VORHIES MICHELLE||VORHIES WILLIAM D III purchases 3057 Chalkstone Ave., Elgin, appraised at $485,000

The home at 3057 Chalkstone Ave., Elgin was sold on May 9 by COSTANTINI FRANCO J||COSTANTINI MELANIE A for $485,000.

The buyer was VORHIES MICHELLE||VORHIES WILLIAM D III.

The property tax paid for this property in 2022 was $10,951. This is 2.3% of the sale price of the home.

This property is one of 116 sales in Elgin (Kane County) from April 9 to May 9.

This story was found on BlockShopper.com.

The U.S. housing market has surged in recent years, with its total value approaching $50 trillion in 2024—nearly five times its value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.