The new Carillon club at 95th and 248th is coming right along. The sales trailer is up and the dirt is flying. I’ll be interested to see the new road configuration when they vacate 248th st at 95th.
This is going to be Cambridge Builders third largest Carillon Club (the largest is the original on Weber Road… Cambridge at Carillon) but also their most luxurious. Models are expected to open this fall
Edited – in case you don’t read the comments, the Planning Commission approved this plan.. but it was later denied by the City Council… who said to bring them plans that don’t include townhomes, a real victory for the neighbors concerned about the density
Original Post:
Kimball Hill has been approved for the Mayneland Farms subdivision at the southeast corner of Mill and Bauer Roads. They will be building 59 townhomes and 22 Single family homes… This is a fairly significant development for this end of town where there just isn’t much land left.
Kimball hill is no stranger to this area having built most of the homes in the the neighboring subdivision: Century Farms. They are not yet offering any information on their website but you will be able to get that information here when it’s available
March 15, 2006 – Our site was just recognized by Realty Times as their “site of the day“.. Thanks!
Kimball Hill homes is still trying to make things work at the southeast corner (currently known as Mayneland Farm) of Mill and Bauer. A community of 59 and 22 single family townhomes is having a hard time getting passed, neighbors are concerned about density (understandable) and Kimball Hill is concerned about utilizing the property correctly (also understandable)
On another front they are also attempting to build on a large parcel of land just south of Ogden and east of Rt59… a townhome community (280 units – called Townes of Greenbriar) located behind the Krispy Kreme (does it seem like I think of food all the time?) While this spot is contiguous to other residential development, about 30 acres of it is currently zoned commercial… district 204 is concerned about the additional students this could bring.
On a completely different scale Kimball Hill is developing Settler’s Ridge (along the RT30 extension… that’s the Sugar Grove exit from I88) this will be a “high concept” community of 1300 acres and almost 2500 homes. Lot’s of preserved space is in the plan.
Kimball Hill has been building in the Chicago area for many years, including developments in Carol Stream, Naperville, Aurora and Yorkville.
Possibly what they are best known for is creating the city of Rolling Meadows.
$189,900
-
2958 Meadowlark Ct
Aurora
3 beds, 2 full, 1 part baths
Size: 1,936 sq ft
Lot size: n/a
Year built: 1989
$169,900
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133 N Barton Trl
Batavia
2 beds, 2 full, 1 part baths
Size: 1,337 sq ft
Lot size: n/a
Year built: 1995
For Millionaires Only?
Tuesday, March 14th, 2006What’s the buzz?
According to the Multiple Listing Service of Northern Illinois…
In Naperville there are currently 172 Single Family (there are also 2 condos in the 520 Washington building) homes on the market over $1,000,000 – 24 of them are under contract (meaning pending a sale) leaving 148 properties for sale. In 2005 there were a total of 58 sales over $1,000,000.
What does it all mean?
If the market is as good as it was in 2005…. those 148 properties have the remaining months of the year to grab one of the remaining 36 sales. Leaving 112 disappointed Sellers ready to face the market in 2007. Of course, this is assuming that no other homes will be coming on the market in that time (silly assumption).
So if I’m a buyer what does this mean?
Buying opportunity! There are motivated sellers that will be be anxious to work with you.
If I’m a seller what can I do?
Be aggressive. Cutting edge marketing combined with realistic goals is the key to your success.
Is all hope lost?
No. In fact there is the evidence that this segment of the market may continue to grow, as evidenced by the yearly numbers:
2005 – 58 sales over $1,000,000
2004 – 37 sales over $1,000,000
2003 – 19 sales over $1,000,000
2002 – 17 sales over $1,000,000
2001 – 9 sales over $1,000,000
Another important fact to keep in mind are the increased numbers of custom built premium homes in this range that won’t show up in the MLS system.
For a look at some of the premium homes in the Naperville area visit:
Luxury Homes of Naperville
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Tags: Commentary, Market Update, Real Estate News