This article is published courtesy of the Hanover Park Hi-Lighter, November-December 2013. Information provided by: Ralph Kanehl. The Editor in Chief, Regina Mullen, graciously allowed us to republish the article in this blog.
A Bit of Hanover Park History: Hanover Highland
The Kingston 400
In 1962 the Village Board approved a plat of subdivision for Hanover Highlands. Six model homes were built south of Walnut Avenue on Valley View Drive. Basic home prices, before options, ranged from $14,995 to $19,995.
The Monticello 500
Interest rates for a conventional 24 year mortgage started at 6 1/4% with 20% down for a monthly payment of $94.00, including taxes and insurance. A 29 year mortgage started at 6 1/2 % interest with 3 1/4% down for a monthly payment of $117.50, including taxes and insurance.
The Holiday 100
When completed Hanover Highland was home to 370 families and a new school, Hanover Highlands Elementary School.
Local History Librarian
Schaumburg Township District Library