Christopher Pertile Sells 10-acre Land In Lake Forest For $1.625M
799 West Everett Road
$1,625,000
Building Size
—
Asset Type
Land
Closing
Jun 14, 2024
About this deal
AI
The property at 799 West Everett Road in Lake Forest spans two wooded lots totaling 10 acres and was recently sold for $1,625,000. This expansive land offers the potential for development into a single-family equestrian estate or the subdivision into multiple parcels. The strategic location of the property near transportation hubs, schools, and recreational facilities enhances its overall appeal.
Summary of transaction details:
- Property Type: Land
- Transaction Amount: $1,625,000
- Address: 799 West Everett Road
- Market: Lake Forest
- Asset Type: Land
- Acres: 10
- Broker: Christopher Pertile - Christie's International Real Estate
Christopher Pertile from Christie's International Real Estate represented the parties involved in the transaction at 799 West Everett Road. His expertise and negotiation skills likely played a crucial role in securing the sale of this prime land. The buyers and sellers involved in the deal saw the potential in this property, either for a grand single-family estate or for creating multiple parcels, showcasing the versatility and attractiveness of the asset.
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
9.76%
Cash-on-Cash
-2.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93