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.
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