Single Family HomesSearch Previous Sales Subdivision Sales Avg. List Avg. Sale Ratio Bright Meadows 3 $226,300.00 $214,466.67 94.8 Lakewood Grove 7 $244,771.43 $233,564.57 95.4 Madrona Village 7 $254,257.14 $234,571.43 92.3 Park View 3 $232,933.33 $222,666.67 95.6 Prairie Walk 3 $273,000.00 $257,500.00 94.3 Rosing Brothers 1 $101,500.00 $85,000.00 83.7 Silver Leaf Glen 1 $298,800.00 $290,000.00 97 Valley Lakes 10 $292,249.90 $276,492.50 94.6 Attached HomesSearch Previous Sales Subdivision Sales Avg. List Avg. Sale Ratio Bradford Place 2 $164,900.00 $155,500.00 94.3 Emerald Bay 1 $179,990.00 $162,000.00 90 Fairfield Lakes 1 $209,990.00 $199,000.00 94.8 Heron Bay 6 $196,586.83 $177,691.17 90.4...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
April 3, 2008 Round Lake area, Illinois Real Estate Market Report Number of Single Family Homes FOR SALE: 570 Average List Price: $212,154 Average Market Time: 178 Days Number of SOLD Single Family Homes in March 2008: 29 Average Sold Price: $157,683 Average Market Time: 194 Days Number of Attached Homes FOR SALE: 231 Average List Price: $172,491 Average Market Time: 197 Days Number of SOLD Attached Homes in March 2008: 10 Average Sold Price: $145,834 Average Market Time: 122 Days *Information received from the Multiple Listing Service of Northern Illinois. Thinking of making a move? Log onto my website at www.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy! Jim Starwalt, Broker Associate REMAX Center Direct Pho...
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By Jim Starwalt, A Name You Know and The Brand You Trust
(Better Homes and Gardens Real Estate Star Homes)
March 17, 2008 Round Lake area, Illinois Real Estate Market Report Number of Single Family Homes FOR SALE: 574 Average List Price: $201,061 Average Market Time: 315 Days Number of SOLD Single Family Homes in February 2008: 23 Average Sold Price: $163,869 Average Market Time: 178 Days Number of Attached Homes FOR SALE: 224 Average List Price: $157,500 Average Market Time: 203 Days Number of SOLD Attached Homes in February 2008: 11 Average Sold Price: $145,259 Average Market Time: 171 Days *Information received from the Multiple Listing Service of Northern Illinois. Jim StarwaltThinking of making a move? Log onto my website at www.StarHomeFinders.com and search the Multiple Listing Service from over 150,000 homes for sale. Registering is quick and easy!Jim Starwalt, Broker Associate RE/MA...
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