From April through June of 2017, there were 29 homes sold, with a median sale price of $98,000 - a 4.3% increase over the $94,000 median sale price for the same period of the previous year. There were 35 homes sold in Route 4/ Route 97 in the second quarter of 2016.
The median sales tax in Route 4/ Route 97 for 2017 was $1,852.86. In 2016, the median sales tax was $1,907.20. This marks an decrease of 2.8%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 1.9%.
The following table compares Route 4/ Route 97 to other Springfield neighborhood with similar median sales prices in the second quarter of 2017:
Neighborhood | Apr. - June 2017 Home Sales | Apr. - June 2016 Home Sales | % change (Total Home Sales) | Apr. - June 2017 Median Sales Price | Apr. - June 2016 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Route 4/ Wabash Avenue | 29 | 31 | -6.5% | $148,500 | $141,000 | 5.3% |
Route 4/ Washington Street | 59 | 59 | 0% | $137,500 | $121,000 | 13.6% |
Toronto/ University of Illinois at Springfield | 31 | 24 | 29.2% | $132,500 | $126,250 | 5% |
Mayden Road/ Dirkson Parkway | 16 | 6 | 166.7% | $105,625 | $126,500 | -16.5% |
Devereux Heights | 7 | 15 | -53.3% | $105,610.51 | $71,000 | 48.7% |
Route 4/ Route 97 | 29 | 35 | -17.1% | $98,000 | $94,000 | 4.3% |
Glenwood Avenue/ Fayette Avenue | 20 | 16 | 25% | $96,250 | $85,660 | 12.4% |
Lincoln Avenue/ Fayette Avenue | 31 | 29 | 6.9% | $95,400 | $85,000 | 12.2% |
Stanton Street/ Stevenson Drive | 33 | 43 | -23.3% | $84,000 | $82,900 | 1.3% |
College Street/ Ash Street | 48 | 39 | 23.1% | $77,250 | $102,500 | -24.6% |
Route 54/ Sangamon Ave. | 44 | 56 | -21.4% | $75,975 | $78,250 | -2.9% |