Michael King Acquires Park Ridge, IL SFR From David & Carla Ferguson For $569K
728 S Cumberland Ave, Park Ridge, IL 60068, USA
$569,000
$208/SF
Building Size
2,728 SF
Asset Type
Co-Op
Closing
Oct 26, 2022
About this deal
AI
The single-family home located at 728 S Cumberland Ave in Park Ridge, IL has been sold. The property, spanning 2,728 square feet, was purchased by Michael King from sellers David and Carla Ferguson. The transaction was facilitated by broker Andy Ogorzaly from EXIT Strategy Realty. The sale price was $569,000, resulting in a price per square foot of $209.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $569,000
- Address: 728 S Cumberland Ave, Park Ridge, IL
- Market: Park Ridge, IL
- Buyer: Michael King
- Seller: David & Carla Ferguson
- Broker: Andy Ogorzaly - EXIT Strategy Realty
- Square Footage: 2,728
- Price per Square Foot: $209
Andy Ogorzaly, representing EXIT Strategy Realty, played a pivotal role in the successful completion of the deal. The sellers, David and Carla Ferguson, entrusted their property to Andy, who effectively navigated the negotiation process and ensured a smooth transaction for both parties involved.
Players
Park Ridge Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
Loading comparables…
Deal FAQ
About $208 per square foot on a published $569K for 2,728 square feet (2022).
Visit Carla Ferguson to view all their deals.
Browse Illinois co op sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
27.88%
Cash-on-Cash
-7.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93