Market Watch: Cartus Financial Corporation loses over $137,000 on sale of Chicago home
The home: 3753 N. Tripp Ave., Chicago
The 6,000-square-foot home has 6 bedrooms, 5 baths, a 3-car garage, custom gourmet kitchen, dining room with built-in China cabinets, basement with a recreation room, wet bar, outdoor fireplace, giant yard with an automatic sprinkler system and new HVAC systems.
The seller: Cartus Financial Corporation
The purchase: In January 2019, Cartus Financial Corporation paid $1.17 million for the home, or roughly $1.18 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In January 2019, Cartus Financial Corporation paid $1.17 million for the home, or roughly $1.18 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Cartus Financial Corporation sold the home for $1.05 million on May 16, or approximately $137,830 less than the original purchase price, in today's dollars.
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 |
| $1,520,000 | $1,050,000 | N/A |
