From January through March of 2017, there were eight homes sold, with a median sale price of $18,000 - a 62.5% decrease over the $48,000 median sale price for the same period of the previous year. There were 15 homes sold in College Street/ Lawrence Avenue in the first quarter of 2016.
The median sales tax in College Street/ Lawrence Avenue for 2017 was $1,532. In 2016, the median sales tax was $1,507.70. This marks an increase of 1.6%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 8.5%.
The following table compares College Street/ Lawrence Avenue to other Springfield neighborhood with similar median sales prices in the first quarter of 2017:
| Neighborhood | Jan. - Mar. 2017 Home Sales | Jan. - Mar. 2016 Home Sales | % change (Total Home Sales) | Jan. - Mar. 2017 Median Sales Price | Jan. - Mar. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Arlington Heights | 15 | 8 | 87.5% | $37,000 | $26,526.50 | 39.5% |
| Route 29/ Route 97 | 18 | 11 | 63.6% | $35,750 | $35,500 | 0.7% |
| Grandview | 9 | 10 | -10% | $35,500 | $38,500 | -7.8% |
| Stanford Avenue/ Fox Bridge Road | 15 | 17 | -11.8% | $35,000 | $57,500 | -39.1% |
| 4th Street/ Cook Street | 8 | 8 | 0% | $32,500 | $49,150 | -33.9% |
| 16th Street/ Ash Street | 9 | 10 | -10% | $25,000 | $18,002 | 38.9% |
| Ash Street/ Wirt Avenue | 9 | 12 | -25% | $22,510 | $19,000 | 18.5% |
| Clear Lake Avenue/ 16th Street | 3 | 2 | 50% | $21,705.37 | $83,450 | -74% |
| College Street/ Lawrence Avenue | 8 | 15 | -46.7% | $18,000 | $48,000 | -62.5% |
| Cook Street/ Wheeler Avenue | 2 | 6 | -66.7% | $13,300 | $26,500 | -49.8% |
| Cook Street/ 11th Street | 2 | 2 | 0% | $7,250 | $24,000 | -69.8% |
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