GAM BINO RE ALTORS
HOME GUIDE
ISSUE EIGHT | 2021
C O NTEN T S
4
25
4
Remote Work Has Changed Our Home Needs. Is it Time for Your Home to Change too?
6
Residential Single Family Homes
25
Today’s Real Estate Market Explained Through Four Key Trends
27
Key Questions to Ask Yourself Before Buying a Home
40
27
40 72
61
YUMMY by Gambino: Easy Caramel Apple Bars Vacant Land
64
Residential Condominiums
67
Commercial Real Estate
72
A Look at Housing Supply and What it Means for Sellers
GAMBINO REALTORS HOM E GU I DE VOLUME TWO ISSUE EIGHT | 2021 Publisher: Gambino Realtors
Thfi Firsfl Wee Editor: Kathy Heeren-Ellis
of August...
“The first week of August hangs at the very top of summer, the top of the live-long year, like the highest seat of a Ferris wheel when it pauses in its turning. The weeks that come before are only a climb from balmy spring, and those that follow a drop to the chill of autumn, but the first week of August is motionless, and hot. It is curiously silent too with blank white dawns and glaring noons, and sunsets smeared with too much color.” — Natalie Babbitt, Tuck Everlasting I hope you are enjoying every bit of this summer season! As we know too well, eventually this summer will be a fond memory and we will begin to enjoy the seasons that follow.
Home values have reached an all-time high in our market, and buyer demand is still very strong leading sellers to quick sales at the best possible price. Out of town buyers are moving to our area as part of a change in their work environment. They now work from home and discover they can buy much more home in our market compared to the suburbs. I believe that this is the beginning of a demographic shift that could help support our market for several years to come. I hope you enjoy this edition of the Gambino Home Guide outside on a pleasant, sunny afternoon! Cordially,
It seems we are perhaps at the very height of the real estate market for 2021. Although there is still plenty of summer left and great real estate opportunities ahead, this fall, we will naturally see a change in activity. Is there still opportunity to take advantage of the strong buyer demand in the market? Is it still possible to sell your home before fall? The answer is a resounding, “Yes!”
Design: Sarah E. Diamond Photo Editing: Derek Droessler
The Gambino Home Guide is a presentation of properties for sale in the Northern Illinois region. Since 1923, Gambino Realtors has navigated buyers and sellers through real estate transactions. www.GoGambino.com 3815 N. Mulford Road Rockford, IL 61114 815.282.2222 5330 Williams Drive Roscoe, IL 61073 815.623.3333
Jonathan R. Krause President Gambino Realtors www.GoGambino.com | 3
REMOTE WORK HAS CHANGED OUR HOME NEEDS. IS IT TIME FOR YOUR HOME TO CHANGE TOO? Now may be the time to find the home that addresses your evolving needs. Over the past year, many homeowners realized what they need in a home is changing, especially with the rise in remote work. If you’re longing for a dedicated home office or a change in scenery, now may be the time to find the home that addresses your evolving needs.
Working from Home Isn’t a Passing Fad Before the pandemic, only 21% of individuals worked from home. However, if you’ve recently discovered remote work is your new normal, you’re not alone. A survey of hiring managers conducted by Statista and Upwork projects 37.5% of U.S. workers will work remotely in some capacity over the next five years.
Working from Home Gives You More Flexibility and More Options If you fall in that category, working from home may provide you with opportunities you didn’t realize you had. The ongoing rise in remote work means a portion of the workforce no longer needs to be tied to a specific area for their job. Instead, it gives those workers more flexibility when it comes to where they can live. 4 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
If you’re one of the nearly 23% of workers who will remain 100% remote, you have the option to move to a lower cost-of-living area or to the location of your dreams. If you search for a home in a more affordable area, you’ll be able to get more house for your money, freeing up more options for your dedicated office space and more breathing room. You could also move to an area you’ve always dreamed of vacationing in – somewhere near the beach, the mountains, or simply an area that features better weather and community amenities. Without your job tying you to a specific location, you’re bound to find your ideal spot.
If you’re one of the almost 15% of individuals who will have a partially remote or hybrid schedule, relocating within your local area to a home that’s further away from your office could be a great choice. Since you won’t be going into work every day, a slightly longer commute from a more suburban or rural area could be a worthy trade-off for a home with more features, space, or comforts. After all, if you’ll still be at home part-time, why not find a home that better suits your needs? According to the latest Top Ten Issues Affecting Real Estate from The Counselors of Real Estate (CRE), many homebuyers are already taking advantage of their newfound flexibility:
“. . . after years of apparent but variant trends towards urbanization, the pandemic universally caused a movement away from urban cores, particularly for those with higher incomes who could afford to move and for lower-income individuals seeking lower costs of living.” If you’ve found what you’re looking for in a home has changed due to remote work, it may be time to make a move. Call Gambino Realtors at 815.282.2222. We can help you start prioritizing your home needs. www.GoGambino.com | 5
11132 Oxbow Drive Roscoe $880,000 4 BD | 3/1 BA | 3,285 SQ FT Relax, play, and work from this beautiful riverfront estate tucked away in Roscoe. The resort vibes radiate from the house to the pool and throughout the professionally manicured nine acres of entertaining space. There are four bedrooms, three and a half baths, a lower-level theater and bonus room, and a four-season room built for sun lovers within the expansive two stories. From the four-season room, the pool invites you to enjoy a dip on a warm summer day. The 40 x 120 outbuilding is fully furnished with a kitchen, bath, game room, workshop, and living area for all your guests and entertaining needs. Spend the day down by the shore, where your boat ramp awaits you to set out on a day cruise. This spectacular home is waiting for you to create memories for years to come.
Team Lunde 815.985.9522
RIVERFRONT ESTATE
6344 Tuscany Circle Rockford $790,000 3 BD | 3/2 BA | 4,919 SQ FT Escape to excellence in this custom-built, luxurious abode featuring fine craftsmanship and an open, great room floor plan. Delight your guests with a delicious meal created in the chef’s kitchen with granite counters, Sub-Zero built-in refrigerator, wine cooler, Wolf four-burner gas cooktop, and Thermador double ovens. The wellappointed master suite boasts his and her walk-in closets, a bath with double vanities, a jacuzzi, an onyx shower, and an attached exercise room. Conveniently located on the first floor is a stately office fit for anyone who works from home. The two additional ensuite bedrooms are located just beyond the elegant, custom staircase. Outside this beautiful home, stunning and professional landscaping includes a chipping green, a koi pond with a waterfall, and an irrigation system. Entertaining in this home is a breeze with ample space, gorgeous finishes, and beautiful backdrops for gathering.
Diane Meltmar 815.540.3259
LUXURIOUS ABODE
2595 Kendall Road Winnebago $524,900 3 BD | 3 BA | 3,482 SQ FT Craftsman-style three bedroom, three bathroom, customdesigned home situated on over 11 acres. The main floor features an open concept floor plan with a kitchen, living room, and dining area. Open hallway spans the entire length of the home from a double foyer with vintage doors and a stained glass transom. The main level is well-appointed with a large master suite, firstfloor laundry, and office/nursery. Through Eyes of Ginny Meyer Chef’s kitchen with The custombuilt cabinets, handmade tiles incorporated in a subway tile backsplash, Butler’s pantry with stained glass cabinets, double wall oven, cooktop, a separate pantry area, and Cambria stone countertops. Custom milled woodwork sourced from former farm buildings and walnut trees on site can be found throughout the floorplan, creating a unique and inviting atmoshphere.
LIFE ON THE FARM
Kathy Heeren-Ellis 815.708.4061
CUSTOM CRAFTSMAN
1050 East Main Street Rockton $495,900 5 BD | 5 BA | 4,215 SQ FT Welcome home to this amazing custom-built gem with 600(+) feet of river frontage. No shortage of space for your family plus the 2,502 square foot in-law apartment. The main home features two bedrooms, three full baths, wood burning fireplace, hardwood floors, and floor to ceiling windows facing the river with sliders to one of three decks. There is a 25x8 screened porch and walkout lower level that Through The room. Eyes of Ginny Meyer has a kitchen and hobby The in-law apartment features three bedrooms, two full baths, and open floor plan with cherry hardwood floors. Plenty of room for your toys in the tandem garage. This stunning property is within walking distance to downtown Rockton, a city park, library, and the area’s walking path is just outside of gated driveway.
LIFE ON THE FARM
Sandy Basel 815.494.4132
GORGEOUS RIVERFRONT
SPACIOUS LAYOUT 7065 Nestlewood Drive | Roscoe | 4 BD | 3 BA | 2,663 SQ FT | $229,900
OPEN AND AIRY WITH ROOM TO GROW
This pristine abode encompasses over 2,500 square feet of lovely living space for you to settle in and enjoy. The huge living room boasts a vaulted ceiling creating an open and airy feel. Enjoy meals in your spacious eat-in kitchen fitted with all the convenient appliances expected. Three graciously sized bedrooms are located on the upper level, while one with a walkin closet is tucked away in the lower level. The master is upstairs and includes an ensuite. Entertain in the lower-level family room by the fireplace or spend time outdoors amid the beautifully landscaped grounds. This gorgeous home is also within walking distance to Porter Park for even more outdoor activities. With plenty of room for storage, including a storage shed, three full bathrooms, and a spacious layout, this home boasts lots of room to grow.
