SOLD! Burr Ridge Home Sales: May 15

County Line Properties listed all recent Burr Ridge home sales in its latest Patch blog post.

Real Estate: What $899,900 Buys You in Burr Ridge, Hinsdale

We compare and contrast two properties listed for sale at a similar price point. This week the homes are $889,900.

A home with scenic views overlooking a pond at the Burr Ridge Club is an option for buyers with $899,900 to spend in Burr Ridge. The home at 501 Burr Ridge Club Drive has three bedrooms and five bathrooms. It features a custom kitchen with stainless steel appliances and a large master bedroom with a fireplace. The kitchen and bathrooms have all been updated. In addition, the Burr Ridge Club offers a 24-hour gatehouse, tennis courts, pool and maintenance-free living. A four-bedroom, four-bathroom house with updated kitchens and bathrooms is an option for buyers wanting to spend $899,900 in Hinsdale. The home at 913 S. Adams St. was built in 1962 and has been on the market 59 days. The kitchen features ample cabinet space, a large stainless …

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How Many Burr Ridge Homeowners Have Paid Off Their House?

Crain's Chicago Business reports 35.9 percent of Burr Ridge homeowners are mortgage-free and own their homes outright.

Communities with a large segment of senior citizens or high median incomes tend to have the highest percentage mortgage-free homes, according to Crain’s Chicago Business.  According to the Crain's analysis, of 3,665 Burr Ridge homeowners, 35.9 percent are mortgage-free. That's compared to 32.5 percent in Hinsdale, 26.6 percent in Clarendon Hills, 34.1 percent in Darien, and 49.1 percent in Willowbrook. Burr Ridge's number is higher than the Chicagoland average, which is nearly 26 percent. 

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How Many Burr Ridge Homeowners Have Mortgages?

Around 36 percent of Burr Ridge homes are mortgage-free.

  Communities with a large segment of senior citizens or high median incomes tend to have the highest percentage mortgage-free homes, according to Crain’s Chicago Business.  In Burr Ridge, 35.9 percent or 3,665 of homes are mortgage free, according to Crain’s analysis. Related Coverage

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Real Estate: What $750,000 Buys You in Burr Ridge, Hinsdale

Comparing and contrasting properties at similar price points in Burr Ridge and Hinsdale. This week the homes are in the $750,000 range.

A three-bedroom, four-bath townhome built in 1988 is available to buyers ready to spend about $750,000 in Hinsdale. The townhome located at 1435 Fox Lane has a total of 4,165 square-feet of space. Renovated in 2006, the home features an updated kitchen with breakfast bar and stainless steel appliances. It also features a large master bedroom with a luxury master bath and a dedicated laundry room.   In addition, the home has an open floor plan with a two-story living room. Presented by: RE/MAX County Line; 630- 325-8280 Buyers hoping to find a home at $749,000 in Burr Ridge may want to consider this home located at 11617 Briarwood Lane. The home has four bedrooms and three baths in a total of 3,971 square feet. Among the home’s features are…

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Burr Ridge Home Sale Prices Down in 2012

Economists told Chicago Magazine now is the time to buy.

Economists are now on board with what real-estate agents have been saying for years— when it comes to buying a home, now is a great time to buy, according to an article in Chicago Magazine.  The median sales price of a home in Burr Ridge in 2012 was $586,000, down 3.3 percent from 2011. Zillow Chief Economist Stan Humphries told Chicago Magazine the Chicago housing market has hit "rock bottom" and is not expected to rebound too quickly. The summer is exported to be an opportune time to buy when more houses typically go on the market, according to the article. From there, home prices are expected to increase by .8 percent by the end of the second quarter of 2013 and by five percent by the end of the second quarter in 2014, according to the …

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Real Estate: What $929,000 Buys You in Burr Ridge, Hinsdale

Comparing and contrasting real estate for sale at similar price points in Burr Ridge and Hinsdale. This week's homes are listed at $929,000.

A five-bedroom, five-bath home on the market two days is one option for buyers in Hinsdale with a budget around the $929,000 mark. The home at 632 S. Bruner St. was built in 2007 and has a commercial kitchen with stainless steel appliances, according to . The home also features 10-foot ceilings, hardwood floors and a master suite with a large master bath. It also features formal and casual entertaining spaces. Presented by: Bryan Bomba, Coldwell Banker Residential Brokerage – Hinsdale; 630-468-2505 Built in 1996, a 4,278 square foot home at 6 Mallory Court is an option for buyers spending $929,000 in Burr Ridge. The home is located on a cul-de-sac and has a large manicured yard, according to listing information. It features formal living …

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Burr Ridge Housing Market Has Another Strong Month

The number of homes sold in Burr Ridge last month was nearly triple what it was one year before, according to the Mainstreet Organization of Realtors.

The 11 detached, single-family homes sold in Burr Ridge during February 2013 represented a 175 percent increase over February 2012, when four homes were sold, according to the Mainstreet Organization of Realtors (MORe). The number was slightly down from January 2013, when 12 homes were sold. The median price of homes sold was also up in Burr Ridge. The median price rose 84.3 percent year over year, from $317,500 in February 2012 to $585,000 in February 2013. The market for detached, single-family homes in suburbs throughout DuPage County saw growth in January, MORe reported. MORe gets its statistics from Midwest Real Estate Data. Overall across the Chicago suburbs, sales of single-family detached homes rose 37.5 percent in January over the…

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Real Estate: What $699,000 Buys You in Hinsdale, Burr Ridge

Comparing and contrasting homes for sale at similar price points in Hinsdale and Burr Ridge.

A 4-bedroom, 3-bath home built in 1962, and which could use some updates, is one option in the $699,000 range in Hinsdale. The home, located at 503 N. Bruner St., features a master suite with an attached sunroom, conservatory and spa. With a wildflower garden, the home does not have grass requiring mowing. It also features a screened in porch, fireplace, exercise room and a large kitchen. Presented by: Linda Feinstein; 630-522-2020  A home with 4,999 square feet, 6-bedrooms and 6-baths and built in 1986 is among homes in the $699,000 range in Burr Ridge. Located at 11714 Briarwood Lane, the home has custom woodwork, including wood beams and wood floors. The home features fireplaces, a formal dining room and kitchen with eat-in dining area…

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