Updated Dec 21, 2023
Premier Sotheby's International Realty Acquires SFR In Naples For $6.95M
1600 3rd St S, Naples, FL 34102, USA
$6,950,000
$1,426/SF
Building Size
4,873 SF
Asset Type
Single Family Residence
Closing
Jul 29, 2020
About this deal
AI
The property at 1600 3rd Street South in Naples was recently sold for $6,950,000. This single-family residential (SFR) property spans 4,873 square feet and is located in the Naples market. The price per square foot (PPSF) for this transaction is $1,426, indicating a high-value purchase.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $6,950,000
- Square Footage: 4,873
- Price per Square Foot: $1,426
- Address: 1600 3rd Street South, Naples
Tim Savage, representing Gulf Coast International Prop, acted as the seller's representative in this deal. On the buyer's side, Heather Hobrock from Premier Sotheby's International Realty served as the buyer's representative. These experienced professionals played integral roles in facilitating the successful transaction.
Players
Naples 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
2.28%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93