| View from the Balcony |
Our former unit was sold, according to Zillow. The price was $296,000. This is an appreciation of 29% since December 2022. The most recent owner did make some improvements to one of the bathrooms, replaced appliances, etc.
Real estate taxes have increased about 60% in the last 8 years. According to Zillow the HOA fees are $439 per month. That's an increase of 22% since December 2022. That's a sizeable fee increase, compared to what we (the board I was a member of) was able to achieve.
Fees and real estate taxes now total about $814 per month. I projected these increases would occur and they are the financial reason we sold several years ago. I had low confidence in the board's ability to both maintain the property and hold the line on fee increases. The State of Illinois has been reducing revenue sharing to communities such as Wheaton. As a consequence, these communities have no choice but to raise taxes. Illinois is in a fiscal tailspin.
We moved to a state that has seen an influx of New Yorkers, Californians and so on. They bring their bad ideas with them.
(c) 2026 N. Retzke
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