Market Watch: Jeanine Marie Donofrio & John Herman Mathews Jr. lose over $78,000 on sale of Chicago condo
The home: 1841 W. Addison St., Chicago
The 3,500-square-foot home has 4 bedrooms, 4 baths, a 2-car garage, hardwoods, high-end appliances, heated floors on the lower level, spa-like bath in the master suite, spacious rooms. The home is close to the Brown Line in desirable Roscoe Village.
The seller: Jeanine Marie Donofrio & John Herman Mathews Jr.
The purchase: In May 2017, Donofrio and Mathews paid $1.09 million for the home, or roughly $1.13 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In May 2017, Donofrio and Mathews paid $1.09 million for the home, or roughly $1.13 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Donofrio and Mathews sold the home for $1.06 on May 10, or approximately $78,168 less than the original purchase price, in today's dollars.
Donofrio and Mathews originally listed the home for $1.1 million in January.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Donofrio and Mathews paid $4,604 in property taxes in 2017, or about 0.43 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 |
| $1,090,000 | $1,060,000 | $4,604 |
