Coldwell Banker Realty Acquires SFR In Sarasota For $11M
SOLD
Florida
See Similar DealsSingle Family Residence7,817 SF
Sold 12/30/2020
SOLD
Coldwell Banker Realty Acquires SFR In Sarasota For $11M
139 South Washington Drive, Sarasota, FL, USA
See Similar DealsSingle Family Residence7,817 SF
Sold 12/30/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,407
Total Square Footage:7,817 SF
Transaction Type:Sale
A single-family residence located at 139 S. Washington Drive in Sarasota was recently sold for $11,000,000. The property spans 7,817 square feet, resulting in a price per square foot of $1,407. The transaction took place on December 30, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,000,000
- Address: 139 S. Washington Drive
- Market: Sarasota
The buyer of the property was represented by Judy Kepecz-Hays from Coldwell Banker Realty, while Lisa Morris from Premier Sotheby's International Realty acted as the seller's representative in the deal.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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