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61 East Palatine Road, Sout...

Updated Dec 21, 2023

Trinity Brokerage, LLC Represents Buyer In $5M SFR Sale In South Barrington
SOLDSingle Family Residence

Trinity Brokerage, LLC Represents Buyer In $5M SFR Sale In South Barrington

61 East Palatine Road, South Barrington, Illinois 60010, United States

$5,000,000

$1,084/SF

Building Size

4,611 SF

Asset Type

Single Family Residence

Closing

Oct 4, 2022

About this deal

AI

The recently closed property transaction in South Barrington, IL involved a single-family residential property located at 61 East Palatine Road. Spanning across 70 acres, this property offers a spacious and serene setting for its future owner.

Summary of transaction details:

  • Property Type: Single-Family Residential
  • Transaction Amount: $5,000,000
  • Address: 61 East Palatine Road, South Barrington, IL
  • Market: South Barrington, IL
  • Size: 4,611 sq. ft.
  • Price per square foot: $1,084

The buyer in this transaction was represented by Cris Elias from Trinity Brokerage, LLC, while the seller was represented by Christie Baines and Lisa Bobby from Jameson Sotheby’s International Realty.

This successful sale demonstrated the attractiveness and appeal of the property, as evidenced by its market value and the expertise of the buyer's and seller's representatives involved in the deal. The transaction highlights the importance of professional representation in real estate negotiations, ensuring a smooth and satisfactory outcome for all parties involved.

Players

Christie Baines

Sotheby's International Realty

Broker

$5M

vol

1 deal

Broker

South Barrington Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $5M for 4,611 square feet (2022).

Visit Sotheby's International Realty to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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