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12314 Plantation Lane, Nort...

Updated Oct 29, 2024

Lynn & Lance Young Acquire North Palm Beach SFR For $8.65M
SOLDSingle Family Residence

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

Kathleen Manfredi

Broker

$8.7M

vol

1 deal

Broker

North Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $799 per square foot on a published $8.7M for 10,814 square feet (2020).

Visit Vincent (Vince) Marotta to view all their deals.

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

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