Real Estate Information Archive

Blog

Displaying blog entries 1-3 of 3

Strong Local Schools Increase Home Values by 77 Percent!

by Capital Asset Group, Inc.

Good schools help home buyers determine where they want to focus their property searches. Families want neighborhoods with an excellent quality of life where they can ensure their children receive the best education possible….BUT good schools are not just a benefit to those homeowners with young children! According to the recently released ATTOM Data Solutions 2016 Schools and Housing Report, homes in zip codes that contain at least one highly ranked elementary school have home values 77 percent higher than homes in zip codes without one!!!


To find these results, ATTOM Data Solutions examined almost 19,000 elementary schools across the nation in 4,435 zip codes. Elementary schools were defined as “good” if their 2015 average test scores were at least one-third above the respective state average. This data was then analyzed alongside the 2016 home values and price appreciation in the local area.  


As of July 2016, the average estimated home value was $427,402 in 1,661 zip codes with at least one good school. This is compared to the average estimated home value of $241,096 in the 2,774 zip codes without a good school. That’s a difference of 77%!


Homes in zip codes with good schools also provide a good long term investment for owners. The study found that homeowners residing in such zip codes had...on average...a 32 percent return on their investment! Over the past decade, home appreciation values have been far more volatile in those zip codes without any good schools.


Looking for a home in a neighborhood with a great school in the Fox Valley area?! With Illinois ranked as the #13 state with the best school districts in the country (according to website Wallethub)…..it’s incredibly easy to do!!


This statewide excellence carries over to three of our local districts that rank in the top 30 school districts in Illinois! All of these districts are recognized for their academic excellence, high graduation rates, top notch teaching staff, and access to a variety of clubs & activities:  

#14 Geneva Community Unit School District No. 304 (Current Homes for Sale in Geneva)

#20 St. Charles Community Unit School District No. 303 (Current Homes for Sale in St. Charles)

#30 Batavia Unified School District No. 101 (Current Homes for Sale in Batavia)


Let us help you find your dream home in one of these great school districts! Give Capital Asset Group a call today or visit our website at http://www.foxvalleyhomesearch.com/.


Resource: RISMedia


Plans Moving Forward for New Development Downtown Batavia

by Capital Asset Group, Inc.

On August 1st the Batavia City Council set forth action on a development plan for the downtown area. Known as One Washington Place, the development will cover a city block and include apartments, retail spaces, and parking.


The building is planned to take up the space along East Wilson Street, Washington Street, and River Street. Several city owned businesses will be demolished in the process to make way for the site. The 2.25 acre site will house 300 parking spots, 171 apartments, and 14,645 square feet of retail space. The structure will be six levels above and below the street level.


The cost of the project will be $40 million dollars. It is being headed by Geneva based developer Shodeen Construction, who will invest $30 million dollars towards the project.


A Tax Increment Financing district (TIF) will be created to help cover some of the costs. This statewide incentive for development covers expenses related to public improvements, such as engineering, demolition, public utilities, and more. The proceeds from the district allow the city to repay debt that is incurred during the construction of the space.


One Washington Place is a truly exciting new development for downtown Batavia and will surely help initiate further economic growth in the area. We look forward to seeing more plans for the project as it proceeds.

Real Estate Health in the Fox Valley!

by Capital Asset Group, Inc.

 

If you’re interested in Buying or Selling in St. Charles, Geneva, Batavia, or any of their surronding communities, give Capital Assets Group a call or visit our website at http://www.foxvalleyhomesearch.com/.   

Displaying blog entries 1-3 of 3

Syndication

Categories

Archives