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799 West Everett Road

Updated Dec 4, 2024

Christopher Pertile Sells 10-acre Land In Lake Forest For $1.625M
SOLDLand

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.

Players

Christopher Pertile

At Properties Commercial

Broker

$1.6M

vol

1 deal

Broker

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

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