Sheriff’s Department Confirms Cherry Valley Road Home Seized

Popping up on my screen was a headline from the Woodstock Independent saying the following:

“BV Mansion Seized Following Drug Raid”

Strangely, nothing in the article is about the home’s seizure.

The indoor pool at 1001 Cherry Valley Road in Bull Valley.  The home also has a tennis court.

Contacting the McHenry County Sheriff’s Office for verification of whether the 35-acre estate at 1001 Cherry Valley Road in Bull Valley had been seized resulted in the answer, “Yes.”

The seizure was after the arrest of David Soskin.

Zillow values the 17,426 square foot property at $878,261.

The six bedroom house, built in 1976, has seven full bathrooms and two half bathrooms and a security system

The home was purchased on December 22, 2016, for $800,000.


Sheriff’s Department Confirms Cherry Valley Road Home Seized — 17 Comments

  1. Seems a little low. The property is worth more than that alone. Something smells about this whole deal.

  2. Being busy trashing unions and covering republican fundraisers, our sunshine tax-fighter missed the fact that today we celebrate Memorial Day. Perhaps he is too busy staring at the machine gun seized in Bull Valley last week; or at indoor pools; or looking into the scandal of mishandled funds associated with the Crystal Lake Raue center for the arts (who needs arts, by the way?). In any case, we honor the commitment and bravery of our men and women who fought in wars declared by the United States’ government and suffered by millions of innocent people around the globe for many decades. As we honor the ultimate sacrifice of so many Americans (including recent immigrants and immigrant descendants), their families, and the millions of innocent lives lost, we renew our pledge to condemn the evil military-industrial complex which continues to profit from this never ending war. Furthermore, we honor and thank the thousands of military veterans, who are now serving this country in a more meaningful way; educating the youth in our classrooms. “Every gun that is made, every warship launched, every rocket fired signifies, in the final sense, a theft from those who hunger and are not fed, those who are cold and are not clothed. This world in arms is not spending money alone. It is spending the sweat of its laborers, the genius of its scientists, the hopes of its children. The cost of one modern heavy bomber is this: a modern brick school in more than 30 cities. It is two electric power plants, each serving a town of 60,000 population. It is two fine, fully equipped hospitals. It is some 50 miles of concrete highway. We pay for a single fighter with a half million bushels of wheat. We pay for a single destroyer with new homes that could have housed more than 8,000 people. This, I repeat, is the best way of life to be found on the road the world has been taking. This is not a way of life at all, in any true sense. Under the cloud of threatening war, it is humanity hanging from a cross of iron.” (Dwight Eisenhower, 1953). 2018, are you here yet? Tic, tock, tic, tock…

  3. Your still an idiot, Angel. Memorial Day is to honor the dead.

    It has nothing to do with living veterans. (Or your particular skewed view of any of them.) So much for our educational system.

  4. Cindy…your continuous name calling is unnecessary and sophomoric. Please stop.

  5. The 2016 tax bill on the property is due…

    Who is footing the $50,000 bill for this property if the Sheriff ‘owns’ it?

  6. Now if Angel had only said the forever wars in the Middle East and Afghanistan are bankrupting, unconstitutional, immoral and futile …. I might have agreed with him!

  7. The question is a good one, but it is has not been revealed what agency seized the property.

  8. when property tax is owed it creates a lien.

    investors may buy property tax liens, which carry higher than average interest rates.

    a new buyer of the property would have to clear liens before receiving clear title.

  9. This is a good time to start a discussion on under-assessed properties, and properties which are rented but on which landlords are granted homestead exemptions.

    Under-assessment of properties means all fair-assessed properties must pay more than their fair share to make up the deficit created by the under-assessed property.

    Same with fraudulently obtained homestead exemptions: we all pay more to pay for the ‘discount’ being granted in contravention of the taxation law (homestead exemption is for owner-occupied homes).

    The County assessor refuses to make known a ‘formula’ for assessment of value. for example, if as Pritzker did, a landlord unplugs toilets for a time, the assessment may be lowered 85%. If that is a formulaic rule, ALL landlords should be privy to that loophole and may wish to disconnect toilets to save 85% on property tax bills.

    Of course, then ALL other homeowner tax bills would rise as we all would be forced to chip in to pay for the landlords’ discounts.

    When homes are rented out to tenants, in order for a homestead exemption to be legal when the exemption grantee does not occupy that home as primary residence, the tenant must sign a contract guaranteeing that the property tax is his responsibility.

    Unless assessors possess that paperwork AND ENFORCE IT, may overburdened taxpayers assume that the assessors are either incompetent or complicit?

    Actually I am surprised that some enterprising lawyer hasn’t begun a qui tam lawsuit to collect all the property tax evasion monies (along with interest and fines) that are arguably due to assessors unwilling to apply the law equally to all properties without bias for or against persons owning the properties.

  10. There was an estate sale at this home and while enormous it was very out dated.

  11. I agree with Cindy the original purchase of the house has the smell of a money laundering scheme…

  12. I recall reading that this property was purchased by a trust, not Mr Soskin.

    This could complicate matters with respect to asset forfeiture.

  13. If someone gave me this house for free, I could not afford the property taxes.

  14. With 20% down and good credit, P&I would be a little over $3k/month on a 30 year fixed rate loan. $50k/year in taxes is insane.

  15. There has to be more to this story, as I still can’t wrap my head around the fact that an unemployed couple was able to get financing or pay cash for an $800k home with $51k/year in property taxes, and it raised no red flags.

    It said in an earlier article that it was in a “trust”, and I’m not sure what that means in this situation, perhaps someone else can shed some light on the Illinois real estate laws.

    Even if the house was paid in full, it would take several thousand dollars per month just to cover the taxes, insurance, utilities and upkeep.

    I believe this couple was in a lot deeper than 1000 pounds of pot.

    People that traffic dope usually aren’t the ones who sell it, either.

  16. Northwest Herald

    Bull Valley Man Accused of Trafficking Hundreds of Pounds of Marijuana Fires Defense Lawyer

    by Jordan Reiland

    August 1, 2017

    “Sheriff’s deputies searched the couple’s Bull Valley home May 19 and found about 350 pounds of marijuana in a locked closet in the master bedroom, according to court documents.

    The street value of the marijuana was estimated at about $3.2 million.”

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