You can also sign-up for our newsletter. Receive weekly news & updates, sent directly to your inbox.

Market Watch: Andrae & Angela Marak lose over $48,000 on sale of Flossmoor home

 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: 2149 Evans Road+., Flossmoor

The 2,638-square-foot home has 5 bedrooms, 4 baths, a finished basement and a detached 2-car garage. It was built in 1939.

The seller: Andrae and Angela Marak

The seller: Andrae and Angela Marak

The purchase: In July 2012, the Maraks paid $330,000 for the home, or roughly $361,874 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, the Maraks sold the home for $313,000 on Dec. 20, or an estimated $48,874 less than the original purchase price, in today's dollars.

The Maraks originally listed the home for $369,900 in April 2018. They dropped the price on April 11, 2018 to $349,900 and again in June 2018 to $339,900. In August 2018, the price dropped once more to $329,900.

The property taxes: Based on data compiled from and Zillow, the Maraks paid $68,686 in property taxes between 2012 and 2017, or approximately 21.94 percent of the sale price. 


The Financial Facts in Today’s Dollars

Seller's Purchase PriceAmount Home Sold for in 2019Seller's Property Taxes

More News