Market Watch: Jon & Katherine Glick lose over $105,000 on sale of home
The home: 1208 Hackberry Road, Deerfield
The 2,434-square-foot home has 4 bedrooms, 3 baths, a finished basement, an eat-in kitchen with an island and stainless steel appliances, coffered ceilings, a fireplace, and a built-in bar area.
The seller: Jon & Katherine Glick
The purchase: In March 2013, the Glicks paid for $615,000 the home, or $665,037 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In March 2013, the Glicks paid for $615,000 the home, or $665,037 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Glicks sold the home for $560,000 on Jan. 10, or $105,037 less than the original purchase price, in today's dollars.
The Glicks originally listed the home for $675,000 in July 2018, but lowered the price in August to $649,000. In September, October and November the price continued to drop to $629,000, $609,000 and $599,000, respectively.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Glicks paid $52,867 in property taxes between 2014 and 2017, or 9.44 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 |
| $615,000 | $560,000 | $52,867 |
