Updated Dec 4, 2024
Frederick O'Such Sells Carmel Home For $18.55 Million With Tim Allen As Representative
$18,552,000
$4,198/SF
Building Size
4,419 SF
Asset Type
Single Family
Closing
Oct 8, 2024
About this deal
AI
A single-family home located at San Antonio & 9th Swc Avenue in Carmel, encompassing an area of 0.26 acres, has been sold for $18,552,000. The property spans 4,419 square feet, with a price per square foot of $4,198. The home was originally listed at an asking price of $21 million.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,552,000
- Address: San Antonio & 9th Swc Avenue
- Market: Carmel
- Square Footage: 4,419
- Price Per Square Foot: $4,198
- Seller: Frederick O’Such
- Broker: Tim Allen - Coldwell Banker
- Buyer: Undisclosed
The transaction was facilitated by Tim Allen of Coldwell Banker, who represented both the seller Frederick O’Such and the undisclosed buyer during the sale of the property.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $4.2K per square foot on a published $18.6M for 4,419 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.86%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93