Market Watch: Nicolas Stahl & Alexandra Bernardin lose over $129,000 on sale of Lake Forest home
The home: 887 Summit Ave., Lake Forest
The 2,550-square-foot home has 4 bedrooms, 4 baths,9-foot ceilings, a gourmet white kitchen with a big island, a family room with a fireplace, French doors, a patio, and vaulted ceilings and a huge shower in the master suite.
The seller: Nicolas E. Stahl & Alexandra M. Bernardin
The purchase: In April 2017, Stahl and Bernardin paid $935,000 for the home, or roughly $972,006 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In April 2017, Stahl and Bernardin paid $935,000 for the home, or roughly $972,006 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Stahl and Bernardin sold the home for $842,500 on March 21, or about $129,506 less than the original purchase price, in today's dollars.
Stahl and Bernardin originally listed the home for $875,000 in February.
The property taxes: Based on data compiled from Zillow, Stahl and Bernardin paid $14,263 in property taxes in 2017, or about 1.7 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 |
| $935,000 | $842,500 | $14,263 |