Cheryl Jacobs 815.494.4956 cjacobs@GoGambino.com
www.GoGambino.com | 11
Ray Arco
Tony Badaluco
Brenda Baney-Tufly
Karen Barbagallo
Sandy Basel
Pat Bellinghiere
Brad Benedict
Halina Borowski
David Bowers
Ann Seigel Brady
Carson Breed
Allan Brillman
815.985.1441
815.985.4190
815.988.3476
815.988.5577
815.494.4132
815.871.1745
815.988.4286
815.621.8507
815.520.4091
815.298.4683
815.871.5131
815.494.2605
Mike Bumbard
Donya Bundy
Dawn Butcher
Jean Campbell
Brad Carlson
Stefanie Carlson
Barbara Carstens
Heather Carter
Judy Clossey
Donna Cox
Scot Craig
Pam Cunningham
815.289.4924
608.295.5181
815.670.6446
815.505.8336
815.871.6333
815.742.2265
815.871.3604
815.519.2969
608.290.1924
815.742.5092
815.985.8806
815.289.6323
Kathleen Davis
Chrissy Dawson
Kristel Despot
Michelle Dollak
Jay Dowthard
David Edwards
Penny Edwards
Linda Elliott
Mark Fiorello
Kevin Fisher
Rose Gagnon
Frank Gambino
815.978.0606
815.985.5649
815.871.6610
815.988.4363
815.289.7530
815.543.5688
815.703.0586
815.988.8954
815.670.4129
815.494.9595
815.262.7766
815.637.0113
Michael Gambino
Karl Gasbarra
Jim Grindle
Michael Hakanson
Brent Hammack
Carol & Andy Harkin
Laura Haynes
Kathy Heeren-Ellis
Bob Hendershot
Claudia Hernandez
Bryan Holder
Mikhaele Howell
815.978.0845
815.975.4218
815.980.5908
815.509.8518
815.509.5101
815.540.8908
815.985.1115
815.708.4061
815.988.7094
815.262.7472
815.543.1232
815.871.6787
Cheryl Jacobs
Jill Jarek
Karen Johnson
Robert Jones
Dawn Karns
Debbie Kenny
Barb Key
Matt Koch
Terri Koester
Jonathan Krause
Angie Leiva
Miguel Lobato
815.494.4956
815.621.5255
815.979.6470
815.509.4248
815.494.6507
815.218.3268
815.494.9626
815.543.7945
815.540.8600
815.262.5226
815.742.6010
815.494.7905
12 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
Vita Locarno
Team Lunde
Katie Matherly
Lyle McKinney
Diane Meltmar
Lilia Mendoza
Ginny Meyer
Gonzalo Montoya
Bonnie Moore
Trena Morse
Craig Olafson
Olivia Olson
815.742.0825
815.985.9522
815.218.8151
815.543.2008
815.540.3259
815.323.8904
815.262.8082
815.540.0003
815.243.4502
815.980.4892
224.229.8258
815.209.6393
David Palmer
Connie Paris
Minesh Patel
Heather Porter
Ruth Premo
Juanita Rinaldo
Keith Ruiz
Luis Sancho
Benjamin Schulz
Kimberly Schwartz
Team Schwartz
Mary Shreve
815.566.2437
815.222.6076
646.284.2875
815.988.7443
815.978.5613
815.979.2877
815.985.0870
815.494.4536
815.527.2100
815.977.1919
815.914.7576
815.262.7726
Teresa Shreve
Jayson Shull
Tracy Suyko
John Sweeney
Jackie Tabor
Jessica Tabor
Vikki Turnmire
Barbara Urycki
Lan Vaughn
Pat Versack
Ashley Vuong
Tracy Wallschlaeger
815.289.3362
815.978.6489
815.289.1130
815.262.5769
815.520.6134
815.980.1879
815.608.7229
815.505.2064
815.608.6137
815.262.4999
815.980.0197
815.988.5281
Mike Weerda
John Weiland
Carol Williams
Dale Williams
Marcia Williams
Melody Williams
Marj Wollschlager
Stefanie Yarber
Team Zarembski
Brad Zimmerman
815.985.2895
815.494.6214
815.494.7812
815.519.2243
815.298.1098
815.505.9284
815.621.3124
815.995.0836
815.218.9210
815.985.2830
Find AN AGENT TODAY At www.GoGambino.com 3815 North Mulford Road Rockford, IL 61114 PH 815.282.2222 5330 Williams Drive Roscoe, IL 61073 PH 815.623.3333 www.GoGambino.com
www.GoGambino.com | 13
Residential Single Family
2730 Newbury Lane Caledonia $569,500 4 BD | 3 BA | 3,500 SQ FT
Karl Gasbarra 815.975.4218
846 Wood Ridge Lane Caledonia $467,000 3 BD | 4 BA | 4,117 SQ FT
Jean Campbell 815.505.8336
222 Jones Way Poplar Grove $419,900 5 BD | 3/1 BA | 3,862 SQ FT
12520 Tweed Drive | Loves Park 5 BD | 3/2 BA | 4,007 SQ FT Retreat to your 4,000(+) square foot, two-story abode in Inverness. This lovely home boasts an excellent floorplan for entertaining as well as privacy when you so desire. The first floor is complete with a formal dining room, an office with French doors, a huge laundry room, and a walk-in pantry. The well-appointed kitchen has an island, stainless appliances, a beautiful tile backsplash, and spills over into the family room, where you can cozy up to the gas fireplace. You are invited to enjoy the outdoor space on the gorgeous deck with a fire pit and pergola on a paved brick patio through sliders. The finished lower level is very generous in size with a wet bar, wine fridge, rec room, exercise room, and fifth bedroom with private bath.
David Bowers 815.520.4091
Cheryl Jacobs 14 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
815.494.4956 cjacobs@GoGambino.com
$319,000
Residential Single Family
1208 Belvidere Road Belvidere $289,900 4 BD | 2/1 BA | 2,456 SQ FT
Juanita Rinaldo 815.979.2877
402 Scarlet Oak Drive Poplar Grove $269,000 4 BD | 2/1 BA | 3,118 SQ FT
Jay Dowthard 815.2589.7530
174 N. Pier Drive Machesney Park $265,000 3 BD | 3 BA | 1,924 SQ FT
Mikhaele Howell
3208 Spring Creek Road | Rockford
$265,000
4 BD | 3/1 BA | 3,852 SQ FT Enter through the double doors into the foyer that leads you to multiple areas of this completely remodeled home. The large living/dining room combo and hall leads to the fourth bedroom, full bath, and laundry room to the left. Straight ahead is the family room with fireplace and the gorgeous kitchen with white/gray cabinetry, granite counters, tons of storage, and an eating area. French doors open to a three-season room with a second fireplace and patio. You are led to the main bath shared with a master bedroom suite that includes a walk-in closet and dressing area to the right from the foyer. The lower level features a spacious rec room, bath, office, and storage rooms. This home is situated on a large, wooded lot with plenty of parking for guests.
815.871.6787
David Palmer 815.566.2437 dpalmer@GoGambino.com
www.GoGambino.com | 15
STUNNING TWO-STORY
1652 Lancaster Lane | Caledonia | 5 BD | 4/1 BA | 5,741 SQ FT | $799,000
ATTENTION TO DETAIL THROUGHOUT
Stunning two-story home with five bedrooms, four and a half baths, and a four and a half car heated garage. Gourmet maple kitchen with custom granite, stainless-steel appliances, wine fridge, cooktop with overhead exhaust, wall oven, microwave and warming drawer, butler’s pantry, wet bar, and snack bar. The spacious great room has a wall of windows overlooking the private deck and a beautiful inground pool with a privacy fence. A first-floor master is sure to please with a sitting area, cozy fireplace, and ensuite with a whirlpool tub, walk-in shower, double vanity sinks, private toilet, and bidet. The fully exposed walk-out lower level features a wet bar, theater area, a fifth bedroom, full bath, and sliders to the lower covered deck and paver patio. This home is well fitted with all the extras, including extensive lighting and underlighting throughout, Brazilian cherry floors, outdoor speakers in the pool area, professional landscaping, yard irrigation, and so much more.
Barb Key 815.494.9626 bkey@GoGambino.com
www.GoGambino.com | 17
ROOMY FLOOR PLAN 7598 Brookeborough Lane | Rockford | 3 BD | 2/1 BA | 2,040 SQ FT | $365,000
THE DETAILS SHINE THROUGHOUT
Immaculate, better than new open concept ranch awaits you to create lasting memories. With custom finishes inside and out, attention to detail was well spent. The split bedroom floorplan includes a massive kitchen open to the dining area and great room. Your new chef’s kitchen comes with high-end appliances, granite, glass tile backsplash, a wine cooler, a separate pantry, and an eight-foot peninsula for seating. Enjoy the nine-foot ceilings throughout, as well as the 11-foot ceiling in the great room. The large master with ensuite exudes elegance with the eightfoot tile shower boasting heated tile floors and dual showerheads. The lower level with egress is framed and insulated for a large rec room, bar, workout area, fourth bedroom, and third full bath. Enjoy your afternoons on the gorgeous screened-in porch and stamped concrete patio. This home has so much to love, including the custom lighting, millwork, doors, heated and insulated garage, stacked stone fireplace, and excellent location.
Kathy Heeren-Ellis 815.708.4061 kheerenellis@GoGambino.com
www.GoGambino.com | 19
MOVE-IN READY
7426 Ashton Villa | Rockford | 3 BD | 2/1 BA | 1,572 SQ FT | $192,500
GREAT HOME IN GREAT LOCATION
Move right in to this well-cared-for, three-bedroom home. Enjoy relaxing or entertaining in the spacious living room with a vaulted ceiling. A good-sized eating area opens to the updated kitchen with granite countertops, kitchen island with butcher block top, and all appliances stay. The large sliders lead out to the gorgeous back deck. The main level conveniently includes a laundry and a half bath. The three bedrooms with excellent closet space are located upstairs with a spacious hall bathroom. Escape to the well-appointed master with a private bathroom after a long day. A large, open basement with an egress window is ready for your finishing touches. The roof and gutters are new. Kitchen appliances and water softener are five years old. This home comes with low maintenance vinyl exterior, lots of curb appeal, and a three-car garage. Close to I 90, shopping, parks, and restaurants.
Mikhaele Howell 815.871.6787 mhowell@GoGambino.com
www.GoGambino.com | 21
Residential Single Family
1667 Divine Drive | Rockford
$415,000
4182 Dawson Lake Road | Poplar Grove
$335,000
5 BD | 3 FULL BA | 1 HALF BA | 3,273 SQ FT
3 BD | 2 FULL BA | 1 HALF BA | 2,296 SQ FT
This luxurious open concept home has upgrades and custom features throughout. You are greeted by an elegant two-story hardwood foyer and adjacent dining room, which would make a lovely living room or den as well, depending on your needs. The custom kitchen is appointed with maple cabinets, granite counters, stainless steel appliances, a huge breakfast bar with striking white support columns, ceramic tile flooring, and a sun-filled informal dining area large enough to accommodate family and friends.
