Lake Forest SFR Under Contract At Historic Green Bay Road Estate For $7.9M
255 N Green Bay Rd, Lake Forest, IL 60045
$7,990,000
$532/SF
Building Size
15,000 SF
Asset Type
Single Family Residence
Closing
Jul 26, 2023
AI
The historic Lake Forest estate at 255 North Green Bay Road has found a buyer after price cuts, with its final asking price at $7.9 million. The 15,000-square-foot home, built in 1934, is the most expensive listing in Lake Forest. The property offers ample space with its 15,000 square feet and is located at 255 North Green Bay Road in Lake Forest. The estate features a charming historic design and is situated in a highly desirable location, contributing to its status as the most expensive listing in Lake Forest. The final asking price for the property is $7.9 million, making it an exclusive opportunity for potential buyers.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,990,000
- Broker: Jennifer Ames - Engel & Voelkers
- Market: Lake Forest
Jennifer Ames of Engel & Voelkers represented the seller in this transaction, showcasing her expertise in the Lake Forest market. With her assistance, the estate successfully found a buyer after undergoing price cuts. Jennifer's extensive knowledge of the area and her strong negotiation skills played a crucial role in securing a deal for this prestigious property. Both the buyer and the seller can benefit from Jennifer's professional guidance throughout the transaction process.
Players
Chicago 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
1.99%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93