Updated Dec 21, 2023
Premier Sotheby’s International Realty Sells SFR In Sarasota For $4.2M On Cherokee Drive
1775 Cherokee Dr, Sarasota, FL 34239, USA
$4,200,000
$92/SF
Building Size
45,590 SF
Asset Type
Single Family Residence
Closing
Aug 13, 2020
About this deal
AI
A single-family residential (SFR) property located at 1775 Cherokee Drive in Sarasota has recently been sold. The property spans an area of 4,559 square feet and was sold for a price of $4,200,000, resulting in a price per square foot of $921. Joel Schemmel, representing Premier Sotheby’s International Realty, acted as the broker in this transaction.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $4,200,000
- Square Footage: 4,559
- Price per Square Foot: $921
- Address: 1775 Cherokee Drive, Sarasota
- Market: Sarasota
Joel Schemmel, from Premier Sotheby’s International Realty, served as the broker in this transaction, ensuring the successful completion of the sale.
Sarasota 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
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93