Welcome home to six wooded acres of wildlife, serenity, and an abundance of oak, hickory, and maple trees. Zoned Agricultural for horse lovers! Eat-in kitchen with a full complement of stainless appliances, new cabinetry, and granite. Beautiful views from every room. Master with remodeled ensuite. Rustic styled family room with wood burning fireplace and seating area. New deck and above-ground pool. Newer roof, water heater, water softener, pressure tank, furnace, central air, and light fixtures.
Karl Gasbarra
Cheryl Jacobs
815.975.4218 karl@GoGambino.com
815.494.4956 cjacobs@GoGambino.com
22 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
1730 North Mulford Road Rockford $475,000 3 BD | 2/1 BA | 3,388 SQ FT Stunning views of nature surround you from all angles. Woods, creek, wildlife, beautiful landscaping all aglow outside the walls of windows. The carefully planned design melds the home and property together for no obstruction to the view. Custom quality upgrades including 12-foot ceilings, maple hardwood, cherry cabinetry, Jenn Air appliances, granite counters, and a cozy fireplace. The wide-open, flexible floor plan allows you to use the space as you like. The kitchen includes open shelving, glass doors, and a breakfast bar. The main floor master and bath has a tiled walk-in shower and large vanity planned for maximum counter space. A covered deck with tile flooring allows you to enjoy the views in all weather. The walk-out lower level is full of windows and features a family room, two bedrooms, a full bath, and an office. Enjoy the secluded 2.33 acres of paradise tucked away in the center of town.
Pam Cunningham 815.289.6323
TRANQUIL RETREAT
13068 Red Rose Trail Roscoe $468,000 4 BD | 3/1 BA | 3,559 SQ FT Stunning ranch home in Promontory Ridge. This custombuilt home includes a lovely open floor plan with exotic Brazilian hardwood floors in the entry, dining room, great room, and bedroom. The gorgeous kitchen has tons of maple cabinetry, a 10’ x 5’ center island, stainless steel appliances, granite countertops, and a pantry with pull-out shelving. The great room offers a magnificent fireplace and plenty Through The Eyes of space for entertaining. The of Ginny Meyer lower level is complete with a rec room, bedroom, bath with tile surround, a wet bar, and an office with a large closet. Outdoors you will find a 450 square foot composite deck, beautiful landscaping, large yard, sprinkler system, and many mature trees. Enjoy the sunroom relaxing and admiring the peaceful views. This home will not disappoint.
LIFE ON THE FARM
Tracy Wallschlaeger 815.988.5281
CUSTOM-BUILT RANCH
TODAY’S REAL ESTATE MARKET EXPLAINED THROUGH FOUR KEY TRENDS
As we move into the second half of the year, one thing is
on what terms are best for you and what’s most appealing to
clear: the current real estate market is one for the record
the seller.
books. The exact mix of conditions we have today creates opportunities for both buyers and sellers. Here’s a look at four
Home Price Appreciation
key components that are shaping this unprecedented market.
The competition among buyers is driving prices up. Over the past year, we’ve seen home price appreciation rise across the
A Shortage of Homes for Sale
country. According to the most recent Home Price Index
Earlier this year, the number of homes available for sale fell to
(HPI) from CoreLogic, national home prices increased 15.4%
an all-time low. In recent months, however, inventory levels
year-over-year in May: “The May 2021 HPI gain was up from
are starting to trend up. The latest Monthly Housing Market
the May 2020 gain of 4.2% and was the highest year-over-year
Trends Report from realtor.com says: “In June, newly listed
gain since November 2005. Low mortgage rates and low for-
homes grew by 5.5% on a year-over-year basis, and by 10.9%
sale inventory drove the increase in home prices.”
on a month-over-month basis. Typically, fewer newly listed homes appear on the market in the month of June compared
Rising home values are a big part of why real estate remains
to May. This year, growth in new listings is continuing later
one of the top sought-after investments for Americans. For
into the summer season, a welcome sign for a tight housing
potential sellers, it also means it’s a great time to list your
market.”
house to maximize the return on your investment.
This is good news for buyers who crave more options. But
A Rise in Home Values and Equity
even though we’re experiencing small gains in the number
The equity in a home doesn’t just grow when a homeowner
of available homes for sale, inventory remains a challenge
pays their mortgage – it also grows as the home’s value
in most states. That’s why it’s still a sellers’ market, giving
appreciates. Thanks to the jump in price appreciation,
homeowners immense leverage when they decide to make a
homeowners across the country are seeing record-breaking
move.
gains in home equity. CoreLogic recently reported: “… homeowners with mortgages (which account for roughly 62%
Buyer Competition and Bidding Wars
of all properties) have seen their equity increase by 19.6% year
Today’s ongoing low supply, coupled with high demand,
over year, representing a collective equity gain of over $1.9
creates a market characterized by high buyer competition and
trillion, and an average gain of $33,400 per borrower, since
bidding wars. Buyers are going above and beyond to make
the first quarter of 2020.”
sure their offer stands out from the crowd by offering over the asking price, all cash, or waiving some contingencies. The
That’s a major perk for households to leverage. Homeowners
number of offers on the average house for sale broke records
can use that equity to accomplish major life goals or move
this year – and that’s great news for sellers.
into their dream homes.
The latest Confidence Index from the National Association
If you’re thinking about buying or selling, there’s no time like
of Realtors (NAR) says the average home for sale receives
the present. Call Gambino Realtors at 815.282.222 to discuss
five offers (see graph below):For buyers, the best way to put
how you can take advantage of the conditions we’re seeing
a compelling offer together is by working with a local real
today to meet your homeownership goals.
estate professional. That agent can act as your trusted advisor
www.GoGambino.com | 25
Title Underwriters Agency it’s not a closing it’s an opening to relationships to finding answers to getting solutions Waterside Center 126 North Water Street Rockford, IL 61107 815.964.9800 Mulford Office 1235 North Mulford Road Rockford, IL 61107 815.227.9800 Roscoe Office 4908 Hononegah Road Roscoe, IL 61073 815.623.3400 Belvidere Office 417 South State Street Belvidere, IL 61008 815.544.2222 www.TitleUnderwriters.com
KEY QUESTIONS TO ASK YOURSELF BEFORE BUYING A HOME
1 2 3
What’s Going on With Home Prices?
Are Today’s Low Mortgage Rates Going to Last?
Why is Homeownership Important to You?
continued on next page www.GoGambino.com | 27
S
ometimes it can feel like everyone
The graph below shows just how much experts
has advice when it comes to buying a
are forecasting prices to rise this year.
home. While your friends and loved ones may have your best interests
Continued price appreciation is great news
in mind, they may also be missing crucial
for existing homeowners but can pose a
information about today’s housing market that
significant challenge if you wait to buy. Using
you need to make your best decision.
these forecasts, you can determine just how much waiting could cost you. If prices increase
Before you decide whether you’re ready to buy
based on the average of all forecasts (12.46%),
a home, you should know how to answer these
a median-priced home that cost $350,000 in
three questions.
January of 2021 will cost an additional $43,610 by the end of the year.
1. What’s Going on with Home Prices? What does this mean for you? Put simply, with Home prices are one factor that directly
home prices increasing, the longer you wait,
impacts how much it will cost to buy a
the more it could cost you.
home and how much you stand to gain as a homeowner when prices appreciate.
2. Are Today’s Low Mortgage Rates Going to Last?
3. Why Is Homeownership Important to You?
Another significant factor that should inform
The final question is a personal one.
your decision is mortgage interest rates.
Before deciding, you’ll need to understand
Today’s average rates remain close to record-
your motivation to buy a home and why
lows. Much like prices, though, experts forecast
homeownership is an important goal for you.
rates will rise over the coming months, as the
The financial benefits of owning a home are
chart above shows.
often easier to account for than the many emotional ones.
Your monthly mortgage payment can be significantly impacted by even the slightest
The 2021 National Homeownership Market
increase in mortgage rates, which makes the
Survey shows that six of the nine reasons
overall cost of the home greater over time
Americans value homeownership are because
when you wait.
of how it impacts them on a personal, aspirational level.
28 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
The survey says homeownership provides:
which impacts their lives and how they feel daily.
• Stability • Safety
Homeownership is life-changing, and buying
• A Sense of Accomplishment
a home can positively impact you in so many
• A Life Milestone
ways. With any decision this big, it helps to
• A Stake in the Community
have a trusted advisor by your side each step of
• Personal Pride
the way.
The National Housing & Financial Capability
If you’re ready to begin your journey toward
Survey from NeighborWorks America
homeownership, let’s connect to discuss your
also highlights the emotional benefits of
options and begin your journey. Call Gambino
homeownership (See Chart Below).
Realtors at 815.282.2222.
Clearly, there’s a value to homeownership beyond the many great financial opportunities it provides. It gives homeowners a sense of pride, safety, security, and accomplishment -
www.GoGambino.com | 29
PRIVATE ABODE
4660 Chesterfield Avenue | Rockford | 3 BD | 3 BA | 2,278 SQ FT | $165,000
IMMACULATE AND MOVE-IN READY
Stunning home with a large living room, family room, and bonus room for entertaining. A lovely outdoor oasis that is fenced to enjoy nature and comes with a dog door and run. Just move in and enjoy the many amenities of this home. Many updates include a finished basement with lots of space, countertop/cabinets for extra storage, refrigerator and freezer, sub pump with transformer, and battery backup. Enjoy the views of your private fenced backyard from the 12’ x 12’ wood deck covered with rubber bricks or from the 10’ x 12’ extra concrete patio space. Updates include: a complete kitchen remodel in 2010 with granite countertop, glass tile backsplash, “bumped out” sink, practical storage, ceramic tile, sliding door with security lock, new HVAC 2010, new hot water heater 2021, new front door 2012, central air with new freon 2015, complete tear-off and reroof in 2018, and garage walls/ceiling insulated 2021. Don’t miss out on this wonderful opportunity.
