Approved Mokena Short Sale Condo for $50,000 Back On The Market

Posted by Judy Orr on Thursday, April 16th, 2015 at 12:44pm.

Mokena condominium for sale

As of today, the condominium for sale at 19380 Wolf Rd. is the lowest priced Mokena condo for sale available!  This is an approved short sale and approval time is running out.  The prior buyer walked.

Special circumstances

This is the Wolf Point condominum complex in Mokena.  I've been told that a prior management company didn't handle the finances very well.  When work was needed on all of the buildings, which included new roofs, a special assessment was required for all owners of approximately $8,000.  This assessment was broken up into small payments by adding $100.00 to the monthly assessments.  Some of this has been paid off but a future buyer would need to pay the remaining balance.

As of today I have a HUD that shows what a buyer would have to come up with to cover these fees. Give me a call at 708-536-8200 and I will share that figure with you.   Bank has approved the sale at $50,000.00 but now we're dealing with the association and they want the entire balance paid.

Although current management is trying to get finances back on track with this complex, at the current state it will be difficult, if not impossible, to get financing. Only cash offers will be considered.

Cute unit

There is brand new carpet, an updated kitchen and nicely redone bathroom.  There are items that need repair such as a few doors and trim.  Still a great value at $50,000.  Pets are allowed and this is one of few complexes that don't have weight limits for dogs.  There is one rental available per building but this building already has a unit being rented so at this point in time you cannot rent this unit.

mokena short sale condominium 

Brand new carpet in living room with access to balcony

mokena condominium for sale

Cute kitchen - all appliances will stay

bathroom of mokena condominium for sale

Beautifully updated bathroom

See more photos and room sizes plus other information by clicking here.  You'll be able to contact us for more information or set an appointment from that page.

We realize that not everyone can purchase with cash.  If you're looking for a condo in Mokena I've created a search below.  These will be updated automatically so it doesn't matter how old this post is.

Mokena Condominiums For Sale

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