Market Watch: Angel Lau, Dominic Leing and Chi Fun Ching lose over $32,000 on sale of Lincolnshire home
The home: 4 Provincetown Court, Lincolnshire
The 1,472-square-foot home has 2 bedrooms, 2 updated baths, a 1-car garage, a breakfast bar, granite countertops, custom cabinets and an easy-access deck.
The seller: Angel Lau, Dominic Leing and Chi Fun Ching
The purchase: In June 2015, Lau, Leing and Ching paid $315,000 for the home, or roughly $332,257 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2015, Lau, Leing and Ching paid $315,000 for the home, or roughly $332,257 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Lau, Leing and Ching sold the home for $300,000 on Feb. 1, or approximately $32,257 less than the original purchase price, in today's dollars.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Lau, Leing and Ching paid $20,886 in property taxes between 2015 and 2017, or 6.96 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 |
| $315,000 | $300,000 | $20,886 |
