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 Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $393,500 | $415,000 | $53,769 |
