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Market Watch: Willie Clarkson loses over $13,000 on sale of Oswego townhome

Illinois' highest-in-the-nation property taxes are eroding home equity and depressing home values across the state. This report is part of a SYHN News Service series on recent home sales that demonstrate the consequences.

The home: 408 Valentine Way, Oswego

The 1,520-square-foot townhome has 3 bedrooms, 3 baths and was built in 2010.

The seller: Willie Clarkson

The seller: Willie Clarkson

The purchase: In September 2010, Clarkson paid $178,000 for the townhome, or roughly $204,722 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, Clarkson sold the townhome for $191,500 on Jan.18, or an estimated $13,222 less than the original purchase price, in today's dollars.

Clarkson originally listed the townhome for $204,900 in October 2018. He dropped the price in November 2018 to $199,500, the price where it remained until the sale.

The property taxes: Based on data compiled from and Zillow, Clarkson paid $23,722 in property taxes between 2013 and 2017, or approximately 12.39 percent of the sale price. 


The Financial Facts in Today’s Dollars

Seller's Purchase Price

Amount Home Sold for in 2019

Seller’s Property Taxes




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