Market Watch:Walter & Ginger Evans lose over $192,000 on sale of Fairview Heights home
The home: 7442 Wolfrun Trail, Fairview Heights
The 4,232-square-foot home has 4 bedrooms, 5 baths, a 2-story wall of windows, a butler's pantry, quartz countertops, crown molding, a lookout basement and a deck overlooking the golf course with lake views.
The seller: Walter J. and Ginger L. Evans
The purchase: In September 2001, the Evanses paid $395,000 for the home, or approximately $557,634 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In September 2001, the Evanses paid $395,000 for the home, or approximately $557,634 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Evanses sold the home for $364,900 on March 4, or an estimated $192,734 less than the original purchase price, in today's dollars.
The Evanses listed the home in January for $364,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Evanses paid $39,940 in property taxes between 2012 and 2016, or 11 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 |
| $395,000 | $364,900 | $39,940 |
