Updated Oct 28, 2024
Harold V. Groome Jr. Acquires Single Family Home In Boca Raton For $7.4M
1300 Thatch Palm Drive, Boca Raton, Florida 33432, United States
$7,400,000
$1,237/SF
Building Size
5,979 SF
Asset Type
Single Family Residence
Closing
Mar 20, 2022
About this deal
AI
The single-family property located at 1300 Thatch Palm Drive in Boca Raton has been sold. The transaction took place on 03/21/2022. The property spans 5,979 square feet and is situated in the Boca Raton market. The sale price for this property was $7,400,000, resulting in a price per square foot of $1,238.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,400,000
Harold V. Groome Jr. purchased the property from Karen Seeman and Marshal Seeman, represented by Seeman Holtz. Louise Albert from RE/MAX Consultants Realty I acted as the buyer's representative in this deal, while David W. Roberts from Royal Palm Properties represented the sellers.
Players
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $7.4M for 5,979 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.14%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93