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Market Watch: Susan Nickey and Robert Donath lose over $42,000 on sale of Springfield 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: 11 Turnberry Place, Springfield

The 1,894-square-foot condo has 3 bedrooms, 2 baths, an open floor plan and an eat-in kitchen.

The seller: Susan D. Nickey and Robert W. Donath

The seller: Susan D. Nickey and Robert W. Donath

The purchase: In August 2017, Nickey and Donath paid $227,000 for the condo, or roughly $232,283 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, Nickey and Donath sold the condo for $190,000 on Feb.1, or approximately $42,283 less than the original purchase price, in today's dollars.

Nickey and Donath originally listed the condo for $239,000 in January 2018.  They dropped the price in April to $229,000 and again in June to $219,000.  In October 2018, the price was down to $205,000.

The property taxes: Based on data compiled from and Zillow, Nickey and Donath paid $5,515 in property taxes between in 2017 or about 3 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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