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Tom Patterson Sells West Palm Beach SFR For $6.3M With Meyer Lucas Team, Compass Florida

Property Image
SOLD
$6,300,000
Tabbi Yager
Jill Stone
Holly Meyer Lucas

Florida

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Single Family Residence12,601 SF
Sold 04/25/2022
the dealplayerscompscontact
Property Image
SOLD

Tom Patterson Sells West Palm Beach SFR For $6.3M With Meyer Lucas Team, Compass Florida

10870 Egret Pointe Lane, West Palm Beach, Florida 33412, United States

See Similar Deals
Single Family Residence12,601 SF
Sold 04/25/2022
Tabbi Yager
Jill Stone
Holly Meyer Lucas
the dealplayerscompscontact
Contact now

Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$500
Total Square Footage:12,601 SF
Transaction Type:Sale

The SFR property located at 10870 Egret Pointe Ln in West Palm Beach has been sold in a transaction dated 04/25/2022. The property, spanning 12,601 square feet, was sold for a total price of $6,300,000, resulting in a price per square foot of $500.

Summary of transaction details:

  • Property Type: SFR
  • Transaction Amount: $6,300,000
  • Address: 10870 Egret Pointe Ln, West Palm Beach
  • Market: West Palm Beach

The seller of the property is Tom Patterson. The transaction was facilitated by Holly Meyer Lucas, Jill Stone, and Tabbi Yager of the Meyer Lucas Team at Compass Florida.

Players

Holly Meyer Lucas
Compass
Holly Meyer Lucas
7 deals$101.3M volume
BROKER
Jill Stone
Illustrated Properties Real Estate
Jill Stone
1 deal$6.3M volume(413) 237-7052
BROKER
Tabbi Yager
Compass
Tabbi Yager
1 deal$6.3M volume
BROKER

Details

SOLD
IMAGE: Jill Stone, Tabbi Yager & Holly Meyer Lucas DATE: 04/25/2022 ADDRESS: 10870 Egret Pointe Ln MARKET: West Palm Beach ASSET TYPE: SFR SELLER: Tom Patterson BROKERS: Holly Meyer Lucas (@Holly.Meyer.Lucas), Jill Stone (@JillStoneSells) & Tabbi Yager (@Tabbi_Yager_Soflo_Realtor) - Meyer Lucas Team (@Meyer.Lucas.Team) - Compass Florida SALE PRICE: $6,300,000 SF: 12,601 ~ PPSF: $500

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

$336,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$22,382.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$29,865.21
Annual Debt Service$358,382.57