Market Watch: Alison Wendt loses over $54,000 on sale of Highland Park home
The home: 1655 Sherwood Road, Highland Park
The 2,314-square-foot home has 4 bedrooms, 3 baths, a 2-car garage, 2-story foyer, white kitchen, wood- burning fireplace, refinished hardwoods, updated master bath, Pella windows, fenced backyard, patio and play structure.
The seller: Alison Wendt
The purchase: In May 2015, Wendt paid $481,000 for the home, or roughly $516,888 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2015, Wendt paid $481,000 for the home, or roughly $516,888 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Wendt sold the home for $462,500 on May 15, or about $54,388 less than the original purchase price, in today's dollars.
Wendt listed the home in February for $475,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Wendt paid $35,425 in property taxes between 2015 and 2017, or approximately 7.66 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 |
| $481,000 | $462,500 | $35,425 |
