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Mary Ann Adolf And Ruediger “Rudy” Adolf Acquire Single Family Property In Wellington For $13.5M

Property Image
SOLD
$13,500,000

Florida

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Single Family Residence5,168 SF
Sold 05/26/2021
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Property Image
SOLD

Mary Ann Adolf And Ruediger “Rudy” Adolf Acquire Single Family Property In Wellington For $13.5M

13664 Quarter Horse Trail, Wellington, FL, USA

See Similar Deals
Single Family Residence5,168 SF
Sold 05/26/2021
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$2,612
Total Square Footage:5,168 SF
Transaction Type:Sale

The single-family property located at 13664 Quarter Horse Trail in Wellington has been sold. The transaction was completed on May 26, 2021, with the buyer being Mary Ann Adolf and Ruediger "Rudy" Adolf, who are associated with Focus Financial Partners. The seller of the property was Elite Equestrian Estates LLC.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $13,500,000
  • Address: 13664 Quarter Horse Trail
  • Market: Wellington

Managing the deal, Carol Sollak from Engel & Völkers Wellington represented the parties involved in the transaction. The property spans approximately 5,168 square feet and was sold at an average price per square foot of $2,612. The total land area measures 1.93 acres, with the price per acre standing at $6,994,818.

Players

Carol Sollak
Engel & Völkers
Carol Sollak
7 deals$64.9M volume
BROKER

Details

SOLD
IMAGE: Carol Sollak & Ruediger “Rudy” Adolf DATE: 05/26/2021 ADDRESS: 13664 Quarter Horse Trail MARKET: Wellington ASSET TYPE: Single Family BUYER: Mary Ann Adolf; Ruediger “Rudy” Adolf - Focus Financial Partners SELLER: Elite Equestrian Estates LLC BROKER: Carol Sollak - Engel & Völkers Wellington SALE PRICE: $13,500,000 SF: 5,168 ~ PPSF: $2,612 ACRES: 1.93 ~ PPA: $6,994,818

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$720,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$47,962.65
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,996.89
Annual Debt Service$767,962.65