In January 2017, there were nine homes sold, with a median sale price of $91,250 - a 35.2% increase over the $67,500 median sale price for the same period of the previous year. There were seven homes sold in Route 4/ Washington Street in January 2016.
The median sales tax in Route 4/ Washington Street for 2017 was $3,172. In 2016, the median sales tax was $3,165. This marks an increase of 0.3%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 3.5%.
The following table compares Route 4/ Washington Street to other Springfield neighborhood with similar median sales prices in January 2017:
| Neighborhood | Jan. 2017 Home Sales | Jan. 2016 Home Sales | % change (Total Home Sales) | Jan. 2017 Median Sales Price | Jan. 2016 Median Sales Price | % change (Median Sales Price) |
|---|---|---|---|---|---|---|
| Toronto/ University of Illinois at Springfield | 7 | 3 | 133.3% | $158,000 | $111,000 | 42.3% |
| Leland Grove | 4 | 2 | 100% | $140,875 | $144,500 | -2.5% |
| Devereux Heights | 2 | 2 | 0% | $135,000 | $111,500 | 21.1% |
| Stanton Street/ Stevenson Drive | 10 | 8 | 25% | $107,884.63 | $92,025 | 17.2% |
| Lincoln Avenue/ Fayette Avenue | 2 | 2 | 0% | $93,500 | $90,976 | 2.8% |
| Route 4/ Washington Street | 9 | 7 | 28.6% | $91,250 | $67,500 | 35.2% |
| Route 54/ Sangamon Ave. | 8 | 15 | -46.7% | $85,772 | $55,000 | 55.9% |
| Route 29/ Route 97 | 5 | 3 | 66.7% | $82,800 | $19,000 | 335.8% |
| Southern View | 3 | 1 | 200% | $81,850 | $53,000 | 54.4% |
| Glenwood Avenue/ Fayette Avenue | 6 | 2 | 200% | $80,500 | $135,250 | -40.5% |
| College Street/ Ash Street | 3 | 5 | -40% | $78,000 | $115,000 | -32.2% |
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