Tower Crossing

Regency at The Glen, only 9 homes left to sell

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For anyone interested in new construction in The Glen, you still have a chance to purchase a Regency townhome.  But only 9 homes remain to be sold among the 149 homes in the development.

Regency at the Glen is an upscale housing development in The Glen, the premier lifestyle community on Chicagoland’s North Shore, located in Glenview, Illinois.  There are 1,255 privately owned residences in 8 neighborhoods (Cambridge, Chapel Crossing, Glen Shore, Landings, Patriot Commons, Regency, Southgate, and Tower Crossing).  The Glen’s “main street” is called Glen Town Center, and it offers scores of restaurants and shops, along with a book store, movie theater, art gallery, spa, and the ever popular Kohl Children’s Museum.  The Glen has its own Metra train station with service to and from the city in less than 45 minutes.  O’Hare International Airport is approximately 20 minutes away by car.

Regency, built by Pulte Homes, is located off of Shermer Road, about a quarter mile north of West Lake Avenue.  It has 4 models of townhomes, 2 models of ranch villas (duplexes), and 2 single family homes.  The villas and single family homes sold out long ago, and only 9 townhomes remain. 8 of the available homes are of the Providence model with 1,835 sq ft.  Each of these has 2 bedrooms + loft except one unit which is configured with 3 bedrooms + loft.  All of the 2 bedroom homes are end units with windows on 3 sides.  The Providence models are priced between $416,990 and $488,525.

1 Freeport model may still be purchased.  It has 1,523 sq ft, and it is priced at $368,690.  It offers 2 bedrooms + loft.  All of the available homes may be customized with numerous upgrades.

To tour a Regency townhome you may call me, Realtor Margaret Ludemann, at 847-401-1802 or email me at margaret.ludemann@gmail.com.

Margaret Ludemann, Glen homeowner and @properties Realtor

Westage at the Glen…one step closer to reality

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The Glenview Planning Commission just approved a new housing project to be constructed in The Glen and called Westgate at The Glen Townes.  It will go before Glenview’s board in February for final approval which is expected.

The Glen is the North Shore’s premier lifestyle community located in Glenview, Illinois approximately 20 miles north of downtown Chicago.  It offers luxury homes (single family homes, row homes, townhomes, condos, duplexes, and two-flats) as well as a park, lake, walking trails, health club, movie theater, two golf courses, and a quaint main street called Glen Town Center filled with shops and restaurants.  Westgate will be the most recent – and perhaps the last – new construction community in the Glen.

173 homes are planned for this E.R. James Partners project.  As I’ve written in previous blogs, 34 will be single family homes and 139 will be row homes and townhomes.  I’ve recently learned more about the homes to be offered, particularly the sizes.  The single family home models, all with first floor master bedrooms, will range between 1,885 sq ft and 2,464 sq ft; and the architectural designs will be offered in New England shingle, French Country, and Old English.  The attached housing models will range between 2,037 sq ft and 2,980 (a mix of first and second level master bedrooms),and their architectural styles will be offered in New England shingle, Classic Revival, Old English, Craftsman, and Federal.  All homes will have three bedrooms and two-car attached garages.

Prices have not been announced.  There is some speculation (only speculation at this point) that the builder will attempt to price the homes roughly in between those in the Regency and Tower Crossing developments in The Glen.  Timeframes for construction and sales have not been announced.  E. R. James Partners has a sterling reputation for quality, as evidenced by its very upscale Glen development called Southgate on The Glen.  I believe the Westgate development will be very popular.

Margaret Ludemann, resident of The Glen and Tower Crossing Realtor  margaret.ludemann@gmail.com, (847) 401-1802

2013 homes sales UP in Tower Crossing

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Tower Crossing is a townhome development in The Glen, Glenview Illinois.  It is composed of 154 stunning units varying in size from 3031 sq ft to 4105 sq ft.  2013 was a very successful year for real estate sales, home rentals and home prices in this development.  In this blog I will tell you about the increase in sales.

20 Tower Crossing homes sold in 2013, compared with 11 in 2012, 13 in 2011, 6 in 2010, and 7 in 2009.  I had the good fortune to list and sell nearly half of all homes sold in 2013 (9 of 20).  7 realtors combined to sell the other 11 homes.

1 Distressed property sold in 2013.  A single distressed property sale in 2013 represents an improvement as compared with 2012 (4 sales) and 2011 (3 sales).  Distressed properties (bank owned or short sales) typically sell for well under market value, and that was the case with the Omni model bank owned property that sold in 2013.

