Market Watch: Jennifer & William Phillips lose over $179,000 on sale of Winnetka home
The home: 927 Oak St., Winnetka
The 3,589-square-foot Nantucket-style home has 5 bedrooms, 5 baths, Thermador appliances, custom white cabinetry, quartzite counters, a breakfast room, a family room with built-in bookcases, a recreation room with a wet bar, wainscoting throughout and custom millwork.
The seller: Jennifer J. & William J. Phillips
The purchase: In December 2014, the Phillips paid a little over $1.42 million for the home, or roughly $1.54 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In December 2014, the Phillips paid a little over $1.42 million for the home, or roughly $1.54 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Phillips sold the home for a little over $1.36 million on March 27, or about $179,836 less than the original purchase price, in today's dollars.
The Phillips originally listed the home for a little over $1.49 million in January.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Phillips paid $112,987 in property taxes between 2013 and 2017, about 8.28 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 |
| $1,427,000 | $1,365,000 | $112,987 |
