Market Watch: Carleen Trautz loses over $33,000 on sale of Plainfield condo
The home: 23 Washington Court, Plainfield
The 1,564-square-foot condo has 3 bedrooms, 2 baths, two decks and a separate fenced-in yard.
The seller: Carleen J. Trautz
The purchase: In June 2007, Trautz paid $147,500 for the home, or roughly $178,196 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2007, Trautz paid $147,500 for the home, or roughly $178,196 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Trautz sold the home for $145,000 on Feb. 1, or approximately $33,196 less than the original purchase price, in today's dollars.
Trautz originally listed the home for $149,900 in August 2018. In November 2018 she dropped the price to $147,500.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Trautz paid $14,041 in property taxes between 2013 and 2017, or about 10 percent of the sale price.
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.
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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 |
| $147,500 | $145,000 | $14,041 |
