The Hundred Acre Woods Neighborhood in Rochester MinnesotaMarch 26th, 2018 | by nfleming | Posted in General | #Hundred Acre Woods, #Land, #Lots, #Minnesota, #Neighborhood, #Rochester
The Story Behind Hundred Acre Woods
Hundred Acre Woods was developed in the early 2000’s. The first phase of the Hundred Acre Woods neighborhood included lots that sold for between $55,000 and $75,000.
The remaining lots were then split off into the 2nd phase now called “The Highlands at Hundred Acre Woods” and sold to a twin cities developer. Unfortunately, the developer soon went bankrupt.
Due to the number of parcels, the foreclosure process for neighborhoods like this is typically quite lengthy. In this case, the second phase of Hundred Acre Woods sat for 2 and a half years under a transaction freeze of sorts.
When the recession hit, the bank went bankrupt as well. This started the 2 and a half year long foreclosure process all over again from the beginning.
After five years off the market, the bankrupt bank’s portfolio was purchased along with land in The Carolina’s, the Dakota’s, Minnesota, and Wisconsin.
Bob Fleming then purchased the second phase of Hundred Acre Woods, (The Highlands) from the investment group. This second phase included 72 beautiful lots.
Instead of raising lot prices to current market values of $65,000-75,000, Bob Fleming priced the lots at $30,000-35,000. This helped create a niche for homes in the price range of $300,000-750,000.
Buyers who build in The Highlands at Hundred Acre Woods are now able to put more money into their home instead of sticking that money into the cost of the land. In other words, you get more house for the money in The Highlands at Hundred Acre Woods.
We’ve now sold over 50 homes in The Highlands at Hundred Acre Woods in two short years. It’s no surprise, as the lots are larger than most city lots, ranging from 90 x 200 all the way up to 100 x 130.
Buyers who want to build in The Highlands at Hundred Acre Woods have walk out, day light, and flat lots to choose from; so there’s something for everyone.
What You Should Know Before Building in Hundred Acre Woods
- Each home should be designed with front elevation that is more prominent than the garage.
- The minimum roof pitch of the structures primary roof shall be 8/12.
- All decks and patios/terraces must be designed as part of the home and be completed at the time the home is constructed.
- The front elevation requires James Hardie Siding or LP Smartside Products for siding materials.
- Side and rear elevations may utilize vinyl siding materials.
- There is no required minimum amount of stone to be on the home.
- When used, brick and stone must wrap around the house corners at least 24 inches.
- Andersen Windows are the required window product.
- All windows are required to be trimmed with a minimum of 6″ LP SmartSide Trim or James Hardie Trim Board.
- Driveway width at the street shall be no more than 18 feet wide.
- Driveway grade shall be not more than 10%.
- Two Story homes must be at least 2,000 square feet – combined finished on main and second level.
- Rambler homes must be at least 1,300 square feet – combined finished on main level.
- Minimum required budget for landscaping will be $5,000. This may not include the required sodding or retaining walls.
- Landscaping to be completed by the Builder or Owner within 180 days after closing on the home.
- All fencing to be approved by ARC Committee.
- Any fencing shall not exceed 6 feet in height.
- Galvanized Chain Link fencing is prohibited for all purposes.