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1007 Caroline Court

Michael Cantieri Purchases Single Family Home From Mustafa And Munira Peshawarwala For $1.3M
SOLDSingle Family Residence

Michael Cantieri Purchases Single Family Home From Mustafa And Munira Peshawarwala For $1.3M

1007 Caroline Court

$1,300,000

$181/SF

Building Size

7,150 SF

Asset Type

Single Family Residence

Closing

Jun 18, 2024

AI

This single-family home located at 1007 Caroline Court in Naperville was custom built in 2008 and includes 5 bedrooms and 5.5 bathrooms. The property encompasses a total of 7,150 square feet and was sold for $1,300,000, resulting in a price per square foot of $181.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $1,300,000
  • Buyer: Michael Cantieri
  • Seller: Mustafa and Munira Peshawarwala
  • Buyer's Representative: Giancarlo Iannotta - Mo2 Properties
  • Date of Sale: 06/18/2024
  • Market: Naperville
  • Square Footage: 7,150
  • Price per Square Foot: $181

Giancarlo Iannotta represented the buyer, Michael Cantieri, in this sale. The sellers, Mustafa and Munira Peshawarwala, previously listed the home for close to $1.8 million. Despite tough negotiations, the buyer's team was able to secure a favorable price for the completely furnished residence, which features carefully designed landscapes and hardscapes with views of a spacious adjacent park.

Players

Giancarlo Iannotta

Mo2 Properties

Broker

$16.1M

vol

8 deals

Broker

Naperville 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93