Market Watch: Lynette Delatte loses over $245,000 on sale of Mokena home
The home: 19913 Amberly Court, Mokena
The 3,600-square-foot home has 4 bedrooms, 4 baths, a 3.5-car garage, custom millwork, a full basement and a cozy stone fireplace in the family room with great scenic views. The home is located on a 0.5 acre lot.
The seller: Lynette M. Delatte
The purchase: In August 2007, Delatte paid $645,000 for the home, or roughly $780,860 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In August 2007, Delatte paid $645,000 for the home, or roughly $780,860 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Delatte sold the home for $535,000 on Feb. 25, or approximately $245,860 less than the original purchase price, in today's dollars.
Delatte originally listed the home for $550,000 in December 2018.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Delatte paid $135,625 in property taxes between 2008 and 2017, or an estimated 25 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 |
| $645,000 | $535,000 | $135,625 |
