452 Kelley Lane, Crystal Lake | Zillow
452 Kelley 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: 452 Kelley Lane, Crystal Lake
The 2,898-square-foot home has 4 bedrooms, 4 baths and is located in the Kelly Woods neighborhood. It lies within top-rated school districts.
The seller: Shelley K. & Stefan Brucki
The purchase: In April 2000, the Bruckis paid $317,500 for the home, or roughly $465,653 in today's dollars.
The sale: According to Zillow, the Bruckis sold the home for $337,000 on Jan.10, or approximately $128,653 less than the original purchase price, in today's dollars.
The Bruckis originally listed the home for $364,750 in July 2018. The price continuously dropped until it was last listed for sale in October 2018 at $325,000.
The property taxes: The Bruckis paid $63,892 in property taxes in just 9 out of 18 years of home ownership, or 20 percent of the sale price.
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