Market Watch: Brittany Olson loses over $371,000 on sale of Western Springs home
The home: 4324 Grand Ave., Western Springs
The 3,407-square-foot three-level home has 4 bedrooms, 5 baths, custom finishes, beautiful millwork, hardwoods, 3 fireplaces, Carrera marble kitchen countertops, a five-piece spa bath in the master, double French door entry to master bedroom, a loft, a paver patio and a new deck.
The seller: Brittany Taylor Olsen
The purchase: In July 2015, Olsen paid a little over $1.4 million for the home, or roughly $1.48 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In July 2015, Olsen paid a little over $1.4 million for the home, or roughly $1.48 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Olsen sold the home for $1.11 million or approximately $371,000 less than the original purchase price, in today's dollars.
Olsen originally listed the home for a little over $1.12 million in October 2018 and lowered the price to roughly $1.09 million in November 2018.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Olsen paid $31,415 in property taxes in 2016 and 2017, or about 2.83 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 |
| $1,405,000 | $1,110,000 | $31,415 |
