Elkhart, Indiana, Eastlake Estates Subdivision, 2011 1st Quarter Home Sales, Osolo Township, Elkhart Community Schools
Eastlake Estates Subdivision is located on Bristol Street,east of CR 11 (Osolo Road). Eastlake Estates Subdivision is located on the north side of the road in OsoloTownship, Elkhart Indiana. Children who live in Eastlake Estates Subdivision who attend public school will be attending Elkhart Community Schools.
Eastlake Estates Subdivision 2011 1st quarter home sales consisted of 2 homes that sold for $59,000 to $175,000 after being on the market for 3-68 days. Both of these sales were arms length transactions, and neither a Short Sale, HUD Home nor 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 ownd 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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