Market Watch: Julie Hibbard loses over $69,000 on sale of Chicago condo
The home: 3214 N. Seminary Apt.1, Chicago
The 2,900-square-foot condo has 4 bedrooms, 3 baths, an attached garage, stainless steel appliances, hardwoods, heated floors, a fireplace, a breakfast bar and storage galore.
The seller: Julie Anne Hibbard
The purchase: In February 2017, Hibbard paid $910,000 for the home, or roughly $954,621 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In February 2017, Hibbard paid $910,000 for the home, or roughly $954,621 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, sold the home for $885,000 on May 15, or approximately $69,621 less than the original purchase price, in today's dollars.
Hibbard listed the home in April for $915,000.
The property taxes: Based on data compiled from Blockshopper.com, Hibbard paid $15,251 in property taxes in 2017, or about 1.72 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 |
| $910,000 | $885,000 | $15,251 |
