GAMBINO REALTORS THE COLLECTION
AUGUST 2020
PECATONICA
Welcome to the August issue of The Collection! As the summer begins to wind down, many are planning their next move in real estate. Our feature homes within these pages are a great place to start exploring. If you are unsure about our current market, be sure to read what experts are saying and why sellers are finding themselves in a great position to sell. Feel free to reach out to one of our knowledgeable agents today.
BELVIDERE
Cordially, Jonathan R. Krause, CRB President JKrause@GoGambino.com
BELVIDERE
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
CHERRY VALLEY
ROCKFORD
Why Homeowners Have Great Selling Power Today We’re sitting in an optimal moment in time for homeowners who are ready to sell their houses and make a move this year. Today’s homeowners are, on average, staying in their homes longer than they used to, and this is one factor driving increased homeowner equity. When equity grows, selling a house becomes increasingly desirable. Here’s a breakdown of why it’s a great time to capitalize on equity gain in today’s market. As average homeowner tenure lengthens and home prices rise, equity, a form of forced savings, can be applied forward to the purchase of a new home. CoreLogic explains: “Over the past 10 years, the equity position of homeowners has positively changed as a result of more than eight years of rising home prices. As the economy climbed out of the recession in the first quarter of 2010, 25.9% or 12.1 million homes were still underwater, compared to the first quarter of 2020 when the negative equity share was at 3.4%, or 1.8 million properties.” Increasing equity is enabling many homeowners who are ready to sell their current houses today to sell for an increased profit, and then reinvest their earnings in a new home. If you’ve been taking a closer look at your house recently and are thinking it might be time for you to make a move, determining your equity position is a great place to start. Understanding how much equity you’ve earned over time can be a key factor in helping you realize the potential profits in your real estate investment and move toward your next homeownership goal. With average home sale profits growing, it’s a great time to leverage your equity and make a move, especially while the inventory of houses for sale and mortgage rates are historically low. If you’re considering selling your house, contact Gambino Realtors today so you can better understand your home equity position and take one step closer to the home of your dreams.
SERENE COUNTRY BACKDROP $389,900 This spacious home exudes privacy set on 2.5 acres of country land. The Seward Bluff Forest Preserve, which borders this beautiful home provides serene views throughout the year. The grounds are beautifully manicured with distinctive landscaping. There is plenty of extras on the grounds, including a 40x36 outbuilding with a workshop. The 3,500 square foot, two-story, single family residence is super sharp. Enjoy a movie in the great room boasting 20’ cathedral ceiling and fireplace. The lovely open floor plan allows you to gracefully flow from the great room to the dining, all while feeling the light from the oversized windows. The kitchen was updated to include quartz countertops, an abundance of cabinets and sliders to the fabulous sunroom. The master bedroom is conveniently located on the first floor and features a private bath, walk-in closet and a slider to the spacious deck. A unique loft is waiting for exploration on the upper level, which is also home to the three additional bedrooms. Entertain in the partially exposed lower level and enjoy how much space this home has to offer.
16981 Comly Road • 2.5 ACRES • OUTBUILDING WITH WORKSHOP • FIRST FLOOR PRIMARY BEDROOM • UPPER LEVEL LOFT
Ginny Meyer 815|262|8082 Contact View Full Listing for Details
LIGHT AND BRIGHT RANCH $324,900
In a quiet, friendly neighborhood, this fully exposed ranch is on a 1.5 acre corner lot. This gem has been meticulously maintained and is move-in ready. Light, bright and airy with freshly painted white trim and kitchen cabinets. Slider off the eat-in kitchen leads to an oversized deck and screened gazebo. The open living room boasting a cathedral ceiling, fireplace and builtin speakers is a great place to gather with friends and family. Enjoy the beauty of the highend solid Cumaru/Brazilian Teak hardwood flooring throughout most of the main floor. The exposed lower level has been tastefully finished adding another level of functional living space, including a fourth bedroom. An additional half bath is roughed-in and ready to install plumbing fixtures. In addition to the attached heated three and a half car gar, a separate driveway extends to a fully insulated, 900 square foot heated outbuilding/garage. The 13’ ceiling and 12’ garage door make the perfect setup for a car enthusiast, hobbyist or RV storage. This unique setup does not come on the market often.
