Updated Sep 9, 2024
Former Chicago Bulls GM Gar Forman Sells Buffalo Grove Home For $740K
Buffalo Grove
$740,000
$184/SF
Building Size
4,011 SF
Asset Type
Single Family Residence
Closing
Aug 15, 2023
About this deal
AI
Former Chicago Bulls GM Gar Forman and his wife, Leslie, have sold their home in Buffalo Grove for $740,000. The property is a single-family home with a total living area of 4,011 square feet, located on a 0.28-acre lot. The sale price per square foot was $184. The transaction took place on 08/15/2023 in the Buffalo Grove market.
Summary of transaction details
- Property Type: Single-family home
- Transaction Amount: $740,000
- Square footage: 4,011 sqft
- Price per square foot: $184
- Lot size: 0.28 acres
- Market: Buffalo Grove
Nadine Pomilia and Vaseekaran Janarthanam, representing RE/MAX, acted as the brokers in this transaction. Gar Forman acquired the property in 2003 from former Bulls guard Fred Hoiberg, who had later worked under Forman before being let go. The sale represents a significant milestone for the former Bulls GM and his wife.
Players
Buffalo Grove Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $184 per square foot on a published $740K for 4,011 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
21.44%
Cash-on-Cash
-6.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93