Market Watch: Jonathan & Janeen Sisler lose over $261,000 on sale of Lake Forest home
The home: 540 Stablewood Lane, Lake Forest
The 4,022-square-foot home has 4 bedrooms, 4 baths, a walk-in pantry, a recreation room, a sunroom, hardwoods, vaulted ceilings, a fireplace, stainless appliances, a loft and a pool.
The seller: Jonathan & Janeen Sisler
The purchase: In May 2014, the Sislers paid $987,500 for the home, or roughly $1.04 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2014, the Sislers paid $987,500 for the home, or roughly $1.04 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Sislers sold the home for $787,500 on Feb. 1, or $261,748 less than the original purchase price, in today's dollars.
The Sislers originally listed the home for $949,000 in February 2018. They lowered the price in April and August 2018 to $899,000 and $849,900, respectively.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Sislers paid $155,897 in property taxes between 2013 and 2017, or about 19.8 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 |
| $987,500 | $787,500 | $155,897 |