12301 Arrowood Lane • 1.5 ACRES • CORNER LOT • FIRST FLOOR LAUNDRY • OUTBUILDING
Tracy Suyko 815|289|1130 Contact View Full Listing for Details
TRADITIONAL TWO-STORY $349,900
Comfortable, traditional two-story home on 1.21 acres surrounded by a quiet country setting in Aberdeen Subdivision. This gorgeous home features a multitude of convenient amenities. The formal living room with window flows into the eat-in kitchen with oak cabinets and large pantry with French door to deck. Large family room has vaulted ceiling, brick surround gas/wood fireplace, sliders to a bright three-season sun porch. Sun porch has a view of the sizeable peaceful backyard and door to deck. The first floor features one and a half baths, office, den, dining room and a large laundry room with a door to the beautiful backyard. There are three good sized bedrooms and a full bath on the second floor along with a large master bedroom suite featuring an L shaped waling in closet, bathroom with jacuzzi and step-in shower. Lower level walk-out with extra high ceilings, roughed-in fourth bath, fifth bedroom and second fireplace as well as an enormous amount of storage. Around the corner from a park, tennis courts and running track.
11701 Galloway Lane • 1.21 ACRES • MAIN FLOOR LAUNDRY • BEAUTIFUL GROUNDS • LOWER-LEVEL WALKOUT
Sandy Basel 815|494|4132 Contact View Full Listing for Details
NEWLY CONSTRUCTED RANCH $321,935 Welcome home to this beautiful quality new construction split bedroom ranch. This fresh and bright home features varying ceiling heights, formal dining area, walk-in pantry, first-floor laundry with upper cabinets, great room with custom fireplace surround, painted woodwork, maple painted cabinets with granite tops, 3/8� engineered wood flooring and carpet, walk-in ceramic shower in master bath. The brand new yard is sodded and comes with an irrigation system. Truly move-in ready, this expertly crafted home is prepared for you to create long-lasting memories.
248 Club House Drive • THREE BEDROOMS • MAIN FLOOR LAUNDRY • THREE CAR GARAGE • GOLF COURSE FRONTAGE
Brent Hammack 815|509|5101 Contact View Full Listing for Details
ELEGANCE ABOUNDS $425,000
Known as “The Crown Jewel of Brown Hills,” this rare piece of Rockford history has been lovingly restored to its original elegance. Combining updated and period details, the features and amenities are truly outstanding. Custom marble entry; solid hardwood living and dining rooms; striking millwork; leaded glass pocket doors; mahogany library and sunlit solarium. A gorgeous kitchen features custom cherry cabinets with Gothic arch detailing, Brazilian granite counters, tumbled marble backsplash, ceramic tile floors. The remodeled powder room, mudroom, butler’s pantry and main floor Laundry complete the gracious main floor. The second floor offers a large bedroom suite with a private bath and adjoining den. Two additional bedrooms have private full baths and a private suite offers a sitting room, full bedroom and full bathroom accommodating many living arrangements. Depending on your needs, several rooms would make lovely private offices. So many flexible living options in this grand and elegant gem.
