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Lake County Gazette

Saturday, April 27, 2024

Q2 real estate sales report: Lotus Woods

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Median prices declined in Lotus Woods over last year, and are down 13.5 percent over 10 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 4 homes sold in Lotus Woods for a median price of $94,134. That's 3.9 percent lower than median home sale prices for the second quarter of 2017.

In the second quarter, there were no foreclosures in Lotus Woods.

Median property tax for homeowners in Lotus Woods was $2,694.81 in 2017 according to tax data from that year. That means homeowners pay 2.8 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.

Lotus Woods real estate: Q2 2009-2018
Properties sold
Median sale price
Change in sale price
2009
1
$108,810
-
2011
2
$75,936
-30.2%
2012
3
$27,250
-64.1%
2013
5
$37,800
38.7%
2014
7
$65,720
73.9%
2015
1
$159,000
141.9%
2016
1
$53,760
-66.2%
2017
1
$97,920
82.1%
2018
4
$94,134
-3.9%

Median property tax
Median sale price
Effective property tax rate
2009
$1,717.67
$108,810
1.6%
2011
$1,757.40
$75,936
2.3%
2012
$3,446.19
$27,250
12.6%
2013
$1,184.70
$37,800
3.1%
2014
$2,478.64
$65,720
3.8%
2015
$5,607.99
$159,000
3.5%
2016
$2,968.78
$53,760
5.5%
2017
$2,694.80
$97,920
2.8%

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