Premier Sotheby’s International Realty Sells Sarasota SFR For $6.8M
SOLD
$6,825,000
Florida
See Similar DealsSingle Family Residence56,400 SF
Sold
SOLD
Premier Sotheby’s International Realty Sells Sarasota SFR For $6.8M
1199 Westway Dr, Sarasota, FL 34236, USA
See Similar DealsSingle Family Residence56,400 SF
Sold
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$121
Total Square Footage:56400 SF
Transaction Type:Sale
A single-family residential property located at 1199 Westway Dr in Sarasota has been sold for a price of $6,825,000. The property spans across an area of 5,640 square feet, resulting in a price per square foot of $1,210.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,825,000
- Address: 1199 Westway Dr
- Market: Sarasota
- Square Footage: 5,640
- Price per Square Foot: $1,210
- Brokers: Lisa Morris & Cheryl Loeffler – Premier Sotheby’s International Realty
Lisa Morris and Cheryl Loeffler from Premier Sotheby's International Realty represented the parties involved in this transaction.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$364,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$24,247.78
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,353.98
Annual Debt Service$388,247.78
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