Daniel and Ann Frankowski purchase 21305 S. Redwood Lane, Shorewood, appraised at $725,000

The home at 21305 S. Redwood Lane, Shorewood was sold on July 1 by David A. Rabe for $725,000.

The buyers were Daniel and Ann Frankowski.

The property tax paid for this property in 2022 was $12,647. This is 1.7% of the sale price of the home.

This property is one of 25 sales in Shorewood (Will County) from June 1 to July 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.