Deer Park Estates in Deer Park

Deer Park Estates is a subdivision of 11 single family homes and 61 townhomes. Deer Park Estates is located in Deer Park, Illinois south of Long Grove Road and east of Quentin Road. Building in Deer Park Estates begain in 2007. Deer Park Estates offers lush landscape, quiet streets, a bike path and a large pond.

Activity in Deer Park Estates for the past 6 months

-Deer Park-

Deer Park Estates Deer Park Illinois - Why The Town-Homes Are Not Selling

Last Thursday I closed on one of my listings in Deer Park Estates, Deer Park Illinois. The unit is a 3 bedroom, 2 and a half bathroom end unit which for the photo you would be forgiven if you thought it was a single family home. It has a full basement, unfinished and not a walk-out. A DP4 unit it is certainly one of the nicest looking units and at only 3 years old was in tip top condition with many upgrades. Our listing price was $375,000. When pricing the home we had to consider that the builder is still on site building the last phase and their prices are well below the original $500,000 plus that was being asked in 2007. Their current price for a DP3 middle unit is $364,900 and they have 1 DP4 at $419,900.



We sold for $364,000 which is 97% of asking price and no credits to buyer for closing costs. Simply put the property was priced right for the market.

In addition to the builder listed units here there are 3 re-sales listed for sale.
A DP6 unit which is a little larger than the DP4 with about 200 more square footage and a fully finished walk out basement. Asking price is now $525,000. The question is does that really add $161,000 in value?
Next is what appears to be a DP3 unit with the same square footage as my sold DP4 but is does have a walkout basement - although not finished. Asking price is a whopping $669,000.
Finally we have a DP10 which has almost 2800 square feet. This unit has a loft, a den and a master sitting area as well as the 3 bedrooms and 2 and a half bathrooms. Price being asked is an outstanding $699,000. This unit has a pre-foreclosure status, meaning the borrower has defaulted on the mortgage.
Again I ask, would you be willing to pay this increased prices? Would I as an agent be able to show my buyers how these units are worth considerably more. Finally would the appraiser be able to appraise for the amount?

As agents we say this over and over again. The most critical issue in selling homes in any market is price. You have to sell your property 3 times. First you have to get a buyer willing to pay. Then you have to get the Realtor to show the buyer comparable sales at about the same price. And finally your price must past the appraisal process.

My opinion is that the builder will be selling their remaining units before these. And sales are setting the market price.

Copyright 2010 Corinne Guest All Rights Reserved - * Deer Park Estates Deer Park Illinois - Why The Town-Homes Are Not Selling *

Townhomes For Sale in Deer Park Red Seal Developement Illinois

Search for townhomes for sale in Deer Park and Barrington at my Barrington Web Site

There are only a few townhomes for sale in the Red Seal development in Deer Park Illinois and nearly all are middle units. Would you prefer and end unit? Here is a barely lived in 2 year old end unit with many upgrades offered in pristine condition. In fact from the photo above you would think it was a single family home!

The property offers a formal dining room with hardwood floors, a 2 story living/family room with hardwood floors, full size breakfast room with hardwood floors and sliding doors to a private deck. The kitchen has 42" wood cabinets, an island, stainless steel appliances, granite counter tops, upgraded lighting fixtures, and a butler pantry. Large laundry rooms are on the main level of the townhomes for sale in Deer Park. There is a full basement which offers great space for a rec room or theater. Upstairs there are 3 bedrooms, the master has a full bathroom suite with seperate toilet, an a full shower, jacuzzi bath, double sinks with Corian counters and Kohler fixtures. Add the double doors to the balcony, double closets, and upgrading lighting and all you need to do is add your furniture. The hallway bathroom also has Corian, and Kohler fixtures.

Don't forget the 2 car garage, private driveway and the gorgeous Nantucket styling, these townhomes for sale are very conveniently located right next to the Deer Park Shopping Mall off Long Grove Rd. It is a quick 5 minute drive down Rand Road to get to the top of Route 53 and I 90. Children attend Lake Zurich schools.

Priced at $425,000 compare to the others at considerably higher prices, you'll see we are the best unit.

Deer Park is primarily single family homes and there are no other townhomes for sale here. Other options to consider would be townhomes for sale in Lake Barrington Shores, although these are considerably further north. Inverness on the Ponds has limited townhomes for sale, and there are others in The Shires of Inverness.

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Contact Corinne Guest Broker & Owner Royal Advocate Realty Licensed Realtor® in Illinois, for real estate in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me 847-363-3686 for assistance.

Copyright © 2009 By Corinne Guest, All Rights Reserved. Townhomes For Sale in Deer Park Red Seal Developement Illinois

End unit is currently available for sale for $425000.
Open houses are scheduled for:
Saturday October 3rd from 10am to 1pm
Sunday October 4th from 2pm to 5pm

Please visit at your convenience. We're going to have some Halloween treats, so come early!



Agents bring your clients!

If you would like to confirm, call me at 847-363-3686 on the day and I'll be pleased to confirm the open house times are the same.

Location is easy to find off Long Grove Rd and Rote 12 next to The Deer Park Shopping Mall. Check out the our competition! Why pay more for a middle unit, we are an end unit for less?

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Contact Corinne Guest ABR, e-PRO, GRI, Broker, Royal Advocate Realty Licensed Realtor® in Illinois, 847-381-6328 to list your property for sale or to buy a property in Barrington, Lake Barrington, North Barrington, South Barrington, Barrington Hills, Inverness and Deer Park, as well as Lake Zurich, Hawthorn Woods, Kildeer and Long Grove in Lake County Illinois.

Call me today at 847-381-6328.

Copyright © 2009 By Corinne Guest, All Rights Reserved. Deer Park Estates Townhomes - Open Houses 21942 Talia Lane on Oct 3rd and October 4th 2009.