GAMBINO REALTORS THE COLLECTION
DECEMBER 2019
ROCK CITY
Welcome to the December issue of The Collection! Does your New Year resolution list include moving into your ideal dream home? Within these pages you will find gorgeous move-in ready homes as well as the perfect setting to build the home you have always dreamt of owning. The market is strong and the holidays are a great time to buy or sell!
BYRON
Cordially, Jonathan R. Krause, CRB President JKrause@GoGambino.com
FREEPORT
THE COLLECTION Only Gambino Realtors places your home directly in the email inbox of 62,500 homeowners with a household income of $250,000.00 or more. Our reach through this luxury publication covers Winnebago, Boone, McHenry and Lake Counties in Northern Illinois.
815•282•2222 www.gogambino.com
ROCKFORD
ROCKFORD
7 Reasons to List Your House This Holiday Season
Around this time each year, many homeowners decide to wait until after the holidays to list their houses. Similarly, others who already have their homes on the market remove their listings until the spring. Let’s unpack the top reasons why listing your house now or keeping it on the market this winter may be the best choice you can make. Here are seven great reasons not to wait: Relocation buyers are out there now. Many companies are still hiring throughout the holidays, and they need their new employees to start as soon as possible. Purchasers who are looking for homes during the holidays are serious buyers and are ready to buy now. You can restrict the showings on your home to days and times that are most convenient for you. You will remain in control. Homes show better when decorated for the holidays. There is minimal competition for you as a seller right now. Over the past few months we’ve seen the supply of homes for sale decreasing year-over-year. The desire to own a home doesn’t stop during the holidays. Buyers who were unable to find their dream homes during the busy spring and summer months are still searching, and your home may be the answer. Late fall and early winter make up the “sweet spot” for sellers. The supply of listings increases substantially after the holidays. Also, in many parts of the country, new construction will continue to surge and reach new heights in 2020, which will lessen the demand for your house next year. It may make the most sense to list your home this holiday season. Contact Gambino Realtors to determine if selling now is your best move.
WOODED SPLENDOR $349,900.00 27+ Acres of wooded splendor. Sharp and custom 2,500+ square foot, partially exposed ranch nestled in the woods exuding privacy and seclusion. Scenic country setting of rolling hills. Expansive 29x21 open concept great room with ash flooring, cathedral ceiling, surround sound, granite framed brick fireplace with 42” heatilator open to a chef ’s kitchen with hickory cabinets, island and dining area. Spacious master with walk-in closet and bath. Additional bedroom on main floor. Enjoy the convenience of a first-floor laundry and be delighted by the four-season room with French doors to rear deck. Main level boasts mostly 4’x5’ Anderson windows to bring the outside in. Observe deer and wildlife from the comfort of your home in this nature lovers delight. The spacious lower level is partially exposed with bedroom, bath, rec room, media room and tons of storage. Loads of windows. Winding drive leads to inviting front porch across front of home. Desirable Dakota schools. Seeing is Believing.
7604 East Knoup Road • 27+ ACRES • 2,500+ SQUARE FEET • THREE BEDROOMS • BRICK FIREPLACE
Ginny Meyer 815|262|8082 Contact View Full Listing for Details
CUSTOM BUILT BEAUTY $249,900.00
Beautiful custom-built home nestled on 1.09 acres of lush green grass. This unique home offers four bedrooms, two and a half baths and a finished basement with a family room and office. The bathrooms have been completely remodeled including the master bath with ceramic tiled walk in shower, new plumbing, and new vanity with granite top. Entertain and cook like a chef for your guests in the large kitchen with lots of cabinets and granite counters creating ease while prepping. This home boasts lots of windows bringing in natural light. The laundry is conveniently located on the first floor. This gem is move-in ready with a newer roof, hot water heater, and 18x16 deck. The basement is already plumbed for a bath. The spacious three car garage is attached, and the exterior of this home has been recently painted.
8690 Nor th Sylvan Glen Lane • 1.09 ACRES • FOUR BEDROOMS • GRANITE COUNTERTOPS • THREE CAR GARAGE
Miguel Lobato 815|494|7905 Contact View Full Listing for Details
METICULOUS ESTATE $462,700.00
Breath taking 6.91 acre estate with magnificent view of scenic pond and gorgeous landscaping. Meticulous construction and planning provides for the perfect country living with many new updates including: new windows, doors, 36’ x 16’ outbuilding, driveway repaved, remote blinds on three skylights, five new DC ceiling fans, exterior painting of trim and deck, well pump, detached garage drywall-ceiling-insulation-lighting, and new window in lower level bathroom. There is plenty of room to grow in the 5,300 square feet of living space with additional storage areas where all utility/piping is labeled. Four bedrooms with perfect in-law suite, three full baths, two half baths, huge dining room, formal living room, great room with gourmet kitchen, two wood burning fireplaces, three season room, lower level walk-out full exposure sliding door and kitchenette, three car attached garage with heating and oversized middle door. Come see this magnificent home and make it your own.
