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Land In Hinsdale Acquired For $1.25M By Coldwell Banker And RE/MAX Represented Parties

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SOLD
$1,250,000

Illinois

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Land
Sold 09/16/2023
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SOLD

Land In Hinsdale Acquired For $1.25M By Coldwell Banker And RE/MAX Represented Parties

403 Warren Terrace

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Land
Sold 09/16/2023
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Summary

ILLINOIS
Asset Type:Land
Transaction Type:Sale

A 0.96-acre land parcel located at 403 Warren Terrace in Hinsdale has recently been sold for a total of $1,250,000. The transaction involved Dawn McKenna of Coldwell Banker representing the buyer and Carol Walsh Rosentreter of RE/MAX Properties representing the seller. The property is a land asset with a significant market value in the Hinsdale area.

Summary of transaction details

  • Property Type: Land
  • Transaction Amount: $1,250,000
  • Address: 403 Warren Terrace, Hinsdale
  • Market: Hinsdale
  • Size: 0.96 acres

Dawn McKenna, a representative from Coldwell Banker, played a crucial role in facilitating the purchase on behalf of the buyer. On the other hand, Carol Walsh Rosentreter, the seller's representative from RE/MAX Properties, ensured a smooth transaction for the seller. Both McKenna and Rosentreter possess extensive experience in the real estate industry, making them valuable assets in the negotiation and completion of this deal.

Players

Dawn McKenna
14 deals$76.3M volume
BROKER

Details

SOLD
IMAGE: Carol Walsh Rosentreter & Dawn McKenna DATE: 09/16/2023 ADDRESS: 403 Warren Terrace MARKET: Hinsdale ASSET TYPE: Land ~ ACRES: 0.96 BUYER'S REP: Dawn McKenna (@thedawnmckennagroup) - Coldwell Banker (@coldwellbanker) SELLER'S REP: Carol Walsh Rosentreter (@carolwalshrosentreter) - RE/MAX (@remax) SALE PRICE: $1,250,000 NOTE: A 0.96-acre land parcel at 403 Warren Terrace in Hinsdale was sold for $1,250,000, with Dawn McKenna of Coldwell Banker representing the buyer and Carol Walsh Rosentreter of RE/MAX Properties representing the seller.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$66,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,440.98
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,925.64
Annual Debt Service$71,107.65