Market Watch: Vincent Decandio & Kelly Sell lose over $53,000 on sale of Normal home
The home: 3712 Yellowstone Drive, Normal
The 4,780-square-foot home has 5 bedrooms, 5 baths, a 2-story great room with a 2-story stone fireplace, a walk-in pantry, a lower level with full-service bar, theater room, fully covered Trex deck, stone patio with retaining walls and scenic lake views.
The seller: Vincent Decandio & Kelly Sell
The purchase: In October 2016, Decandio and Sell paid $700,000 for the home, or roughly $728,908 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In October 2016, Decandio and Sell paid $700,000 for the home, or roughly $728,908 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Decandio and Sell sold the home for $675,000 on Feb. 28, or approximately $53,908 less than the original purchase price, in today's dollars.
Decandio and Sell originally listed the home for $710,000 on Jan. 8.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Decandio and Sell paid $20,307 in property taxes in 2017, or an estimated 3.01 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 |
| $700,000 | $675,000 | $20,307 |
