Mainstreet USA Properties LLC - Series 5 purchases 616 Vine St., Morris, appraised at $290,000

The home at 616 Vine St., Morris was sold on May 1 by Margaret Shay for $290,000.

The buyer was Mainstreet USA Properties LLC - Series 5.

The property tax paid for this property in 2023 was $6,066. This is 2.1% of the sale price of the home.

This property is one of 27 sales in Morris (Grundy County) from April 1 to May 1.

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.