Market Watch: Darcy Duryea and Kyle Davis lose over $35,000 on sale of Bloomington home
The home: 2510 Monica Lane, Bloomington
The 1,740-square-foot home has 3 bedrooms, 2 baths, an eat-in kitchen with stainless appliances, a split floor plan and a cozy fireplace in the family room.
The seller: Darcy Duryea and Kyle Davis
The purchase: In May 2015, Duryea and Davis paid $245,900 for the home, or roughly $260,280 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2015, Duryea and Davis paid $245,900 for the home, or roughly $260,280 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Duryea and Davis sold the home for $225,000 on Feb. 8, or approximately $35,280 less than the original purchase price, in today's dollars.
Duryea and Davis originally listed the home in June 2018 at $249,900. They dropped the price in July, September and early November 2018 to $245,000, $237,900 and $234,900, respectively. The home was last listed for $229,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Duryea and Davis paid $10,822 in property taxes between 2016 and 2017, or an estimated 5 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 |
| $245,900 | $225,000 | $10,822 |
