Updated Nov 29, 2023
RE/MAX Estate Properties Acquires Single Family Home In Palm Springs For $7.7M
Palm Springs, California, United States
$7,700,000
$592,307/SF
Building Size
13 SF
Asset Type
Single Family Residence
Closing
Feb 22, 2023
About this deal
AI
Palm Springs has witnessed a recent closed property transaction for a single-family home. Positioned in the market, this property boasts a spacious 13,461 square feet, providing ample room for the new owners. The property was sold for $7,700,000, with a price per square foot of $572.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,700,000
- Square Footage: 13,461
- Price per Square Foot: $572
- Market: Palm Springs
Representing the buyer in this transaction was Paul Marcelino from RE/MAX Estate Properties. On the other side, James Gault of Compass acted as the seller's representative. The deal was successfully closed on February 22, 2023.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93