Team Zarembski 815.218.9210 tzarembski@GoGambino.com
www.GoGambino.com | 31
LET GAMBINO HELP YOU SELL YOUR HOUSE t o g e t h e r
Residential Single Family
815 Tuneberg Drive | Belvidere
$290,000
15787 E. Oak Tree Drive | Davis Junction
$230,000
4 BD | 2 FULL BA | 1 HALF BA | 2,614 SQ FT
3 BD | 2 FULL BA | 1 HALF BA | 2,760 SQ FT
This home has so much to offer, ample room to grow, and an excellent cul de sac location. Nestled on one acre and encompassing 2,614 square feet, you will find four bedrooms, two and a half baths, a spacious master, a four-car garage with a workshop, and a beautiful sunroom. In addition to all the major upgrades, you can bring your furry friends and keep them secure with the underground pet fencing already in place. Move in and enjoy the outdoors all summer from your wood deck.
Welcome to your private piece of serenity in this gorgeous, open concept abode nestled amid lush green grounds. Relax by the fireplace and enjoy a wonderful evening outdoors from the huge deck, or create a delicious meal in the spacious kitchen. The three bedrooms are generous in size, offering ample room to grow. Open and airy inside and out, this home can accommodate even the pickiest of buyers.
Karen Barbagallo
Kevin Fisher
815.988.5577 kbarbagallo@GoGambino.com
815.494.9595 kfisher@GoGambino.com
www.GoGambino.com | 33
Residential Single Family
3 BD | 3 BA | 2,689 SQ FT | $410,000
4 BD | 2/1 BA | 2,624 SQ FT | $369,900
4 BD | 2/1 BA | 3,258 SQ FT | $330,000
9756 Belvidere Road | Roscoe
3597 Prairie Road | Belvidere
2798 Braddock Court | Rockford
Unique one owner Roscoe property. Spacious, park-like setting on five acres. Minutes from downtown Roscoe and I-90. Enjoy the wildlife and landscaped ponds through the wall of windows throughout the home.
Lovely two-story with beautiful foyer and dual staircase. Refinished hardwood floors, newer carpet and tile. Family room with wood fireplace and gas starter. Expandable walkout lower level with nine foot ceilings.
Traditional home on 2/3 acre in rural Rockford. Updated kitchen with island. Beautiful hardwood floors flow to great room which was expanded in 2014. Sliders open to patio and inground pool added in 2015.
Carson Breed | 815.871.5131
Jean Campbell | 815.505.8336
Diane Meltmar| 815.540.3259
3 BD | 2 BA | 3,150 SQ FT 3 BD | 2 BA | 2,598 SQ FT | $325,000
4 BD | 3/1 BA | 3,962 SQ FT | $319,000
4 BD | 2/2 BA | 3,900 SQ FT | $309,900
6475 Sentinel Road | Rockford
1918 Eden Place | Rockford
3075 E. Water Road | Byron
Custom home located at the end of a no outlet road on Aldeen golf course 16th fairway. The beautiful fiberglass, lighted, saltwater pool was installed in 2014. The outdoor oasis includes garden shed, workshop, deck, and patio.
Two-story foyer with chandelier. Marble living room. Foyer, dining room, and kitchen feature oak flooring. Family room with fireplace and French doors to deck overlooking lovely yard.
Multi-level, 3,600 square feet of living space on one acre. Lovely kitchen and dining room with access to upper deck. Family room with wood stove. Stamped concrete patio. Shed with loft.
Keith Ruiz | 815.985.0870
Jean Campbell | 815.505.8336
Jean Campbell | 815.505.8336
34 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
Residential Single Family
3 BD | 3/1 BA | 4,178 SQ FT | $300,000
3 BD | 3/1 BA | 1,731 SQ FT | $260,000
4 BD | 3/1 BA | 3,158 SQ FT | $259,900
1246 Revere Ridge Road | Rockford
2203 Cerro Vista Court | Rockford
5430 Roanoke Road | Rockford
This home features a large, open great room with a fireplace and slider to a screened porch to have your morning coffee. Nicely finished lower level for a movie or game night with your family and friends.
Unique, three-story/multi-level, contemporary custom built home on 1/3 acre wooded cul-de-sac lot. Features include vaulted ceilings, palladium top windows, central vac, private deck and full walkout lower level.
Main house with three bedrooms, two baths, with open design. In-law suite with private entrance, family room, kitchen, bedroom and bath. Soaring ceiling and skylights make it light, open and airy. Private, fenced yard.
Kevin Fisher | 815.494.9595
Robert Jones | 815.509.4248
Frank Gambino| 815.637.0113
3 BD | 2 BA | 3,150 SQ FT 4 BD | 2/1 BA | 2,164 SQ FT | $255,000
3 BD | 2 BA | 1,815 SQ FT | $250,000
3 BD | 3 BA | 2,014 SQ FT | $248,900
3120 Kregel Drive | Rockford
8466 Crooked Bend Road | Machesney Park
4866 Crested Butte Trail | Rockford
Gleaming hardwood family room with wood burning stove. French doors to den. Formal dining. Large eat-in kitchen with pantry. Sliders to deck surrounding 24 foot round pool. Manicured lot backs to green space.
Beautiful upgraded ranch nestled on low traffic street with no neighbors behind. Nine foot ceilings. Spacious eat-in kitchen. Master suite with large walk-in closet. First floor laundry. Three car attached garage.
All brick ranch on a desirable corner lot. Large eat-in kitchen with lots of counter space and cabinets. Formal dining room. Living room and family room with fireplace. New roof, furnace and central air 2020.
Mary Shreve | 815.262.7726
Team Lunde | 815.985.9522
Scot Craig | 815.985.8806 www.GoGambino.com | 35
PICTURE PERFECT
1626 Roncevalles Avenue| Rockford | 2 BD | 1/1 BA | 1,506 SQ FT | $157,500
TIMELESS STYLE THROUGHOUT
This picture-perfect home was totally renovated in 2011, so everything is new. Feel the warmth of the radiant heated floors throughout with the convenient main-level living lifestyle. The beautiful hall bath boasts a supersize tiled shower with dual showerheads. The spacious kitchen has stainless steel appliances and granite. Custom window treatments add a cozy and stylish feel throughout the interior. The bedrooms are generous in size, and the outdoor space is breathtaking. Enjoy the convenience of heated sidewalks, a heated garage, yard irrigation, and a private courtyard setting for your morning coffee and stargazing.
Karen Barbagallo 815.988.5577 kbarbagallo@GoGambino.com
www.GoGambino.com | 37
11105 Chicory Ridge Way Roscoe $372,500 4 BD | 3/1 BA | 3,622 SQ FT Escape to this beautiful retreat and relish the spacious layout, neutral color palette, and impeccable renovations to create a move-in-ready home. This home feels like it is brand new, recently renovated inside and out, with top-of-the-line fixtures and materials. The chef’s delight kitchen comes complete with custom-built, exclusively designed kitchen cabinets and countertops. A second kitchen in Through The Eyes the lower level adds extra spaceof Ginny Meyer for creating delicious meals with family and friends. Bedrooms are generous in size, and the master suite feels like a spa. The lush grounds have been meticulously maintained, creating a peaceful atmosphere. If comfort, ease, and grace are attributes in the home you are searching for, then look no further – you can indeed find it all right here.
LIFE ON THE FARM
Pat Bellinghiere 815.871.1745
RENOVATED AND FRESH
4390 Ruskin Road Rockford $349,900 5 BD | 3/1 BA | 4,326 SQ FT Exclusive home in Country Creek subdivision on 4.14 wooded acres personally designed and built by Nick Rakuc. There is over 4,200 square feet of living space, including a 1,200 square foot in-law suite with living room, kitchen, bedroom, bath, private deck, and garage. Vaulted ceilings in the living room, dining room, family room, and kitchen. The family room has hardwood floors, a fireplace with built-in cabinets, Through Eyes of Ginny Meyer and professional glass The installation over the fireplace as featured in architectural magazine. First floor master with updated bath and walk-in closet. Balcony overlooks the living room and dining room. Laundry/mudroom off the garage with sink, bench, and oversized closet plus a half bath off garage. Private, enclosed, screened porch within the wrought iron fenced courtyard with water feature and separate deck in back.
LIFE ON THE FARM
Mikhaele Howell 815.871.6787
WOODED RETREAT
YUMMY by Gambino
40 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
EASY CARAMEL APPLE BARS PRESENTED BY KATHY HEEREN-ELLIS Nothing says Fall like a great apple bar! These caramel apple bars are easy to bake and are prefect for breakfast or dessert. For breakfast - warm up and serve with a side of yogurt. For dessert - warm and enjoy with a scoop of ice cream or whipped cream! Refrigerate for long lasting enjoyment.
INGREDIENTS 1/2 Cup cold butter 1 Pouch (1 lb 1.5 oz) dry oatmeal cookie mix 1 Egg 1 Cup finely chopped peeled apple** 3/4 Cup caramel topping 1/4 Cup all-purpose flour **Substitute one can of apple pie filling for quick and easy preparation
DIRECTIONS Heat oven to 350°F. Spray bottom of 13x9-inch pan with cooking spray. In large bowl, cut butter into cookie mix using fork or pastry blender. Stir in egg until mixture is crumbly. Reserve 1 1/2 cups cookie mixture. Press remaining cookie mixture into bottom of pan. Bake 15 minutes. Sprinkle apple evenly over crust. In small bowl, mix caramel topping and flour; drizzle over apples. Sprinkle reserved cookie mixture over apples. Bake 20 to 25 minutes or until golden brown. Cool completely, about 2 hours. For bars, cut into 9 rows by 4 rows. www.GoGambino.com | 41
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9609 Forest Hills Rd. Machesney Park, IL
815.229.3223
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1234 National Avenue Rockford $299,000 4 BD | 4/1 BA | 2,544 SQ FT
LIFE ON THE FARM Through The Eyes of Ginny Meyer
BARLOGA ON NATIONAL
Built in 1949 by local architect Jesse Barloga for his wife, this home is approximately 2,544 square feet of charm and character. New hardwood floors add a modern flair, while the large kitchen with granite countertops and backsplash, gas cooktop, stainless steel range hood, and two wall ovens are a chef’s dream come true. Entertain in the dining area off the kitchen with a wall of windows overlooking the fenced backyard. Large living room with fireplace surrounded by builtin bookcases opens into family room overlooking the back yard. A large main floor master bedroom suite with a fireplace is a relaxing retreat. Working from home is comfortable with the office/library combo, featuring a built-in desk, cabinets, and bookshelves. Sneak away to the upper-level private loft areas with a fireplace to read a good book in the winter, and in the summer, sit back and relax on the deck and stone patio overlooking the professionally landscaped fenced back yard.
