Market Watch: Patricia Chamberlain loses over $48,000 on sale of Maryville 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: 2324 Williams St., Maryville
The 1,400-square-foot home has 2 bedrooms, 2 baths, a gas fireplace and a huge kitchen.
The seller: Patricia A. Chamberlain
The seller: Patricia A. Chamberlain
The purchase: In November 2006, Chamberlain paid $135,000 for the home, or roughly $168,319 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Chamberlain sold the home for $120,000 on Jan. 22, or approximately $48,319 less than the original purchase price, in today's dollars.
Chamberlain originally listed the home for $120,000 in December 2018.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Chamberlain paid $9,331 in property taxes between 2013 and 2017, or an estimated 8 percent of the sale price.
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The Financial Facts in Today’s Dollars
| Seller's Purchase Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $135,000 | $120,000 | $9,331 |
