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86 Prospect Avenue

Joe Gerber Of Coldwell Banker Represents Buyer In Sale Of Highland Park Estate For $3.42M
SOLDSingle Family Residence

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

Rebecca Gilberg

Compass

Broker

$6.4M

vol

2 deals

Broker

Highland Park Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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