Updated Feb 24, 2025
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
About this deal
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.
On the Map
$2,450,000
$424/SF
Single Family
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Players
Glenview Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $424 per square foot on a published $2.5M for 5,770 square feet (2025).
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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