Updated Dec 18, 2023
Jeffery L. Morris Acquires SFR In Pompano Beach For $7M With Luxe Properties Rep
2302 Bay Drive, Pompano Beach, Florida 33062, United States
$7,000,000
$1,271/SF
Building Size
5,504 SF
Asset Type
Single Family Residence
Closing
Jun 14, 2022
About this deal
AI
2302 Bay Dr in Pompano Beach has been sold in a closed property transaction. The single-family home (SFR) with an area of 5,504 square feet was purchased for a price of $7,000,000, resulting in a price per square foot of $1,2712. The transaction was completed on June 15, 2022. The buyer, Jeffery L. Morris, was represented by Marzena Bednarska from Luxe Properties, while the seller was John E Murray Rev Tr Pamela Hensley Trustee.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $7,000,000
- Address: 2302 Bay Dr, Pompano Beach
- Market: Pompano Beach
- Buyer: Jeffery L. Morris
- Seller: John E Murray Rev Tr Pamela Hensley Trustee
- Buyer's Representative: Marzena Bednarska - Luxe Properties
Marzena Bednarska, from Luxe Properties, acted as the representative for the buyer, Jeffery L. Morris, in this transaction.
Players
Pompano Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.3K per square foot on a published $7M for 5,504 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93