Elkhart, Indiana, Gruber Manor Subdivision, 2011 1st Quarter Home Sales, Cleveland Township, Elkhart Community Schools
Gruber Manor Subdivision is located off of SR 19. Turn west onto Rainbow Bend and then north on Aspin Drive in Cleveland Township, Elkhart Indiana. Children who live in Gruber Manor Subdivision who attend public school will be attending Elkhart Community Schools.
Gruber Manor Subdivision 2011 1st Quarter home sales consisted of 1 home that sold for $116,500 after being on the market for 2 days. This sale was an arm's length transaction and neither a Short Sale or an REO Property.
An Arm's Length Transaction means the Home Owner did not know the Buyer and the sale was made under normal circumstances.
HUD Homes are listed and sold by the US Governments Housing and Urban Development.
REO Properties are homes that are owned by a Bank/Investor which they obtained thru the foreclosure process. Short Sales are definded as a sale where the debt owing against a property combined with the costs associated with the sale exceed the property's market value. In a loan default situation (pre-foreclosure) , lender(s) may be willing to agree to allow the property to be sold for less than the loan amount and/or accept less than (or "short") the amount owed, and may or many not accept the net proceeds of sale as payment in full of the debt.
Short Sales are listed and sold by the Home Owner with the Mortgage Lender's approval.
Most homeowners like knowing what kind of real estate activity is going on in their neighborhood. Evelyn Johnston with Elkhart County Subdivisions has some unique tools that allow her to provide very detailed information regarding what home buyers are looking for. If you would like statistics regarding what kind of Internet exposure and buyer traffic your home would have if you listed it with Evelyn and Elkhart County Subdivisions, give her a call at 574-304-7148. The Neighborhood Activity Report also shows you what new listings have been added in your area and what listings have experienced status and price changes. Call Evelyn today at 574-304-7148 to see what your home's value is in todays Elkhart Real Estate Market.
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