Updated Oct 29, 2024
William E. Weisberg Acquires Palm Beach Gardens SFR For $5.3M
12034 Corozo Court, Palm Beach Gardens, FL, USA
$5,300,000
$745/SF
Building Size
7,108 SF
Asset Type
Single Family Residence
Closing
Jan 24, 2021
About this deal
AI
A single-family home located at 12034 Corozo Court in Palm Beach Gardens has been sold for $5,300,000. The property spans 7,108 square feet, resulting in a price per square foot of $746. The transaction took place on January 25, 2021.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,300,000
- Address: 12034 Corozo Court, Palm Beach Gardens
- Market: Palm Beach Gardens
- Buyer: William E. Weisberg - Affiliated Distributors
- Seller: Regina Clancy, John P. Clancy - Providence Equity
- Broker: Cornelius McGinnis - Old Palm Real Estate
William E. Weisberg, representing Affiliated Distributors, acquired the property from Regina Clancy and John P. Clancy, who were represented by Providence Equity. The deal was facilitated by Cornelius McGinnis of Old Palm Real Estate.
Players
Palm Beach Gardens Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $745 per square foot on a published $5.3M for 7,108 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93