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Short Sale Listings in Cornell, IL

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5 View this home at E 3000 North Rd Manville IL 61319
Foreclosure
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$46,683 EMV
E 3000 North Rd
Manville, IL 61319
Single-Family
|
2 |
1.5
|
1,241
EST. RENT: $950
|
AUCTION: 04-01-2024
Single-Family
|
2 |
1.5
|
1,241
Displaying 1 - 4 of 4
 
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Home Value Estimator For Cornell, IL

There are currently 327 real estate properties in Cornell, IL, with a median automated valuation model (AVM) price of $110,300.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Cornell, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Cornell, IL, is $134,024.00, with the most expensive house in Cornell, IL, topping out at $908,461.00 and the cheapest home in Cornell, IL, clocking in at $15,263.00. In other words, there’s something for every potential homebuyer or savvy investor in Cornell, IL!


Rent Prices In Cornell, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cornell, IL, is on a rollercoaster ride. The average rent price in Cornell, IL, is $1,200.00. Indeed, when looking to rent in Cornell, IL, you can expect to pay as little as $760.00 or as much as $2,460.00, with the average rent median estimated to be $1,130.00. The good news is that finding an affordable and desirable property to rent in Cornell, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.


Top Reasons To Live In Cornell, IL In 2024

Cornell is located in Livingston, Illinois, with an estimated municipal population of 455 residents. All of the best foreclosed homes for sale in Cornell are located in the following zip code areas on Foreclosure.com: 61319. The estimated population per square kilometer (.62 miles) in Cornell is 268.


Cost Of Living In Cornell, IL

So, about how much do homes cost in Cornell? The most recent median value of resident-owned homes in Cornell is 75,122. An estimated 72.4 percent of households in Cornell own their homes, with an average family size of 3.15. The median household income in Cornell is 47,708, with11.4 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Cornell, the median commute time of resident workers (in minutes) is 26. And last, but certainly not least, are you looking for homes to rent in Cornell? If so, the average rent price paid by renters in Cornell is 908, according to recent statistics.


Diversity And Demographics In Cornell, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Cornell, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Cornell is 28.7, split between 52.4 percent male versus 47.6 female. The percentage of residents who report being married in Cornell is 41.5, with an average family size of 3.15.

The percentage of residents who report their race in Cornell is as follows:

White 90.8%
Black / African American 0%
Asian 0%
American Indian / Alaskan Native 0%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 9.2%
Other 0%

Looking for family-friendly neighborhoods in and/or near Cornell? Or maybe you are searching for 55+ active adult communities in and/or near Cornell?

The percentage of residents who report their age in Cornell is as follows:

Under 10 15.4%
Aged 10-19 16.6%
20s 19.3%
30s 9.9%
40s 8.2%
50s 9.6%
60s 12.3%
70s 6.4%
80+ 2.2%

Best Schools In Cornell, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Cornell with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Cornell.


Pros And Cons Of Living In Cornell, Illinois

How do you know that living in -- or moving to -- Cornell is right where you need to be? Perhaps you grew up in Cornell or already live nearby; therefore, the decision to buy a home in Cornell is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Cornell for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Cornell:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Cornell.


Reasons To Move To Cornell, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Cornell can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Cornell, meanwhile, can field multiple offers from more qualified buyers.

Cornell, IL Short Sale Listings


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