Updated Dec 20, 2023
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
Fort Lauderdale 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93