3513 Brayberry Lane, Crystal Lake | Zillow
3513 Brayberry Lane, Crystal Lake | Zillow
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.
The home: 3513 Brayberry Lane, Crystal Lake
This 3,947-square-foot home has five bedrooms, four baths and a finished walk-out basement in the Oak Grove subdivision. It includes more than $100,000 in renovations and design upgrades.
The seller: Trusts held by Hsiao Yunlung and Ran Tao
The purchase: In November 2009, Yunlung and Tao paid $430,000 for the home, or $499,376 in today's dollars.
The sale: According to Zillow, the home is currently being listed on a contingency for $385,000, or $114,000 less than the original purchase price, in today's dollars.
Yunlung and Rao originally listed the home for sale at $430,000 in May 2018. The price dropped several times before hitting $395,000 in December 2018.
The property taxes: Yunlung and Tao paid $61,019 in property taxes between 2013 and 2017, or 14 percent of the sale price.
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