Patriot Commons

Kids in The Glen

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Kids. Lots of them. Right here in The Glen!

In fact we have 1,336 children (ages birth through the 12th grade) in the 1,254 privately owned homes in this upscale residential and retail community in Glenview Illinois. As a long time Glen resident and as a Realtor who focuses heavily on The Glen, I know what a wonderful place this is for children. I have a 15 year old son who has grown up here, and he loves everything about it. Gallery Park, Lake Glenview, soccer fields, tennis courts, Kohl Children’s Museum, Arclight Movie Theater, and so much more.

We have eight developments with privately owned homes in The Glen, not counting Westgate which is under construction. Here is a breakdown of children in each:

Chapel Crossing: 167 homes 284 kids 1.7 kids p/home

Landings: 143 homes 236 kids 1.65 kids p/home

Southgate: 299 homes 413 kids 1.38 kids p/ home

Cambridge: 244 homes 234 kids 0.96 kids p/home

Regency: 148 homes 76 kids 0.51 kids p/home

Tower Crossing: 154 homes 73 kids 0.47 kids p/home

Patriot Commons: 68 homes 16 kids 0.24 kids p/home

Glen Shore: 31 homes 4 kids 0.13 kids p/home

Not surprisingly the developments with the most single family homes have the highest percentage of children p/home: Chapel Crossing and Landings. Southgate and Cambridge have a mix of single family homes and attached housing. On the other end of the spectrum, the developments with the most attached housing (mainly townhomes and condos) have the lowest percentage of children p/home: Tower Crossing, Regency, Patriot Commons and Glen Shore.

If you would like to know more about The Glen please give me a call.

Margaret Ludemann, Realtor, @properties

847-401-1802   margaretludemann@gmail.com

Homeowner associations’ role in a home sale

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Home sale transactions in The Glen generally involve homeowner associations after an agreement has been reached between buyers and sellers. When the Village of Glenview Illinois took ownership of the former Naval Air Station Glenview in the late 1990’s it developed a master plan for its use. The result is what we now know as The Glen with large areas of luxury homes, a retail area known as Glen Town Center, commercial space for corporate and professional offices, and open space as well.

The residential areas were divided into several large parcels, and home builders were allowed to submit bids for development. This resulted in the following neighborhoods being built: Cambridge, Chapel Crossing, Glen Shore, Landings, Southgate, and Tower Crossing. Three additional developments have since been built: Regency, Patriot Commons, and Westgate. The latter two are still under construction. Homeowner associations, generally referred to as HOAs, were created; and they are governed by boards of directors composed of residents.

Generally speaking if a home is being sold in an area governed by a homeowners association – whether it is The Glen or elsewhere – that association will likely be asked to provide governing documents such as articles of incorporation, bylaws, covenants, rules, and regulations. They also are asked for financial information and the status of legal actions. Attorneys representing the buyer, seller, and lender review these documents. It is important for the buyer and the lender to understand the financial and legal health of the association. Among other things they want to know whether there are outstanding obligations that could impact the new owner. If there are lawsuits or excessive debt a buyer may not wish to complete the purchase and/or the prospective lender may choose to deny the home mortgage application.

The HOAs that I am aware of in The Glen are sound, and seldom do I hear of problems that result in a failure of a housing purchase. I am a Glen resident, and I am an active Realtor in the local real estate market. If you may be interested in buying or renting a home in The Glen, please contact me at 847-401-1802 or margaretludemann@gmail.com.

Margaret Ludemann, @properties Realtor

Regency at The Glen sales are picking up steam

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Judging from 2015 real estate sales in the Glen’s Regency development, it’s obvious that this new’ish neighborhood is already turning over to second owners. While the development only sold out last year, several homes of early buyers have re-sold and others rented in the first half of this year. This is good news for buyers looking for Glen properties at somewhat smaller sizes with more modest price points than many other local neighborhoods.

Here’s a little background. Pulte Homes constructed 104 luxury townhomes, 38 ranch villas, and 2 single family homes in the Regency at the Glen development in Glenview Illinois. The townhomes are offered in 4 different models ranging in size from 1523 sq ft to 1835 sq ft. There are 2 models of villas (duplexes) ranging in size from 1883 sq ft to 2493 sq ft. Regency is located literally across the street from two wonderful golf courses, The Glen Club (18 hole championship course) and Glenview Prairie Club (9 holes). It’s also a short walk to Glen Town Center’s many shops and restaurants.

