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200 South Stone Avenue

Courtney Menna & Matt Menna Sell La Grange Home For Record $3.15M With Ellyn Collins & Michael Collins As Representatives
SOLDSingle Family

Courtney Menna & Matt Menna Sell La Grange Home For Record $3.15M With Ellyn Collins & Michael Collins As Representatives

200 South Stone Avenue

$3,150,000

$525/SF

Building Size

6,000 SF

Asset Type

Single Family

Closing

Nov 4, 2024

AI

The property located at 200 South Stone Avenue in La Grange is a single-family home encompassing 6,000 square feet. It was sold for $3,150,000, achieving a price per square foot of $525. The residence features five bedrooms and underwent extensive renovations after being acquired by the Menna family for $922,500 in 2011. The transaction marks the highest publicly recorded sale price in La Grange's history and was listed for several months before closing approximately 88% of its original asking price.

Summary of transaction details:

Matt Menna, who serves as the managing principal and chief design officer at Sterling Bay, sold the property. The sale reflects a significant transaction in the region, and the involved representatives from Compass and Coldwell Banker facilitated the deal.

Players

Ellyn Collins

Broker

$5.8M

vol

2 deals

Broker

La Grange Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93