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Lake County Gazette

Friday, April 26, 2024

Q2 real estate sales report: Lake Corner

Realestate3

Median prices declined in Lake Corner over last year, and are down 17.2 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 1 home sold in Lake Corner for a price of $345,000. That's 25.7 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Lake Corner.

Median property tax for homeowners in Lake Corner was $10,258.35 in 2017 according to tax data from that year. That means homeowners pay 2.2 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.2 percent, according to a 2017 property tax analysis by ATTOM Data Solutions, ranking it second among U.S. states and the District of Columbia.

Lake Corner real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
2
$416,520
-
2012
1
$357,520
-14.2%
2015
1
$368,350
3%
2016
2
$306,863
-16.7%
2017
1
$464,100
51.2%
2018
1
$345,000
-25.7%

Median property tax
Median sale price
Effective property tax rate
2009
$7,414.88
$416,520
1.8%
2012
$7,012.44
$357,520
2%
2015
$8,286.09
$368,350
2.2%
2016
$10,333.73
$306,863
3.4%
2017
$10,258.35
$464,100
2.2%

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