Market Watch: Former Bulls forward Toni Kukoc lists Highland Park mansion at a loss
The home: 1830 Hybernia Drive, Highland Park
The 5,035-square-foot contemporary home with beautiful pond views has 6 bedrooms, 7 baths, a heated 3-car garage, floor-to-ceiling windows, a private den/office, large walk-in closets, a finished basement, wet bar and an exercise room.
The seller: Toni & Renata Kukoc
Toni Kukoc is a retired Chicago Bulls player who is originally from Croatia. He won three championship titles with the Bulls between 1993-2000. He is currently a special adviser to Michael Reinsdorf, the team's president and chief operating officer.
Toni Kukoc is a retired Chicago Bulls player who is originally from Croatia. He won three championship titles with the Bulls between 1993-2000. He is currently a special adviser to Michael Reinsdorf, the team's president and chief operating officer.
The purchase: In November 1993, the Kukocs paid $798,000 for the home, or roughly $1.39 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
Potential sale: According to Zillow, the Kukocs listed the home for sale in March for $1.15 million. If the home sells for the asking price, the Kukocs will lose over $241,000 on the sale of the home.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Kukocs paid $345,652 in property taxes between 1993 and 2017, or about 30 percent of their current asking 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 | Asking Price for home in 2019 | Seller’s Property Taxes |
| $798,000 | $1,150,000 | $345,652 |
