Updated Dec 20, 2023
Horizon Realty International Sells SFR On John Ringling Parkway In Sarasota For $4.9M
1461 John Ringling Pkwy, Sarasota, FL 34236, USA
$4,925,000
$776/SF
Building Size
6,342 SF
Asset Type
Single Family Residence
Closing
Aug 9, 2020
About this deal
AI
Located at 1461 John Ringling Parkway in Sarasota, this single-family residence (SFR) was recently sold for $4,925,000. With a total area of 6,342 square feet, the property offers ample space for comfortable living. The sale price per square foot was $777, indicating the high value of this asset in the market.
Summary of Transaction Details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $4,925,000
- Address: 1461 John Ringling Parkway
- Market: Sarasota
- Square Footage: 6,342
Ron & Susan Noce from Horizon Realty International represented the sellers in this transaction. On the buyer's side, Doug Parks, an agent from Michael Saunders & Company, facilitated the purchase. Both parties played a crucial role in ensuring the successful completion of the deal.
Players
Sarasota Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.22%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93