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315 Stable Lane

Updated Dec 4, 2024

Christine Wilczek Of Realty Executives Elite Represents Buyer In 2.26 Acre Land Sale For $1.19M
SOLDLand

Christine Wilczek Of Realty Executives Elite Represents Buyer In 2.26 Acre Land Sale For $1.19M

315 Stable Lane

$1,187,500

Building Size

—

Asset Type

Land

Closing

Aug 22, 2024

About this deal

AI

A 2.26-acre land parcel located at 315 Stable Lane in Lake Forest was sold for $1,187,500. This transaction highlights the interest in land assets within the Lake Forest market.

Summary of transaction details:

In this transaction, Christine Wilczek represented the buyer, while Ornit Mandell acted on behalf of the seller, showcasing their expertise in the real estate market.

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$1,187,500

Land

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Players

Ornit Mandell

Ornit Mandell Real Estate

Broker

$1.2M

vol

1 deal

Broker
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Lake Forest Land Market Snapshot

Boundary boundary · Land · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.36%

Cash-on-Cash

-3.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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