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1216 Oakwood Lane

Derrick Gragg Sells Glenview Single Family Home For $2.45 Million Represented By Paul Gorney
SOLDSingle Family

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

Paul Gorney

EXP Realty

Broker

$22M

vol

6 deals

Broker

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