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Market Watch: Dana & Gregory Uebele lose over $365,000 on sale of Glencoe 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: 421 Adams Ave., Glencoe

The 3,300-square-foot home has 5 bedrooms; 4.5 baths, including one with a jetted tub; a finished basement with a bar and wine cellar; a two-car detached garage; and a Viking cooktop. It was built in 2006.

The seller: Dana and Gregory Uebele

The seller: Dana and Gregory Uebele

The purchase: In June 2008, the Uebeles paid $1.25 million for the home, or roughly $1.43 million in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, the Uebeles sold the home for $1.07 million on Jan. 3, or approximately $365,190 less than the original purchase price, in today's dollars.

The Uebeles originally listed the home for $1.23 million in May 2018. They dropped the price in June 2018 to $1.18 million and again in August 2018 to $1.14 million.

The property taxes: Based on data compiled from and Zillow, the Uebeles paid $237,205 in property taxes between 2008 and 2017, or an estimated 22 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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