Timothy Olsick & Debbie DeGroot Facilitate $1.1M Sale Of 5.09-Acre Land In New Lenox
441 Degroate Road
$1,100,000
Building Size
—
Asset Type
Land
Closing
May 3, 2024
About this deal
AI
A 5.09-acre vacant land parcel located at 441 Degroate Road in New Lenox was sold for $1,100,000. The buyer, represented by Timothy Olsick of Olsick Realty, acquired the property with Debbie DeGroot of CRIS Realty acting as the seller's representative.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,100,000
- Address: 441 Degroate Road
- Market: New Lenox
- Asset Type: Land
- ACRES: 5.09
- Buyer's Rep: Timothy Olsick - Olsick Realty
- Seller's Rep: Debbie DeGroot - CRIS Realty
Timothy Olsick represented the buyer in the purchase of the 5.09-acre land parcel, while Debbie DeGroot acted as the seller's representative in the transaction.
Players
New Lenox 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93