Market Watch: Alfred Sattelberger & Mary Yates lose over $448,000 on the sale of their Darien home
The home: 1520 Evergreen Lane, Darien
The 4,010-square-foot home has 5 bedrooms, 4 baths, a 2-story family room with a wet bar, white kitchen with granite islands, in-law suite, finished lower level, laundry chute in the master walk-in closet, large windows, new skylights and gorgeous views of the Carriage Green Golf Club.
The seller: Alfred Sattelberger & Mary Yates
The purchase: In June 2006, Sattelberger and Yates paid $860,000 for the home, or roughly $1.08 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In June 2006, Sattelberger and Yates paid $860,000 for the home, or roughly $1.08 million in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Sattelberger and Yates sold the home for $635,000 on May 24, or approximately $448,150 less than the original purchase price, in today's dollars.
Sattelberger and Yates originally listed the home for $695,000 in February. They lowered the price in March to $675,000.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Sattelberger and Yates paid $152,845 in property taxes between 2006 and 2017, or 24.07 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 |
| $860,000 | $635,000 | $152,845 |
