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McHenry Times

Monday, December 23, 2024

Q4 real estate sales report: Solon Mills

Realestate2

Median prices rose in Solon Mills over last year, and are up 2.2 percent over 4 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 4 homes sold in Solon Mills for a median price of $181,500. That's 64.8 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Solon Mills.

Median property tax for homeowners in Solon Mills was $3,602.35 in 2017 according to tax data from that year. That means homeowners pay 3.3 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.

Solon Mills real estate: Q4 2015-2018
Properties sold
Median sale price
Change in sale price
2015
1
$177,550
-
2016
1
$45,150
-74.6%
2017
1
$110,160
144%
2018
4
$181,500
64.8%

Median property tax
Median sale price
Effective property tax rate
2015
$5,973.43
$177,550
3.4%
2016
$2,459.49
$45,150
5.4%
2017
$3,602.35
$110,160
3.3%

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