James B. Heaton III bought a four-bedroom, four-bath home at 11 S. Lincoln Ave. in Geneva from Debbie A. Forslund for $580,000 on Oct. 22.

Forslund paid $450,000 for the property in August 2007. The 2,165-square-foot home in Geneva Central was built in 1949. It is located in the Homewood subdivision.

According to the Bartlit Beck Herman Palenchar and Scott LLP profile, Heaton is a lawyer at the Chicago office of the law firm. He concentrates his practice on economic and financial matters. In addition to his practice, he has also held teaching positions at The University of Chicago Law School, The University of Chicago Graduate School of Business, Duke University Fuqua School of Business and Duke Law School Global Capital Markets Center.

He has an A.B. from the University of Illinois, an M.B.A. and a Ph.D. from University of Chicago Graduate School of Business, and a J.D. from the University of Chicago Law School.

According to BlockShopper.com, there have been 469 home sales in Geneva during the past 12 months, with a median sales price of $276,000.

Address: 11 South Lincoln Avenue
Buyer(s): James B Heaton III
Seller(s): Debbie A Forslund and Debbie A Forslund
Sale date: Oct. 22, 2013