Christopher & Susan G. Pappas Acquire Palm Beach SFR For $7.55M From Seller Jane Holzer & Ashley Holzer
SOLD
$7,550,000
Florida
See Similar DealsSingle Family Residence6,334 SF
Sold 01/29/2021
SOLD
Christopher & Susan G. Pappas Acquire Palm Beach SFR For $7.55M From Seller Jane Holzer & Ashley Holzer
147 Dunbar Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence6,334 SF
Sold 01/29/2021
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,192
Total Square Footage:6,334 SF
Transaction Type:Sale
Located in Palm Beach, the property at 147 Dunbar Road recently changed ownership in a closed sale transaction. The single-family residence spans 6,334 square feet and is situated in a desirable neighborhood. The transaction took place on January 29, 2021, with a selling price of $7,550,000, resulting in a price per square foot of $1,192. The property was sold by Jane Holzer and Ashley Holzer, while Christopher and Susan G. Pappas became the new owners.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $7,550,000
- Address: 147 Dunbar Road, Palm Beach
- Market: Palm Beach
Representing the buyer, Linda Olsson from Linda R. Olsson Inc played a key role in facilitating the transaction. The seller was represented by Christian Angle of Christian Angle Real Estate. Their expertise and negotiation skills contributed to the successful completion of this property sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$402,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,823.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,790.85
Annual Debt Service$429,490.22
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