GAMBINO REALTORS THE COLLECTION
OCTOBER 2020
STOCKTON
Welcome to the October issue of The Collection! We welcome you to explore our feature properties while you gear up for the cozy autumn season. You may be surprised fall is a great time to sell. If you are ready for a larger, luxury home, be sure to check out our article discussing why it is a great time to find that additional space you and your family desire.
POPLAR GROVE
Cordially, Jonathan R. Krause, CRB President JKrause@GoGambino.com
ROCKFORD
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
ROSCOE
ROSCOE
Why Selling This Fall May Be Your Best Move
If you’re thinking about moving, selling your house this fall might be the way to go. Here are four highlights in the housing market that may make your decision to sell this fall an easy one. 1. Buyers Are Actively in the Market ShowingTime, a leading real estate showing software and market stat service provider, just reported that buyer traffic jumped 60.7% compared to this time last year. That’s a huge increase. It’s clear that buyers are ready, willing, and able to purchase – and they’re in the market right now. In many regions of the country, multiple buyers are entering bidding wars to compete for the home they want. Take advantage of the buyer activity currently in the market so you can sell your house in the most favorable terms. 2. There Are Not Enough Homes for Sale In the latest Existing Home Sales Report, the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. That number was down 18.6% from one year ago. This means in the majority of the country, there aren’t enough homes for sale to satisfy the number of buyers. Due to the health crisis, many homeowners were reluctant to list their homes earlier this year. That will change as the economy continues to recover. The choices buyers have will increase going into the new year. Don’t wait until additional
sellers come to market before you decide to make a move. 3. The Process Is Going Quickly Today’s ultra-competitive environment has forced buyers to do all they can to stand out from the crowd, including getting pre-approved for their mortgage financing. This makes the entire selling process much faster and simpler, as buyers know exactly what they can afford before shopping for a home. According to the latest Origination Insights Report from Ellie Mae, the time needed to close a loan is just 49 days. 4. There May Never Be a More Important Time to Move You’ve likely spent much of the last six months in your current home. Perhaps you now realize how small it is, and you need more space. If you’re working from home, your children are doing virtual school, or you just need more space, your current floor plan may not work for your family’s changing needs. Homebuilders are beginning to build houses again, so you can choose the exact floor plan to match what your family needs, and you can make sure the outdoor space is what you want too. The housing market is prime for sellers right now, so reach out to Gambino Realtors at 815.282.2222 to get the process started this fall. If the timing is right for you and your family, the market is calling your name.
PRIVATE EQUESTRIAN DELIGHT $549,900
Spectacular equestrian property on over 27 acres is waiting for you to settle in and enjoy. The beautiful home has many updates including full kitchen remodel in 2013 with custom cabinetry, all stainless appliances, new lighting, bar sink and bamboo hardwood floors. These floors continue throughout the main and 2nd level. Beautiful trim work, oversized windows and three season porch added in 2014. There is an updated full bath on every floor; including a cast iron claw tub in the upper. Walk out lower level turned into a master suite with living area, bedroom, walk in closet, laundry and ensuite bath with double farm sinks. Perfect set up with three barns, a total of 10 stalls and up to six separate fenced pastures. A 40x60 barn that is 15 feet high was added in 2017 with an adjacent 40x60 barn added in 2019. This one features four stalls, all with rubber mats and heated waterers, 12 x 20 tack room, cement aisle and bright LED lighting. All barns have water systems and three main pastures have geothermal waterers as well. The 10 acre hayfield was reseeded two years ago and yields over 1,200 bales per year. Both you and your animals will want to call this property home.
