With rising chatter of green talk, I thought it would be interesting to mention some of the buildings in Evanston that are using geothermal technology, which uses the earth to cool and warm a building.
Geothermal systems use underground pipes that pump and circulate water mixed with an anti-freeze solution that is heated or cooled by the Earth’s constant temperature between 50 and 60°F. In winter, heat from the relatively warmer ground goes through the heat exchanger into the house. In summer, hot air from the house is pulled through a heat exchanger into the relatively cooler ground. Heat removed during the summer can be used as no-cost energy to heat water.
According to the U.S. Department of Energy, geothermal systems use 25-50 percent less energy than traditional heating and cooling systems. The following are buildings equipped with geothermal systems.
2500 Green Bay – Evanston – Attention developers. This is the deal of a century! This foreclosed development has about $300,000 of excavation and foundation work done, including the geothermal system. The previous owner sunk about $1.5 million into the project. The site is 50 x 200. The price – $550,000!!!!
929 Sherman – Evanston – Along with the geothermal system, this four bedroom historic landmark home has a recycled tire roof, recycled ash flooring and FSC certificate Brazilian cherry flooring. Price tag – $649,000.
1613-1691 Church – Evanston. The 40-unit townhome development, Church Street Village, is one of the nation’s first large residential developments to use a geothermal system. The system provides 100% of the heating and cooling energy. Evanston’s own Indie Energy installed one geothermal energy well beneath the slab of each town home, to a depth of 400 feet. This energy well provides all of the heating and cooling energy for the individual unit-there is no auxiliary system. The majority of the units have sold. There are two active listings – from $350-425,000.
1111 Sherman – Evanston – This home has not been built but the developer is offering a geothermal, solar and green roof options. Price tag- $875,000.
801 St. Johns – Highland Park – This Energy Star certified home was designed by Evanston’s green architect, Nathan Kipnis. The home has a geothermal system and radiant floor heat. It sold during a foreclosure process for $1,082,500 on Sept. 26, 2008.
1823 Church – Evanston – The Boocoo Cultural Center and Cafe has a geothermal system that was installed by Evanston’s Indie Energy. The 5,000 square foot facility, previously a gas station, grocer, and dollar store, now contains a music school, recording studio, 125-seat performance space, yoga and fitness classes, and a cafe specializing in organic and free-trade fare.
Today’s Closed Properties
1403 Greenleaf – Evanston – $250,000
901 Hinman #3D – Evanston - $291,000
807 Davis #1612 – Evanston – $607,500
853 Laurel #0- Highland Park – $625,000
1896 Hackberry – Lake Forest – $715,000
25 Sheridan – Highland Park – $725,000
931 Pontiac – Wilmette – $740,000
898 Beverly – Lake Forest $950,000
Based on information from Midwest Real Estate Data for the period Jan. 28, 2009 through Jan. 31, 2009. Listing and solds by various Participants of MRED
For more real estate information, please call me at 847-512-2724 or email me at TPareti@rubloff.com
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