Market Watch: Judith Bolton & Howard Bolton Jr. lose over $141,000 on sale of Troy home
The home: 1200 Antler Drive, Troy
The 2,600-square-foot custom home has 4 bedrooms, 4 baths, a 2-car garage, a walk-out basement, guest suite accommodations and a new roof. The home is located on 2 acres of beautiful woodlands.
The seller: Judith L. Bolton and Howard W. Bolton Jr.
The purchase: In March 2005, the Boltons paid $315,000 for the home, or approximately $410,187 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In March 2005, the Boltons paid $315,000 for the home, or approximately $410,187 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Boltons sold the home for $268,500 on March 8, or an estimated $141,687 less than the original purchase price, in today's dollars.
The Boltons originally listed the home in August 2018 at $289,000 and it remained at that price until the sale.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Boltons paid $41,917 in property taxes between 2007 and 2017, or approximately 16 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 |
| $315,000 | $268,500 | $41,917 |
