Market Watch: Joel Schwab & Claire Lieberman lose over $115,000 on sale of Hinsdale home
The home: 855 Thackeray Drive, Hinsdale
The 3,840-square-foot home has 5 bedrooms, 6 baths, a 2-car garage, a arge foyer with a bridal staircase, hardwoods, a fireplace, an eat-in kitchen, granite countertops, Thermador appliances, Subzero freezer, basement with oversized recreation room and a beautiful blue stone walkway.
The seller: Joel M. Schwab & Claire D. Lieberman
The purchase: In June 2013, Schwab and Lieberman paid $767,500 for the home, or roughly $830,845 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2013, Schwab and Lieberman paid $767,500 for the home, or roughly $830,845 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Schwab and Lieberman sold the home for $715,000 on Feb. 4, for $115,844 less than the original purchase price, in today's dollars.
Schwab and Lieberman listed the home in November 2018 for $775,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Schwab and Lieberman paid $102,878 in property taxes between 2013 and 2017, or about 14.39 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 |
| $767,500 | $715,000 | $102,878 |
