Market Watch: James & Clare Dwyer lose over $247,000 on sale of Orland Park home
The home: 10534 Buck Drive, Orland Park
The 3,193-square-foot home has 5 bedrooms, 4 baths, a 2-car garage, hardwoods, a great room with a fireplace, a powder room, maple cabinets, granite countertops, a finished lower level, a recreation room with a bar, an office with French doors and gorgeous professional landscaping.
The seller: James G. & Clare M. Dwyer
The purchase: In September 2006, the Dwyers paid $613,000 for the home, or roughly $767,993 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In September 2006, the Dwyers paid $613,000 for the home, or roughly $767,993 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Dwyers sold the home for $575,000 on April 25, or approximately $247,993 less than the original purchase price, in today's dollars.
The Dwyers originally listed the home in February for $525,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Dwyers paid $116,199 in property taxes between 2006 and 2017, or 22.35 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 |
| $613,000 | $520,000 | $116,199 |
