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McHenry Times

Thursday, April 25, 2024

Q2 real estate sales report: McCullom Lake

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Median prices rose in McCullom Lake over last year, and are up 8.9 percent over 9 years, adjusted for inflation, according to second quarter sales data collected by BlockShopper.com.

From April to June, 5 homes sold in McCullom Lake for a median price of $136,500. That's 72.7 percent higher than median home sale prices for the second quarter of 2017.

In the second quarter, 1 home in McCullom Lake was in foreclosure.

Median property tax for homeowners in McCullom Lake was $2,302.73 in 2017 according to tax data from that year. That means homeowners pay 2.9 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.

McCullom Lake real estate: Q2 2010-2018
Properties sold
Median sale price
Change in sale price
2010
5
$125,400
-
2011
4
$83,055
-33.8%
2012
1
$23,980
-71.1%
2013
10
$74,520
210.8%
2014
2
$69,388
-6.9%
2015
5
$68,900
-0.7%
2016
6
$91,875
33.3%
2017
7
$79,050
-14%
2018
5
$136,500
72.7%

Median property tax
Median sale price
Effective property tax rate
2010
$3,746.19
$125,400
3%
2011
$2,193.58
$83,055
2.6%
2012
$2,224.53
$23,980
9.3%
2013
$2,273.36
$74,520
3.1%
2014
$2,162.54
$69,388
3.1%
2015
$3,320.42
$68,900
4.8%
2016
$2,871.92
$91,875
3.1%
2017
$2,302.73
$79,050
2.9%

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