Updated Sep 9, 2024
Joe Gerber's Gerber Group Acquires SFR In Hoffman Estates For $640K
1686 Heron Way, Hoffman Estates, Illinois 60192, United States
$640,000
$144/SF
Building Size
4,445 SF
Asset Type
Single Family Residence
Closing
Mar 22, 2022
About this deal
AI
Located in Hoffman Estates, this single-family residence (SFR) at 1686 Heron Way recently changed hands in a closed sale transaction. The property spans approximately 4,445 square feet and boasts an attractive price per square foot of $144. The transaction, facilitated by Joe Gerber of Gerber Group at Engel & Völkers Chicago North Shore, closed at a sale price of $640,000.
Summary of Transaction Details
- Property Type: SFR
- Transaction Amount: $640,000
- Address: 1686 Heron Way, Hoffman Estates
- Market: Hoffman Estates
- Broker: Joe Gerber - Gerber Group - Engel & Völkers Chicago North Shore
- Square Footage: 4,445
- Price per Square Foot: $144
Joe Gerber, representing Gerber Group at Engel & Völkers Chicago North Shore, played a pivotal role in facilitating this successful real estate transaction in Hoffman Estates. The sale of this SFR property at 1686 Heron Way showcased the expertise and professionalism of Joe Gerber and his team.
Players
Hoffman Estates Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
24.79%
Cash-on-Cash
-7.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93