Market Watch: Joyce Bonner loses over $86,000 on sale of Flossmoor home
The home: 2035 Cummings Lane, Flossmoor
The 2,524-square-foot home has 4 bedrooms, 4 baths, 2 master bedrooms, an updated granite kitchen, plenty of cabinet space, a wine bar, family room with a fireplace, finished recreation room, storage galore, a beautiful deck and a fenced yard.
The seller: Joyce M. Bonner
The purchase: In August 2006, Bonner paid $349,000 for the home, or roughly $435,098 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In August 2006, Bonner paid $349,000 for the home, or roughly $435,098 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Bonner sold the home for $259,000 on April 26, or approximately $86,098 less than the original purchase price, in today's dollars.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Bonner paid $57,682 in property taxes between 2013 and 2017, or about 22.27 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 |
| $349,000 | $259,000 | $57,682 |
