Market Watch: Ronald Gabaldon loses over $353,000 on sale of Aurora home
The home: 1090 Chadwick Court, Aurora
The 3,837-square-foot home overlooking Stonebridge Golf Course has 4 bedrooms, 5 baths, a 2-story foyer and a 2-story family room, dark hardwoods, a sunroom, a den,a finished basement, a recreation room, a bonus room, an exercise room, and brick paver patio.
The seller: Ronald Gabaldon
The purchase: In August 2007, Gabaldon paid $800,000 for the home, or roughly $978,000 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In August 2007, Gabaldon paid $800,000 for the home, or roughly $978,000 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Gabaldon sold the home for $625,000 on April 5, or $353,090 less than the original purchase price, in today's dollars.
Gabaldon originally listed the home in September 2018 for $695,000 and lowered the price in February to $668,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Gabaldon paid $190,765 in property taxes between 2007 and 2017, or about 30.52 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 |
| $800,000 | $625,000 | $190,765 |