4750 West Stephenson Street • 6.91 ACRES • 5,300 SQUARE FEET • FOUR BEDROOMS • IN-LAW SUITE
Team Zarembski 815|218|9210 Contact View Full Listing for Details
BRIGHT AND SPACIOUS $340,000.00
Settle in this fabulous, well maintained home nestled on an immaculate lot. Spacious and well laid out, this bright home offers five bedrooms, four and a half baths, and a three and a half car garage. Not one, not two, but there are three master bedrooms with walk-in closets to rest in after a long day. The master on main floor has sliders to deck. Master on upper level boasts a gas fireplace, large bath with whirlpool tub, and heated towel rack. Entertain family and friends in the formal dining room with hardwood floors or enjoy a delicious meal in the large eating area in kitchen with granite counter tops. There are many conveniences within this home including the first-floor laundry and the main furnace was replaced in October of 2018.
3904 Mackinaw Trail • FIVE BEDROOMS • THREE MASTER BEDROOMS • FIRST FLOOR LAUNDRY • SPACIOUS FLOORPLAN
Barbara Carstens 815|871|3604 Contact View Full Listing for Details
PRIME REGENTS PARK PROPERTY $335,000.00 You can have it all. Approximately 3,700 square feet of finished space including a fully finished and exposed walk-out lower level opening to a private backyard. The expansive layout offers four bedrooms plus an office, three full bathrooms and two half bathrooms located on the main floor. There is plenty of room in the three and a half car garage for all of your toys, while the prime location in the prestigious Regents Park subdivision is convenient to many nearby amenities. OSF is 1.1 miles away and the exit to I-90 is only 3.2 miles away. New hardwood floors, as well as all new paint and carpet throughout. Two year old roof. Stainless steel appliances (some never used) and a double oven. Large deck overlooking a secluded back yard.
5306 Parliament Place • 3,700 SQUARE FEET • FOUR BEDROOMS • SECLUDED OUTDOOR SPACE • CONVENIENT LOCATION • FULLY FINISHED WALKOUTLOWER LEVEL
Diane Meltmar
815|540|3259 Contact View Full Listing for Details
This is Not 2008 All Over Again - The Mortgage Lending Factor
Some are afraid the real estate Here is a graph of the MCAI dating Thankfully, lending standards have market may be looking a lot like it back to 2004, when the data first eased since. The index, however, is did prior to the housing crash in became available: still below 200, which is half of 2008. One of the factors they’re pointing at is the availability of mortgage money. Recent articles about the availability of low-down payment loans and down payment assistance programs are causing concern that we’re returning to the bad habits of a decade ago. Let’s alleviate the fears about the current mortgage market. The Mortgage Bankers’ Association releases an index several times a year titled: The Mortgage Credit Availability Index (MCAI). The MCAI provides the only standardized quantitative index that is solely focused on mortgage credit. The MCAI is a summary measure which indicates the availability of mortgage credit at a point in time.
As we can see, the index stood at about 400 in 2004. Mortgage credit became more available as the housing market heated up, and then the index passed 850 in 2006. When Basically, the index determines how the real estate market crashed, so easy it is to get a mortgage. The did the MCAI (to below 100), as higher the index, the more available mortgage money became almost the mortgage credit. impossible to secure.
what it was before things got out of control. It is easier to get a mortgage today than it was immediately after the market crash, but it is still difficult. The difference in 2006? At that time, it was difficult not to get a mortgage.
Call Gambino Building and Remodeling to Build Your Dream Home 815•637•0113 | gambinobuilding@gmail.com
713 Tuneberg Court | Belvidere
• COUNTY TAXES • CUL DE SAC LOCATION • CONVENIENT LOCATION Perfect for full walkout lower level and this lot is priced below assessed value. Beautiful wooded executive cul de sac lot located within the county tax rate 9.519950 and Belvidere North High School district. Bring your own custom builder. City sewer and water. Enjoy walking path and six acre pond. Convenient to commute, medical, area amenities.
$135,000.00
7795 Weldon Woods Cl | Rockford
Jean Campbell | 815•505•8336| jcampbell@gogambino.com • WOODED LOT • NO BUILDER RESTRICTIONS • WELL AND SEPTIC This parcel is located in the Weldon Woods subdivision of custom made homes with wooded 4.42 acres of land running down to a creek. Easy access to Bypass 20. Located just West of Meridian Road. Winnebago School District 323. Not builder restricted. Well and septic.
$89,900.00
12664 Pemberton Pl | Winnebago
Mike Weerda| 815•985•2895| mweerda@gogambino.com
• LAKE VIEW • 130 FEET OF SHORELINE • COMMUNITY AMENITIES Build your dream home and enjoy lake views on this beautiful cul de sac lot on a point in the resort community of Westlake Village. Community amenities include 82 acre stocked lake, 18-hole golf course, beach with volleyball area, pool, tennis and basketball courts, community center, paved walking path, playground, and 47 acre nature area.
$55,000.00
99xx Queen Oaks | Machesney Park
Pam Cunningham|815•289•6323|pcunningham@gogambino.com
• RIVER FRONT • BRING YOUR OWN BUILDER • MATURE TREES Buildable river front lot boasting 120 feet of river frontage for you to build your dream home. Some mature trees create a nature’s paradise while the water view provides serenity. Bring your house plans, your builder, your dock and enjoy your summers here.
$39,900.00 Jill Jarek|815•621•5255|jjarek@gogambino.com
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Call Gambino Realtors 815 | 282 | 2222 Or log onto gogambino.com to start your home buying and selling process today!