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3393 Old Mill Road North

Scottie Pippen's Highland Park Mansion Under Contract For $2.65 Million With Ting Zhang As The Broker
SOLDSingle Family

Scottie Pippen's Highland Park Mansion Under Contract For $2.65 Million With Ting Zhang As The Broker

3393 Old Mill Road North

$2,650,000

$265/SF

Building Size

10,000 SF

Asset Type

Single Family

Closing

Oct 7, 2024

AI

A 10,000-square-foot single-family home at 3393 Old Mill Road North in Highland Park has recently gone under contract for $2,650,000. The property spans 2.9 acres and is equipped with an indoor basketball court, a theater, and an infinity pool, featuring numerous luxury amenities.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $2,650,000
  • Address: 3393 Old Mill Road North
  • Market: Highland Park
  • Square Footage: 10,000
  • Price per Square Foot: $265
  • Previous Sale Price: $1,800,000
  • Current Owners Purchased in: 2021
  • Listed Price in December 2023: Just under $2,700,000
  • Final Listed Price Before Contract: $2,650,000
  • Date Under Contract: September 24, 2024

Ting Zhang of @properties Christie's International Real Estate is managing the sale of Scottie Pippen's former Highland Park mansion, which has a historical significance due to its previous ownership. The property found its current owners after its sale in 2021, and it returned to the market in late 2023 before reaching the current contractual agreement.

Players

Ting Zhang

@Properties Christie's International Real Estate

Broker

$4.9M

vol

2 deals

Broker

Highland Park 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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93