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1600 South Ocean Drive, For...

Updated Dec 20, 2023

Amy Raff & Abe Rotchel Acquire Fort Lauderdale SFR For $2.6M
SOLDSingle Family Residence

Amy Raff & Abe Rotchel Acquire Fort Lauderdale SFR For $2.6M

1600 South Ocean Drive, Fort Lauderdale, FL, USA

$2,600,000

$362/SF

Building Size

7,167 SF

Asset Type

Single Family Residence

Closing

Dec 17, 2020

About this deal

AI

The recently closed property transaction in Fort Lauderdale involved the sale of a single-family residence located at 1600 South Ocean Drive. This spacious property spans approximately 7,167 square feet, offering ample living space for its new owners. The transaction took place on December 18, 2020, with a sale price of $2,600,000. With a price per square foot of $363, this property demonstrates its inherent value in the market.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $2,600,000
  • Date: 12/18/2020
  • Address: 1600 South Ocean Drive
  • Market: Fort Lauderdale

The property was purchased by Amy Raff and Abe Rotchel, while Thomas White and Scott Watkins acted as the sellers. The deal was facilitated by Madeline Cajote and Harrison Whiddon of Better Homes and Gardens Real Estate, serving as the brokers in this transaction. Their expertise in the Fort Lauderdale market was instrumental in ensuring a successful deal.

By seamlessly connecting buyers and sellers, Madeline Cajote and Harrison Whiddon helped negotiate a fair price for this impressive residence, benefiting both parties involved. Their professionalism and commitment to their clients were evident throughout the transaction.

Players

Harrison Whiddon

Broker

$27.6M

vol

2 deals

Broker

Thomas G White

Seller

$8.9M

vol

2 deals

Seller

Fort Lauderdale Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $362 per square foot on a published $2.6M for 7,167 square feet (2020).

Visit Harrison Whiddon to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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