Market Watch: Former NHL player buys Hinsdale home for $57K less than seller paid
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: 328 N. Oak St., Hinsdale
The 2,453-square-foot home has 4 bedrooms, 3.5 baths, exposed beams, hickory flooring, Roecker cabinetry, and Subzero and Wolf appliances.
The seller: A trust held by Jeremy M. Hoenig, who is an emergency medicine doctor who practices in Maywood.
The purchase: According to Blockshopper.com, Jeremy and Jeanette D. Hoenig purchased the home in 2010 for $880,000, or $1.02 million in today's dollars.
The sale: Zillow reported that Jeremy Hoening listed the home for sale in May 2018 for $1.03 million. He removed the home from the marketplace a few weeks later, only to relist it in October for $999,000.
Former professional hockey player Blake Geoffrion and his wife, Katelyn, purchased the home in December for $962,500, according to Blockshopper. Geoffrion played two seasons in the NHL for the Nashville Predators and the Montreal Canadiens.
The property taxes: Hoenig paid $111,504 in property taxes between 2010 and 2017, or 12 percent of the sale price.