National Granite 1031 Services, Inc. Acquires Hobe Sound SFR For $3.5M
7320 Medalist Place
$3,500,000
$549/SF
Building Size
6,369 SF
Asset Type
Co-Op
Closing
Oct 11, 2022
About this deal
AI
Located at 7320 SE Medalist Pl in Hobe Sound, this single-family residential property was recently sold for a price of $3,500,000. The property spans an area of 6,369 square feet, resulting in a price per square foot of $550. The transaction took place on 10/11/2022 and involved National Granite 1031 Services, Inc. as the buyer and Donald Ashley as the seller.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,500,000
- Buyer: National Granite 1031 Services, Inc.
- Seller: Donald Ashley
- Date: 10/11/2022
- Address: 7320 SE Medalist Pl
- Market: Hobe Sound
- Buyer's Rep: Erin Bernhardt - Compass
- Square Footage: 6,369
- Price per Square Foot: $550
Erin Bernhardt from Compass represented National Granite 1031 Services, Inc. in this transaction. This successful sale showcases the expertise of the buyer's representative and the high value placed on this property in the Hobe Sound market.
Players
Hobe Sound Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93