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970 Cape Marco Drive

Steve & Elizabeth Rosenberg Acquire $3.25M Marco Island Condo From Melvin Douglas & Laurie R Willerding, Represented By Chris Sullivan - Re/Max
SOLDCondo

Steve & Elizabeth Rosenberg Acquire $3.25M Marco Island Condo From Melvin Douglas & Laurie R Willerding, Represented By Chris Sullivan - Re/Max

970 Cape Marco Drive

$3,250,000

$692/SF

Building Size

4,694 SF

Asset Type

Condo

Closing

Jan 9, 2024

AI

Located in Marco Island, this condo at 970 Cape Marco Drive recently changed hands in a closed transaction. The property spans 3,110 square feet, offering a spacious living area for its new owners. The sale price for this condo was $3,250,000, resulting in a price per square foot of $1,045.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $3,250,000
  • Address: 970 Cape Marco Drive
  • Market: Marco Island

Steve and Elizabeth Rosenberg purchased the condo from Melvin Douglas and Laurie R Willerding. Representing the sellers in this transaction was Chris Sullivan from Re/Max.

Players

Chris Sullivan

Re/Max

Broker

$55.1M

vol

10 deals

Broker

Marco Island Condo Market Snapshot

Boundary boundary · Condo · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.88%

Cash-on-Cash

-1.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93