One of Wheaton’s most historic properties was purchased by residential home builder Pulte. This land acquisition was extremely controversial, and several town hall hearings were devoted to this topic. I was in attendance for two of the meetings, and heard neighbors, other residents, representatives from Pulte, the nuns, and city board members speak. One of the more difficult topics involved in the development of the 48 proposed properties in the subdivision was the fate of the 1897 Jarvis Hunt mansion, “The House of Seven Gables”. It was originally to be demolished, but thankfully Wheaton long-time residents, Bob and Katy Goldsborough, purchased it for $100, according to the Daily Herald. It has since been relocated within the subdivision.
Ultimately, Pulte moved forward with the development of this 15.7 acre subdivision and named it “Loretto Club”. I was able to attend a brokers-only event to learn more about the details of these homes. Here is what I learned:
Their target audience is 55 and over, but it is not a designated 55+ neighborhood. They offer ranch and 1st floor master option floor plans to help attract this demographic.
There will be two ranch (single story) models, and two 2-story models. In order to ensure that the neighborhood is not too cookie-cutter looking, there are 4 different exterior options for each model, and the home owners can select their own paint color options as well.
The square footages of the homes range from 2,400-3,400 square feet. The average price mark-up for a premium lot is $33,000, but the few lots that are sandwiched between Chicago Golf and Seven Gables Park are an additional (approx.) $50,000.
Buyers are able to start reserving lots the first week of December 2017, and they believe a model might be completed by February 2018.
Here are some of the handouts I picked up from the Loretto Club informational event:
Photos of the 4 models
Base Pricing Information
I grew up down the street from Loretto on Danada Drive, and feel this is one of THE MOST coveted locations anywhere around. I cannot imagine a more valuable piece of property in this area, being adjacent to Chicago Golf and Wheaton’s best park-Seven Gables. There is a direct access walk-way from Loretto Club to Seven Gables. The path connects to Seven Gables’ paved path behind the lake.
Contact me for more information! If you’re possibly interested in purchasing one of the new homes here at Loretto Club I would be happy to help assist you in that process!
I’m a Wheaton resident and Wheaton realtor!
Jackie Angiello, RENE, CSC, SRS
Realty Executives Premiere