Joe Gerber Of Coldwell Banker Represents Buyer In Sale Of Highland Park Estate For $3.42M
86 Prospect Avenue
$3,422,500
$201/SF
Building Size
17,000 SF
Asset Type
Single Family Residence
Closing
Oct 16, 2024
AI
This single-family asset located at 86 Prospect Avenue in Highland Park has a sale price of $3,422,500. The property encompasses approximately 17,000 square feet of finished living space and sits on .8 acres, featuring 7+ bedrooms and 9.3 bathrooms.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,422,500
- Square Footage: 17,000
- Address: 86 Prospect Avenue
- Market: Highland Park
- Price Per Square Foot: $201
- Buyer's Representative: Joe Gerber - Coldwell Banker
- Seller's Representatives: Rebecca Gilberg & Ellen Chukerman - Compass
Ellen Chukerman, Rebecca Gilberg, and Joe Tyler Gerber represented the sale of this estate, originally built by prolific north shore home builder, Keith Jacobs, for his personal residence. The property is located three houses from Lake Michigan, adding to its desirable location.
Players
Highland Park 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
4.63%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93