Joe Gerber's Gerber Group Acquires SFR In Glencoe For $2.125M
993 Elm Ridge Drive, Glencoe, Illinois 60022, United States
$2,125,000
$281/SF
Building Size
7,537 SF
Asset Type
Single Family Residence
Closing
May 31, 2022
AI
A single-family home located at 993 Elm Ridge Dr in Glencoe was recently sold. The property, listed by Joe Gerber from Gerber Group at Engel & Völkers Chicago North Shore, boasts a total of 7,537 square feet. The sale price for this stunning home was $2,125,000, resulting in a price per square foot of $282.
Summary of transaction details
- Property Type: Single-family home
- Transaction Amount: $2,125,000
- Address: 993 Elm Ridge Dr
- Market: Glencoe
Joe Gerber from Gerber Group at Engel & Völkers Chicago North Shore facilitated the sale of this beautiful single-family home in Glencoe.
Players
Glencoe 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
7.46%
Cash-on-Cash
-2.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93