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Colette Bellemare Acquires Condo At 353 Sunset Dr PH 01, Fort Lauderdale For $4.7M

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SOLD
$3,200,000

Florida

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Sold 03/16/2022
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SOLD

Colette Bellemare Acquires Condo At 353 Sunset Dr PH 01, Fort Lauderdale For $4.7M

353 Sunset Drive, Fort Lauderdale, Florida 33301, United States

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Sold 03/16/2022
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Summary

FLORIDA
Transaction Type:Sale

A luxury condo located at 353 Sunset Dr PH 01 in Fort Lauderdale has been sold in a recent transaction. The stunning property spans 3,910 square feet and offers breathtaking views. The sale, which took place on March 15, 2022, saw the property change hands for a total of $4,700,000, resulting in a price per square foot of $1,202. The condo is a prime asset in the Fort Lauderdale market, known for its desirable location and luxurious amenities.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $4,700,000
  • Address: 353 Sunset Dr PH 01
  • Market: Fort Lauderdale

The buyer in this transaction is Colette Bellemare, who recognized the value and potential of this prestigious property. Denise Moore, the seller, entrusted the sale to Rachael Barach, a representative from RE/MAX Preferred. Rachael Barach played a vital role in the successful completion of the deal, ensuring a smooth transaction for both parties involved.

Players

Rachael Barach
3 deals$19.7M volume
BROKER

Details

SOLD
IMAGE: Rachael Barach DATE: 03/15/2022 ADDRESS: 353 Sunset Dr PH 01 MARKET: Fort Lauderdale ASSET TYPE: Condo BUYER: Colette Bellemare SELLER: Denise Moore SELLER'S REP: Rachael Barach (@RachaelBarach) - RE/MAX Preferred SALE PRICE: $4,700,000 SF: 3,910 ~ PPSF: $1,202

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$170,666.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$11,368.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,169.63
Annual Debt Service$182,035.59