John Morrison Of Christie's International Real Estate Represents Buyer In Barrington Sale For $6.5M
45 Lakeview Lane
$6,500,000
$369/SF
Building Size
17,597 SF
Asset Type
Single Family
Closing
Apr 25, 2025
AI
The property at 45 Lakeview Lane, located in Barrington, is a single-family asset covering 8.32 acres. The mansion encompasses 17,597 square feet and includes 11 bathrooms. The sale price was set at $6,500,000, equating to a price per square foot of $369. This property was previously listed at $15.9 million and underwent multiple contracts before its final sale.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,500,000
- Address: 45 Lakeview Lane
- Market: Barrington
- Acres: 8.32
- Square Footage: 17,597
- Price per Square Foot: $369
- Buyer's Representative: John Morrison Properties Christie's International Real Estate
- Seller's Representative: Michael LaFido - LUXE Group
The transaction involved John Morrison and Michael LaFido, who represented the buyer and seller, respectively. This asset was previously featured on the TV series "Empire" and underwent significant time on the market before the finalization of the sale.
Players
Barrington 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
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93