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Naperville, Oswego and Bolingbrook Information
Welcome > Local Info > Naperville, Oswego and Bolingbrook Information ...

Naperville River Walk
Naperville Illinois covered bridge on the river walk along the DuPage River
Naperville Illinois downtown
Looking east on Jefferson in Downtown Naperville Illinois

About the Naperville, Oswego, Bolingbrook, and other communities in the western suburbs of Chicago Illinois Area 

Naperville, Illinois: 

Naperville, 28 miles west of the Chicago loop, was settled in 1831 with the credit going
to Joseph Naper. Soon, saw mills and grist mills were built and even stone quarries existed
that provided building materials, some of which were used for rebuilding after Chicago’s
devastating fire in 1871. 

In 1864 the Chicago, Burlington and Quincy railroad established a line through Naperville,
and the growth continued with this new link to Chicago. In 1870, North Central College
located to its Naperville location. Presently many colleges and universities have satellite
campuses in the area. Naperville acquired city status in 1890 and by 1900 had grown in
population to around 2600.  

By 1960, Naperville was gaining in population, but really exploded in the 1980’s after the
building of the East-West tollway with an interchange for Naperville thus linking it to
Chicago via the Eisenhower expressway, and there was also a direct route to Chicago on
the Stevenson expressway on the southern border. With this new access, Naperville was
really “on the map” and continued to thrive into what is now a city of around 140,000
making it the 4th largest city in the state. 

With its excellent schools, vibrant downtown and lovely residential areas, Money magazine
has rated Naperville in the top of best cities in which to live with comparable populations. 

Today, Naperville is vibrant---day and night. It offers extensive shopping and fantastic
restaurants with a number of Chicago venues locating here. 

Naperville also boasts two train stations plus an underpass to access downtown via
Washington St.—a main street of the city. In the early 80’s building of the Riverwalk
commenced and now stretches several miles on which to stroll along and enjoy. In 2000,
the new Millenium Carillon was dedicated adding to the enjoyment of the Riverwalk Park.
Toward the end of the Riverwalk is Centennial Beach which encompasses two acres of
water in an abandoned quarry, featuring a sand beach with 0 depth walk into water and picnic
areas. There is also a nationally competitive lifeguard team. The most recent addition to the
Naperville cityscape is the Center for Performing Arts being built on Chicago Ave. near
North Central College. 

My wife has lived in Naperville or the vicinity for almost 25 years----first from 1974 to 1980 and again from 1989 to the present, it is amazing to see the fantastic progress from a small town to the flourishing city it is today. Naperville seems to know no bounds, and it will be exciting to see what the future brings. 

Check out the History of Naperville, Illinois.  

 

 

 


 

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School Reports in Naperville, Oswego and Bolingbrook, Illinois
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Real Estate Tips
About Appraisals >Fair Market Value

What is the best price for a piece of real estate? Mortgage lenders, appraisers, and real estate brokers use what is called the "fair market value" (FMV). FMV has been defined as "the price that a buyer is willing to pay and the seller is willing to accept, when both parties are knowledgeable about the property and neither is under any time pressure to buy or sell". Sounds great, but how is this price determined?

The starting point for determining a fair price may be an opinion of the value or "comparative market analysis". Such an analysis uses information on similar properties which are: 1) currently for sale, 2) already sold, or 3) expired properties (those which did not sell). Local, national and international trends and market conditions must also be evaluated.

By comparing similar properties in each of the three categories and the market conditions, appraisers, lenders and agents come very close to the maximum price that buyers would be willing to pay for a house.

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Real Estate Trivia
Q 
What is considered one of the few remaining tax shelters in the 1990s?

A 
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million.
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Jay Shepherd, REALTOR®, real estate agent and broker for Naperville, Oswego and Bolingbrook, Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Jay Shepherd
RE/MAX Professionals Select

2272 95th Street
Naperville, IL 60564
630-294-4900
Fax: 630-904-7130
Jayshepherd@NUMBER1EXPERT.COM
JayShepherd@remax.net

ABREqual HousingMLSREALTOR


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