Updated Dec 19, 2023
Margit Brandt Acquires SFR In Lake Worth, West Palm Beach For $8.7M
2610 Holy Cross Lane, Lake Worth Beach, Florida 33460, United States
$8,700,000
$1,188/SF
Building Size
7,318 SF
Asset Type
Single Family Residence
Closing
May 11, 2022
About this deal
AI
A single-family residence located at 2610 Holy Cross Ln in Lake Worth, West Palm Beach has been sold for $8,700,000. The property spans 7,318 square feet, resulting in a price per square foot of $1,189. The sale took place on May 12, 2022. The buyer was represented by Margit Brandt from Premier Estate Properties.
Summary of transaction details
- Property Type: Single Family Residence (SFR)
- Transaction Amount: $8,700,000
- Address: 2610 Holy Cross Ln
- Market: Lake Worth, West Palm Beach
- Square Footage: 7,318
- Price per Square Foot: $1,189
- Buyer's Representative: Margit Brandt - Premier Estate Properties
The sale of the property on Holy Cross Ln was facilitated by Margit Brandt, representing the buyer on behalf of Premier Estate Properties.
Lake Worth Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.2K per square foot on a published $8.7M for 7,318 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.82%
Cash-on-Cash
-0.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93