Market Watch: Apryl Martin loses over $37,000 on sale of Plainfield home
The home: 13306 Rosewood Lane, Plainfield
The 4,313-square-foot home has 5 bedrooms, 5 baths, a backyard completely fenced in on 0.75 acre, a hot tub, in-law arrangement, sitting area inside the master suite, tray ceiling in master suite, huge walk-in closets, detailed millwork and custom cabinetry.
The seller: Apryl Martin
The purchase: In August 2016, Martin paid $443,000 for the home, or roughly $462,980 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In August 2016, Martin paid $443,000 for the home, or roughly $462,980 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Martin sold the home for $425,000 on March 11, or approximately $37,980 less than the original purchase price, in today's dollars.
Martin originally listed the home for $449,900 in June 2018. She lowered the price twice in July to $479,900 and $475,000. She dropped the price again in August to $459,900 and again in October to $449,000. The home was available for rent at $3,200 per month at the end of October 2018. The house was last listed for sale for $439,900 at the end of December.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Martin paid $17,025 in property taxes in 2017, or about 4 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 |
| $443,000 | $425,000 | $17,025 |
