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Berkshire Hathaway HomeServices Acquires Lake Bluff Single Family For $1.5M

Property Image
SOLD
$1,500,000

Illinois

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Single Family Residence5,927 SF
Sold 11/13/2020
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Property Image
SOLD

Berkshire Hathaway HomeServices Acquires Lake Bluff Single Family For $1.5M

552 Ravine Avenue, Lake Bluff, IL, USA

See Similar Deals
Single Family Residence5,927 SF
Sold 11/13/2020
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Summary

ILLINOIS
Asset Type:Single Family Residence
Price Per Square Foot:$253
Total Square Footage:5,927 SF
Transaction Type:Sale

A single-family home in Lake Bluff has been sold for $1,500,000, according to a recent transaction report. The property, which spans 5,927 square feet, was sold on November 13, 2020. The deal was facilitated by Alissa Knochel Morton and Michael D. Smith from Berkshire Hathaway HomeServices.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $1,500,000
  • Square Footage: 5,927
  • Market: Lake Bluff

The sale of the single-family home in Lake Bluff was successfully completed through the efforts of Alissa Knochel Morton and Michael D. Smith from Berkshire Hathaway HomeServices. Their expertise in the market and dedication to meeting their clients' needs ensured a smooth transaction process.

Players

Alissa Knochel Morton
1 deal$1.5M volume
BROKER

Michael D Smith
Berkshire Hathaway HomeServices
1 deal$1.5M volume
BROKER

Details

SOLD
IMAGE: Michael D. Smith & Alissa Knochel Morton DATE: 11/13/2020 MARKET: Lake Bluff ASSET TYPE: Single Family BROKERS: Alissa Knochel Morton (@AKnochMorton) (@AlissaHomes) & Michael D. Smith - Berkshire Hathaway HomeServices (@BHHS_Chicago) SALE PRICE: $1,500,000 SF: 5,927 ~ PPSF: $253

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18