Market Watch: Jean Troyke loses over $185,000 on sale
The home: 55 Deeke Court, Roselle
The 2,120-square-foot home has 4 bedrooms, 2.2 baths, a 2-car garage, a 2-level deck, fresh paint, new carpet, a fireplace, a walk-in pantry, new powder room, a large mud room with laundry, storage galore, fenced yard and a pool.
The seller: Jean L. Troyke (Trustee)
The purchase: In August 1990, Troyke and her late husband paid $316,500 for the home, or about $605,371 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In August 1990, Troyke and her late husband paid $316,500 for the home, or about $605,371 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Troyke sold the home for $340,000 on Jan. 11, or approximately $185,371 less than the original purchase price, in today's dollars.
Troyke originally listed the home in early August 2018 for $420,000, but lowered the price mid-August to $399,000. In September, October and November 2018, she lowered the price to $380,000, $375,000 and $370,000, respectively.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Troyke paid $131,575 in property taxes between 2000 and 2017, or an estimated 31.33 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 |
| $316,500 | $340,000 | $131,575 |
