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Kankakee Times

Thursday, April 25, 2024

Q4 real estate sales report: Sun River Terrace

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Median prices rose in Sun River Terrace over last year, and are down 51.1 percent over 8 years, adjusted for inflation, according to fourth quarter sales data collected by BlockShopper.com.

From October to December, 1 home sold in Sun River Terrace for a price of $60,000. That's 471.1 percent higher than median home sale prices for the fourth quarter of 2017.

In the fourth quarter, there were no foreclosures in Sun River Terrace.

Median property tax for homeowners in Sun River Terrace was $1,991.96 in 2017 according to tax data from that year. That means homeowners pay 19 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.

Sun River Terrace real estate: Q4 2011-2018
Properties sold
Median sale price
Change in sale price
2011
2
$122,739
-
2012
1
$131,774
7.4%
2013
2
$56,540
-57.1%
2017
3
$10,506
-81.4%
2018
1
$60,000
471.1%

Median property tax
Median sale price
Effective property tax rate
2011
$2,176.48
$122,739
1.8%
2012
$354.77
$131,774
0.3%
2013
$1,345.37
$56,540
2.4%
2017
$1,991.95
$10,506
19%

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