Market Watch: Former Bears coach loses over $423,000 on sale of Lake Forest mansion
The home: 184 W Onwentsia Road, Lake Forest
The 8,161-square-foot country style has 6 bedrooms, 8 baths, a 4-car garage, a large eat-in kitchen with a butler's pantry, a full second kitchen, a master suite with an impressive outfitted closet, 2 fireplaces, a cinema room, a recreation room, an additional 3,500 square feet in the lower level and an elevator. The home has a fenced backyard and sits on 1.78 acres.
The seller: John Fox and Robin Militello
Fox coached the Chicago Bears from 2015 to 2017. The home was placed on the market in April 2018, shortly after Fox was terminated by the team.
Fox coached the Chicago Bears from 2015 to 2017. The home was placed on the market in April 2018, shortly after Fox was terminated by the team.
Fox and his wife purchased the home from retired Bears wide receiver, Tom Waddle.
The purchase: In April 2015, Fox and Militello paid roughly $3.27 million for the home, or roughly $3.51 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Fox and Militello sold the home for approximately $3.09 million on April 14, or $423,660 less than the original purchase price, in today's dollars.
They originally listed the home for $3.39 million in April 2018 and dropped the price in August 2018 to $3.09 million.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Fox and Militello paid $148,702 in property taxes between 2015 and 2017, or about 4.8 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 |
| $3,275,000 | $3,095,000 | $148,702 |
