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Monday, January 27, 2020

Q3 real estate sales report: Lake Park Estates

Real Estate

By Local Labs News Service | Feb 11, 2019

Re 4

Median prices rose in Lake Park Estates over last year, and are down 29.1 percent over 10 years, adjusted for inflation, according to third quarter sales data collected by BlockShopper.com.

From July to September, 2 homes sold in Lake Park Estates for a median price of $378,000. That's 18.6 percent higher than median home sale prices for the third quarter of 2017.

In the third quarter, there were no foreclosures in Lake Park Estates.

Median property tax for homeowners in Lake Park Estates was $10,997.83 in 2017 according to tax data from that year. That means homeowners pay 3.5 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.

Lake Park Estates real estate: Q3 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$533,520
-
2013
1
$437,400
-18%
2014
1
$371,000
-15.2%
2015
1
$477,530
28.7%
2016
1
$252,000
-47.2%
2017
2
$318,750
26.5%
2018
2
$378,000
18.6%

Median property tax
Median sale price
Effective property tax rate
2009
$10,911.93
$533,520
2%
2013
$11,355.03
$437,400
2.6%
2014
$8,906.78
$371,000
2.4%
2015
$10,607.86
$477,530
2.2%
2016
$7,847.10
$252,000
3.1%
2017
$10,997.83
$318,750
3.5%

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