Market Watch: Nathan & Claudia Robinson lose over $17,000 on sale of Bloomington home
The home: 2010 Single Tree Lane, Bloomington
The 2,000-square-foot home has 4 bedrooms, 3 baths, a 2-car garage, fresh paint, a wood-burning fireplace, a fenced backyard, a large deck and spacious rooms.
The seller: Nathan R. Robinson & Claudia Elizabeth Robinson
The purchase: In May 2014, the Robinsons paid $176,000 for the home, or roughly $188,060 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2014, the Robinsons paid $176,000 for the home, or roughly $188,060 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Robinsons sold the home for $171,000 on April 17, or approximately $17,060 less than the original purchase price, in today's dollars.
The Robinsons originally listed the home for $179,900 in October 2018, but lowered the price in December 2018 to $176,900. In January, they dropped the price again to $174,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Robinsons paid $19,340 in property taxes between 2013 and 2017, or about 11.31 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 |
| $176,000 | $171,000 | $19,340 |
