You can also sign-up for our newsletter. Receive weekly news & updates, sent directly to your inbox.

Market Watch: Mark Wiatr loses over $3,000 on sale of Lemont 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: 11S544 Oakwood Ave., Lemont

The 2,400-square-foot home has 4 bedrooms, 3 baths, stainless appliances, hardwood flooring and a finished basement that could be used as an in-law apartment. 

The seller: Mark C. Wiatr

The seller: Mark C. Wiatr

The purchase: In November 1993, Wiatr paid $187,500 for the home, or roughly $323,087 in today's dollars, according to the U.S. Bureau of Labor Statistics

The sale: According to Zillow, Wiatr sold the home for $320,000 on Jan. 18, or $3,087 less than the original purchase price, in today's dollars.

Wiatr originally listed the home for $325,000 in November 2018.

The property taxes: Based on data compiled from and Zillow, Wiatr paid $76,469 in property taxes between 2000 and 2017, or about 24 percent of the sale price. 


The Financial Facts in Today’s Dollars

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

More News