Updated Oct 29, 2024
Thomas Sidney “Tad” Smith Jr. & Caroline Mitchell Fitzgibbons Acquire Palm Beach SFR For $7.7M
250 Indian Rd, Palm Beach, FL 33480, USA
$7,700,000
$126/SF
Building Size
61,080 SF
Asset Type
Single Family Residence
Closing
Sep 20, 2020
About this deal
AI
The single-family home located at 250 Indian Road in Palm Beach has been sold for a price of $7,700,000. With a total area of 6,108 square feet, the property was valued at an average price per square foot of $1,261.
Summary of transaction details
- Property Type: Single Family Residential
- Transaction Amount: $7,700,000
The buyers of the property were Thomas Sidney “Tad” Smith Jr. and Caroline Mitchell Fitzgibbons, while the seller was 1585 North Lake LLC. Representing the buyers in the transaction was Elizabeth DeWoody from Compass Florida LLC.
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
2.06%
Cash-on-Cash
-0.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93