Market Watch: Lindsay & Adam Johnson lose over $47,000 on sale of Mt. Pleasant home
The home: 216 S. Edward St., Mt Pleasant
The 1,401-square-foot home has 3 bedrooms, 2 baths and a finished basement. It was built in 1927.
The seller: Lindsay and Adam Johnson
The purchase: In July 2007, the Johnsons paid $322,000 for the home, or roughly $388,369 in today's dollars.
The purchase: In July 2007, the Johnsons paid $322,000 for the home, or roughly $388,369 in today's dollars.
The sale: According to Zillow, the Johnsons sold the home for $341,000 on Jan. 7, or an estimated $47,369 less than the original purchase price, in today's dollars.
The Johnsons originally listed the home for $349,900 in November 2018.
The property taxes: The Johnsons paid $59,197 in property taxes from 2007 to 2017, or approximately 17 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.
