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
$6,300,000
$500/SF
Building Size
12,601 SF
Asset Type
Single Family Residence
Closing
Apr 24, 2022
AI
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
West Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.52%
Cash-on-Cash
-0.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93