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Market Watch: Tudors lose over $203,000 on sale of Glenview 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: 46 James Court, Glenview

The 1,602-square-foot home has 4 bedrooms, 2 baths, a 2-car garage, hardwood flooring and a recently remodeled kitchen.

The seller: Maria and Cornell Tudor

The seller: Maria and Cornell Tudor

The purchase: In July 2005, the Tudors paid $440,000 for the home, or roughly $568,342 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, the Tudors sold the home for $365,000, or approximately $203,342 less than the original purchase price, in today's dollars.

The Tudors originally listed the home for $539,000 in March 2008. They dropped the price in June 2015 to $399,000 and continuously thereafter.  In September 2018, it was listed at $375,000.

The property taxes: Based on data compiled from and Zillow, the Tudors paid $90,157 in property taxes between 2005 and 2017, or 25 percent of the sale price.


The Financial Facts in Today’s Dollars

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

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