Dupage Policy Journal

Dupage Policy Journal

Wednesday, October 16, 2019

Market Watch: Jared Gallagher and Leslie Strutzenburg lose over $110,000 on sale of Downers Grove home

Real Estate

By SYHN News Service | Feb 8, 2019

5833 Chase Ave., Downers Grove | 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: 5833 Chase Ave., Downers Grove

The 2,600-square-foot dome-shaped home has three bedrooms, three baths and features a private loft with a beautiful spiral staircase.

The seller: Jared Gallagher and Leslie Strutzenburg

The purchase: In December 2002, Gallagher and Strutzenburg paid $290,000 for the home, or roughly $402,750 in today's dollars, according to the U.S. Bureau of Labor Statistics

The sale: According to Zillow, Gallagher and Strutzenburg sold the home for $292,500 on Jan. 30, or approximately $110,250 less than the original purchase price, in today's dollars.

Gallagher and Strutzenburg originally listed the home for $550,000 in July 2018.  They dropped the price drastically 17 times in 2018.  It was last listed at $300,000 in December 2018.

The property taxes: Based on data compiled from Blockshopper.com and Zillow, Gallagher and Strutzenburg paid $81,779 in property taxes between 2002 and 2017, or about 28 percent of the sale price. 


The Financial Facts in Today’s Dollars

Seller's Purchase PriceAmount Home Sold for in 2019Seller’s Property Taxes

Want to get notified whenever we write about any of these organizations ?

Sign-up Next time we write about any of these organizations, we'll email you a link to the story. You may edit your settings or unsubscribe at any time.

Organizations in this Story

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

More News