Derrick Gragg Sells Glenview Single Family Home For $2.45 Million Represented By Paul Gorney
1216 Oakwood Lane
$2,450,000
$424/SF
Building Size
5,770 SF
Asset Type
Single Family
Closing
Feb 21, 2025
AI
The property involved in this transaction is located at 1216 Oakwood Lane in Glenview, featuring a single-family home built in 2008. The asset comprises of 5,770 square feet of living space on a 0.8-acre lot. The home consists of six bedrooms and includes amenities such as a wine cellar, theater room, and a four-car garage. The sale price was recorded at $2,450,000, with a price per square foot of $425.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,450,000
- Address: 1216 Oakwood Lane
- Market: Glenview
- Acres: 0.8
- Square Footage: 5,770
- PPSF: $425
- Seller: Derrick Gragg
- Broker: Paul Gorney - EXP Realty
Derrick Gragg, the former athletic director of Northwestern, completed the sale of his property after a private listing in January. The transaction was conducted with an opaque land trust designated as the buyer, facilitating a seamless transfer of ownership.
Players
Glenview Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.47%
Cash-on-Cash
-1.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93