Market Watch: Jeanne & Ramanath Halady pay almost half of Bartlett home's sale price in taxes
The home: 1448 Saddleridge Place, Bartlett
The 3,696-square-foot home has 5 bedrooms, 4 baths, a 3-car garage, a loft, a fireplace, vaulted ceilings, in-law arrangement and a pantry closet. It is n a 0.51-acre lot with mature trees.
The seller: Jeanne M. & Ramanath Halady
The purchase: In June 2000, the Haladys paid $559,500 for the home, or roughly $824,976 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2000, the Haladys paid $559,500 for the home, or roughly $824,976 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Haladys sold the home for $465,000 on March 28, or about $359,976 less than the original purchase price, in today's dollars.
The Haladys originally listed the home for sale in February for $474,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Haladys paid $224,128 in property taxes between 2001 and 2017, or 48.2 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 |
| $559,500 | $465,000 | $224,128 |
