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Our main blog has been moved to chicagonow.com/getting-real
but we occasionally post articles here as well.

Articles for ‘Hinsdale’

2012 Du Page County Property Tax Rates

Wednesday, December 11th, 2013 by Sari Levy

A few years back, I wrote an article on calculating property taxes in the various communities of Du Page county.  Thanks to the Du Page county clerk, the updated table below reflects property tax rates for Du Page county communities in 2012.  The towns are listed in order from those with the highest to lowest tax rate.  Oak Brook continues to have the lowest property tax rates (and some of the highest home values) in Du Page county.

It is certainly easier to think about property taxes in terms of % of purchase price.  Most townships will review an appeal of taxes with a recent purchase.  However, the appeal typically lasts only a year until the assessor determines the value according to their method.  Take a look at my previous post for the property tax formula in Du Page county.

1. Glendale Heights 11.4035
2. Hanover Park 10.9595
3. Bartlett 10.1029
4. West Chicago 10.0131
5. Bensenville 9.3340
6. Carol Stream 9.3051
7. Aurora 9.2872
8. Woodridge 9.1027
9. Bolingbrook 9.0120
10. Wayne 8.6775
11. Winfield 8.3995
12. Elk Grove Village 8.2982
13. Lombard 8.2547
14. Addison 8.1764
15. Glen Ellyn 7.8773
16. Villa Park 7.7659
17. Lisle 7.6868
18. Bloomingdale 7.6694
19. Itasca 7.5530
20. Wood Dale 7.4751
21. Roselle 7.4261
22. Warrenville 7.3779
23. Wheaton 7.3580
24. Elmhurst 6.9301
25. Naperville 6.7945
26. Darien 6.7155
27. Westmont 6.6881
28. Clarendon Hills 6.1747
29. Downers Grove 5.8730
30. Oak Brook Terrace 5.8489
31. Hinsdale 5.4654
32. Burr Ridge 5.0382
33. Willowbrook 4.8933
34. Oak Brook 3.5871

Hamptons of Hinsdale: Luxury Condos and Townhomes for Sale

Monday, October 24th, 2011 by Sari Levy

Looking to live in Utopia?  Then you might want to check out the Hamptons of Hinsdale.  Located near the intersection of 59th and Washington Streets in Hinsdale, the Hamptons plans to offer over 100 luxury units, both townhomes and condos set in a serene park like location with ponds and open space.  The infrastructure and site improvement work is virtually complete. The first four-unit town home building is complete (pictured below) and a 23-unit condominium building is also under construction. Foundation work and underground garages have been completed for two additional condominium buildings.

Hamptons-of_Hinsdale_Townhomes_For_Sale

Background

In 2002, Wextrust Development purchased the property for $18 million. Wextrust planned to construct 12 buildings on the Hinsdale site.  In the original plan, seven buildings would contain 23 luxury townhomes and five larger structures would house 93 condominium apartments. Prices were to range from $339,000 to $697,900 for the condos and $695,000 to $940,000 for the townhouses. But work on the project halted that year when Wextrust CEO and COO were indicted by a federal grand jury for involvement in a $255 million Ponzi scheme.

After sitting on the market for sometime, The Hamptons was purchased by a subsidiary of Oak Brook-based Inland Opportunity earlier this year from Citizen’s Financial Bank.  According to The Hamptons website, The Hamptons is “Well-funded, carefully planned and on schedule for completion in the near future.” Next Generation Development out of Wheaton will handle construction, sales and marketing.” The Hamptons sales trailer is now on-site along Grant  Street, well as the rear entry near Washington & Kennedy.

Located on a 12.5 acre parcel of land, The Hamptons offers 26 Villa Townhomes and 93 Condominiums set among landscaped grounds, featuring shingle-style architecture, open space with gazebos and a tranquil pond. The Hamptons is situated in the highly desirable Elementary school district 181 and in Hinsdale Central High School District.

