Market Watch: Vikki Pryor loses over $380,000 on sale of Oak Park home
The home: 1001 N. Euclid Ave., Oak Park
The 2,118-square-foot home has 4 bedrooms, 4 baths, a heated 2-car garage, oak hardwoods throughout, a fenced in yard and is located on a gorgeously landscaped corner lot.
The seller: Vikki L. Pryor
The purchase: In August 2005, Pryor paid $757,000 for the home, or roughly $970,193 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In August 2005, Pryor paid $757,000 for the home, or roughly $970,193 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Pryor sold the home for $590,000 on Feb. 26, or $380,000 less than the original purchase price, in today's dollars.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Pryor paid $188,324 in property taxes between 2006 and 2017, or 32 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.
---
The Financial Facts in Today’s Dollars
| Seller's Purchase Price | Amount Home Sold for in 2019 | Seller’s Property Taxes |
| $757,000 | $590,000 | $188,324 |