4081 South Massbach Road • 27.34 ACRES • HORSES ALLOWED • WALK OUT LOWER LEVEL • SIX SEPARATE FENCED PASTURES
Pam Cunningham 815|289|6323 Contact
View Full Listing for Details
CUSTOM BUILT GEM $439,900
Magnificent, custom home built with astute attention to detail and quality craftsmanship that is evident throughout. Main floor features an impressive entry, abundant natural light, volume ceilings, master suite with tray ceiling Kohler signature tub and dual showers, two additional bedrooms, bath and a half, chef ’s kitchen with subzero fridge, office ideal for adults or kid’s study room, fireplace, wet bar, first floor laundry, wall of windows providing access to the expansive patio/firepit combo with gorgeous views of the golf course. The open floor plan and recently finished lower level make this home a masterpiece for entertaining. Downstairs offers a gym, wine room, bedroom, bath, framed in media room to finish and storage. The oversized four plus attached garage provides enough space for cars and ample room for toys. 3,500 square feet of living space located in the serene Knolls of Boone Subdivision ready for you to escape to.
141 Titleist Trail • THREE BEDROOMS • 3.27 ACRES • MAIN FLOOR MASTER • CREEK VIEWS
Team Lunde 815|985|9522 Contact View Full Listing for Details
PRIVATE WOODED LOT ABODE $344,900 Nestled on a beautiful, private, corner wooded lot is this gem of a home. Expansive vaulted great room with gas fireplace to keep you warm and cozy. The foyer and dining room feature new hardwood floors. Great room has sight line to large eat in granite kitchen with stainless steel appliances and desk. Slider to large deck and professional landscaped yard perfect for entertaining and gathering with friends. Enjoy convenience with the remodeled first floor laundry. The master bedroom is spacious at 17.5’ x 15’ with impressive en suite. Three additional bedrooms (one currently used as an office) are ready for a good night sleep. The fifth bedroom in lower level walkout is great for guests or in laws. Lower level boasts a full bath, cedar closet, exercise area, entertainment area and pool table, which stays. Super 24’ x 12’ lower level workshop plus additional workshop in the four car garage creates space to create and store your toys.
5137 Parliament Place • FIVE BEDROOMS • FULLY EXPOSED LOWER LEVEL • FIRST FLOOR LAUNDRY • OPTIONAL HOA
Jean Campbell 815|505|8336 Contact View Full Listing for Details
READY TO ENTERTAIN $315,000
Beautifully updated throughout and located in the prestigious Briarcliff Subdivision in Roscoe ready for you to move right in. The kitchen, appliances, baths, floors, fixtures, paint, lighting, furnace, AC, roof and water heater have all been professionally updated within the past four years. The kitchen boasts granite counters, center island, all stainless appliances including double oven, tile backsplash and ceramic tiles on the floor. The living room features a cozy gas fireplace, hardwood floors and coffered ceiling detailing. Large picture windows in both the living and dining rooms let the light in. Convenient first floor laundry with sink and granite counter. All baths have granite counters and new fixtures. The new master en suite bath includes double vanity, tiled shower and claw tub. New carpet in the master plus hardwood floors throughout the rest of the second floor. Two large finished areas plus half bath in the lower level. The backyard oasis includes a large deck plus beautiful inground pool with slide and diving board. This home is ready for you to entertain all of your family and friends.
11463 Ridgecrest Road • FOUR BEDROOMS • FIRST FLOOR LAUNDRY • INGROUND POOL • PARTIAL EXPOSURE
Pam Cunningham 815|289|6323 Contact View Full Listing for Details
CUSTOM BUILT TWO-STORY $259,900
From the moment you arrive, you will recognize the quality and craftsmanship of this custom, 2,300(+) square foot, three bedroom, three bath, two-story home. Attention to detail and pride in ownership are unmistakable throughout. Impeccably maintained and combined with a timeless design that feels like home. Red oak flooring on the first floor, Pella casement windows and Merillat cabinetry add those special touches. Eight foot ceilings in finished basement create a spacious feel throughout. Premium and expansive outdoor living space. Three car heated garage ready to store your toys. Beautifully landscaped grounds make for relaxing days outdoors.