Only 1 listed Tower Crossing home failed to sell in 2013!  20 of 21 listed homes sold last year compared with 4 failures in 2012.  Given the strength of the real estate market last year, it is surprising that even one home failed to sell. This was NOT my listing.

Time-on-market was greatly improved in 2013.  Time-on-market refers to the number of days between listing a home for sale and when it goes under contract with buyers.

The 19 non-distressed Tower Crossing homes sold in 2013 were on the market for a combined 1012 days, an average of 53 days.  This compares very favorably to 75 days in 2012.  It is vastly improved over the roughly 4 months in 2011 and 7 months in 2010.  I am proud that my non-distressed Tower Crossing sales in 2013 averaged only 17 days on market.  Tower Crossing homes sold by other realtors averaged 79 days.

Margaret Ludemann, Tower Crossing homeowner and @properties Realtor, 847-401-1802

“New Urbanism” in The Glen

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If you didn’t see Mary Ellen Podmolik’s story, “Paving the Way for a Vibrant Downtown”, in the Chicago Tribune on November 10th, please go online and find it.  Not only is Ms. Podmolik one of the finest journalists who write about real estate, but she selected a very timely and engaging topic…”new urbanism”.  In a nutshell the term means new homes in close proximity to create a feeling of neighborhood within walking distance of restaurants, shops and public transportation…yet often in suburban communities far from city center (read downtown Chicago).

The examples used by Ms. Podmolic are the School Street homes in Libertyville and the planned development on Floral Avenue in Skokie.  She points to research by the National Association of Realtors that shows that people will trade a large yard for a shorter commute and for a short walk to schools, restaurants and businesses.  But she might as well have written about The Glen, developed with this model in mind, fully a dozen years ago before the concept even had a name.

The Glen is a residential and retail community in the North Shore village of Glenview, Illinois.  The Glen has several neighborhoods, most within an easy walk to the retail hub called Glen Town Center which has scores of restaurants and shops along with a movie theater, coffee house, book store, and Kohl Children’s Museum.  Attea Middle School is also located in The Glen.

I live in a townhome development called Tower Crossing with 154 spectacular homes which border Glen Town Center.  We know our neighbors and see them constantly.  Our favorite activity is what we call “mailbox parties”, informal Sunday night cook outs in the common area by our mailboxes.  All homes are within a few STEPS of dining and shopping, and a few blocks from a Metra train station.  The Cambridge neighborhood with single family homes, townhomes, two-flats, and duplexes is just across Patriot Blvd from Glen Town Center.  Chapel Crossing’s many single family homes are a short walk as well.

If you may be interested in living in a “new urbanism” environment, please contact me.  I would love to show you what it’s like to live in The Glen.

Margaret Ludemann, Glen resident and @properties Realtor

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

Tower Crossing sales and prices higher than in 2012

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On the site of the former Naval air base in Glenview, Illinois sits a residential and retail development called The Glen which has become the premier lifestyle community on the Chicago area’s North Shore.  There are several neighborhoods in The Glen including Chapel Crossing, Landings, Southgate, Tower Crossing, Cambridge, Regency, Glen Shore and Patriot Commons.  In this blog I will discuss home sales and prices in Tower Crossing.

Tower Crossing is a townhome development with 154 beautiful brick homes ranging in size from 3031 sq ft to 4005 sq ft.  Tower Crossing has 6 models, (Astoria, Biltmore, Blackstone, Drake, Omni, and Valencia).

18 Tower Crossing homes have sold so far in 2013.  This exceeds the total number of sales (11) in all of 2012!!!  The following shows the number of sales and prices in 2013 by model:

Astoria:  5 Astorias have sold this year, however 1 was not listed.  The average price of the remaining 4 Astorias sold in 2013 is $669,975.

Biltmore:  0 homes have sold this year.

Blackstone:  6 sales at an average price of $712,000.

Drake:  3 sales at an average price of $687,500.  2 of these homes have elevators which positively impacted the prices paid.

Omni:  3 sales, however 1 was bank owned (it sold for $575,000).  The remaining 2 properties sold for an average of $706,000.  ($705,000 and $707,000.)

Valencia:  1 sale at $615,000.

If you are interested in Tower Crossing or any home in the other Glen neighborhoods, please contact me at 847-401-1802 or by email margaretLudemannl@gmail.com

Margaret Ludemann, Glen Resident & @properties Realtor