Great Development Opportunity:
Clear Title - No liens or back Taxes.
Ideal for building large Single Family Detached Houses in a nice attractive location with easy access to state roads and close to many facilities and amenities.
10 min to major expressway, 20 minutes to large shopping outlet centers and less than 1 hour to a major international airport.
Within commutable distance of Chicago City.
Quiet country location just outside of world class amenities.
Property located within 1 mile of the rapidly developing popular town of Hampshire, Illinois.
Convenient location close to a wide variety of major retail stores and restaurants.
Expanding and highly popular location: Population growth since 2000: over 130%
Great investment-
Ideal for a large single family home.
Minimum sq ft of houses to be built:
1 storey: 1,700 sq ft
2 storey: 2,000 sq ft
Fully Serviced lot- Road and infrastructure complete- in a great location:
READY TO START BUILDING:
.Village water/sewer(including services)
.Gas
.Electrics
.Cable/ Internet
.Phone
Prairie Ridge Community offers Design Guidelines which maintain quality in the community without being restrictive (see attached copy of the guidelines under 'more details')
Great development opportunity:
Improved lot ready to build allowing the developer easy budgeting and significant savings on development time and finance costs.
Just submit your designs and start building :
Submit your plans and start building in no time, no roads or utilities to worry about, major infrastructure costs already spent.
Great location:
Features the best of both worlds:
Many lots overlook a small a beautiful small lake and some lots overlook a nearby farm which gives it a unique country feel.
The property is located on Allen Rd at the Wild Prairie Point intersection, just over 1 miles away from Hampshire village in a beautiful country feel setting yet close to world class amenities. The location is outstanding with convenient access to major expressways and local facilities and amenities, while maintaining a hometown feel. The area has many great schools, is a great park district, and boast many recreational amenities and shopping facilities.
Shopping and recreational facilities:
The town of Hampshire has many local stores, restaurants, banks and several amenities.
Further afield but within short driving distance, there are several large shopping malls and entertainment and recreational facilities
The Algonquin Galleria and Algonquin Commons combine to form the second largest retail complex in the state of Illinois.
Recreational Facilities:
The property is close to many centers of activity with events community gatherings and celebrations to concerts and fun runs.
Schools:
Close to several good highly rated schools:
4 Elementary schools
2 Middle Schools
1 High School plus a new High school 5 minutes down the road
The property is within commuting distance of Chicago and about 45 minutes drive to a major international Airport:
Demographics (within 5 miles):
Population: 15,069
Population change: 2000-2013: +130.62%
Average household income: $80,000
Finished homes comps:
Example of finished new homes of similar size for sale by other developers in the area:
Ryland Homes:
Tuscany Wood
Tuscany Woods (Distance from the site 3.3 miles) - (1595 - 2455 sq.ft.) : $175,000- $215,000 (7 homes to be available soon)
Lakewood Crossing The Meadows (Distance from the site 4.9 miles) - (1595 - 2455 sq.ft.) : $175,000- $215,000 (9 homes to be available soon)
William Ryan Homes:
Hampshire Highlands (Distance from the site 2 miles) - (1798- 3294 sq ft) : $245,000- $305,000 (12 homes available now)
Other homes for sale:
12 N 204 Route 47 Hampshire, IL 60140- 1,760 sq ft - 3 Bed - $340,000
684 Hampshire Dr. Hampshire, IL 60140 - 2,640 sq ft - $310,000
45W288 Sumac Ln. Hampshire, IL 60140 - 2,966 sq ft - $399,900
Great Investment:
According to Trulia.com:
Average listing price in 60140 is: $235,424
Average sale price in 60140 is: $219,750
Great rental income for completed houses:
3 bed houses are renting for $1,675/ month
4 bed houses are renting for $2,395/ month
(hotpads.com)
Comps: lots for sale:
Unimproved (no roads or infrastructure):
43W931 Rt. 20, Hampshire, IL 60140 - (distance 3.8 miles)- 1.5 acres- $570,600 (unimproved)
Improved (roads or infrastructure):
Higgins Road & Route 20, Pingree Grove, IL 60140 - (distance 5.5 miles) - 29 acres- $5,396,500 (improved with utilities and roads)
Approvals and design requirements:
The lot have been zoned and annexed to the village and infrastructure and services in place. To proceed the builder just needs to submit plans for approval by:
1. Design Review Committee of the Prairie Ridge Community (approval takes up to 15 days). The Prairie Ridge Community offers design guidelines (copy attached )which also describes the documents and plan that need to be submitted for approval.
The design guidelines are intended to ensure that high standard of home designs is maintained throughout the community. This ensures high quality development on the community without being restrictive, which maintains quality and ensures homes command higher prices. It specifies set back dimensions, discourages and restricts repetition, and specifies minimum size:
Minimum sq ft:
1 storey: 1,700 sq ft
2 storey: 2,000 sq ft
Design guidelines also cover colors, exterior sidings, facades and porches, roof, garages and driveways as well as decks, patios, swimming pools, auxiliary buildings, play equipment, antenna and dishes and landscaping and fencing.
2. The Village of Hampshire for building permits for building a house on the lot.
Sold AS IS, WHERE IS - Warranty deed- (No liens- All back taxes will be paid at closing)
The current community assessment is $35 per lot per month.
Winning bidder must contact the seller within 24 Hours after the close of the auction with full details of the buyer. Buyer is responsible for 9% auction premium. There are no document preparation fees.
10% non-refundable deposit, auction premium of 8% are to be paid within 48 hours of auction close. Final Payment to be made within 4 weeks of the Auction close.
All bidders to do their due diligence and verify directly. No statement anywhere, whether express or implied, shall be deemed a warranty or representation by the Seller regarding these assets. All buyers are deemed to have relied entirely on their own information, judgments and inspections of the property in making the decision to purchase the property.
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