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Market Watch: Scott & Tamara Wiley lose over $285,000 on sale of Yorkville 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: 2904 Old Glory Drive, Yorkville

The 3,570-square-foot home has 4 bedrooms, 3 baths, a double-sided fireplace and an open floor plan.

The seller: Scott A. and Tamara K. Wiley

The seller: Scott A. and Tamara K. Wiley

The purchase: In March 2006, the Wileys paid $487,500 for the home, or roughly $614,162 in today's dollars, according to the U.S. Bureau of Labor Statistics

The sale: According to Zillow, the Wileys sold the home for $328,500 on Feb. 22, or about $285,662 less than the original purchase price, in today's dollars.

The Wileys originally listed the home for $339,900 in October 2018 and dropped the price in January to $329,900.

The property taxes: Based on data compiled from and Zillow, the Wileys paid $47,941 in property taxes between 2013 and 2017, or an estimated 15 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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