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Christine Wilczek Of Realty Executives Elite Represents Buyer In 2.26 Acre Land Sale For $1.19M
SOLD
Illinois
See Similar DealsLand
Sold 08/22/2024
SOLD
Christine Wilczek Of Realty Executives Elite Represents Buyer In 2.26 Acre Land Sale For $1.19M
315 Stable Lane
See Similar DealsLand
Sold 08/22/2024
Summary
ILLINOIS
Asset Type:Land
Transaction Type:Sale
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:
- Property Type: Land
- Transaction Amount: $1,187,500
- Address: 315 Stable Lane
- Market: Lake Forest
- Acres: 2.26
- Buyer's Representative: Christine Wilczek - Realty Executives Elite
- Seller's Representative: Ornit Mandell - Ornit Mandell Real Estate
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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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$63,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,218.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,629.36
Annual Debt Service$67,552.27
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