Market Watch: Estate loses over $178,000 on sale of Vernon Hills home
The home: 790 Williams Way, Vernon Hills
The 2,919-square-foot home has 5 bedrooms, 4 baths, an attached 2-car garage, a 2-story foyer, an open floor plan, maple cabinets, granite counters, a butler's pantry, stainless steel appliances, stainless steel appliances, large closets, a patio, a firepit, a jacuzzi and a finished basement with a recreation room.
The seller: Kim J. Bresler-Livingston (estate) and Andrew J. Bresler (executor)
The purchase: In June 2006, Bresler-Livingston paid $535,000 for the home, or roughly $663,705 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2006, Bresler-Livingston paid $535,000 for the home, or roughly $663,705 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the home was sold for $485,000 on March 1, or approximately $178,705 less than the original purchase price, in today's dollars.
The home was originally listed for $469,000 in February.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Bresler-Livingston paid $128,152 in property taxes between 2007 and 2017, or an estimated 26.42 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 |
| $535,000 | $485,000 | $128,152 |
