Market Watch: Naperville woman's trust estate over $232,000 on sale of home
The home: 4352 Camelot Circle, Naperville
The 3,724-square-foot home has 5 bedrooms, 4 baths, a 3-car garage, an in-law arrangement, a 2-story family room, an open kitchen with separate breakfast room, a finished basement, a custom patio with a fire pit and a new roof.
The seller: Dawne M. Martin (Trustee), Dawne M. Martin 2011 (Living trust)
The purchase: In January 2009, Martin paid $620,000 for the home, or roughly $750,390 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The purchase: In January 2009, Martin paid $620,000 for the home, or roughly $750,390 in today's dollars, according to the U.S. Bureau of Labor Statistics.
The sale: According to Zillow, Martin sold the home for $517,500 on May 24, or approximately $232,890 less than the original purchase price, in today's dollars.
Martin originally listed the home for $580,000 in March 2009 and lowered the price in April 2009 to $565,000. The home was taken off the market for about nine years and re-listed in April 2018 for $639,900. In May, June and July 2018, the home price dropped to $634,900, $624,900 and $619,900, respectively. In August and September 2018, the price lowered again to $609,900 and $599,900. In January, the home was listed for $579,900. In February, the price dropped twice to $569,900 and $559,900. In March, the price dipped to $539,900. The home was last listed in April for $524,900.
The property taxes: Based on data compiled from Blockshopper.com and Zillow, Martin paid $143,814 in property taxes between 2009 and 2017, or about 27.79 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 |
| $620,000 | $517,500 | $143,814 |
