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Will County Gazette

Saturday, April 20, 2024

Q4 real estate sales report: Lincoln Estates

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Median prices declined in Lincoln Estates over last year, and are up 2 percent over 9 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 1 home sold in Lincoln Estates for a price of $220,000. That's 20.1 percent lower than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Lincoln Estates.

Median property tax for homeowners in Lincoln Estates was $8,534.20 in 2017 according to tax data from that year. That means homeowners pay 3.1 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Lincoln Estates real estate: Q4 2010-2018
Properties sold
Median sale price
Change in sale price
2010
2
$215,745
-
2013
3
$88,317
-59.1%
2014
4
$177,550
101%
2015
1
$270,300
52.2%
2016
1
$304,500
12.7%
2017
1
$275,400
-9.6%
2018
1
$220,000
-20.1%

Median property tax
Median sale price
Effective property tax rate
2010
$6,089.61
$215,745
2.8%
2013
$5,908.01
$88,317
6.7%
2014
$5,732.07
$177,550
3.2%
2015
$7,678.78
$270,300
2.8%
2016
$0
$304,500
0%
2017
$8,534.19
$275,400
3.1%

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