New Lenox, IL Real Estate News

By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Crystal Cove SubdivisionReal estate in Crystal Cove subdivision in New Lenox, Illinois consists of homes built between 2003 and 2014. As of 02/07/2018, there are 2 homes on the market in Crystal Cove subdivision.Real Estate for Sale in Crystal Cove, New Lenox IllinoisWith 1 active, 1 contingent and no pending listings, the average list price of a property on the market in Crystal Cove is $374,854, with an average living area of 3,195 square feet. Highest priced house on the market located on Krystal Ct with 5 bedrooms, 3 full baths, one half bath and 3,400 sqft of living area is listed at $419,808. Lowest priced home located on Ruthenbeck Ln with 4 bedrooms, 2 full baths, one half bath and 2,990 sqft of living area is listed at $329,900.Buying or Selling a Property in Crystal Cove?Inter...
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By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Country Creek SubdivisionReal estate in Country Creek subdivision in New Lenox, Illinois consists of detached single family homes built between 1971 and 1997. As of 02/06/2018, there are 3 homes on the market in Country Creek subdivision.Country Creek, New Lenox Illinois Homes for SaleWith 2 active, 1 contingent and no pending listings, the average list price of a property on the market in Country Creek is $278,633, with an average living area of 2,223 square feet. Highest priced house on the market located on Nelson Rd with 4 bedrooms, 2 full baths, one half bath and 2,200 sqft of living area is listed at $299,900. Lowest priced home located on Timber Pl with 3 bedrooms, 2 full baths, one half bath and 2,070 sqft of living area is listed at $266,500.Buying or Selling a Property in Coun...
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By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Chestnut Pointe, New Lenox HomesReal estate in Chestnut Pointe subdivision in New Lenox, Illinois consists of detached single family homes built between 1999 and 2001. As of 02/01/2018, there are 2 homes on the market in Chestnut Pointe subdivision.Chestnut Pointe, New Lenox Real Estate for SaleWith 1 active, 1 contingent and no pending listings, the average list price of a property on the market in Chestnut Pointe is $259,950, with an average living area of 2,048 square feet. Highest priced house on the market located on Carlyle Ct with 4 bedrooms, 2 full baths, one half bath and 2,048 sqft of living area is listed at $284,900. Lowest priced home located on Blandford Ave with 3 bedrooms, 2 full baths, one half bath is listed at $235,000.Buying or Selling a Property in Chestnut Pointe?I...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
 Mortgage Escrow Accounts: What They Are & The Options You Have The topic of "borrowing power"  and questions surrounding "how much home I can buy" are raised almost immediately by prospective mortgage clients during our first conversation together ...  It's understandable and natural.  They're excited and anxious.  That's especially true when the client is a first-time home buyer.     Most are laser-focused.  Their ultimate goal is to find out:   "What's the maximum amount of money I can borrow?"  Or when purchasing, the question is often simply, "What price of home can I view?"  Again, that's understandable. But while that information is certainly a portion of what must be discovered and explained during our conversations (and ultimately during the Pre-Qualification/Pre-Approval proce...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Did You Conduct a Year-End Review?  For many businesspersons, the end of one year and the beginning of the next signals the need for a year-end review.  And while I always conduct such a review of my own business, I typically don't share my findings publically.    But this year, I'm going to speak of my results, as I was somewhat surprised by what I found during this annual exercise.  Very pleasantly surprised in one specific category.  I definitely recognized that changes were taking place, as a many of the Chicagoland housing markets have healed to a good degree since the housing and economic downturn of the mid-2000's.  I was expecting that my business would reflect that better health.But I truly had not realized that my personal business was subtly but steadily evolving throughout...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  First-Time Home Buyer: Is New Construction Your Dream?  There's a common thread running through much of the current real estate and economic news.  That thread connects, weaves, and embroiders a message regarding a severe inventory shortage found in many U.S. housing markets. I hear about the shortage of homes fairly often.  Many of my clients want to buy, but they're currently finding it extremely hard to find affordable well-maintained homes during their home searches. The home inventory shortage is especially keen in the first-time homebuying and "step-up" markets.  That fact is something that's not going unnoticed by some U.S. homebuilders. A recent article found in NewHome Source reported (via Bloomberg Business) that, "newly constructed starter homes are coming back in a big way...
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By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Cherry Hill Meadows SubdivisionReal estate in Cherry Hill Meadows subdivision in New Lenox, Illinois consists of detached single family homes built between 1998 and 2003. As of 01/22/2018, there are 2 homes on the market in Cherry Hill Meadows subdivision.Real Estate for Sale in Cherry Hill Meadows, New Lenox IllinoisWith 2 active, no contingent and no pending listings, the average list price of a property on the market in Cherry Hill Meadows is $299,950, with an average living area of 2,600 square feet. Highest priced house on the market located on Doxbury Ln with 4 bedrooms, 2 full baths, one half bath and 2,600 sqft of living area is listed at $300,000. Lowest priced home located on Ferro Dr with 5 bedrooms, 3 full baths, one half bath is listed at $299,900.Buying or Selling a Proper...
