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Sangamon Sun

Thursday, April 25, 2024

Route 54/ Sangamon Ave. home prices fall in September 2017

Realestate2

The median sale price of a home sold in September 2017 in Route 54/ Sangamon Ave., a Springfield neighborhood, fell by $33,505 while total sales increased by 9.1%, according to BlockShopper.com.

In September 2017, there were 12 homes sold, with a median sale price of $56,495 - a 37.2% decrease over the $90,000 median sale price for the same period of the previous year. There were 11 homes sold in Route 54/ Sangamon Ave. in September 2016.

The median sales tax in Route 54/ Sangamon Ave. for 2017 was $1,664. In 2016, the median sales tax was $1,666. This marks an decrease of 0.1%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2.9%.

The following table compares Route 54/ Sangamon Ave. to other Springfield neighborhood with similar median sales prices in September 2017:

NeighborhoodSept. 2017 Home SalesSept. 2016 Home Sales% change (Total Home Sales)Sept. 2017 Median Sales PriceSept. 2016 Median Sales Price% change (Median Sales Price)
College Street/ Ash Street171154.5%$78,000$83,000-6%
Lincoln Avenue/ Fayette Avenue550%$75,000$118,000-36.4%
Stanford Avenue/ Fox Bridge Road103233.3%$72,300$28,500153.7%
Glenwood Avenue/ Fayette Avenue25-60%$62,500$94,000-33.5%
5th Street/ Griffiths Avenue25-60%$57,950$38,50050.5%
Route 54/ Sangamon Ave.12119.1%$56,495$90,000-37.2%
Route 97/ 9th Street46-33.3%$55,250$48,50013.9%
4th Street/ Cook Street4333.3%$55,000$29,00089.7%
Route 29/ Route 9752150%$47,000$59,000-20.3%
Southern View41300%$44,500$67,000-33.6%
Grandview29-77.8%$31,500$47,000-33%

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