Marketed as “affordable, intelligent living”, there are four town home designs that span 2,473 to 2,817 square feet and 9 condo floor plans are available, ranging from 1,262 to2,239 square feet.  In a small change from the original plan there will be four condo buildings and six villa buildings.  Below is a table showing the units being offered with links to more information for the units available now.

Unit Sq. Ft. Beds Baths Starting Price Type
Biltmore 1,262   1   1.5 $290,000       Condo
Chelsea 1,466   2   2 $355,000       Condo
Rushfield 1,673   2   2 $390,000       Condo
Felsted 1,702   2   2 $425,000       Condo
Lennox 1,740   2   2.5 $440,000       Condo
Kelmscott 1,807   2   2.5 $485,000       Condo
Oxford 1,833   2   2.5 $505,000       Condo
Shelbourne 2,000   2   2.5 $530,000       Condo
Wentworth 2,239   2   2.5 $550,000       Condo
Broadmoor 2,473   2   2.5 $598,000     T/home
Cotswold 2,647   3   2.5 $647,000     T/home
Prescott 2,689   3   2.5 $658,000     T/home
Nantucket 2,818   2   2.5 $698,000     T/home

The grand opening took place the weekend of September 9th.  There are two units listed for sale in the MLS as available now, the Broadmoor and the Cotswold.  Both are listed substanially higher than the starting prices listed on the table above -with the Broadmoor being listed at $689,900, and the Cotswold for $697,000.  Also, not in the MLS but listed as available on the Hamptons site is the Prescott for $722,000. As of October 20, 2011, one unit has sold, and that was for a Prescott unit back in 2008 for $1,036,058.  Bet that guy is anxious for some neighbors who are going to pay about 30% less than he did.  Ouch.

Hinsdale Condo Market Conditions

Currently, there are a total of 68 units on the market in all of Hinsdale priced from $60k to $1mm.  In the last 12 months,  in the Hinsdale Market, 16 condo/townhome units have sold ranging in price from $142,500 – $950,000.  Simple math indicates that there is already a 4 1/4 years supply of inventory.  With The Hamptons adding an additional 112 units, the time triples.  It will be very interesting to see what sort of demand the Hamptons is able to create.

Think You Can’t Afford to Live in Hinsdale? Think Again!

Monday, March 21st, 2011 by Sari Levy

Ahh, spring is in the air here in Chicago land.  For me, spring always brings a sense of optimism and hope. 

For those of you who wish to live in Hinsdale, there are some great opportunities.  For example, you can get this two bedroom condo at 300 Claymoor #3E.   The Claymoor complex is actually very nice and is nestled quietly amongst single family homes valuing from $700k up to several million  There are four buildings with 20 units each and 1 garage spot for each unit.  There is plenty of exterior parking for residents and guests as well.  The association is very well managed (financially)  and the grounds are beautiful with an abundance of flowers and mature trees throughout the property.

If you have just about double that to spend, you might want check out this townhome in  Chanteclier.  At $319,900, this townhome has 3 bedrooms, 2 1/2 baths and is completely remodeled from the bathrooms to floors and kitchen.   At both complexes the assessments are reasonable and  under $250 per month.

For just another MILLION dollars, you can buy  a “Dazzling Creekside Graue Mill Villa” .  The listing agent Joan McInerney of Adams and Meyers decribes the home as:

3 Levels & 6000 Sq Ft of Magnificent Living Right out of Architectural Digest. Two Master Suites, Newer Chef’s Kitchen, Incredible Newly Completed Master Bath, Dramatic Loft Library/Office. Add Vaulted Ceilings, Skylights, Hardwood Floors, Crown Molding & 3 car garage. Lower Level Great Room overlooking creek & private deck access. This is one Incredible home!

There are several condo and townhome communites located in Hinsdale.  The map below gives you a rough idea of where each complex is located.  The details can be found on on our Hinsdale Market page where you can find other relevant information on the Hinsdale real estate market.



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