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2711 Lake Ridge Lane

Updated Nov 29, 2023

Luis E. & Alba Cheas Acquire SFR In Weston For $4.95M
SOLDSingle Family Residence

Luis E. & Alba Cheas Acquire SFR In Weston For $4.95M

2711 Lake Ridge Lane

$5,500,000

$623/SF

Building Size

8,823 SF

Asset Type

Single Family Residence

Closing

Mar 30, 2023

About this deal

AI

The single-family home located at 2711 Lake Ridge Lane in Weston has been sold in a transaction that closed on March 30th, 2023. The property is a spacious residence with a total square footage of 8,823. The sale price for this property was $4,950,000, resulting in a price per square foot of $561.03.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,950,000
  • Address: 2711 Lake Ridge Lane, Weston
  • Market: Weston
  • Buyer: Luis E. & Alba Cheas
  • Seller: Barbara Hollinger & Richard MacKenzie
  • Square Footage: 8,823
  • Price Per Square Foot: $561.03

Luis E. & Alba Cheas purchased this property from Barbara Hollinger & Richard MacKenzie. The transaction represents a successful deal between the buyer and seller. The involvement of Luis E. & Alba Cheas as the buyers and Barbara Hollinger & Richard MacKenzie as the sellers highlights the key individuals behind this real estate transaction.

Players

Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $623 per square foot on a published $5.5M for 8,823 square feet (2023).

Browse Florida single family residence sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.88%

Cash-on-Cash

-0.82%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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