5 Featherstone Court, Lake in the Hills | Zillow
5 Featherstone Court, Lake in the Hills | 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: 5 Featherstone Court, Lake in the Hills
The 3,450-square-foot home has 4 bedrooms, 4 baths, and features an open family room with cozy fireplace and beautiful sunroom
The seller: Angel and Aprilza Guieb
The purchase: In July 2008, the Guiebs paid $382,004 for the home, or roughly $436,307 in today's dollars.
The sale: According to Zillow, the Guiebs sold the home for $374,000 on Jan.15, or an estimated $62,307 less than the original purchase price, in today's dollars.
The Guiebs originally listed the home for $409,900 in September 2015. They dropped the price in November 2018 to $374,400.
The property taxes: The Guiebs paid $64,242 in property taxes between 2013 and 2017, or approximately 17 percent of the sale price.
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