Dupage Policy Journal

Dupage Policy Journal

Sunday, October 20, 2019

Market Watch: George & Judith Thompson lose over $156,000 on sale of Naperville home

Real Estate

By SYHN News Service | Jan 27, 2019

6016 Rosinweed Lane, Naperville | 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: 6016 Rosinweed Lane, Naperville

The 2,813-square-foot home has 4 bedrooms, 4 baths, an open floor plan and gourmet kitchen.

The seller: George H. Thompson Jr. and Judith B. Thompson

The purchase: In May 2008, the Thompsons paid $575,000 for the home, or roughly $666,840 in today's dollars, according to the U.S. Bureau of Labor Statistics.

The sale: According to Zillow, the Thompsons sold the home for $510,000 on Jan.11, or approximately $156,840 less than the original purchase price, in today's dollars.

The Thompsons originally listed the home for $510,000 on November 2018. They dropped the price later that month to $500,000.

The property taxes: Based on data compiled from Blockshopper.com and Zillow, the Thompsons paid $112,246 in property taxes between 2008 and 2017, or 22 percent of the sale price. 


The Financial Facts in Today’s Dollars

Seller's Purchase Price

Amount Home Sold for in 2019

Seller’s Property Taxes




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Organizations in this Story

Blockshopper.com U.S. Bureau of Labor Statistics Zillow

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