Paul & Brandi Miller Acquire SFR In Downers Grove For $1.096M With Broker Michael Scanlon - The Axon Group
6036 Margo Court, Downers Grove, Illinois 60516, United States
$1,096,000
$274/SF
Building Size
4,000 SF
Asset Type
Single Family Residence
Closing
Feb 1, 2022
AI
6036 Margo Ct in Downers Grove has been sold in a recent transaction. The property is a Single Family Residence (SFR) with a size of 4,000 square feet. The sale took place on February 1, 2022.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,096,000
- Address: 6036 Margo Ct
- Market: Downers Grove
The buyer, Paul & Brandi Miller, acquired the property from the seller, Dave Bradley. The transaction was facilitated by broker Michael Scanlon from The Axon Group. The property had an asking price of $1,079,000 and was ultimately sold for $1,096,000, resulting in a price per square foot of $274.
It's worth noting that Michael Scanlon, the broker involved in the deal, provided assistance to his best friend and his wife, both of whom are Army Veterans.
Players
Downers Grove 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
14.47%
Cash-on-Cash
-4.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93