RiverNorth Capital Management Acquires SFR In Wellington For $6.2M

Located in Wellington, the property at 12549 Cypress Island Way was recently sold in a closed transaction. The single-family residence spans 6,246 square feet and boasts a price per square foot of $999. The sale took place on January 29, 2021, with a final sale price of $6,237,000. The buyer, Cindy F. Galley and Patrick W. Galley, represented by RiverNorth Capital Management, acquired the property from Stock Development, with John Ferry acting as the seller. The transaction was facilitated by broker Carol Sollak from Engel & Volkers.

Summary of transaction details

• Property Type: SFR
• Transaction Amount: $6,237,000
• Market: Wellington
• Address: 12549 Cypress Island Way
• Square Footage: 6,246
• Price per Square Foot: $999
• Buyer: Cindy F. Galley, Patrick W. Galley - RiverNorth Capital Management
• Seller: Stock Development - John Ferry
• Broker: Carol Sollak - Engel & Volkers

The buyers, Cindy F. Galley and Patrick W. Galley, represented by RiverNorth Capital Management, acquired the property at 12549 Cypress Island Way in Wellington. On the other hand, the seller, John Ferry, represented Stock Development in this transaction. The purchaser was advised and guided by Carol Sollak from Engel & Volkers, who facilitated the deal. This closed transaction highlights the successful collaboration between the involved individuals and companies in the Wellington market.