Great Information for New Wheaton Residents!

If you are interested in moving to Wheaton and want to browse Wheaton homes and more information please visit use the link below!

Move to Wheaton

Real Estate Transfer Tax Stamps

Before buying property in Wheaton, buyers must pay a real estate transfer tax at the rate of $2.50 for every $1,000 of property purchased. Learn more about the real estate transfer tax.

Water Service

Wheaton residents receive Lake Michigan water and are billed on a monthly basis by the City of Wheaton. New residents must complete an application for water service at City Hall, 303 W. Wesley St. Renters and commercial property owners also might need to submit a water deposit. Also, find out how to pay your water bill.

Sewer Service

The Wheaton Sanitary District or the DuPage County Public Works Department provide sewer service for Wheaton residents. Most of the City is served by the Wheaton Sanitary District, but the far southeastern portion of the City is served by DuPage County.

Garbage and Recycling Pickup

Veolia, a company contracted by the City of Wheaton, provides weekly garbage, yard waste, leaf and recycling pickup for Wheaton residents. The program requires the use of garbage/yard waste and leaf stickers that can be purchased at many local stores and at City Hall. Residents who do not want to use garbage stickers can contact Veolia at 630-587-8282 to set up a monthly service in which Veolia provides a 95-gallon toter (garbage cart) and bills customers monthly.
Recycling does not require any stickers, and recyclable materials should be placed in the blue wheeled recycling cart that Veolia provided to each household. Find out where to buy stickers and see the Garbage Collection Day Map (pdf) to learn your pickup day. Also see the garbage and recycling section for other important guidelines.

Utilities & Service Providers

To set up utility services in Wheaton, contact these local providers:
• Electricity: ComEd, 800-334-7661
• Gas: NICOR Gas, 888-642-6748
• Telephone: AT&T, 800-244-4444 or Comcast, 866-594-1234
• Cable: Comcast, 866-594-1234; several different video service providers also available

Other Important Information:

• There is no overnight parking on any City street from 2 a.m. to 6 a.m. If you wish to park on a City street during this time, you must call the Police Department at 630-260-2161 to report that you vehicle is on the street. If you do not report your vehicle, it will be ticketed.
• The City does not require an annual vehicle sticker for any vehicles.
• The City does not require dog or cat licensing, but vaccinations must be up-to-date, and you must remove your pet’s waste from any property that is not your own.
• Water bills and parking ticket payments can be paid on the first floor of City Hall, 303 W. Wesley St., or they can be placed in the white mailbox in the driveway just west of City Hall off of Wesley Street.
• Lawn watering restrictions are effective May 15 to Sept. 15. Residents with odd-numbered street addresses can water their lawns on odd-numbered days, and those with even-numbered addresses are limited to even-numbered days. Sprinkling is prohibited between noon and 6 p.m. every day. 

Taken From The City of Wheaton Website

How Rising Interest Rates Will Impact Home Affordability....By: Jay Papasan

In a recent Forbes blog post, multimillionaire hedge fund manager John Paulson declared that today’s record-low interest rates made this the best time to buy homes in fifty years. “If you don’t own a home, buy one,” Paulson said. “If you own one home, buy another one, and if you own two homes, buy a third and lend your relatives the money to buy a home.”  Why should we care what Paulson thinks? Well, he was among the few to accurately predict the subprime collapse and, while no one has a crystal ball, a closer look at the numbers supports his call to action.

Historically low interest rates are the key…and they aren’t likely to hang around for long.

As we wrote in SHIFT, buyers who “choose to wait until prices come down more” are gambling that interest rates will hold steady or drop. The truth is even a 10 percent drop in home prices is nullified by a 1 percent increase in interest rates. The figure below illustrates how this works for a $250,000 home purchase and the relative likelihood of each scenario.

To figure out which was a smarter bet–counting on home prices to fall further or interest rates to rise–our research department took the last ten years of monthly home price and mortgage interest rate data and ran the numbers to see which was more likely: an increase in mortgage rates or a further drop in home prices. Here’s what we found:

1. A one percent increase in mortgage rates is ten times more likely to happen than a ten percent drop in home prices.
2. A one percent rate increase more than offsets a ten percent reduction in home prices.
3. When interest rates fall by one percent, the total interest paid is almost three times more than the interest savings from a ten percent drop in home prices.
4. The probability of both happening at the same time is ridiculously small, and homeowners would still pay 15 percent more in interest over the life of the loan.

Interest rates have dominated the news in recent months as we’ve shattered record low after record low. Potential home buyers need to understand the positive financial impact low interest rates have on the cost of home ownership and the thousands of dollars that can be saved over the life of a typical mortgage loan. For those who can afford to buy, trade up, or invest, our current market presents a lifetime opportunity.

Wakeman in Wheaton, IL

This Sunday there will be an open house from 1:00-3:00 PM on 1510 E. Wakeman in Wheaton, IL.  Great location with an huge yard, an awesome starter home, and to top it off it's move-in ready!  Refreshments will be served!