1367 Brown Hills Road • FIVE BEDROOMS • MAIN FLOOR LAUNDRY • FORMAL LIBRARY • MATURE WOODED LOT
Karl Gasbarra 815|975|4218 Contact View Full Listing for Details
Experts Weigh in on the Remarkable Resilience of the Housing Market
America has faced its share of challenges in 2020. A once-in-a-lifetime pandemic, a financial crisis leaving millions still unemployed, and an upcoming presidential election that may prove to be one of the most contentious in our nation’s history all continue to test this country in unimaginable ways. Even with all of that uncertainty, the residential real estate market continues to show great resilience. Here’s a look at what the experts have said about the housing market over the past few weeks. Ivy Zelman, CEO of Zelman & Associates: “Whether in terms of pending contract activity or our proprietary buyer demand ratings, the various measures of demand captured in this month’s survey can only be described as shockingly strong, in spite of the resurgence in COVID-19 cases.” Logan Mohtashami, Lead Housing Analyst at HousingWire: “Existing home sales are still down year over year by 11.3%, but as crazy as this might sound, we have a shot at getting positive year-overyear growth…We may see an existing home sales print of 5,510,000 in 2020.” Matthew Speakman, Zillow Economist: “In a remarkable show of resilience, the housing market has stared the pandemic right in the eye and hasn’t blinked.” Todd Teta, Chief Product Officer for ATTOM Data Solutions: “The housing market across the United States pulled something of a high-wire act in the second quarter, surging forward despite the encroaching economic headwinds resulting from
the Coronavirus pandemic.” Ali Wolf, Chief Economist of Meyers Research: “The housing recovery has been nothing short of remarkable. The expectation was that housing would be crushed. It was—for about two months— and then it came roaring back.” Clare Trapasso, Senior News Editor of realtor.com: “Despite the crippling and ongoing coronavirus pandemic, millions out of work, a recession, a national reckoning over systemic racism, and a highly contentious presidential election just around the corner, the residential real estate market is staging an astonishing rebound.” Bill Banfield, EVP of Capital Markets at Quicken Loans: “The pandemic has not stopped the consistent home price growth we have witnessed in recent years.” Economic & Strategic Research Group at Fannie Mae: “Recent home purchase measures have continued to show remarkable strength, leading us to revise upward our home sales forecast, particularly over the third quarter. Similarly, we bumped up our expectations for home price growth and purchase mortgage originations.” Mark Fleming, Chief Economist at First American: “It seems hard to deny that when one looks at many of the housing market statistics, a “V” shape is quite apparent.” The experts seem to agree that residential real estate is doing remarkably well. If you’re thinking of jumping into the housing market, this may be the perfect time.
LIFE ON THE WATER 853 Breckenboro | Lake Summerset
• FOUR BEDROOMS • GATED COMMUNITY • COMMUNITY AMENITIES This expertly crafted, one owner custom home is your dream home on the lake. The exquisite woodwork and hardwood floors crafted from local trees accentuates the beautiful, comfortable 4,300 square foot layout. Quality craftsmanship can be found throughout the home including oak cabinetry, granite, breakfast bar and stainless steel appliances in the kitchen. The gorgeous views through the floor to ceiling windows provide vacation vibes throughout the year.
8318 Shore Drive | Machesney Park
Pam Cunningham|815•289•6323|pcunningham@gogambino.com
• THREE BEDROOMS • 184 FEET OF RIVER FRONTAGE • COVERED HOUSING FOR BOAT Make this beautifully updated ranch on the river your new home to enjoy. You will enter into the spacious living room with gas fireplace and French doors leading out to a large maintenance free deck with spectacular river views. Updated kitchen with new flooring, counter tops and appliances. Newer roof, new air conditioning, new duct work, newer water heater and flooring. All the comforts needed for the water living lifestyle including a place for your boat.
4235 Oaklane Road | Rockford
Donna Cox | 815•742•5092|dcox@gogambino.com
• TWO BEDROOMS • RIVER FRONTAGE • OPEN CONCEPT LAYOUT Beautiful river front property, not in flood plain. This adorable home has exactly what you are looking for. Adjoining living room with a sunroom to enjoy all seasons on the water. Sunroom has ceramic tile; wood burning stove and has exterior access to a large wrap around deck boasting amazing views. Living room and lower level family room have wood burning fireplaces. Breezeway between house and two car garage.
9639 River Road | Ridott
Carol & Andy Harkin|815•540•8908|charkin@gogambino.com
• THREE BEDROOMS • CREEK FRONTAGE • ZONED AGRICULTURAL Lovely 1,600 (+) square foot home nestled on 2.5 acres zoned agricultural. Great country kitchen-gathering room with French doors to family room with two expansive bay windows to take in the view while keeping cozy by the wood burner. Recreational opportunities galorefishing, hunting or bird watching. Minutes to Prairie Path. Private, secluded location when your nearest neighbor is mother nature. No FHA, VA, IHDA, please. Ginny Meyer|815•262•8082|gmeyer@gogambino.com
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