Updated Dec 21, 2023
Under Contract: Marc Sanders - Compass Secures Sale Of Single Family Home In Palm Springs, CA For $5.65M
1350 Ladera Circle, Palm Springs, California 92262, United States
$5,650,000
$1,203/SF
Building Size
4,695 SF
Asset Type
Single Family Residence
Closing
Oct 24, 2022
About this deal
AI
The property at 1350 Ladera Circle in Palm Springs, CA is currently under contract. The single-family home, with a total square footage of 4,695, is listed at a price of $5,650,000, resulting in a price per square foot of $1,203. The transaction is being facilitated by broker Marc Sanders from Compass.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,650,000
- Date: 10/25/2022
- Market: Palm Springs, CA
- Broker: Marc Sanders - Compass
This deal brings together the seller and the buyer, with Marc Sanders from Compass representing both parties. The transaction showcases the demand for high-end homes in the Palm Springs area and the expertise of Marc Sanders in navigating such deals.
Players
Palm Springs Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93