Six Regency homes have already been sold by their original owners in the first half of 2015, 4 of these were townhomes and 2 were villas. The townhomes each sold in the $400s, and the villas sold in the high $600s. There are 4 more Regency homes (all townhomes) under contract between their original owners and new buyers; these are expected to close in the third quarter of the year. Four townhomes have also rented this year.

So now is a great time for buyers who want to live in the Glen. Regency homes are on the market as well as single family homes, row homes, townhomes, and condos in other areas of the Glen including Chapel Crossing, Cambridge, Landings, Tower Crossing, Patriot Commons, and Southgate. I’ve lived in the Glen for 12 years, and as a leading Glen realtor I am familiar with each neighborhood and housing type. If you may be interested in living in Regency or any other area of the Glen, please contact me.

Margaret Ludemann, @properties Realtor

MargaretLudemann@cbexchange.com   847-401-1802

The real estate market is strong this year…nationally and in the Glen

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As a realtor I’m asked about the real estate market every day.  And since I live in The Glen, a luxury home development in Glenview Illinois, everyone wants to know how homes are selling here.  Well, the market is strong, thank you very much.

Home sales are up nationally and in in the Glen. New construction is leading the way; and in the Glen that means in the Westgate and Patriot Commons neighborhoods.  It’s anticipated that new home sales will be up over 20% across the country. Existing home sales nationwide will likely increase 5% to 7% this year which is also strong.

The strength of home sales is primarily due to three factors:

  1. First time home buyers. Rents have increased substantially this year, encouraging many renters to purchase homes.
  2. Lending standards have eased up which is increasing the buyer pool.
  3. Continued low interest rates. Mortgage interest rates have trended up modestly in the last few months (about a quarter point), but they remain low by historical standards. Thirty year fixed rate loans are currently at about 4.1%, and jumbos are at this same level. Many home sales in the Glen – particularly in the Southgate, Tower Crossing, Chapel Crossing, Landings, and Cambridge neighborhoods – involve jumbo loans. Jumbos typically carry a somewhat higher rate, though that is not the case currently. Interest rates may increase a bit more in 2016 and 2017 making now a good time for buyers (and therefore for sellers, too).

The Glen is a wonderful place to live. In addition to all of the beautiful homes, the community lifestyle is hard to beat. There are two great golf courses, both within walking distance of any home in the Glen. The central marketplace is called Glen Town Center which has numerous restaurants (casual and upscale), many shops and boutiques, a movie theater, and a book store. If you are interested in living in the Glen, please contact me. I am a long time Glen homeowner and an award winning realtor affiliated with @properties.

Margaret Ludemann   margaretludemann@gmail.com   847-401-1802

Walk to Glen Town Center’s restaurants and shops from your new condo at Patriot Commons

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Condos in the Glen have always sold well. And why not? After all, not only do you get a beautiful home, but you also get the incredible lifestyle that only the Glen has to offer. Let me tell you more.

The Glen is the premier lifestyle community on Chicago’s north shore in Glenview Illinois. The focal point is Glen Town Center with its 17 restaurants, scores of shops including a great book store, a 10 screen movie theater, and much more. There are 9 residential neighborhoods with all types of luxury homes including single family, townhomes, row homes, condos, duplexes, villas, and two-flats. And…new construction is still available!

I would highly recommend the Patriot Commons development which offers breathtaking condos ranging in size between 1050 and 1400 square feet. One and two bedroom units (some with dens) are for sale offering hardwood floors and stunning chef’s kitchens with granite counters, stainless steel appliances, and Kohler faucets. Some units have dramatic views of The Glen Club Championship Golf Course; and all homes have private balconies. Indoor parking is available for all units.

But the homes are only part of the story. Patriot Commons homes are only a few steps from Glen Town Center, so your “commute” to an evening out is – if you’re walking slowly – about a minute or two. You can also walk to The Glen’s Metra Station with train service to Chicago’s Union Station in about a half hour.

Patriot Commons FINAL PHASE is over half sold out, but there are still 14 striking homes available with delivery expected in the fall of 2016. Home prices range between $325,000 and $482,000. If you would like to see Patriot Commons please contact me. I am a Glen homeowner and an award winning Realtor affiliated with @properties.

Margaret Ludemann   847-401-1802   margaretludemann@gmail.com