Updated Sep 5, 2024
Lital Avnet & Patrick Milhaupt Sell Lake Forest SFR For $2.95M
1000 E Illinois Rd Lake Forest, IL 60045, USA
$2,950,000
$470/SF
Building Size
6,268 SF
Asset Type
Single Family Residence
Closing
Jul 24, 2023
About this deal
AI
A single-family home located at 1000 East Illinois Road in Lake Forest has been sold for $2,950,000. The property spans approximately 6,268 square feet, resulting in a price per square foot of $471. The seller, Jeffrey Brincat, was represented by Lital Avnet and Patrick Milhaupt of Jameson Sothebys International Realty. The asking price for the property was $3,050,000.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $2,950,000
- Address: 1000 East Illinois Road, Lake Forest
- Square Footage: 6,268
- Price per Square Foot: $471
- Seller: Jeffrey Brincat
- Seller's Representative: Lital Avnet & Patrick Milhaupt - Jameson Sothebys International Realty
Lital Avnet and Patrick Milhaupt of Jameson Sothebys International Realty played a vital role in representing Jeffrey Brincat in the sale of the property at 1000 East Illinois Road. The deal was finalized at a sale price of $2,950,000 for a single-family home measuring approximately 6,268 square feet. Both parties agreed upon the transaction, which had initially requested $3,050,000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93