Right now, a buyer can find a well-appointed, entry-level home at Reston Ponds in Sycamore at a lower monthly cost than renting a single-family home in the surrounding area.
Shodeen Residential offers a Hawthorne-style three-bedroom home (PDF) with 1,800 square feet, base priced at $210,950. By working with preferred lender Wells Fargo Home Mortgage, a qualified buyer can get an FHA-backed, 4.750% 30-year fixed mortgage.
The resulting 3.5% down payment and closing costs would be around $9,207, and monthly mortgage payments, covering principal and interest, taxes, insurance, and private mortgage, would be $1,727, almost identical to the current median price of a single-family listed for rent in Sycamore.
Shodeen’s new-construction homes feature 9-foot first-floor ceiling heights, painted six-panel Colonial doors and trim, oak stair railings and spindles on the first floor’s stairs, kitchens with 30-inch upper cabinets and Whirlpool appliances, master baths with double-bowl vanities and separate tubs and showers, full basements, two-car garages, and fully sodded yards with shrub and tree packages.
Reston Ponds is a new enclave of single-family homes located within walking distance of downtown Sycamore, a short drive from Northern Illinois University campus and Interstate 88, and just 30 minutes from Elgin, St Charles, Geneva, and Rockford. Located on-site is Southeast Elementary School, part of the Sycamore Community School District 427.
A model and sales office is located at 345 E Becker Pl is open from 11 a.m. to 5 p.m. Monday and 9 a.m. to 5 p.m. Tuesday, Wednesday, Saturday, and Sunday. For more information, call 877-901-5151 or visit ShodeenHomes.com.