Updated Dec 4, 2024
French Provincial-Style Mansion In Naperville Sells For Record $8.07M
222 West Van Buren Avenue
$8,076,000
$868/SF
Building Size
9,299 SF
Asset Type
Single Family
Closing
Nov 13, 2023
About this deal
AI
A French Provincial-style mansion located at 222 West Van Buren Avenue in downtown Naperville has been sold at auction, setting a new residential sales record in DuPage County. The property spans 9,299 square feet and features six bathrooms, three fireplaces, and cathedral ceilings. Initially listed at $14.99 million in September 2021, the property had undergone several price reductions, from $12.75 million in February to $8.2 million in August, before ultimately selling for $8.07 million at the auction on October 16.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $8,076,000
- Square Footage: 9,299
- Price Per Square Foot: $868
- Address: 222 West Van Buren Avenue, Naperville
- Market: Naperville
Katie Minott of Minott Properties Christie's International Real Estate represented the seller in this transaction.
Naperville Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $868 per square foot on a published $8.1M for 9,299 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.96%
Cash-on-Cash
-0.56%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93