Updated Oct 29, 2024
Lynn & Lance Young Acquire North Palm Beach SFR For $8.65M
12314 Plantation Lane, North Palm Beach, FL, USA
$8,650,000
$799/SF
Building Size
10,814 SF
Asset Type
Single Family Residence
Closing
Apr 5, 2020
About this deal
AI
The recently closed property transaction in North Palm Beach involved the sale of a single-family home located at 12314 Plantation Lane. This spacious home spans a total of 10,814 square feet and was sold for a price of $8,650,000, translating to a price per square foot of $800. The property is situated in a desirable market, making it an attractive investment opportunity.
Summary of transation details
- Property Type: Single-Family Home
- Transaction Amount: $8,650,000
- Address: 12314 Plantation Lane, North Palm Beach
- Market: North Palm Beach
- Asset Type: SFR
The buyers of this property are Lynn and Lance Young, while the sellers are Bob and Robin Martin, who are affiliated with Decorators Unlimited. Lynn and Lance were represented by Kathleen Manfredi from Kathy Courtney Realty Group, who facilitated the purchase on their behalf. On the other hand, the seller, Bob and Robin Martin, were represented by Vince Marotta from Illustrated Properties, who helped finalize the sale.
Players
North 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
1.83%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93