Bader Brothers Builders Inc. acquires 16701 W. Seneca Drive, Lockport, appraised at $295,000

The home at 16701 W. Seneca Drive, Lockport was sold on June 5 by Will County Sheriff for $295,000.

The buyer was Bader Brothers Builders Inc.

The property tax paid for this property in 2022 was $9,186. This is 3.1% of the sale price of the home.

This property is one of 38 sales in Lockport (Will County) from May 5 to June 5.

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.