1. Long Meadow Farms is unincorporated Long Grove which means much lower taxes and less restrictions than in Prairie Trails. I could not build a home with a walk-out basement in Prairie Trails but I can in Long Meadow Farms. This was a big deal for me.
2. Long Meadow Farms is in the best school districts in the area. They are the same as Prairie Trails - District 96 elementary and 125 (Stevenson) high school. Ravenna is in one of the worst elementary school districts - (Diamond Lake). I would never send my kids to Diamond Lake elementary.
3. I met with the developer and asked the same question you did about the lack of movement. The developer has been building in the Long Grove area for 30 years. From what I could tell, they are very secure financially and said that they had no reason to sell lots at fire sale prices. I think that is why there is so little activity. I can tell you that I made a reasonable (but low) offer and we came to an agreement on the price. I think I got a steal - even in this economy for a walk-out lot on the pond.
4. The lack of building is definitely due to the economy. I am a perfect example of that. I paid cash for my lot but I am having a very, very difficult time getting a construction loan. I have a very nice income and excellent credit but the rates I am being quoted are absurd. I think most people are in the same boat.
5. The Rt. 53 extension will not happen in our lifetime. I did a tremendous amount of research on this. I live in the back of Prairie Trails and I do not think being 500ft. closer to an extension that has been talked about for 30 years makes any difference. There is no funding for 53, they do not even own the land and most of the extension would be cutting through wetlands which would never happen in this environmentally friendly climate we live in.
6. I am not sure what John Walin is talking about. The lure of Long Grove is the rural character. Almost all lots in Long Grove are one acre or more. Everyone I know loves Long Grove because of the more rural feel. Also the development that Kathy is talking about is not comparable to Long Meadow Farms. These are all custom home sites, not semi custom homes on small lots like Coventry Creek.
7. I almost forgot to mention that Long Meadow Farms has city sewer which is huge!!!!!!!
8. Lastly, I did some research on the homes that are built in Long Meadow Farms. They all sold for around 2 million dollars. I thought this would be a great opportunity to build a 1 million dollar home surrounded by bigger and more expensive homes. You never want to be the biggest or the most expensive in the community.
Long story short, I would recommend that you speak to some of the home owners in Long Meadow Farms. The young couple I met were very, very sweet and they love their home. They were at their pool with their two young children and I just walked up and asked if I could ask them a few questions about the neighborhood. They are very happy there and that was the clincher for me.
I know that I got a steal on my lot and once the economy picks up and the neighborhood is built-out I will be sitting pretty! I hope my long drawn out answer helps. I was in the same boat you are and I am very secure in the decision I made. If you would like to speak to me, just let me know and I would be more than happy to speak with you privately.
What's the approximate tax saving here for being unincorporated? I am still new to this unincorporated term so not sure how everything works. Some of the listing shows Water is private - what does that mean?
Call me if you care to discuss. If you found my post helpful please mark best answer and thumbs up. thanks!
MLS # Stat Street # CP Str Name Sfx Area LP/SP # Rms All Beds Baths Type SCI Photo Info
1 07702938 ACTV 20109 W Old Meadow Trl 47 $984,000 11 4 4 2 Stories
2 07497879 ACTV 23721 N Curtis Ct. 47 $998,000 11 4 3.1 2 Stories
3 07499864 ACTV 23682 N Curtis Ct 47 $998,000 11 4 3.1 2 Stories N
4 07702957 ACTV 23640 N Curtis Ct 47 $999,000 10 4 3.1 2 Stories N
5 07549567 ACTV 19885 Stone Pond Ln 47 $1,299,900 11 4 4 2
I also have some knowledge of why the new construction at Quentin & Rt 22 are not selling (Hawthorn Trails & Coventry Creek, both dist 96/125). I'd be happy to let you in on that if you like.
Thanks for your response. Where can I find out more about anything related to the extension. I mean White Oak Estates, Long Meadow Farms, and Prairie Trails all are about the same location. They all effectively back up to one another. Would you say the same thing about the other two subdivisions?
I had heard the proposed 53 extension was through what today is the Kemper Lakes Campus with at least a 5-7 year study ahead of us before another referendum would come up to approve a build.
I've seen so many posts from you before.. you really are doing your due diligence before deciding on an area to live... it's very commendable = )
The one thing to be careful of in that subdivision is just north of it is where the proposed Rt 53 extension would be, which tends to turn buyers off. Ravenna has slow sales because while it is Stevenson HS it has Mundelein grade schools as opposed to neighboring communities which attend award winning Dist 96.
If you ever have another question I'd be happy to take your question directly at firstname.lastname@example.org
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