The Quincy-area real estate market saw a flurry of activity in October, highlighted by a multi-million dollar commercial land deal and several high-value residential sales. Transactions recorded during the month demonstrate a dynamic market with properties ranging from large commercial acreages to single-family homes across various price points.
A significant sale involved nearly 40 acres of commercial land on Wisman Lane, which changed hands for $4.45 million, marking one of the largest transactions in the area. This deal, alongside a nearly million-dollar residential sale, points to continued investment and movement within the local property sector.
Key Takeaways
- A 39.97-acre commercial property on Wisman Lane in Quincy sold for $4.45 million.
- A luxury residence on Oak Ridge Lane was the top residential sale at $950,000.
- Transactions included a mix of commercial properties, large land parcels, and single-family homes across Quincy, Loraine, Liberty, and Camp Point.
- The market showed a wide range of activity, with sales from as low as $15,500 to multi-million dollar figures.
Major Commercial and Land Deals Signal Investment
The most significant transaction recorded in October was the sale of a large commercial parcel in Quincy. Gatesair Property Holdings, LLC of Mason, Ohio, sold 39.97 acres at 3200 Wisman Lane for $4,450,000. The buyer was Saothair Gates Property Holdings, LLC, based in Wayne, Pennsylvania. This high-value land transfer underscores significant commercial interest in the region.
Another key commercial transaction took place downtown. Sone Properties, Inc. of Quincy sold a commercial building at 600 Hampshire to One Venue, LLC, also of Quincy, for $641,250 on October 10. This sale adds to the ongoing commercial activity in the city's central business district.
Understanding Property Transactions
The sales data is compiled from Illinois Real Estate Transfer Declaration forms filed with recorded property deeds. The dates listed reflect when the transactions were officially processed and may not correspond exactly to the date the agreements were signed. These public records provide a transparent look into local market trends.
Beyond commercial buildings, significant land parcels also changed hands. In Loraine, two separate land sales occurred on October 13 involving the same seller. Crystal D. Clair of Chillicothe sold 14.59 acres to Scott D. Brueneger and Loretta A. Baustian for $132,000. On the same day, Clair sold a larger 24.86-acre parcel to Matthew R. Seckman and Jennifer L. Seckman for $387,000.
High-End Residential Market Remains Strong
While commercial deals made headlines, the residential market also saw several high-value sales, indicating strong demand for premium properties. The top residential sale of the month was a home on Oak Ridge Lane.
Richard S. Bonebrake and Rosanne G. Bonebrake of Taylor, Mo., sold their residence at 6914 Oak Ridge Lane in Quincy for $950,000. The buyers were Pamela L. Duncan and Angela D. Duncan of Quincy. This sale, recorded on October 16, represents the peak of the residential market for the period.
Other notable high-end home sales include:
- A residence at 1122 Maas Road sold for $470,000 on October 10.
- A home at 4219 Devonshire Court changed hands for $441,000 on October 23.
- A property at 2524 Spring Lake Road with over 7 acres sold for $405,750 on October 15.
- A home at 1017 Country Haven was sold for $391,500 on October 14.
These sales, all exceeding $390,000, show a healthy appetite for luxury and spacious properties in and around Quincy.
October by the Numbers
- Highest Price: $4,450,000 (Commercial Land)
- Highest Residential Price: $950,000
- Total Transactions Analyzed: Over 40
- Geographic Spread: Sales recorded in Quincy, Loraine, Liberty, Camp Point, and Augusta.
A Diverse and Active Housing Market
The breadth of transactions in October reveals a market with opportunities at every level. While luxury homes commanded high prices, numerous sales occurred in the more common $100,000 to $300,000 range, reflecting a robust and accessible market for many buyers.
For example, a home at 2425 Kentucky Road was sold for $326,900, while another at 1081 E. 1453rd Lane went for $300,000. A property at 529 Woodbridge Drive sold for $297,500, showing consistent activity just below the $300k mark.
Mid-Range and Entry-Level Sales
The market for homes priced between $150,000 and $250,000 was particularly active. A residence at 722 Ridgewood Drive sold for $247,500. In Liberty, a home at 2051 N. 1200th Avenue sold for $225,000. A home on Rim Road in Quincy was purchased for $200,000.
This activity demonstrates a stable core market, providing options for families, individuals, and first-time homebuyers. Transactions were spread across numerous Quincy neighborhoods, including Jefferson Street ($150,000), Elm Street ($155,000), and Cedar Street ($175,000).
Even the lower end of the market saw movement, indicating opportunities for investors and renovators. Yankee6, LLC, a Quincy-based company, acquired two properties: one at 522 S. 12th for $37,500 and another at 714 S. 9th for $35,000. Another residence on Payson Avenue sold for just $15,500, highlighting the diverse range of property values across the city.
