Market Watch: Jason & Kristy Mikulski lose over $146,000 on sale of Mokena home
The home: 17965 S. Foxhound Lane, Mokena
The 3,744-square-foot home has 5 bedrooms, 4 baths, a heated 3-car garage, refinished hardwoods, cathedral ceilings, fully finished walk-out basement with a theater room, master bath with jacuzzi tub, walk-in closets in every bedroom, new exterior lamps and an in-ground pool.
The seller: Jason M. & Kristy L. Mikulski
The purchase: In June 2010 the Mikulskis paid $470,000 for the home, or approximately $551,040 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2010 the Mikulskis paid $470,000 for the home, or approximately $551,040 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, the Mikulskis sold the home for $405,000 on May 13, or roughly $146,040 less than the original purchase price, in today's dollars.
The Mikulskis originally listed the home for $399,900 in April.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Mikulskis paid $119,370 in property taxes between 2010 and 2017, or about 29.47 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 |
| $470,000 | $405,000 | $119,370 |
