Updated Oct 29, 2024
Bel Canto LLC Acquires SFR In North Palm Beach From J. Eric Pike - Pike Corp. For $7.3M
12358 Ridge Road, North Palm Beach, FL, USA
$7,300,000
$786/SF
Building Size
9,288 SF
Asset Type
Single Family Residence
Closing
Dec 15, 2020
About this deal
AI
Bel Canto LLC has recently acquired a single-family residential property in North Palm Beach, located at 12358 Ridge Road. The transaction, which took place on December 16, 2020, involved a sale price of $7,300,000. The property spans over 9,288 square feet, resulting in a price per square foot of $791. The sale was facilitated by brokers Peter Erdmann and Denice Sexton from Lost Tree Realty.
Summary of Transation Details
- Property Type: SFR
- Transaction Amount: $7,300,000
- Address: 12358 Ridge Road, North Palm Beach
- Market: North Palm Beach
- Buyer: Bel Canto LLC
- Seller: J. Eric Pike - Pike Corp.
- Brokers: Peter Erdmann & Denice Sexton - Lost Tree Realty
- Square Footage: 9,288
- Price per Square Foot: $791
Peter Erdmann and Denice Sexton of Lost Tree Realty played crucial roles in the transaction, representing the buyer and seller respectively. Their expertise and efforts ensured a successful completion of the deal.
Players
Palm Beach Gardens 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
2.17%
Cash-on-Cash
-0.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93