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Christine C. Reese And Jason W. Reese Acquire SFR In Jupiter For $6.5M

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SOLD
$6,500,000

Florida

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Single Family Residence5,394 SF
Sold 02/05/2021
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Property Image
SOLD

Christine C. Reese And Jason W. Reese Acquire SFR In Jupiter For $6.5M

110 Quayside Drive, Jupiter, FL, USA

See Similar Deals
Single Family Residence5,394 SF
Sold 02/05/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,205
Total Square Footage:5,394 SF
Transaction Type:Sale

The SFR located at 110 Quayside Drive in Jupiter was recently sold for $6,500,000. The property spans a total of 5,394 square feet, resulting in a price per square foot of $1,205. The sale took place on 02/05/2021 and involved the following individuals and companies:

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $6,500,000
  • Address: 110 Quayside Drive
  • Market: Jupiter

The buyers of the property were Christine C. Reese and Jason W. Reese, who were represented by Chris Deitz from Vedder Price. On the other hand, the sellers were Yoram and Lisa Shemesh, with Rob Thomson from Waterfront Properties & Club Communities serving as their representative.

This transaction showcases the collaborative effort between Christine C. Reese, Jason W. Reese, and their buyer's representative, Chris Deitz, as they successfully acquired the SFR from sellers Yoram and Lisa Shemesh, with the assistance of Rob Thomson as their representative. The sale of this property in Jupiter exemplifies the active real estate market in the area and highlights the value of partnering with experienced professionals in the industry.

Players

Robert (Rob) Thomson
23 deals$262.9M volume
BROKER

Christopher "Chris" Deitz
Compass
8 deals$181.1M volume
BROKER

Details

SOLD
IMAGE: Rob Thomson, Jason W. Reese & Chris Deitz DATE: 02/05/2021 ADDRESS: 110 Quayside Drive MARKET: Jupiter ASSET TYPE: SFR BUYER: Christine C. Reese, Jason W. Reese - Vedder Price SELLER: Yoram & Lisa Shemesh BUYER'S REP: Chris Deitz - William Raveis SELLER'S REP: Rob Thomson - Waterfront Properties & Club Communities PRICE: $6,500,000 SF: 5,394 ~ PPSF: $1,205

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

$346,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$23,093.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,813.32
Annual Debt Service$369,759.79