Marketwatch: Owner of Naperville golf course home loses over $194,000 on the sale
The home: 2456 Fawn Lake Circle, Naperville
The 2,456-square-foot home has 6 bedrooms, 5 baths, a 3-car garage, large windows that provide natural light, vaulted ceilings, multiple fireplaces, a finished basement, recreation room, sitting room, playroom, breakfast room and has scenic water views on a golf course lot.
The seller: Unnamed
The purchase: In May 2014, the unnamed buyer paid $720,000 for the home, or roughly $769,337 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2014, the unnamed buyer paid $720,000 for the home, or roughly $769,337 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the unnamed buyer sold the home for $575,000 on March 22, or approximately $194,337 less than the original purchase price, in today's dollars.
The unnamed buyer originally listed the home for $599,900 in January 2019.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the unnamed buyer paid $80,321 in property taxes between 2014 and 2017, or about 13.97 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 |
| $720,000 | $575,000 | $80,321 |
