Market Watch: Christiana Bezanis loses over $150,000 on sale of Hinsdale 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: 212 E. Chicago Ave., Hinsdale
The 2,775-square-foot home has 4 bedrooms, 4 baths and a gourmet kitchen.
The seller: Christiana Zouziaz Bezanis
The seller: Christiana Zouziaz Bezanis
The purchase: In June 2006, Bezanis paid $610,000 for the home, or roughly $755,308 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Bezanis sold the home for $605,000 in December 2018, or approximately $150,308 less than the original purchase price, in today's dollars.
Bezanis originally listed the home for $569,000 in April 2010. She raised the price briefly to $625,000 in February 2011. In July 2017, the home was listed for rent at $4,000 per month. It was back on the market in November 2018 listed at $625,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Bezanis paid $83,495 in property taxes between 2007 and 2017, or about 14 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 |
| $610,000 | $605,000 | $83,495 |