11855 Bowen Parkway • THREE BEDROOMS • THREE CAR ATTACHED GARAGE • CLOSE TO I-90 • EXPANSIVE DECK
Bonnie Moore 815|243|4502 Contact View Full Listing for Details
Buyers Are Finding More Space In The Luxury Market A year ago, additional space and extra amenities had a very different feel for homebuyers. Today, the health crisis has brought to light how valuable more square footage and carefully designed floorplans can be. Home offices, multi-purpose rooms, gyms, and theaters are becoming more popular, and some families are finding the space they need for these upgrades in the luxury market. The Institute for Luxury Home Marketing (ILHM) explains: “With quarantine concerns still top of mind for many luxury buyers, we see large, sprawling estates making their comeback. For instance, the last six months have seen a resurgence in the buying of mega mansions and estate-size homes – specifically properties that offer space (both inside and outside), separate home offices, gyms, and private amenities such as swimming pools, yoga studios, and recreation rooms.” This was not the case at this time last year, as the most recent Luxury Market Report from ILHM emphasizes: “Exactly one year ago, we reported that demand for large properties, mega mansions, private estates, and luxury ranches had reduced significantly over the previous few years; especially from the younger generation of luxury property buyers.” For today’s buyers looking for larger homes, steady increases in equity might be what makes a move possible. Leveraging home equity makes it easier to afford the down payment on a luxury home, and current low interest rates are making mortgage payments more affordable than they have been in years. The report from ILHM also notes: “Luxury real estate prices may continue to strengthen further into the third quarter, as the affluent continue to see large investment returns from the currently strong stock market. Coupled with the low interest rates, the policies granting (and insisting) on working from home implemented by many employers, and the concerns of the pandemic, all translate to the affluent increasingly trading in their city lifestyle for a home that has it all.” Clearly, today’s strong gains in home equity paired with record-low interest rates make fall a great time to move up into the luxury market to meet those changing needs. If you’re ready to gain some breathing room in a larger home, let’s connect so you have the guidance you need to find more space in the luxury home market. Contact Gambino Realtors at 815.282.2222.
BUILD THE HOME OF YOUR DREAMS 1280 Summerland Key | Rockford
• $105,000 • .78 ACRES • RIVER FRONTAGE Welcome to River Key. The opportunity awaits you to build the home of your dreams on this river lot. You will have access to the resident’s only boat ramp as well as outside storage plus the potential option for inside storage for a fee. City water and sewer. Minimum building requirements are 1,900 sq ft for a ranch and 1,400 sq ft on the ground level for a two-story. Bring your own builder, but all plans need developer approval. Live like you’re on vacation year-round.
5106 Smokethorn Trail | Belvidere
Mikhaele Howell|815•871•6787|mhowell@GoGambino.com
• $75,000 • .99 ACRES • BRING YOUR OWN BUILDER The price is right for this fantastic lot in the beautiful Deer Woods II subdivision located in Boone County. This one acre wooded lot has possibilities for full exposure and can be combined with adjacent lot for a total of two acres. Build your dream home, not builder restricted. Has city water and sewer, curbs and gutters. Easy I-90 access and convenient to shopping, schools and new medical facilities.
161xx Telegraph Road | Pecatonica
David Palmer | 815•566•2437|dpalmer@GoGambino.com
• $49,900 • 3.99 ACRES • ZONED AGRICULTURAL Rare Opportunity for this beautiful 3.90 acres (+/-) to be yours. Where the eagles fly located at the edge of Pecatonica. High and dry with beautiful view of tree line of the river in the distance. Overlooks scenic Kerr Creek. This is a bird lover’s paradise. Abundance of interesting waterfowl. Backs up to Prairie Path and close to Blassingham Park. Land currently used as hay ground. Build your dream home or seller has the plans drawn up for six houses on half acre lots.
12664 Pemberton Pl. | Winnebago
Ginny Meyer|815•262•8082|gmeyer@GoGambino.com
• $44,900 • .35 ACRES • LAKE FRONTAGE Best price on the lake for this peaceful lot. Build your dream home and enjoy the lake views. Beautiful cul-de-sac lot on a point in the resort community of Westlake Village. 130 feet of shoreline. Partial exposure possible. Community amenities include 82 acre stocked lake, beach with volleyball area, pool, tennis and basketball courts, community center, paved walking path, playground and 47 acre nature area. Create the home you’ve always wanted in the best location in the area. Pam Cunningham|815•289•6323|pcunningham@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!
