GAMBINO REALTORS THE COLLECTION
APRIL 2019
ROSCOE
Welcome to the April issue of The Collection! As Spring approaches it is time to get excited for the uptick in the housing market. Inside this issue, perhaps you will find inspiration for decorating your current home, or it could be a home you have always dreamt about catches your attention. In either case,
FREEPORT
feel free to browse at your leisure and enjoy these unique and stunning homes. Cordially, Jonathan R. Krause, CRB President JKrause@GoGambino.com
OREGON
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 pulbication covers Winnebago, Boone, McHenry and Kane Counties in Northern Illinois.
815•282•2222 www.gogambino.com
ROCKFORD
DURAND
THE HOUSING MARKET WILL “SPRING FORWARD” THIS YEAR!
Just like our clocks in March, the housing market will soon “spring forward!” Similar to tension in a spring, the lack of inventory available for sale has been holding back the market. Many potential sellers believe that waiting until Spring is in their best interest. Buyer demand has seasonality to it. Usually, this falls off in the winter months, expecially in areas of the country impacted by artctic conditions. That Hasn’t Happened This Year. Demand for housing has remained strong as mortgage rates have remained near historic lows. Even with an increase in rates forecasted for 2019, buyers are still able to lock in an affordable monthly payment. Buyers are increasingly jumping off the fence and into the market to secure a lower rate. The National Association of Realtors (NAR) recently reported that in 2018 the top 10 dates sellers listed their homes all fell in April, May, or June. Those who act quickly and list now, before a flood of increased competition, will benefit from additional exposure to buyers. Bottom Line If you are planning on selling your home in 2019, call Gambino Realtors to evaluate the opportunities in your market.
CUSTOM BUILT ELEGANCE $459,000.00 Stunning custom built, light and bright, open floor plan ranch with full walk-out. Meticulously maintained with major updates throughout. Granite kitchen with cherry cabinetry and island. Master bath has been completely remodeled in 2017 as well as the large mud room with custom built-in lockers and guest bath. Freshly painted throughout. Huge rec room in the lower level is great for entertaining and leads out to a two-level bluestone patio with a custom outdoor fireplace. This beautiful custom built home includes irrigation, security system and underground fencing.
7359 Timber Ridge Road • 4 BEDROOMS • SUN ROOM • TWO LEVEL PATIO • MAJOR UPDATES
Brad Zimmerman 815•985•2830 Contact View Full Listing For Details
PEACEFUL WOODED RETREAT $475,000.00 Find peace within this one-owner custom-built home settled on a retreat of 28 Acres. Enjoy walks throughout wooded areas, ten acres of farm grounds, creeks, trails and ponds while taking in the fresh air. Cook up delicious meals in the fabulous chef-pleasing kitchen with plenty of room for casual get togethers. Entertain in the dramatic great room featuring 20’ ceilings, walls of windows to take in those views and a soaring stacked stone fireplace. The formal dining room is framed with columns and decorative alcoves. Work from home in the main floor office with French doors, a gas fireplace and beautiful built-in bookshelves. Pamper yourself in the main floor master bath suite that includes double vanities, a jetted soaker tub and a walk-in closet. Convenience awaits with a first floor laundry in addition to washer and dryer hookups upstairs. Tuck away at night in the four very generous bedrooms. Revel in the spacious walk-out lower level that includes a family rec room, exercise room, guest room and full bath.
638 West Cedar ville Road • 28 ACRES • 4 BEDROOMS • SCENIC VIEWS • 20 FOOT CEILINGS
Brenda Baney-Tufly 815•988•3476 Contact View Full Listing For Details
PRIVATE RIVERFRONT RETREAT $725,000.00
Impeccable and very private riverfront ranch home on a six acre executive estate! Expansive views of the Rock River from over-sized windows throughout. The half mile driveway offers privacy thru the serene wooded entrance. Features include a welcoming foyer, stone gas fireplace, hardwood floors, coffered ceilings, a state of the art lighting and sound system, ceiling fans and beautiful built-in cabinetry throughout. Gather with your family in the huge family room, and formal dining room. Enjoy the convenience of a spacious office and mudroom. Gorgeous kitchen with granite countertops, center island, custom tile back-splash, stainless steel appliances with wine refrigerator all leading to easy access to the peaceful outdoors and breakfast area with bay window overlooking the river. Relax in the magnificent master suite with a second gas fireplace, sitting area and luxurious bath, plus three additional bedrooms and a private guest suite. This magnificent compound additionally includes a spectacular knotty pine riverfront log cabin with vaulted ceilings, kitchen, bedroom, full bath and a large patio for entertaining. A major bonus to this fantastic find is the inclusion of a log boat house!
3342 Nor th River Road • 6 ACRES • 4 BEDROOMS • WATERFRONT LOT • CUSTOM FINISHES
Karl Gasbarra 815•975•4218 Contact View Full Listing For Details
OPEN FLOOR PLAN COMFORT $320,000.00 Welcome to this meticulously maintained home. The open floor plan with a formal dining room and living/music room welcomes you at the door. Four beautiful bedrooms, 3.5 baths and a three car heated garage on a corner lot makes this home unique. The conveniently located first floor laundry and master bedroom brings a comfort that can be felt throughout. The eat-in kitchen features an island counter, oak cabinets, tile floor and sliding doors to a peaceful patio. Hardwood floors throughout the family, dining, living and master bedroom give this home a classic updated feel. The upper level bedrooms feature carpeting and walk-in closets. Relax in the master bedroom with a large walk-in closet, bath with dual vanities, a jacuzzi tub and step-in shower. Entertain in the spacious lower level with a large rec room, office, full bath and large storage area with egress window. Beautiful views to be enjoyed in the professionally landscaped yard from the patio with a retractable awning. Enjoy the peace of mind with a new roof and gutters in 2015. All of this with a convenient location close to shopping, doctors and restaurants.
