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Kane County Reporter

Thursday, April 25, 2024

Q1 real estate sales report: Mallard Lake North

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Median prices rose in Mallard Lake North over last year, and are up 23.8 percent over 6 years, adjusted for inflation, according to first quarter sales data collected by BlockShopper.com.

From January to March, 1 home sold in Mallard Lake North for a price of $535,000. That's 26.4 percent higher than median home sale prices for the first quarter of 2017.

In the first quarter, there were no foreclosures in Mallard Lake North.

Median property tax for homeowners in Mallard Lake North was $10,261.08 in 2017 according to tax data from that year. That means homeowners pay 2.4 percent of their home's value in taxes.

Statewide, Illinois homeowners pay an effective property tax rate of 2.22 percent, according to a recent analysis by ATTOM Data Solutions, which is the second-highest rate in the country, just behind New Jersey, where homeowners pay a tax rate of 2.28 percent.

Mallard Lake North real estate: Q1 2013-2018
Properties sold
Median sale price
Change in sale price
2013
1
$432,000
-
2015
1
$585,120
35.4%
2016
1
$351,750
-39.9%
2017
1
$423,300
20.3%
2018
1
$535,000
26.4%

Median property tax
Median sale price
Effective property tax rate
2013
$11,827.25
$432,000
2.7%
2015
$17,486.48
$585,120
3%
2016
$8,813.95
$351,750
2.5%
2017
$10,261.07
$423,300
2.4%

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