Bryan R. & Mary M. Funkhouser lose over $638,000 on sale of Geneva home
The home: 1088 Dunstan Road, Geneva
The 7,100-square-foot Tuscan inspired home has 4 bedrooms, 6 baths, a 3-car garage, BBQ Area, sports court, jetted tub, wet bar, finished basement, intercom system, wine cellar, 2-story family room, home theatre and rests on a lush wooded lot.
The seller: Bryan R. & Mary M. Funkhouser
The purchase: In July 2006, the Funkhousers paid a little over $1.32 million for the home, or roughly $1.63 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In July 2006, the Funkhousers paid a little over $1.32 million for the home, or roughly $1.63 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Funkhousers sold the home for $1 million on Mar. 21, or approximately $638,911 less than the original purchase price, in today's dollars.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Funkhousers paid $348,875 in property taxes between 2007 and 2017, or 34.89 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 |
| $1,325,000 | $1,000,000 | $348,875 |