Diane Meltmar 815.540.3259
Residential Single Family
3 BD | 2/1 BA | 3,460 SQ FT | $245,000
3 BD | 3 BA | 2,679 SQ FT | $242,000
4 BD | 3/1 BA | 3,564 SQ FT | $239,900
4874 Squaw Valley Drive | Caldeonia
4063 Lake Shore Drive | Winnebago
2243 Jonquil Place | Rockford
Ample amounts of flexible living space on three levels. Huge master with double doors. Enjoyable four-season sun room. Fireplace and sliders to patio in family room. Spacious eat-in kitchen. Great curb appeal and location.
Custom granite fireplace. Maple kitchen with snack bar, granite and stainless appliances. Walls of windows. Master ensuite with his and her sinks, walk-in closets, and whirlpool tub. Finished lower level with bath.
Lovely, remodeled kitchen with granite counters, ceramic floors, and stainless appliances. Formal living room and dining room. Family room with wood burning fireplace. Hardwood floors throughout, and fenced in yard.
Team Lunde | 985.9522
Barb Key | 815.494.9626
Stefanie Yarber | 815.995.0836
3 BD | 2 BA | 3,150 SQ FT 4 BD | 3/1 BA | 3,420 SQ FT | $229,900
3 BD | 2/1 BA | 3,060 SQ FT | $224,900
3 BD | 2 BA | 2,331 SQ FT | $220,000
4787 Guilford Road | Rockford
5301 Gingeridge Lane | Rockford
3495 E. Summerfield Drive | Rockford
Two-story on almost an acre. Lots of trees make this your own preserve. Updated kitchen. Brazil KOA floors, three fireplaces, and jetted tub in master. Full walkout. New roof and furnace. Immaculate home. Move in and enjoy.
Spacious ranch nested on a cul-de-sac. Open design with volume ceilings. Warm kitchen with island. Formal dining room. Great room with fireplace. Large first floor laundry. Master suite with sitting area, bath, and closets.
Gorgeous ranch! Great room with gas fireplace open to eat-in kitchen. Sliders to darling screened porch. First floor laundry. Formal dining room. Master ensuite with whirlpool tub. Gorgeous gardens and landscaping.
Bonnie Moore | 815.243.4502
Frank Gambino | 815.637.0113
Cheryl Jacobs | 815.494.4956
44 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
Residential Single Family
4 BD | 3 BA | 3,469 SQ FT | $199,000
3 BD | 2/1 BA | 2,972 SQ FT | $195,000
3 BD | 2 BA | 1,766 SQ FT | $195,000
1663 Trainer Road | Rockford
6296 Timberlyne Way | Machesney Park
7284 Farmhome Lane | Cherry Valley
Formal living and dining rooms. First floor family room with gas fireplace. First floor laundry. Second kitchen in lower level with huge family room. Perennial gardens. Partial exposure. Full living quarters in lower level.
Open floor plan with great room, dining room, eat-in kitchen, and newer laminate flooring on the main floor. Sliding door to fenced back yard with a deck around the pool. Large family room on the second floor.
Living/dining room with fireplace. Family room with fireplace and built-in shelving. Kitchen with eating area. Master suite with full bath, double sinks. First floor laundry. Lower level ready to finish.
Barb Key | 815.494.9626
Barbara Carstens | 815.871.3604
David Palmer | 815.566.2437
3 BD | 2 BA | 3,150 SQ FT 4 BD | 3/1 BA | 2,879 SQ FT | $189,500
4 BD | 3 BA | 3,040 SQ FT | $189,000
3 BD | 2/1 BA | 1,380 SQ FT | $185,400
1123 Parkview Avenue | Rockford
5589 Guilford Road | Rockford
8460 Crooked Bend Road | Machesney Park
View of golf course from living room picture window. Gorgeous bamboo flooring. Natural light throughout. Marble surround fireplace and first floor family room/ den. Formal living and dining rooms. Organic garden.
Large ranch with full exposure. Master suite with double closets, and bath. Lower level rec room, built-in cabinets, bar, bedroom, and bath. Possible home office business with separate entrance, waiting room/private office.
Beautiful home on lovely lot with no neighbors behind. Ultra convenient location near 173 corridor and quick access to I-90. Great room ranch with spacious master suite. Freshly painted. Fenced yard. Don’t miss out.
Cheryl Jacobs | 815.494.4956
David Palmer | 815.566.2437
Team Lunde | 815.985.9522 www.GoGambino.com | 45
2903 Carefree Drive Rockford $259,900 3 BD | 2/1 BA | 2,221 SQ FT Beautifully appointed home with full exposure offers the perfect blend of homeownership and carefree living. Contemporary with traditional flair, this home features soaring ceilings and is bathed in sunlight. Situated on a 1/3 acre, wooded lot overlooking nature preserve, creek, and gardens. Open design perfect for entertaining. Gracious great room with stone wall and fireplace, and tons of windows. Incredible kitchen with custom glazed cabinets, Through The Eyes of granite, appliances, and an atrium eating area with two skylights. Master with ensuite, jetted tub, walk-in shower, fireplace, and private patio. Second bedroom with ensuite and private patio. Expanded two-tiered deck for nature lovers to relax and observe.
LIFE ON THE FARM
Cheryl Jacobs 815.494.4956
Ginny Meyer
WOODED PRIVACY
201 W. Winnebago Street Winnebago $250,000 4 BD | 1/1 BA | 2,219 SQ FT Fantastic find in the heart of Winnebago. Enchanting living and dining rooms with original crown molding, woodwork, builtin shelves, and more. Beautiful hardwood floors throughout the upstairs and downstairs with tons of natural light supported by the 57 windows and beautiful sunroom on the east side of the house that can be used for a reading room or just relaxing. Upstairs features the master bedroom and two additional bedrooms Throughalong The with Eyes of the full bath. The fourth bedroom is on the main floor and can be used as an office or bedroom. There is a two-car detached garage that you access from the alley. The yard is completely fenced in by shrubbery and a fence for that nice private feel. This gem sits on a nice-sized corner lot just one block away from downtown Winnebago and across the street is a grade school and a church for convenience.
LIFE ON THE FARM
Mike Weerda 815.985.2895
Ginny Meyer
ENCHANTING BRICK HOME
Residential Single Family
3 BD | 2/1 BA | 2,596 SQ FT | $185,000
3 BD | 2 BA | 1,256 SQ FT | $179,900
4 BD | 2/1 BA | 2,990 SQ FT | $180,000
6093 Cranbrook Lane | Rockford
13889 Baumgartner Trail | Rockton
12375 N. Ledges Drive | Roscoe
Freshly painted inside and out two-story home. Eat-in kitchen with breakfast bar. Large family room with wood/ gas fireplace leading to deck and beautifully landscaped, fenced back yard.
Meticulously maintained three bedroom, two bath ranch home in the Hononegah School District. Large great room with fireplace is perfect for relaxation and movie nights. Enjoy the seasons on the spacious deck.
Frank Lloyd Wright inspired multi-level on a wooded lot. This home is a diamond in the rough. Great opportunity for an investor or home owner who has the energy and ideas to bring life back to this property.
Barbara Carstens | 815.871.3604
Tracy Wallschlaeger | 815.988.5281
Karl Gasbarra | 815.975.4218
3 BD | 2 BA | 3,150 SQ FT 3 BD | 2/1 BA | 1,476 SQ FT | $179,000
4 BD | 2 BA | 2,194 SQ FT | $178,000
3 BD | 1/1 BA | 2,063 SQ FT | $169,900
12253 Barberry Drive | Winnebago
101 NE New Foundland Place | Poplar Grove
2040 Jonquil Place | Rockford
Westlake home nestled on large corner lot. Main floor master suite with two bedrooms and full bath up. Spacious eat-in kitchen with stainless appliances, wood burning fireplace ,and attached three car garage.
Open floor plan, volume ceiling, main floor hardwood, cabinet friendly kitchen, nine foot slider to huge wrap around deck, perfect for entertaining. Sub features lake, pool, golf, and clubhouse.
Beautiful ranch located in a sought after neighborhood close to shopping and restaurants. The windows, furnace, central air, water softener, water heater, concrete drive, walkways , and patio are all new.
Team Lunde | 815.985.9522
Dawn Karns | 815.494.6507
Tony Badaluco | 815.985.4190
48 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
5115 Hamlet Circle Byron $249,900 4 BD | 3 BA | 2,259 SQ FT Beautiful, custom tri-level in Nordic Woods tucked away on one acre, cul-de-sac lot. This home boasts hardwood floors and an updated kitchen with Quartz countertops and baths. The master suite is wellappointed and offers a generous amount of space to relax and get a good night’s sleep. The lush grounds are spectacular and filled with many perennials so that you can enjoy color and serenity right at home. A lovely sunroom off the familyThrough room is inviting on of The Eyes those sunny mornings where you can enjoy a cup of tea or coffee in private. This home is in an excellent location and offers much-needed space to revel in the peaceful grounds throughout the seasons.
