Burr Ridge REAL ESTATE

As a Burr Ridge Realtor, I am often asked about foreclosure properties.  After explaining to the potential buyer of a Burr Ridge home for sale that the real "deal" in foreclosure properties comes at the sheriff's sale where you need 10% down at the auction and the balance in 24 hours, I then point them to the Burr Ridge foreclosure properties that are listed on the MLS (Multiple Listing Service). A Burr Ridge property that is a foreclosure is located at 8460 Walredon in the popular Braemoor subdivision which is served by the excellent Gower School District 62.  The home is a 4 bedroom, 2 1/2 bath split level, cute in its day.  Time, years of vacancy, and an angry seller have taken their toll on this property...as well as the appliances!  It is listed at 474,900.  Is this a great deal in a neighborhood where homes were selling in the mid 500's to mid 600's just 2 years ago?  Absolutely not.  Homes in excellent repair with new mechanicals - homes that just need cosmetic updates - have been selling in the upper 400's in the Braemoor subdivision in Burr Ridge.  Foreclosure properties seldom mean great deals!  For more information on the Walredon house and other Burr Ridge Real Estate, contact Cindy Mottl, Burr Ridge Realtor, Platinum Partners Real Estate, at 630.272.3636.