Market Watch: Mary & Ronald Aniballi lose over $236,000 on sale of Hampshire home
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: 15N927 Pheasant Fields Lane, Hampshire
The 3,327-square-foot home has four bedrooms, three baths and a heated built-in pool with beautiful brick patio areas.
The seller: Mary E. and Ronald J. Aniballi
The Aniballis own Dundee Landscape Nursery, according to the Illinois Secretary of State's office.
Ronald Aniballi made headlines in local newspapers in November 2007 for allegedly kicking and breaking a glass door while attending a bond hearing for his son at the Kane County jail.
The purchase: In November 2003, the Aniballis paid $475,000 for the home, or roughly $646,806 in today's dollars.
The sale: According to Zillow, the Aniballis sold the home for $410,000 on Jan.11, or an estimated $236,806 less than the original purchase price, in today's dollars.
The Aniballis originally listed the home for $460,000 in April 2018. In August 2018 they dropped the price to $425,000 where it stayed until it sold.
The property taxes: The Aniballis paid $50,876 in property taxes from 2013 o t2017, or approximately 12 percent of the sale price.