|
There are so many great homes for sale right now that I'm not sure where to begin. Your biggest value will probably be a foreclosure which is usually listed about 35% below its value although regular homes are also priced lower than they were just a few years ago.
Here are how many homes are for sale in the $200,000-$250,0000 range in the following areas:
-
Naperville - 43 Single Family Homes, 50 Townhouses and Condos
-
Lisle - 13 Single Family Homes, 12 Townhouses and Condos
-
Bolingbrook - 72 Single Family Homes, 8 Townhouses and Condos
-
Plainfield - 113 Single Family Homes, 11 Townhouses and Condos
Of course, each town has homes above and below these prices.
You might be interested to know that Naperville has School District 203 and Indian Prairie School District 204. However, some of the kids in Lisle go to District 203, some of the kids in Bolingbrook go to Districts 203 and 204, some of the kids in Plainfield go to District 203 and some of the kids in Woodridge go to District 203. Wow, I will be happy to sort that all out for you.
If you are thinking of purchasing real estate as an investment, a single family home is the way to go as they are more in demand as a rental or for resale.
So, how much will a house with a mortgage of $200,000 cost? At 4.125% for a 30-year fixed conventional mortgage it will cost $1073 per month. This includes principle, interest and private mortgage insurance, but not property taxes. If you are putting down 20% or more you do not have to pay mortgage insurance.
|