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Market Watch: Therese King & Elias Nohos lose over $237,000 on sale of Wheaton 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: 1007 Kingston St., Wheaton

The 3,010-square-foot home has 5 bedrooms, 5 baths, and an open floor plan. It is a short walk to the train station and children can attend highly ranked District 41 schools.

The seller: Therese C. King & Elias L. Nohos

The seller: Therese C. King & Elias L. Nohos

The purchase: In July 2005, King and Nohos paid $663,000 for the home, or roughly $852,443 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, King and Nohos sold the home for $615,000 on Feb. 15, or approximately $237,443 less than the original purchase price, in today's dollars.

King and Nohos listed the home for sale at $629,000 in September 2018.

The property taxes: Based on data compiled from and Zillow, King and Nohos paid $167,231 in property taxes between 2006 and 2017, or 27 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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