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THE TEARDOWN EFFECT: As homes come down, village image remade


teardowns1-0518-dsl COLOR
By Erica Benson
These two homes on The Lane in Hinsdale are common examples of how teardowns and new construction have shaped the community of Hinsdale.
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By Seth Ufheil
Oak Brook Suburban Life

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Hinsdale, IL -

Elizabeth Barrow of Hinsdale takes little pride living in a town that has been called the teardown capital of the nation.

“It literally takes a village to save a house here,” she laments.

Barrow, 62, and her husband, Ed, have witnessed the changes in their community during three decades from the steps of their 137-year-old home in the 300 block of North Washington Street.

The Barrows’ two-story 1870 farmhouse, which is one of the village’s original homes, has become a sort of an endangered species in Hinsdale.


ss_icon TEARDOWNS SLIDESHOW


For nearly three decades, the teardown craze has seen older — and sometimes historic — homes toppled with stunning regularity. Towering structures catering to more modern living have been built in their place.Those homes avoiding demolition, such as renowned architect R. Harold Zook’s 1924 home and studio, two years ago required a villagewide effort to save it from a developer’s wrecking ball.

The Barrows’ viewpoint on teardowns is one of many. The trend arguably has ushered in both good and bad characteristics to a town whose identity has largely been remade as a result.

Demolition derby

Hinsdale teardowns began in earnest in the late 1980s and peaked about two years ago when a record 118 homes came down, according to the village.

Village Building Commissioner Robert McGinnis said more than 1,500 homes — about a third of Hinsdale’s housing stock — have been replaced by new structures since the village began keeping records of home demolition in 1986.

Hinsdale’s average single-family home sales price: 1992 to 2006

Year            Total Sales       Sale Price
1992                  559                $331,814
1993                  658                $348,809
1994                  400                $378,239
1995                  354                $423,337
1996                  392                $470,504
1997                  345                $496,544
1998                  417                $510,798
1999                  437                $565,772
2000                  368                $705,418
2001                  337                $755,174
2002                  386                $799,388
2003                  361                $854,108
2004                  398                $972,131
2005                  356             $1,026,763
2006                  260             $1,099,317

Note: No listing data available for Hinsdale prior to 1991

Source: Multiple Listing Service of Northern Illinois Inc. of Lisle

 

Since then the average has hovered around 72 homes a year. But seven times in the last 12 years, that number has met or exceeded 100 demolitions, according to the village.

McGinnis, who has been on the job for a year, said the lion’s share of homes replaced were those hastily built on concrete slabs after World War II. Also included in that group is an estimated 15 to 20 homes whose history might have warranted preservation, but instead the residences were torn down, he said.

Who’s building, buying?

Jim McMahon has no problem with teardowns, and sees their benefit to town.

McMahon is a Hinsdale resident who owns J.P. McMahon Builders, which custom builds single-family homes in the $5 million range. McMahon built such a home on the Zook’s former lot.

He said his ability to buy property from residents to tear down their homes and build new often nets them millions. It also raises everyone’s property values.

“I have purchased the majority of my teardowns from elderly folks who are headed into retirement and their residence is their single largest asset,” McMahon said.

Without being able to knock down those residents’ homes, the sale would result in hundreds of thousands of dollars less for the seller, and less development in town, he said.

John Bohnen, broker/owner of County Line Properties in Hinsdale and longtime resident, said teardowns also help meet the needs of those buyers seeking to move into town.

“Seven out of 10 customers want a brand-new house,” he explained.

Empty-nesters, or adults with grown children, and families are equally interested in $1 million homes to escape condominium-living, without the maintenance needs of an older home.

“Older houses have to be in great shape or they are going to be afraid of it,” Bohnen added.

Here to stay

At the same time teardowns have occurred, the average home sales price in Hinsdale has soared, increasing more than threefold since 1992 to $1.1 million, according to Multiple Listing Service of Northern Illinois Inc. in Lisle.

Additionally, new families who have enrolled their children in Community Consolidated School District 181 have helped bump the district’s enrollment 1.5 times to more than 4,000 students.

Still, Barrow, a resource teacher at District 181’s Oak School in Hinsdale, said change has not been entirely good.

Next door to the Barrows is one of the original Hinsdale teardowns built about a decade ago that has seen several families and empty-nesters come and go.

High turnover has stolen the Barrows’ sense of neighborhood and community.

“I understand for some, financially, there is no better choice than to sell to builders,” Barrow said.

“But we certainly have failed in trying to stem the flow.”

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