Market Watch: Tracie & Gary Rychanek lose over $144,000 on sale of Naperville home
The home: 918 Winners Cup Court, Naperville
The 2,108-square-foot home has 3 bedrooms, 4 baths, a covered porch, Brazilian hardwoods, wainscoting, a gourmet kitchen with stainless appliances, high ceilings, a fireplace, new carpet, cathedral ceilings in the master suite and a jacuzzi tub.
The seller: Tracie & Gary Rychanek
The purchase: In February 2005, the Rychaneks paid $359,000 for the home, or roughly $473,131 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In February 2005, the Rychaneks paid $359,000 for the home, or roughly $473,131 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Rychaneks sold the home for $329,000 on Feb. 1 or $144,131 less than the original purchase price, in today's dollars.
The Rychaneks originally listed the home for $369,900 in early October 2018. That same month, they dropped the price to $359,900. In November 2018, they lowered the price again to $349,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Rychaneks paid $72,377 in property taxes between 2008 and 2017, or about 22 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 |
| $359,000 | $329,000 | $72,377 |
