Updated Sep 9, 2024
Sharon Pidgeon Acquires Fort Lauderdale SFR For $3.3M
1401 S Ocean Dr, Fort Lauderdale, FL 33316
$3,335,000
$735/SF
Building Size
4,536 SF
Asset Type
Single Family Residence
Closing
May 22, 2023
About this deal
AI
The property involved in this transaction is a single-family home located at 1401 South Ocean Drive in Fort Lauderdale. The property spans 4,536 square feet and was sold for a price of $3,335,000, resulting in a price per square foot of $735.
Summary of transaction details:
- Property Type: Single-Family Home
- Transaction Amount: $3,335,000
- Square Footage: 4,536
- Address: 1401 South Ocean Drive, Fort Lauderdale
- Market: Fort Lauderdale
The buyer in this transaction is Sharon Pidgeon. The deal was facilitated by two brokers: Rachelle Ginsberg from Coldwell Banker and Craig Chassen from Douglas Elliman. They played crucial roles in ensuring the successful completion of the transaction.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
About $735 per square foot on a published $3.3M for 4,536 square feet (2023).
Visit Rachelle Ginsberg to view all their deals.
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.76%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93