Market Watch: Anthony & Mary Wilson lose over $21,000 on sale of Murphysboro 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: 1613 Tina Drive, Murphyboro
The 2,630-square-foot home has 3 bedrooms, 3 baths, an open floor plan and gorgeous views of Browns Lake.
The seller: Anthony B. and Mary J. Wilson
The seller: Anthony B. and Mary J. Wilson
The purchase: In June 2014, the Wilsons paid $145,000 for the home, or roughly $153,133 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Wilsons sold the home for $132,000 on Jan. 11, or about $21,133 less than the original purchase price, in today's dollars.
The Wilsons originally listed the home for $168,000 in March 2018 and lowered the price in April to $159,000. They dropped the price again in June, July and August to $154,000, $149,900 and $145,000, respectively. It was last listed in November 2018 at $139,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Wilsons paid $10,713 in property taxes between 2015 and 2017, or about 8 percent 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 |
| $145,000 | $132,000 | $10,713 |