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By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Chartwell Downs, New Lenox Illinois Real EstateReal estate in Chartwell Downs subdivision in New Lenox, Illinois consists of homes built between 1991 and 2006. As of 01/19/2018, there are 3 homes on the market in Chartwell Downs subdivision.Chartwell Downs, New Lenox Illinois Homes for SaleWith 3 active, no contingent and no pending listings, the average list price of a property on the market in Chartwell Downs is $1,738,000, with an average living area of 10,516 square feet. Highest priced house on the market located on Chatfield Rd with 5 bedrooms, 5 full baths, one half bath and 12,500 sqft of living area is listed at $1,990,000. Lowest priced home located on Tessington Ct with 4 bedrooms, 5 full baths, 2 half baths and 10,000 sqft of living area is listed at $1,525,000.Buying or Sel...
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By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Bristol Park, New Lenox Real EstateReal estate in Bristol Park subdivision in New Lenox, Illinois consists of detached single family homes built between 2014 and 2018. As of 01/18/2018, there are 14 homes on the market in Bristol Park subdivision.Bristol Park Homes for SaleWith 12 active, 1 contingent and 1 pending listings, the average list price of a property on the market in Bristol Park is $350,419, with an average living area of 2,711 square feet. Highest priced house on the market located on Rownham Hill Rd with 4 bedrooms, 2 full baths, one half bath and 2,995 sqft of living area is listed at $372,990. Lowest priced home located on Bristol Park Rd with 3 bedrooms, 2 full baths, one half bath and 2,630 sqft of living area is listed at $329,990.Buying or Selling a Property in Brist...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  You Need to Put a Fantasy Team Together Years ago, I took part in a few Fantasy Football Leagues.  And yes, I said a few ... Admittedly, I'm a sports fanatic.  Just ask my wife.  I played basketball, football, and baseball in high school.  Participated in softball, basketball, and golf leagues afterward for years.  (Yep, that's me in the pic, #40 for the Lincoln-Way Knights.)Marilyn and I dated to the glow of a radio receiver tuned to the Chicago Blackhawks.  I took her to a hockey game on our honeymoon.  We celebrated our 25th anniversary at the Masters.  Having only sons, our family vacations were known as "Stadium Tours".    I'll also cop to being a bit of a "stat" and detail nerd.  So participating in a Fantasy Football League scratched a lot of itches for me.  Yep, Marilyn's a ve...
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By Joe Malvarapu, Keller Williams Realty Infinity
(Keller Williams Realty Infinity)
Bluestone Bay Subdivision, New Lenox ILReal estate in Bluestone Bay subdivision in New Lenox, Illinois consists of homes, townhomes built between 1997 and 2005. As of 01/17/2018, there are 2 homes on the market in Bluestone Bay subdivision.Homes, Townhomes for Sale in Bluestone Bay, New Lenox ILWith no active, 2 contingent and no pending listings, the average list price of a property on the market in Bluestone Bay is $287,396, with an average living area of 2,417 square feet. Highest priced house on the market located on Bluestone Bay Dr with 4 bedrooms, 2 full baths, one half bath and 2,417 sqft of living area is listed at $299,900. Lowest priced home located on Grace Ct with 2 bedrooms, 3 full baths, one half bath is listed at $274,891.Buying or Selling a Property in Bluestone Bay?Int...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Ready ... Set ... GO!"Get Organized" and Ready to Buy a Home Did you know that January is "Get Organized" (GO) month? Every January, since the inception of "Get Organized" Month in 2005, the National Association of Professional Organizers has highlighted and promoted the many benefits that can be realized through the advancement of or organization and efficiency.  Seeing to the elimination of chaos, clutter, and disorganization improves lives and mental health too.  Suggestions and even printables for organization and de-cluttering are everywhere.  Pinterest is a great place to find multitudes of choices and guidance on each.  (I provide a link to just one of the many available on that site here.) But most, when considering organization, only think of it as it relates to homes or offi...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Don't Let the Equifax Breach Bite You at Tax Filing Time .. Protect Yourself Things move quickly in this era of the internet and social media.  Yesterday's news is quickly erased from our memories and replaced with today's headlines ...An example of this is last Fall's Equifax breach  (announced on September 7th, 2017).  This breach quickly fell off the news radar.  That's not good because this devastating data compromise could now come back to bite the approximately 145 million Americans affected by the Equifax Breach. How and Why?Social Security Numbers.  Social Security Numbers were part of the data put at risk by the breach.  Those stolen Social Security Numbers can serve as fodder for crooks to file fraudulent tax returns and gain access to your tax refunds.  As we enter the 2017...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Ice Skating Rinks and Facilities in Will County, IL2017/2018 If you live in the Will County region of Chicagoland (or are visiting), you probably received a fair quantity of fluffy white snow accompanied by a blast of frigid temperatures right before Christmas Day ... Winter has finally arrived!  