5335 Parliament Place • 4 BEDROOMS • LOWER LEVEL REC ROOM • FIRST FLOOR MASTER • NEW ROOF/GUTTERS 2015
Sandy Basel
815•494•4132 Contact
View Full Listing For Details
PRIVATE EQUESTRIAN ESTATE $750,000.00 Relish in the peace and quiet this beautiful equestrian estate provides. The 59+ Acres includes a 3,900 square foot log home featuring four bedrooms, three bathrooms and a sunny great room with a cozy fireplace. The wall of windows overlooking the two acre stocked pond lets the sun shine through. Entertain in the spacious lower level with a walkout, a second kitchen, sauna, greenhouse, rec room, family room with a fireplace and a large workshop. Utilize the four large pole barns with solid floors, an outdoor arena, offices, a tack room and a recreational cabin. Hop on your horse or take a walk amongst the 20 acres of woodland trails. This property was made to be enjoyed by all. Motivated seller is willing to divide property at creek with property to the south the equestrian acreage (approximately 20 acres $175,000) and property to the north of the creek, the house, pond and outbuildings (21.7 woods $550,000)
9758 Moate Road • 59+ ACRES • 2 ACRE STOCKED POND • OUTDOOR ARENA • SELLER WILLING TO DIVIDE PROPERTY
Michelle Dollak 815•988•4363 Contact View Full Listing For Details
WHY A NORMAL MARKET IS JUST WHAT WE NEED
The housing market has been hot for a while now. Homes have been flying off the shelves as fast as they have been listed. Buyers have been competing in bidding wars just to find a home to buy, let alone find their dream home. This ‘seller’s market’ has driven home prices to new heights. Home price appreciation averaged over 6% across the country. Many buyers and sellers planning to enter the housing market this year have started to wonder if we are headed towards another housing crash. Ralph McLaughlin, Deputy Chief Economist at CoreLogic, recently stated in an interview, “There’s no reason to panic right now, even if we may be headed for a recession. We’re seeing a cooling of the housing market, but nothing that indicates a crash. The real elephant in the room here is housing supply.” The simple answer is we are returning to a ‘normal’ market. The inventory of homes for sale more closely matches the demand in the market. The added supply means fewer buyers are outbidding each other. Therefore, prices are experiencing less upward pressure. McLaughlin went on to explain, “If there are a lot of homes on the market and suddenly no one wants to buy them, you’ll get into a downward spiral of price competition. Right now, however, we’re in the opposite situation, there isn’t an over-abundance of homes on the market.” As more renters looking for their piece of the American Dream enter the housing market, demand for housing will continue to grow. The Joint Center for Housing Studies at Harvard University estimates over 30 million new households will enter the market from now through 2040. “There’s the natural life cycle of young people getting older and starting to do adult life things which include … buying a house and that’s a lot of potential inertia that could last indefinitely.” Bottom Line Home prices will start to appreciate by historical norms as we continue to head towards a more ‘normal’ market, rather than the over 6% seen over the course of the last couple of years. This is great news! Homeowners looking to sell their home will have buyers, as more buyers will be able to afford them!
EQUESTRIAN PROPERTIES 4141 River Road | Cherry Valley
• NEARLY 8 ACRES • 4 ACRES FENCED PASTURE • 4,224 SQUARE FEET Rustic Cherry Valley rural ranch property! Perfect for outdoor enthusiasts. Massive brick ranch with Flexicore floors, tons of windows and a beautiful view from the 600 square foot deck. Over 2,000 square foot of living space on the main floor. The lower-level is light filled with southern exposure windows and an additional 2,000 square feet of living space. Enjoy four acres of fenced pasture, numerous outbuildings with electric and water for you livestock and toys!
10972 Smith Road | Pecatonica
Kathy Heeren-Ellis | 815•708•4061 | heerenellis4@aol.com • 5.22 ACRES • ZONED AGRICULTURAL • OUTBUILDINGS
5.22 acre opportunity! This quiet and spacious two-story includes space for everyone-even horses! Conveniently zoned agricultural, this property has new steel roofs on the house, three car detached garage, the horse building, and pole barn. Enjoy peace of mind with a newer water heater, water softener and sump pumps along with a whole house generator. The outbuildings have electric and the horse building has water hook-up. Room to roam for all!
1555 IL Route 64 | Polo
Jill Jarek | 815•621•5255 | jjarek@comcast.net • 40 ACRES TILLABLE & LEASED • 5200 SQUARE FOOT LOG CABIN • INCLUDES LAWN EQUIPMENT
Custom built 5,200 square foot log home with beautiful full wood interior. Over 62 acres of country living with serene paths, a flowing creek, picturesque bridge and water falls. Enjoy the fully finished basement and a first floor master suite. Peaceful views from the front and rear decks. Explore the wooded lands, hunt and generate income with approximately 40 acres of tillable land that is leased! Includes lawn equipment!
19290 Grade School Rd | Caledonia
Bryan Holder | 815•543•1232 | bholder@gogambino.com • 20 ACRES ZONED AGRICULTURAL • 5,000 SQUARE FOOT HOME • POOL HOUSE W/DIVING POOL
Beautiful 5,000 square foot luxury home settled within 20 acres that are zoned agricultural. There is plenty of room to grow in this six bedroom home with a multi-level floor plan. Enjoy gorgeous views from the tiered track deck. Entertain in one of the two family rooms and pour spirits from the wet bar. Two large barns, one with seven horse stalls, and indoor arena and a pool house with a diving pool make this property a special retreat!
Connie Paris | 815•222•6076 | cparis@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!