$200,000

2 Beds 2 Baths 1,396 Sq. Ft. Condo

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N Douglas Ct,
Arlington Heights, IL 60004

Name: N Douglas Ct, Arlington Heights, Illinois 60004 | Foreclosure.com
SKU: 52267586
Price: 200000 USD

Overview

This Condo is located at N Douglas Ct, Arlington Heights, IL 60004. It has 2 Beds, 2 Baths , 1,396 sqft of living space. This property is currently bank owned.
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Status: Inactive

Listing ID: 52267586

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Property Information

Price: $200,000
Bedrooms: 2
Bathrooms: 2
Full Baths: 2
Living Area Size: 1,396
Basement: Yes
Total Rooms: 5
Style: Ranch
Exterior: Brick, Cedar Siding
Fireplace: Yes
Heating Type: Forced Air, Fireplace
Flooring: Carpet, Laminate, Wood
Air Conditioning: Central A/C
Utilities: Gas,Electric
Parking: Garage
Parking Spaces: 1
Sewer Type: Public
HOA Fees: $264
HOA Frequency: Monthly
Year Built: 1985
Tax Year: 2017
Sale Type: Not Applicable
Subdivision: Courtyards Of Arlington
School District: 214
Property Tax: $5,809
Property Type: Condo
MLS Number: 10316312
Source Status: Under Contract

Public Records

APN: 03-20-101-015-1043
Property Type: Condominium

Foreclosure

Properties listed as foreclosures have passed the point of auction or public sale. Because the properties were not sold at auction, the lender is now the owner and is engaged in the process of marketing and selling them to potential buyers. The longer lenders own properties, however, the more eager they become to sell, often at reduced prices.

Data Provider

Data Provider Logo:
Data Provider Description: Fannie Mae has a wide selection of properties for sale, including single-family homes, condominiums and townhouses, which are located in a variety of neighborhoods in all corners of the United States.

Property Classification

Classification Id: Under Contract
Classification Desc: When a seller accepts an offer from a buyer on a property for a mutually agreed upon price it is typically considered "Under Contract." Even though a property is "Under Contract," it is still not "sold" until the final closing. A property can still return to the market if the agreement falls through; therefore, check the listing as frequently as possible to determine its latest status.

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County Information

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Listing History

Start Date	End Date	Listing Type	Bank Name
03/24/19	07/03/19	Foreclosure
08/09/18	10/29/18	Preforeclosure
08/23/16	06/19/17	Preforeclosure	LIBERTY HOME EQUITY SOLUTIO...

Learning Center

First Steps to Buying a Foreclosure

Foreclosures often mean the original homeowner had some sort of setback that caused him to allow his lender to take the property. Rarely does a lender want to retain possession of real estate, so it will be motivated to move it off the books as quickly as possible. A fast turnover is what the lender is looking for, so a big part of the marketing plan might include pricing for a quick sale.

First Steps to Buying a Foreclosure

Steps as you search for your foreclosure property:

If foreclosure is complete, the property will be listed with a Realtor, in which case you can have an open line of communication about the property as well as the opportunity to inspect it.
Contact the listing broker and ask for an appointment to see it. Schedule a walk through. While in the area scout out the neighborhood to make certain the surrounding area suits your needs.
If foreclosure is not complete you may be able to get the information you need about the property either from the owner or the lender.
Consult with a professional real estate appraiser. Through their years of familiarity with the property and the neighborhood, appraisers and real estate professionals can supply background on property and neighborhoods. Get them to give you a ballpark estimate of the property value.
If the property needs repair work, have a recommended contractor give a detailed estimate of each job that must be done.
Decide on how much you are willing to pay for the property and stick with that price. Never get so caught up in a property that you do not make clear decisions. Successful bidding on foreclosed properties requires discipline and good information.
Sometimes foreclosures have title problems that have not been cleared up. Hire a closing attorney or title company to check the condition of the title to make certain there are no liens remaining after the foreclosure is complete. Have the title agent issue a title binder showing the conditions under which it will insure your interest in the title. Real estate tax liens and homeowner association liens have priority and need to be paid before clear title can be given.
Have the financing for the property in place before you enter into a firm contract with a good faith deposit, or have the contract be contingent on the financing you will need.

Foreclosed properties can represent excellent opportunities to acquire real estate at bargain prices. But in order to take full advantage of these opportunities you must have all your information and take an organized approach to finding and acquiring foreclosed properties. Find the location and property that interests you, work with the Realtor and closing agent to learn all you can about the property, and make your offer based upon good information and research.

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Arlington Heights, IL
Home Inspectors

Progressive Building Inspections, Inc.

John Kopke

847-506-9996

N Douglas Ct
Arlington Heights, IL 60004

2 Beds 2 Baths 1,396 sq. ft. Condo