Archive for the ‘Hanover Park’ Category

THE BEGINNING OF THE HANOVER HIGHLAND SUBDIVISION

December 8, 2013

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.

Imperial 410

Jane Rozek
Local History Librarian
Schaumburg Township District Library