LIFE ON THE FARM
Connie Paris 815.222.6076
Ginny Meyer
SECLUDED TRI-LEVEL
Residential Single Family
$160,000 3 BD | 1/1 BA | 1,396 SQ FT
$159,900 3 BD | 2/1 BA | 2,032 SQ FT
$159,900 3 BD | 1/1 BA | 2,586 SQ FT
$159,900 3 BD | 2 BA | 1,552 SQ FT
$159,000 3 BD | 2 BA | 2,108 SQ FT
4120 North Port Drive | Rockford
407 N. Highland Avenue | Rockford
5027 Sedona Circle | Rockford
3541 Lansdale Drive | Rockford
737 Division Street | Pecatonica
Ann Brady | 815.289.4683
Scot Craig | 815.985.8806
Barb Key | 815.494.9626
Karen Barbagallo | 815.988.5577
Ginny Meyer | 815.262.8082
$155,000 4 BD | 2 BA | 2,010 SQ FT
$154,900 3 BD | 3 BA | 2,098 SQ FT
3455 Golden Prairie Avenue | Rockford
1813 W. Winchester Drive | Freeport
Minesh Patel | 646.284.2875
Mike Weerda | 815.985.2895
$154,900 3 BD | 1/1 BA | 1,720 SQ FT
$149,900 3 BD | 2 BA | 2,060 SQ FT
12031 Wagon Lane | Roscoe
5878 Rural Edge Drive | Roscoe
Bonnie Moore | 815.243.4502
John Sweeney | 815.262.5769
50 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
213 N. Highland Avenue Rockford $175,900 4 BD | 2/2 BA | 2,356 SQ FT Stunning, pristine, updated, brick and cedar Dutch colonial architecturally distinguished with its openness and large, bright rooms. A home for all seasons with different spaces. In winter, one is drawn to the living room with hardwood floors, lovely built-ins, and a fireplace open to the architecturally designed family room with an attractive dimensional ceiling, multi-textural wall effects, and 12’ slider to patio with breathtaking views Through The Eyes of the various gardens. Updated kitchen with tall, white cabinets, tons of Corian, large opening to the breakfast and family rooms. Expansive primary suite with a 12’ slider to a private deck overlooking the lovely gardens. Ensuite bath with peaked ceiling and skylight. In summer, one is drawn to the welcoming screened porch. The fantastic gardens and various patios provide different social spaces framed by a tall and unique privacy fence.
LIFE ON THE FARM
Ginny Meyer 815.262.8082
of Ginny Meyer
HOUSE OF GARDENS
UPDATED RANCH
110 Marquette Road | Machesney Park | 4 BD | 2 BA | 1,300 SQ FT | $149,900
FRESH PAINT AND FLOORS THROUGHOUT
Everything new with quality materials and workmanship in this lovely ranch home boasting over 1,300 square feet of finished space on one level. The master bedroom includes a private bath. Both bathrooms in the house have been fully remodeled with ceramic surrounds, marble counters, and upgraded fixtures. The kitchen has been remodeled with new cabinets, counters, fixtures, and stainless steel appliances. Enjoy the shade under the covered porch in the back with a 52’ x 20’ cement patio with a grill and island that is sure to be the talk of your parties. The fenced yard offers privacy for those intimate gatherings, while the updated interior welcomes family and friends to share a movie night. This immaculate home is move-in ready.
Miguel Lobato 815.494.7905 mlobato@GoGambino.com
www.GoGambino.com | 53
Residential Single Family
$149,900 3 BD | 2 BA | 2,048 SQ FT
$146,300 3 BD | 1 BA | 1,040 SQ FT
$145,000 3 BD | 1/1 BA | 1,984 SQ FT
$139,900 3 BD | 1 BA | 1,138 SQ FT
$138,500 3 BD | 2 BA | 1,684 SQ FT
3972 Ashwinton Way | Rockford
E1996 Highway 54 | Waupaca, WI
6479 Maeve Lane | Rockford
4423 Pinto Place | Rockford
3910 Pinecrest Road | Rockford
Jessica Tabor | 815.980.1879
Team Lunde | 815.985.9522
Team Schwartz | 815.914.7576
Juanita Rinaldo | 815.979.2877
Korky Williams | 815.494.7812
Need a thorough home inspection?
WE $129,900 3 BD | 2/1 BA | 2,100 SQ FT
$127,500 3 BD | 2/1 BA | 3,600 SQ FT
2009 Old Orchard Road | Rockford
2822 N. Rockton Avenue | Rockford
Linda Elliott | 815.988.8954
Mary Shreve | 815.262.7726
30 Years of Trust , KNowledge and Experience
Help you understand basic maintenance on your home Help you prioritize repairs and maintenance Computerized reports with detailed pictures SENTRILOCK access to properties Member of Rockford Area Realtors Member of International Association of Certified Home Inspectors Insured Guaranteed Completed Report in 24 hours
$126,500 3 BD | 2 BA | 1,687 SQ FT
$125,000 4 BD | 2/1 BA | 2,214 SQ FT
1411 Winthrop Lane | Rockford
3422 Latham Street | Rockford
Sandy Basel | 815.494.4132
Team Lunde | 815.985.9522
54 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
PUT YEARS OF EXPERIENCE TO WORK FOR YOU!
Trevor Karns - Owner|Certified Home Inspector 815.494.4189 | kinduetinspect@gmail.com | kinduet.com
Residential Single Family
$121 000 3 BD | 1/1 BA | 1,405 SQ FT
$120,307 3 BD | 1/1 BA | 1,566 SQ FT
$120,000 3 BD | 1 BA | 1,426 SQ FT
$120,000 3 BD | 1/1 BA | 1,970 SQ FT
$119,900 3 BD | 2 BA | 1,248 SQ FT
726 Sheridan Drive | Loves Park
3307 West Gate Parkway | Rockford
1604 Evans Avenue | Loves Park
2958 17th Street | Rockford
2617 Jackson Street | Rockford
Kathy Heeren-Ellis | 815.708.4061
Linda Elliott | 815.988.8954
Bonnie Moore | 815.243.4502
Gonzalo Montoya | 815.540.0003
Tracy Suyko | 815.289.1130
$118,000 3 BD | 1/1 BA | 2,264 SQ FT
$115,000 4 BD | 2/1 BA | 1,638 SQ FT
3314 Westgate Parkway | Rockford
1611 Fairview Court | Rockford
Ann Brady | 815.298.4683
Dale Williams | 815.519.2243
RADON IS A NATURAL GAS THAT IS: ODORLESS
COLORLESS
THE SECOND LEADING CAUSE OF LUNG CANCER
PROTECT YOUR FAMILY - TEST FOR RADON BEFORE YOU BUY $115,000 3 BD | 2 BA | 1,230 SQ FT
$108,000 3 BD | 1/1 BA | 2,078 SQ FT
6221 Walker Avenue | Loves Park
1912 Crestwood Avenue | Rockford
Ann Brady | 815.298.4683
Jay Dowthard | 815.289.7530
Servicing Rockford and The Surrounding Areas Radman Radon Testing Nick Huftalin | 815.721.4610 | radmanradon@gmail.com www.GoGambino.com | 55
Residential Single Family
2 BD | 1 BA | 1,540 SQ FT | $104,900
3 BD | 1/1 BA | 906 SQ FT | $99,000
2 BD | 1 BA | 896 SQ FT | $97,241
1019 Luther Avenue | Rockford
529 Marquette Road | Machesney Park
2414 Crosby Street | Rockford
Great home located in a desirable area. Updated kitchen with stainless appliances. The kitchen is open to the family room with sliders leading to the fenced back yard. Spacious living and dining. Finished lower level.
This three bedroom home is a lot bigger than it looks. Not only is there a huge living room/dining room, but there is also a great bonus room with lots of storage and sliders to terrific back yard. Great deck for relaxing. Two, very nice sheds and yard is fenced.
You’ll love this ranch with a custom designed kitchen. Charming, peaceful front porch. Updated bath. Open floor plan. Newer roof on home and garage, electric panel, water heater. Two car garage.
Jay Dowthard | 815.289.7530
Ann Brady | 815.298.4683
Linda Elliott | 815.988.8954
3 BD | 2 BA | 3,150 SQ FT 3 BD | 2 BA | 1,200 SQ FT | $89,900
3 BD | 1 BA | 1,901 SQ FT | $89,000
2 BD | 1 BA | 860 SQ FT | $86,000
2231 Paradise Boulevard | Rockford
1123 13th Street | Rockford
524 Liberty Boulevard | Machesney Park
Set on a double lot. Living and dining rooms with cove ceilings, wood beamed ceiling in kitchen with newer countertops, sink and dishwasher. New plank flooring in kitchen and hall. Newer carpeted family room.
Solid brick home nestled on a double lot. Updates include kitchen, windows, and roof. Partially finished lower level. Charming screen porch. Two garages provide space for toys. Won’t last long.
Move right into this home with fresh paint, new flooring, newer roof, vinyl siding, and windows. Large great room with cathedral ceiling. Fenced yard and garden shed. Hurry to see it before it is gone.
