Market Watch: Jeffrey Weller loses over $380,000 on sale of Hinsdale home
The home: 348 Canterbury Court, Hinsdale
The 3,337-square-foot home has 5 bedrooms, 5 baths, 2-large decks, floor-to-ceiling windows, a master suite with walk-in closets and a dressing room. The open kitchen has double wall ovens, a wine fridge, breakfast bar, dry pantry and a butler's pantry. An year-round sunroom and gorgeous professional landscaping add to the beauty of this home.
The seller: Jeffrey Weller
The purchase: In July 2004, Weller paid $820,000 for the home, or roughly $1.08 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In July 2004, Weller paid $820,000 for the home, or roughly $1.08 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Weller sold the home for $709,500 on Jan. 14, or $380,277 less than the original purchase price, in today's dollars.
Weller originally listed the home in June 2018 for $849,000 and dropped the price in July to $799,000. In November, the home was listed at $749,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Weller paid $188,730 in property taxes between 2005 and 2017, or an estimated 26.6 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 |
| $820,000 | $709,500 | $188,730 |
