Updated Dec 18, 2023
Avanti Way Acquires SFR In El Portal, El Portal For $1.2M - Jessica Hausmann Represents Buyer
275 Northeast 89th Street, El Portal, FL 33138
$1,199,999
$652/SF
Building Size
1,838 SF
Asset Type
Single Family Residence
Closing
Oct 29, 2021
About this deal
AI
275 NE 89th Street in El Portal has been sold in a record-breaking transaction. The single-family residence (SFR) boasts an area of 1,838 square feet and sold for $1,199,999, which equates to a price per square foot of $652. The property was listed at the same price it ultimately sold for, indicating a successful negotiation.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,199,999
- Address: 275 NE 89th Street
- Market: El Portal
Jessica Hausmann from Avanti Way represented the buyer, while Emmanuel Clodic from Envirotek Realty represented the seller. The involvement of experienced real estate professionals ensured a smooth and successful transaction.
This sale sets a new record for El Portal in terms of price per square foot, showcasing the high desirability and value of properties in this market.
Players
El Portal Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $652 per square foot on a published $1.2M for 1,838 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93