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45 Lakeview Lane

John Morrison Of Christie's International Real Estate Represents Buyer In Barrington Sale For $6.5M
SOLDSingle Family

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

Michael LaFido

Luxe Group

Broker

$27.4M

vol

7 deals

Broker
@Properties Christie's International Real Estate
@Properties Christie's International Real EstateBrokerage

Barrington 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

2.44%

Cash-on-Cash

-0.70%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93