The John Wallace house was demolished in the 1980s after the Downers Grove Park District acquired the property.

The home sat on a 20-acre plot of land that is now Downers Grove Park District’s Ebersold Park.  The land was once owned by Marguerite and Fred Ebersold, who would allow local children to use it as a sled hill during the winter months.  The Park District purchased the land from brother’s Ken and Keith Ebersold in 1987. The newly formed park was named in honor of the Ebersold family,

In 1989, the Park District proposed building an aquatic park on this location. The proposal was met with resistance in the community. The Open Land Association was formed and referendum on the project was defeated by voters in 1990.