Village On The Lake sits at 840 Wellington Avenue in Elk Grove Village. This mid-rise building has 5 stories and consists of 65 units. It offers a nice variety of living spaces for residents. Each unit ranges in size from 1,300 to 1,400 square feet and includes either 1 or 2 bedrooms.
The pricing for units falls between $185,000 and $208,000. Recent sales show an average closed price of $185,000. This means the average cost per square foot is about $236. The market keeps moving with units spending around 133 days on the market before selling.
The building was constructed in 1973. It has plenty of amenities for residents to enjoy. Features include an intercom system, laundry facilities, a clubhouse, and an in-ground pool. There is also a tennis court and exercise room for fitness enthusiasts. Plus, stunning water views add to the charm.
Nearby, there are several businesses like cafe and local markets. Access to parks and bike trails creates a great environment. The area is also easy to navigate, with local roads leading to nearby attractions.
Living here means enjoying a friendly community. The layout of the building facilitates connections between neighbors. Outdoor amenities encourage a lifestyle that blends comfort and activity. It's a short drive to local lakes, perfect for anyone who enjoys nature and waterside activities.
Village On The Lake sits at 840 Wellington Avenue in Elk Grove Village. This mid-rise building has 5 stories and consists of 65 units. It offers a nice variety of living spaces for residents. Each unit ranges in size from 1,300 to 1,400 square feet and includes either 1 or 2 bedrooms.
The pricing for units falls between $185,000 and $208,000. Recent sales show an average closed price of $185,000. This means the average cost per square foot is about $236. The market keeps moving with units spending around 133 days on the market before selling.
The building was constructed in 1973. It has plenty of amenities for residents to enjoy. Features include an intercom system, laundry facilities, a clubhouse, and an in-ground pool. There is also a tennis court and exercise room for fitness enthusiasts. Plus, stunning water views add to the charm.
Nearby, there are several businesses like cafe and local markets. Access to parks and bike trails creates a great environment. The area is also easy to navigate, with local roads leading to nearby attractions.
Living here means enjoying a friendly community. The layout of the building facilitates connections between neighbors. Outdoor amenities encourage a lifestyle that blends comfort and activity. It's a short drive to local lakes, perfect for anyone who enjoys nature and waterside activities.
Description
Village On The Lake sits at 840 Wellington Avenue in Elk Grove Village. This mid-rise building has 5 stories and consists of 65 units. It offers a nice variety of living spaces for residents. Each unit ranges in size from 1,300 to 1,400 square feet and includes either 1 or 2 bedrooms.
The pricing for units falls between $185,000 and $208,000. Recent sales show an average closed price of $185,000. This means the average cost per square foot is about $236. The market keeps moving with units spending around 133 days on the market before selling.
The building was constructed in 1973. It has plenty of amenities for residents to enjoy. Features include an intercom system, laundry facilities, a clubhouse, and an in-ground pool. There is also a tennis court and exercise room for fitness enthusiasts. Plus, stunning water views add to the charm.
Nearby, there are several businesses like cafe and local markets. Access to parks and bike trails creates a great environment. The area is also easy to navigate, with local roads leading to nearby attractions.
Living here means enjoying a friendly community. The layout of the building facilitates connections between neighbors. Outdoor amenities encourage a lifestyle that blends comfort and activity. It's a short drive to local lakes, perfect for anyone who enjoys nature and waterside activities.
Village On The Lake Key Stats Last 12 months
Avg. Listed Price$184,900($236/Sqft.)
Avg. Sale Price$185,000($236/Sqft.)
Year over year list price1.59%
Year over year sale price3.35%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market133 days
Average HOA fees per sqft$2 /monthly
Key Stats
Year over year list price1.59%
Year over year sale price3.35%
Total Listings1 Listed
Total sold1 Sold
Average Days on Market133 days
Average HOA fees per sqft$2 /monthly
Glen Gardens Estate Availability & Demand
Unit Availability
Low
High availability buildings list units frequently.
Unit Availability helps to understand how often units in a particular building are listed for sale as compared with the neighborhood average. Units are rarely listed in buildings with low availability.
Unit Demand
Low
Units in high-demand buildings sell quicker.
Unit Demand is a measure of quickly units in a particular building sell as compared with other buildings in the neighborhood. Units in high-demand buildings sell more quickly.
You’ll be glad to know that the building has straightforward policies, making it easy for residents to settle in and feel at home. The community is designed for comfort and convenience, fostering a welcoming environment for young homeowners and families alike.
Pet Allowed
BBQ Permitted
Sublet Allowed
Short-term Rental Allowed
Compare with Buildings in the Neighbourhood (Last 12 Months)
Compare building's average price/sq. ft. and HOA fees/sq. ft. to buildings nearby
This neighborhood indicates a good mix of people which makes it a good place for families. About 19.3% are children aged 0–14, 14.42% are young adults between 15–29, 22.58% are adults aged 30–44, 19.26% are in the 45–59 range and 24.43% are seniors aged 60 and above.
Commuting options are also varying where 81.88% of residents relying on driving, while others prefer public transit around 4.33%, walking around 0.52%, biking around 0.85%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 62.36% of units owner occupied and 37.64% are rented.
The neighborhood offers different household types. About 30.78% are single family homes and 7.07% are multi family units. Around 34.02% are single-person households, while 65.98% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 28.15% of residents have bachelor’s degrees. Around 23.99% have high school or college education. Another 10.47% hold diplomas while 13.02% have completed postgraduate studies. The remaining are 24.36% with other types of qualifications.
Demographics Description
This neighborhood indicates a good mix of people which makes it a good place for families. About 19.3% are children aged 0–14, 14.42% are young adults between 15–29, 22.58% are adults aged 30–44, 19.26% are in the 45–59 range and 24.43% are seniors aged 60 and above.
Commuting options are also varying where 81.88% of residents relying on driving, while others prefer public transit around 4.33%, walking around 0.52%, biking around 0.85%, allowing residents to choose travel modes that best fit their daily routines.
Most homes in the area are with 62.36% of units owner occupied and 37.64% are rented.
The neighborhood offers different household types. About 30.78% are single family homes and 7.07% are multi family units. Around 34.02% are single-person households, while 65.98% are multi person households. This mix works well for families, roommates, and individuals.
Education levels in the neighborhood vary widely where 28.15% of residents have bachelor’s degrees. Around 23.99% have high school or college education. Another 10.47% hold diplomas while 13.02% have completed postgraduate studies. The remaining are 24.36% with other types of qualifications.
Age Demographics
19.3%(0 - 14 years old)
14.42%(15 - 29 years old)
22.58%(30 - 44 years old)
19.26%(45 - 59 years old)
24.43%(60+ years old)
Commute
4.33%
Transit
0.52%
Walk
81.88%
Drive
0.85%
Bike
Housing Ownership
62.36%
Owner Occupied
37.64%
Rental Units
Household Types
30.78%
Single Family
7.07%
Multi Family
34.02%
Single Person
65.98%
Multi Person
Education
Bachelors Degree28.15%
High School College23.99%
Diploma10.47%
Post Graduate13.02%
Others24.36%
Education
Diploma10.47%
Post Graduate13.02%
Others24.36%
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