Market Watch: Lockport homeowners lose over $41,000 on sale
The home: 17247 W. 143rd St., Lockport
The 2,098-square-foot home has 3 bedrooms, 3 baths, a full body spray shower, vaulted ceilings and a fireplace on a wooded lot with a stream. It was built in 1970.
The seller: ATG Trust Company
The purchase: In February 2016, the property owners paid $355,000 for the home, or roughly $376,143 in today's dollars.
The purchase: In February 2016, the property owners paid $355,000 for the home, or roughly $376,143 in today's dollars.
The sale: According to Zillow, the trust sold the home for $335,000 on Jan.18, or an estimated $41,143 less than the original purchase price, in today's dollars.
The property was listed for sale in October 2018 for $350,000.
The property taxes: Property taxes paid for the home were $15,094 between 2016 and 2017, or approximately 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.