Lyle McKinney | 815.543.2008
Team Lunde | 815.985.9522
Ann Brady | 815.298.4683
56 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
Residential Single Family
$85,000 3 BD | 1/1 BA | 1,358 SQ FT
$85,000 2 BD | 1 BA | 964 SQ FT
$82,900 3 BD | 2 BA | 1,834 SQ FT
$82,000 3 BD | 1 BA | 1,442 SQ FT
$79,000 5 BD | 2 BA | 1,339 SQ FT
608 Shaw Street | Rockford
3107 Dartmouth Drive | Rockford
2316 Jonathan Avenue | Rockford
2228 Pierce Avenue | Rockford
3007 Arcadia Terrace | Rockford
Ann Brady | 815.298.4683
Team Lunde | 815.985.9522
John Weiland | 815.494.6214
Ann Brady | 815.298.4683
Ann Brady | 815.298.4683
$77,900 3 BD | 1 BA | 1,169 SQ FT
$76,900 1 BD | 2 BA | 1,170 SQ FT
$75,000 2 BD | 1 BA | 539 SQ FT
$74,000 3 BD | 2 BA | 1,400 SQ FT
$69,900 2 BD | 1 BA | 1,028 SQ FT
1901 Melrose Street | Rockford
212 Shaw Street | Rockford
429 Liberty Boulevard | Machesney Park
119 Club Circle | Belvidere
1510 Jackson Street | Rockford
Mikhaele Howell | 815.871.6787
Jim Grindle | 815.637.0104
Ann Brady | 815.298.4683
Scot Craig | 815.985.8806
David Bowers | 815.520.4091
$69,900 3 BD | 2 BA | 1,680 SQ FT
$69,900 6 BD | 2 BA | 2,180 SQ FT
$68,000 2 BD | 1 BA | 703 SQ FT
$65,000 2 BD | 1 BA | 493 SQ FT
$65,000 4 BD | 1 BA | 2,206 SQ FT
470 Wildflower Drive | Belvidere
1807 School Street | Rockford
2439 Wentworth Avenue | Rockford
514 Marquette Road | Machesney Park
611 N. Johnston Avenue | Rockford
Pam Cunningham | 815.289.6323
Heather Carter | 815.519.2969
Ann Brady | 815.298.4683
Ann Brady | 815.298.4683
Jay Dowthard | 815.289.7530
www.GoGambino.com | 57
Residential Single Family
$64,000 2 BD | 1 BA | 822 SQ FT
$62,900 3 BD | 2 BA | 1,680 SQ FT
$62,000 3 BD | 2 BA | 1,410 SQ FT
$60,000 4 BD | 1/1 BA | 796 SQ FT
$59,900 3 BD | 1 BA | 866 SQ FT
218 Cole Avenue | Rockford
2107 Iris Avenue | Belvidere
1329 6th Street | Rockford
1320 S. Church Street | Rockford
902 N. Central Avenue | Rockford
Jayson Shull | 815.978.6489
Scot Craig | 815.985.8806
Jean Campbell | 815.505.8336
Miguel Lobato | 815.231.4129
Lilia Mendoza | 815.323.8904
$59,900 3 BD | 2 BA | 1,485 SQ FT
$59,000 2 BD | 1 BA | 520 SQ FT
$55,000 2 BD |1 BA | 1,062 SQ FT
$55,000 4 BD | 1/1 BA | 2,296 SQ FT
$55,000 2 BD | 1 BA | 1,284 SQ FT
713 Elder Lane | Belvidere
414 E. Harlem Road | Machesney Park
4206 W. State Street | Rockford
1308 Ridge Avenue | Rockford
821 S. Winnebago Street | Rockford
Pam Cunningham | 815.289.6323
Ann Brady | 815.298.4683
Minesh Patel | 646.284.2875
Gonzalo Montoya | 815.540.0003
Lilia Mendoza | 815.323.8904
$50,000 2 BD | 1 BA | 1,198 SQ FT
$45,000 2 BD | 1 BA | 898 SQ FT
$41,500 3 BD | 1/1 BA | 1,421 SQ FT
$39,900 6 BD | 1/1 BA | 1,664 SQ FT
$19,000 2 BD | 1 BA | 840 SQ FT
2515 Glenwood Avenue | Rockford
832 Lapp Court | Rockford
604 N. Avon Street | Rockford
218 Forest Avenue | Rockford
5111 Cobblestone Lane | Loves Park
Barbara Carstens | 815.871.3604
Melody Williams | 815.505.9284
Team Zarembski | 815.218.9210
Jay Dowthard | 815.289.7530
Scot Craig | 815.985.8806
58 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
BUILDING DREAMS SINCE 1973
FLOOR PLANS
NEW BUILDS
FREE ESTIMATE
100 YEARS
We have a variety of ranch
We handle every step in
We know your home is an
With over 100 years
home plans as well as
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investment. That’s why we
combined experience, we
Two-story models. Looking
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offer free estimates. You
continue to strive for
for custom? We can do
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REACH OUT AND START THE PROCESS WITH US TODAY 1515 Elmwood Road Rockford, IL 61103 | 815.633.7619 | threehammer.com
l a u t ir Construction VNew
River Key Custom Ranch | 2,100 SQ FT
Prices Starting at the Mid $400,000’s
Strong demand for houses and record low inventory have created an entirely new real estate market for buyers to navigate. After years of excess inventory, buyers are now f inding themselves in a highly competitive market with a limited number of existing homes for sale. Gambino Realtors and Three Hammer Construction have come together to create a new solution: Virtual New Construction Listings.
River Key Custom 2-Story | 2,594 SQ FT
These Virtual New Construction Listings are examples of new construction residences that can be built on existing lots, to the buyer’s specif ications. There are several floor plans to choose f rom in various communities. These Virtual New Construction Listings can help you envision the home of your dreams and make it a reality. Virtual New Constructions are complete with many quality details and amenities. Allowances for items such as appliances, floor coverings, and light f ixtures enable you to customize your new home to suit your taste and style. Details and amenities for these builds include, but are not limited to:
Woodhaven Custom Ranch | 2,594 SQ FT
• 2 x 12 Floor Joists • 2x6 House Exterior Walls • Blacktop Driveway • Covered Patio • 200 AMP - 40 Circuit Electrical Service • Brushed Nickel or Oil-Rubbed Bronze Plumbing Fixtures • 90% Plus Side Draft Furnace • 15 S.E.E.R. Central Air • Direct Vent Gas Fireplace with Stone Face and Wood Surrounding • Low-E Vinyl Windows • Granite Counters in Kitchen and Baths • Soft Close Cabinet Doors and Drawers • Generous Allowances for Appliances, Flooring, and Lighting* Contact one of our Gambino agents to get started on the journey to your dream home! *Prices are valid as of the date of publication, and are for illustration only, as prices of lumber and other building materials fluctuate regularly. Prices do not include charges for optional upgrades. Please contact Listing Agent for specif ications and details. Brent Hammack 815.509.5101 bhammack@GoGambino.com
60 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
Woodhaven Custom 2-Story | 2,800 SQ FT
Vacant Land
80.00 ACRES | $720,000
36.79 ACRES | $360,000
21.14 ACRES | $199,900
0.71 ACRES | $101,250
0.35 ACRES | $98,750
XXXX Grove Road | Pecatonica
77XX S. Main Street | Rockford
83XX Friday Road | Davis Junction
1272 Summerland Key | Rockford
1261 Summerland Key | Rockford
Karl Gasbarra | 815.975.4218
Lyle McKinney | 815.543.2008
Penny Edwards | 815.703.0586
Mikhaele Howell | 815.871.6787
Mikhaele Howell | 815.871.6787
4.42 ACRES | $89,900
8.57 ACRES | $89,900
7795 Weldon Woods Close | Rockford
65XX Theodorff Road | Pecatonica
Mike Weerda | 815.985.2895
Ginny Meyer | 815.262.8082
1.99 ACRES | $79,900
0.57 ACRES | $75,600
1752 Summerwood Lane | Belvidere
6693 Key Largo Drive | Rockford
Brenda Tufly | 815.988.3476
Mikhaele Howell | 815.871.6787
www.GoGambino.com | 61
Vacant Land
1.14 ACRES | $69,900
0.97 ACRES | $69,900
1.77 ACRES | $59,900
0.35 ACRES | $44,900
0.34 ACRES | $44,900
10134 Rellswood Drive | Belvidere
9927 River Bend Drive | Roscoe
7952 Weldon Woods Close | Rockford
12664 Pemberton Place | Winnebago
1297 Key West Drive | Rockford
Heather Carter | 815.519.2969
Ginny Meyer | 815.262.8082
Mike Weerda | 815.985.2895
Pam Cunningham | 815.289.6323
Mikhaele Howell | 815.871.6787
0.82 ACRES | $35,000
1.05 ACRES | $35,000
119 Boeing Trail | Poplar Grove
84XX Stillman Valley Road | Stillman Valley
Mike Weerda | 815.985.2895
Barbara Carstens | 815.871.3604
0.56 ACRES | $34,900
0.29 ACRES | $33,900
1489 Castlehill Drive | Rockford
1248 Summerland Key | Rockford
Brad Zimmerman | 815.985.2830
Mikhaele Howell | 815.871.6787
62 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
Vacant Land
0.34 ACRES | $30,890
0.56 ACRES | $29,900
0.24 ACRES | $21,500
0.45 ACRES | $18,900
0.75 ACRES | $17,900
1375 Conch Key | Rockford
1387 Castlehill Drive | Rockford
673 Brentwood Road | Machesney Park
2707 Starkweather Road | Rockford
7XX Homestead Lane | Rockford
Mikhaele Howell | 815.871.6787
Brad Zimmerman | 815.985.2830
Vita Locarno | 815.637.0705
Korky Williams | 815.494.7812
Mike Weerda | 815.985.2895
0.34 ACRES | $14,999
Multiple Sites | $10,000 Each
1515 Roxbury Court | Lake Summerset
5801 Meadowlark Court | Rockford
Pam Cunningham | 815.289.6323
Barb Key | 815.494.9626
Not Just an Inspection, But an Education Buyer’s Home Inspections | Pre-Listing, Seller’s Inspections | New Construction Inspections New Construction Phase Inspections | 11 Month Builder’s Warranty Inspections 0.25 ACRES | $8,000
0.24 ACRES | $7,900
137 Flintridge Drive | Rockford
2XX Wallace Avenue | Machesney Park
John Weiland | 815.494.6214
Vita Locarno | 815.637.0705
For Same Day Inspection Results, Call or Text Seven Days A Week Scott Howell, Certified Home Inspector, License 450003869 779.770.7667 | homeshield815@gmail.com | homeshieldinspections.net www.GoGambino.com | 63
ELEGANT CONDO
227 Armadale Way | Loves Park | 3 BD | 3 BA | 2,664 SQ FT | $259,900
EASY CONDO LIVING WITH GREAT HOA
Spectacular Cross Creek, ranch condo with views of pond and fountain. Open concept great room with ninefoot ceilings throughout the main floor. Fully equipped eat-in kitchen with new stainless steel fridge and breakfast bar. First floor sun/family room with panoramic pond views, gas fireplace, and sliders to private deck. Enjoy coffee on your spacious front porch as well. The generous-sized master bedroom is complete with an ensuite and walk-in closet. The laundry is conveniently located on the first floor. Professionally finished lower level with a third bedroom, full bathroom, and spacious rec room. The neighborhood boasts lovely walking paths. Great HOA covers deck staining, driveway sealing, exterior, insurance, roof, siding, tree care, lawn, mulch, and snow removal.
