Updated Oct 28, 2024
George Wiegers Of Wiegers Capital Partners Acquires Single Family Property In Palm Beach For $9.4M
170 Seagate Road, Palm Beach, Florida 33480, United States
$9,400,000
$3,514/SF
Building Size
2,675 SF
Asset Type
Single Family Residence
Closing
Sep 12, 2022
About this deal
AI
Located in Palm Beach, the recently closed property transaction at 170 Seagate Road involved a single-family home. The property, spanning 2,675 square feet, was sold for a total of $9,400,000. The sale price reflects a price per square foot of $3,514. The transaction took place on September 13, 2022.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $9,400,000
- Buyer: George Wiegers - Wiegers Capital Partners
- Seller: Charles A. Dana III & Rose Dana
George Wiegers, representing Wiegers Capital Partners, acted as the buyer in the transaction. On the other hand, Charles A. Dana III and Rose Dana served as the sellers. The deal was facilitated by George Wiegers, who represented Wiegers Capital Partners.
Players
Palm Beach 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
1.69%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93