In cold weather climates, that, of course, means it’s time to drag out the boots, gloves, earmuffs, sleds, skates, and hockey sticks to have some fun. Many of the communities located in Will County (located in southern Chicagoland) offer facilities or areas where you can enjoy all winter activities ... in particular, indoor/outdoor skating and hockey.  I’ve compiled a list including many of those community's venues and facilities for you below.   My list includes helpful links to websites (if...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Winter's Arrived!Make Sure You and Your Car are Prepared  Blustery, wintry winds have moved into the Chicagoland area over the last 24 hours ...   We knew we have been lucky with the unseasonably mild temperatures we've been experiencing.  And that it's only inevitable that cold weather and snow would arrive in our area at some point.  But it's still a shock to our systems ...If you live in an area of the country that experiences cold weather too, you know that snow, ice, winds, and extremely-low temperatures can carry risks when you drive.  Have you taken the needed precautions and prepped your car for winter driving conditions this year?First, it's important to prep the vehicle ...  Take the following winter maintenance measures to ensure reliable vehicle performance and safety whil...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
 Changes Coming in 2018 Conforming Loan Limits  What, Where, How, and Why? If you read the news or follow announcements made in regards to credit and finance, you may have seen the recent announcement (11/28/2017) by the Federal Housing Finance Agency (FHFA) addressing maximum conforming loan limits on one-unit properties ... The Federal Housing Finance Agency (FHFA) was created in July of 2008 as part of the Housing and Economic Recovery Act of 2008 in response to the housing collapse taking place.  Its mission is to provide oversight to the Government Sponsored Enterprises (GSE)  Fannie Mae, Freddie Mac, and Banks.  Two separate categories of Loan Limits are established by the FHFA.    The two (2) categories of loan limit are "General" and "High-Cost", referring to Geographical areas ...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
 The Holidays are the Most Wonderful Time of the Year (Unless They Ruin Your Credit) It's that time of the year again ...  And that means the Holidays are here!  Decorations, holiday songs, family gatherings, eggnog, parties ...And Shopping!Like the majority of Americans, you've probably found yourself ... or will find yourself ... doing one or both of the following during the Holiday Shopping Season:  Standing at a register in a store paying for a holiday purchase Making a holiday purchase online  And inevitably, you'll find yourself being asked at the time of check-out ... or at some later date via an email or text ... if you'd like to apply for credit at that store or online site.  Some sort of "special discount", gift, or temporary low-interest rate will most likely be dangled in fr...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  My Mortgage Wish List - Make it YOUR Wish List Too Before You Buy a Home As a Grampa, I'm very aware of "Wish Lists".  The topic is of grave concern to my 3 grandkids, especially at this time of the year ... My little cuties, Henry, Marilyn, and Evie, aren't the only ones working on a Wish List.  Their Grampa Gene is too.  Only mine is aWish List for Borrowers ... those hoping to buy or refinance a home.What do I ask for on that Wish List? The Gift of Knowledge Proactive Acts of Prevention Pretty exciting, right? But if received, they would facilitate or eliminate the majority of issues that crop up for Borrowers AFTER they've received a Pre-Approval.  One or the other (or both) would address the "mistakes" I most commonly see committed during that portion of the Mortgage Financing Pr...
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  "Mom/Daughter Holiday Spa" December 2, 2017 at New Lenox Park District Are you someone that LOVES to be pampered?  Do you like to sparkle for your Holiday Parties?  Enjoy spending "girl time" together as daughter/mom? Then the New Lenox Community Park District's "Mom/Daughter Holiday Spa" is the pace you need to be! The "Mom/Daughter Holiday Spa" for 2017 is being held in the New Lenox Park District's Room #1 - Entry C during the hours of 9 am to 12 Noon, December 2, 2017.  The Spa is open to children ages 3 years and up. Four different beauty stations will be available ... hosted by Paul Mitchell the School - Tinley Park.  (Licensed cosmetologists on hand.) Those stations will include: Hair Styles  (No Haircuts)  * Up-Dos Mini-Manicures Make-up Application *  Tips are appreciated ......
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By Gene Mundt, IL/WI Mortgage Originator - FHA/VA/Conv/Jumbo/Portfolio/Refi, 708.921.6331 - 40+ yrs experience
(NMLS #216987, IL Lic. 031.0006220, WI Licensed. APMC NMLS #175656)
  Do These Things During the Month of November November is one very busy month, no doubt about it.  But no matter how busy life gets for you, there are a few tasks that you just shouldn't overlook.  So what are some of the important tasks you should be tackling throughout the month of November?   Things that will ensure your good health, comfort, and safety?  Following are the most important tasks:     Everyone: Run your Credit Report:  With the recent Equifax data breach, it's more important than ever to stay vigilant. Head to:  www.annualcreditreport.com now.  Think About Getting a Flu Shot:  Especially if you're over the age of 65 years.  According to the Food and Drug Administration (FDA), the best time to do this is between Halloween and Thanksgiving.  (To find a flu shot provider ...
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