Cheryl Jacobs 815.494.4956 cjacobs@GoGambino.com
www.GoGambino.com | 65
Residential Condominium
2 BD | 2 BA | 1,500 SQ FT | $775,000
2 BD | 2 BA | 1,998 SQ FT | $270,000
3 BD | 2 BA | 3,150 SQ FT 3 BD | 2 BA | 1,868 SQ FT | $127,500
100 E. Huron Street | Chicago
101 Callaway Cove | Loves Park
315 6th Street | Pecatonica
Unsurpassed lake and skyline views from this highfloor corner unit located just off the Magnificent Mile. Completely remodeled in a timeless style with every detail thoughtfully considered, this condo is luxury living.
Live the life of luxury in this fabulous ranch condo. Everything you need on one level. Open floor plan. Vaulted ceilings. Light and bright. Sun room and private deck. You will love this neighborhood.
Well-constructed duplex townhouse condo offers an open concept. Great room with cathedral ceiling open to dining area and kitchen with. Sliders to deck with access to patio. Family room with wall of elevated windows.
Karl Gasbarra | 815.975.4218
Connie Paris | 815.637.0165
Ginny Meyer | 815.262.8082
2 BD | 2 BA | 1,138 SQ FT | $85,900
2 BD | 1/1 BA | 1,422 SQ FT | $83,900
1 BD | 1 BA | 808 SQ FT | $55,000
6104 Brynwood Drive #6 | Rockford
1212 Cosper Avenue #10 | Rockford
2929 Sunnyside Drive #263D | Rockford
Carefree condo living in highly sought after Brynwood location close to shopping, restaurants, parks, bus lines, Rock Valley College and I-90/39. Spacious living with an open concept and beautiful landscaped grounds.
Immaculate townhouse condo. Spacious living room. Combination kitchen with breakfast bar and dining area. Newer mechanicals. Secluded unit with woods and wildlife. Central location near river and bike path.
Second floor unit features one bedroom and one bath. Brand new carpet. Sliders to spacious patio. Lush atrium with heated pool, exercise room, sauna and more. Indoor heated garage. Resort living year round.
Ginny Meyer | 815.262.8082
Rose Gagnon | 815.637.0117
Cheryl Jacobs | 815.494.4956
66 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
OPPORTUNITY
COMMERCIAL REAL ESTATE
Commercial
222 N. Water Street Rockford $1,499,000 48,600 SQ FT
Brad Benedict 815.988.4286
4215 Newburg Road Rockford $299,000 10,637 SQ FT
Brad Benedict 815.988.4286
COMMERCIAL
OFFICE FOR SALE
5918 Park Ridge Road Loves Park $540,000 7,227 SQ FT
Mike Weerda 815.985.2895
4040 Charles Street Rockford $299,000 14,688 SQ FT
Jay Dowthard 815.289.7530
SPECIAL PURPOSE
OFFICE FOR SALE
1244 E State Street Rockford $529,900 5,384 SQ FT
Brad Benedict 815.988.4286
RETAIL - COMMERCIAL 68 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
4626 E. State Street Rockford $295,000 3,260 SQ FT
Brad Benedict 815.988.4286
RETAIL - COMMERCIAL
Commercial
650 N. Main Street Rockford $99,900 20,000 SQ FT
624 N. Court Street Rockford $158,000 4,676 SQ FT
Jon Krause
Team Lunde
815.637.0101
815.985.9522
OFFICE FOR SALE
MULTI-FAMILY HOME
208 E. Riverside Boulevard Rockford $95,000 775 SQ FT
Agent Name 815.000.0000
711 S. State Street Belvidere $149,900 5,536 SQ FT
Miguel Lobato 815.231.4129
OFFICE FOR SALE
MULTI-FAMILY HOME
2405 Welworth Avenue Rockford $225,000 3,600 SQ FT
Korky Williams 815.494.7812
MULTI-FAMILY HOME
3307 Searles Avenue Rockford $140,000 3,416 SQ FT
Pam Cunningham 815.289.6323
MULTI-FAMILY HOME www.GoGambino.com | 69
Commercial
606 Whitman Street Rockford $90,000 2,620 SQ FT
812 10th Street Rockford $72,000 1,424 SQ FT
Team Lunde
Team Lunde
815.985.9522
815.985.9522
MULTI-FAMILY HOME
MULTI-FAMILY HOME
1407 7th Avenue Rockford $76,000 1,532 SQ FT
522 Lafayette Avenue Rockford $70,000 2,284 SQ FT
Team Lunde
Team Schwartz
815.985.9522
414.722.9773
MULTI-FAMILY HOME
MULTI-FAMILY HOME
339 Oakwood Avenue Rockford $74,900 1,824 SQ FT
Jean Campbell 815.505.8336
MULTI-FAMILY HOME 70 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
1002 Lincoln Avenue Rockford $60,000 2,284 SQ FT
Melody Williams 815.505.9284
MULTI-FAMILY HOME
Commercial
428 Kent Street Rockford $59,900 3,360 SQ FT
Miguel Lobato 815.494.7905
000 N. Main Street Rockford $160,000 1.57 ACRES
Team Schwartz 414.722.9773
MULTI-FAMILY HOME
LAND FOR SALE
9XX Lyford Road Rockford $999,000 30.20 ACRES
David Palmer 815.566.2437
XXXX Willowbrook Road Roscoe $145,000 15.85 ACRES
David Palmer 815.566.2437
LAND FOR SALE
LAND FOR SALE
6565 Cunningham Road Rockford $8,500 PER ACRE 79.32 ACRES
Brad Benedict 815.988.4286
LAND FOR SALE
1041 Elm Street Rockford $30,000 0.57 ACRES
Laura Haynes 815.985.1115
LAND FOR SALE www.GoGambino.com | 71
A LOOK AT HOUSING SUPPLY AND WHAT IT MEANS FOR SELLERS
O
ne of the hottest topics of conversation in today’s real estate market is the shortage of available homes. Simply put, there are many more potential buyers than there are homes for sale. As a seller, you’ve likely heard that low supply is good news for you. It means your house will get more attention, and likely, more offers. But as life begins to return to normal, you may be wondering if that’s something that will change. While it may be tempting to blame the pandemic for the current inventory shortage, the pandemic can’t take all the credit. While it did make some sellers hold off on listing their houses over the past year, the truth is the low supply of homes was years in the making. Let’s take a look at the root cause and what the future holds to uncover why now is still a great time to sell.
Where Did the Shortage Come From? It’s not just today’s high buyer demand. Our low supply goes hand-in-hand with the number of new homes built over the past decades. According to Sam Khater, VP and Chief Economist at Freddie Mac: “The main driver of the housing shortfall has been the long-term decline in the construction of single-family homes.” Data in a recent report from the National Association of Realtors (NAR) tells the same story. New home construction has been lagging behind the norm for quite some time. Historically, builders completed an average of 1.5 million new housing units per year. However, since the housing bubble in 2008, the level of new home construction has fallen off (see graph in upper right corner): The same NAR report elaborates on the impact of this below-average pace of construction: “. . . the underbuilding gap in the U.S. totaled more than 5.5 million housing units in the last 20 years.” “Looking ahead, in order to fill an underbuilding gap of approximately 5.5 million housing units during the next 10 years, while accounting for historical growth, new construction would need to accelerate to a pace that is well above the current trend, to more than 2 million housing units per year. . . .” That means if we build even more new houses than the norm every year, it’ll still take a decade to close the underbuilding gap contributing to today’s supply-and-demand mix. Does that mean today’s ultimate sellers’ market is here to stay? We’re already starting to see an increase in new home construction, which is great news. But newly built homes can’t bridge the supply gap we’re facing right now on their own. In the State of the Nation’s Housing 2021 Report, the Joint Center for Housing Studies of Harvard University (JCHS) says: “…Although part of the answer to the nation’s housing shortage, new construction can only do so much to ease short-term supply constraints. To meet today’s strong demand, more existing singlefamily homes must come on the market.”
Early Indicators Show More Existing-Home Inventory Is on Its Way When we look at existing homes, the latest reports signal that housing supply is growing gradually month-over-month. This uptick in existing homes for sale shows things are beginning to shift. Based on recent data, Odeta Kushi, Deputy Chief Economist at First American, has this to say: “It looks like existing inventory is starting to inch up, which is good news for a housing market parched for more supply.” Lawrence Yun, Chief Economist at NAR, echoes that sentiment: “As the inventory is beginning to pick up ever so modestly, we are still facing a housing shortage, but we may have turned a corner.” So, what does all of this mean for you? Just because life is starting to return to normal, it doesn’t mean you missed out on the best time to sell. It’s not too late to take advantage of today’s sellers’ market and use rising equity and low interest rates to make your next move. It’s still a great time to sell. Even though housing supply is sstarting to trend up, it’s still hovering near historic lows. Call Gambino Realtors at 815.282.2222 to discuss how you can list your house now and use the inventory shortage to get the best possible terms for you. www.GoGambino.com | 73
A Sampling of a Few of Our July 2021 Sold Transactions
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4 74 | GRHG | VOLUME TWO | ISSUE EIGHT | 2021
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1. 2239 Williams Point Drive $522,500 2. 5542 Hodges Run $335,000 3. 2949 Cotswold Circle $315,000 4. 1703 Peconic Place $305,000 5. 11641 Deacon Drive $300,000 6. 11608 Love Road $280,000 7. 3716 Dynasty Lane $276,000 8. 5436 Talon Trail $260,000 9. 6745 Auburn Street $260,000 10. 4724 Springbrook Road $255,000 11. 4701 Stirrup Cup $254,900 12. 7365 E. Ridott Road $250,000 13. 5412 Chapel Hill Court $245,000 14. 3467 Montlake Drive $233,000 15. 1110 Frosty Morning Drive $225,000 www.GoGambino.com | 75
YOUR CAREER STARTS HERE
MENTORING & GUIDING REALTORS SINCE 1923
TAKE YOUR First Step - Schedule a visit today Heather Porter | V.P. & General Manager | 815.316.4048 | hporter@GoGambino.com ADDITIONAL RESOURCES CAN BE FOUND AT WWW.GOGAMBINO.COM/CAREERS.HTML
