Richard & Teresa Harris Acquire Marco Island Condo For $3.2M
970 Cape Marco Dr Marco Island, FL 34145, USA
$3,200,000
$796/SF
Building Size
4,020 SF
Asset Type
Condo
Closing
Jul 14, 2023
AI
The property involved in this transaction is a Condo located at 970 Cape Marco Drive in Marco Island. The sale took place on 07/14/2023. The property spans 4,020 square feet and was sold for a price of $3,200,000, resulting in a price per square foot of $796.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $3,200,000
- Address: 970 Cape Marco Drive
- Market: Marco Island
The buyer of the property is Richard & Teresa Harris, while the seller is Maureen A Mcquaid Rev Trust. Representing the buyer is Chris Sullivan from Remax.
Players
Miami Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93