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Market Watch: Yvonne Doll & Christy Nunes lose over $93,000 on sale of Chicago 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: 4439 N. Christiana Ave., Chicago

The 1,046-square-foot home has 3 bedrooms, 2 baths and a flood control system in the basement. It is located in Albany Park.

The seller: Yvonne Doll and Christy Nunes

The seller: Yvonne Doll and Christy Nunes

The purchase: In June 2005, Doll and Nunes paid $393,500 for the home, or roughly $508,278 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, Doll and Nunes sold the home for $415,000 on Jan. 11, or for approximately $93,278 less than the original purchase price, in today's dollars.

Doll and Nunes originally listed the home for $450,000 in September 2018.  They dropped the price in late September 2018 to $439,900 and lowered it again in October 2018 to $425,000.

The property taxes: Based on data compiled from Blockshopper.com and Zillow, Dolly and Nunes paid $53,769 in property taxes between 2005 and 2017, or an estimated 13 of the sale price. 

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The Financial Facts in Today’s Dollars

Seller's Purchase PriceAmount Home Sold for in 2019Seller’s Property Taxes
$393,500$415,000$53,769

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