In March 2017, there were 14 homes sold, with a median sale price of $159,250 - a 31.3% increase over the $121,300 median sale price for the same period of the previous year. There were 14 homes sold in Route 4/ Washington Street in March 2016, as well.
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 2%.
The following table compares Route 4/ Washington Street to other Springfield neighborhood with similar median sales prices in March 2017:
Neighborhood | Mar. 2017 Home Sales | Mar. 2016 Home Sales | % change (Total Home Sales) | Mar. 2017 Median Sales Price | Mar. 2016 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Salisbury/ Farmingdale | 26 | 10 | 160% | $241,250 | $165,000 | 46.2% |
Route 4/ Greenbriar Drive | 10 | 10 | 0% | $161,450 | $161,250 | 0.1% |
Route 4/ Washington Street | 14 | 14 | 0% | $159,250 | $121,300 | 31.3% |
Woodside | 7 | 6 | 16.7% | $154,000 | $169,750 | -9.3% |
Route 4/ Wabash Avenue | 8 | 6 | 33.3% | $140,250 | $135,750 | 3.3% |
Leland Grove | 7 | 1 | 600% | $137,500 | $285,000 | -51.8% |
Toronto/ University of Illinois at Springfield | 4 | 9 | -55.6% | $134,250 | $134,500 | -0.2% |
Mayden Road/ Dirkson Parkway | 7 | 1 | 600% | $125,500 | $52,500 | 139% |
Lincoln Avenue/ Fayette Avenue | 4 | 4 | 0% | $90,250 | $137,500 | -34.4% |
4th Street/ Cook Street | 1 | 3 | -66.7% | $90,000 | $49,000 | 83.7% |
Stanton Street/ Stevenson Drive | 7 | 4 | 75% | $84,500 | $59,500 | 42% |