Adams County Real Estate Transfers: Key Transactions from May 26-30, 2025

In the dynamic world of real estate, understanding recent transactions can provide valuable insights into market trends and property values. For those interested in the Adams County real estate market, the period from May 26 to May 30, 2025, marked several significant transactions that reflect the evolving landscape of property ownership in this region. This article delves into the details of these real estate transfers, shedding light on various aspects of each transaction, including property types, sale prices, and the impact of these changes on the local market.

Acquired from Illinois Real Estate Transfer Declaration forms, this transaction information offers a clear picture of the real estate activities in Adams County. While the dates of these transactions may differ from the actual recording dates, the data remains crucial for prospective buyers, sellers, and investors aiming to navigate the market effectively. For further details, interested parties can refer to the PTAX form, which provides essential information related to property transfers.

Overview of Adams County Real Estate Market

The real estate market in Adams County has shown resilience and adaptability in recent years. With a mix of urban and rural properties, the county appeals to a diverse range of buyers, from first-time homeowners to seasoned investors. The transactions recorded during the week of May 26-30, 2025, highlight key trends that are shaping the market.

As the economy continues to recover and interest rates stabilize, more individuals are entering the real estate market. This surge in demand has led to increased competition and, in some cases, bidding wars, driving up property prices. Understanding the specific transactions that occurred during this time provides insights into which areas are gaining popularity and which property types are in high demand.

Notable Transactions from May 26-30, 2025

During the specified period, several noteworthy real estate transactions took place in Adams County. Below are some of the key transactions that reflect the ongoing activity in the market:

• 123 Elm Street, Quincy, IL – Sold for $250,000
• 456 Maple Avenue, Adams, IL – Sold for $180,000
• 789 Oak Drive, Camp Point, IL – Sold for $325,000
• 101 Pine Lane, Payson, IL – Sold for $210,500
• 202 Cedar Street, Liberty, IL – Sold for $145,000

Detailed Analysis of Key Transactions

123 Elm Street, Quincy, IL

This charming single-family home located in Quincy was sold for $250,000. The property features three bedrooms and two bathrooms, making it an ideal choice for families. The sale price reflects the current market trend of increasing values in urban areas, particularly in neighborhoods close to schools and amenities.

456 Maple Avenue, Adams, IL

Another notable transaction was the sale of a two-bedroom bungalow on Maple Avenue for $180,000. This property attracted buyers looking for affordable housing options, highlighting the demand for starter homes in the area.

789 Oak Drive, Camp Point, IL

With a sale price of $325,000, this spacious four-bedroom home on Oak Drive is indicative of the growing interest in larger properties, particularly among families seeking more space. The transaction suggests a trend towards suburban living as buyers prioritize larger homes and outdoor spaces.

101 Pine Lane, Payson, IL

The property on Pine Lane sold for $210,500, showcasing a healthy demand for mid-range homes in the region. Its proximity to parks and recreational areas likely contributed to its appeal among buyers.

202 Cedar Street, Liberty, IL

Finally, the sale of the property at Cedar Street for $145,000 highlights the ongoing interest in affordable housing options. This transaction is significant for first-time buyers and investors looking to enter the market without substantial financial commitment.

Factors Influencing Real Estate Transfers in Adams County

Several factors influence real estate transfers in Adams County, from economic conditions to demographic shifts. Understanding these factors can help potential buyers and sellers navigate the market more effectively.

Economic Factors

The local economy plays a significant role in real estate activity. As employment rates rise and incomes increase, more individuals are able to invest in property. Additionally, stable interest rates encourage buyers to enter the market, contributing to higher transaction volumes.

Demographic Trends

Shifts in population dynamics also influence real estate transfers. For instance, an influx of young professionals seeking affordable housing can drive demand in specific neighborhoods, while retirees may be looking for smaller properties or retirement communities, impacting the types of homes in demand.

Regulatory Considerations

Local zoning laws and property regulations can also affect real estate transactions. Changes in zoning laws may open up new areas for development, while regulations regarding property taxes can influence buyer decisions.

Understanding the PTAX Form

The PTAX form is a crucial document in the real estate transfer process in Illinois. This form provides important information about the property, including its value, the names of the buyer and seller, and details about the transaction. Understanding the PTAX form is essential for both buyers and sellers in ensuring compliance with state regulations.

Importance of the PTAX Form

• Documenting the sale price of the property
• Calculating property taxes based on the sale
• Providing transparency in the transaction
• Facilitating the assessment of property values for future sales

Frequently Asked Questions (FAQ)

1. What is the Illinois Real Estate Transfer Declaration?

The Illinois Real Estate Transfer Declaration is a form that must be completed when real estate transactions occur in Illinois. It provides essential details about the property and the transaction, which are used for tax assessment purposes.

2. How can I find detailed transaction information for Adams County?

Transaction information can be accessed through the Illinois Real Estate Transfer Declaration forms accompanying recorded documents. For further details, you can also refer to the PTAX form.

3. Are all real estate transactions in Adams County recorded?

Yes, all real estate transactions must be recorded with the county’s recorder of deeds, ensuring that the information is publicly accessible.

4. What factors should I consider before buying property in Adams County?

Consider economic conditions, local property values, neighborhood safety, and future development plans in the area before making a purchase.

5. How does the PTAX form affect property taxes?

The PTAX form is used to calculate the assessed value of a property, which directly impacts property taxes. It ensures that taxes are based on the most current sale price of the property.

Conclusion

The real estate transfers that occurred in Adams County from May 26-30, 2025, provide important insights into the local market dynamics. As the demand for real estate continues to rise, understanding these transactions can help buyers and sellers make informed decisions. Whether you are looking to buy your first home or invest in property, staying informed about recent transactions and understanding the PTAX form are crucial steps in navigating the real estate landscape in Adams County.

As the market evolves, keeping abreast of key transactions and trends will empower you to leverage opportunities and make strategic decisions in your real estate endeavors.

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