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Samuel & Desaray Conaway Acquire Coral Ridge SFR For $3M With Buyer's Rep Dennis Vanrandall & Regina Vasquez - Coldwell Banker

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SOLD
$3,000,000

Florida

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Single Family Residence2,987 SF
Sold 09/17/2021
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Property Image
SOLD

Samuel & Desaray Conaway Acquire Coral Ridge SFR For $3M With Buyer's Rep Dennis Vanrandall & Regina Vasquez - Coldwell Banker

2831 NE 29th St, East Fort Lauderdale, Fort Lauderdale, FL, USA

See Similar Deals
Single Family Residence2,987 SF
Sold 09/17/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,004
Total Square Footage:2,987 SF
Transaction Type:Sale

The recently closed property transaction in Coral Ridge, Fort Lauderdale involved the sale of a single-family residence located at 2831 NE 29 St. The property spans 2,987 square feet and was sold for $3,000,000, resulting in a price per square foot of $1,004.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,000,000
  • Address: 2831 NE 29 St
  • Market: Coral Ridge, Fort Lauderdale

The buyers in this transaction were Samuel and Desaray Conaway, while the sellers included Bryan Sanders, Geva Bar, and David Sherman. Representing the buyers were Dennis Vanrandall and Regina Vasquez from Coldwell Banker, while Geva Bar from ONE Sotheby's International Realty acted as the seller's representative.

This successful deal was facilitated at the asking price of $3,000,000, which was met by the buyers. The property's attractive price per square foot of $1,004 reflects its value in the market. Overall, this transaction showcases the diligent efforts and expertise of all the key individuals involved.

Players

Dennis Vanrandall
1 deal$3M volume
BROKER

Regina Vasquez
Coldwell Banker
1 deal$3M volume
BROKER

Geva Bar
Compass
5 deals$25.3M volume(305) 815-0857
BROKER

Details

SOLD
IMAGE: Geva Bar, Regina Vasquez & Dennis Vanrandall DATE: 09/17/2021 ADDRESS: 2831 NE 29 St MARKET: Coral Ridge, Fort Lauderdale ASSET TYPE: SFR BUYER: Samuel & Desaray Conaway SELLER: Bryan Sanders, Geva Bar & David Sherman BUYER'S REP: Dennis Vanrandall & Regina Vasquez - Coldwell Banker SELLER'S REP: Geva Bar (@Geva_OneSothebys) - ONE Sotheby's International Realty (@ONESir) ASKING PRICE: $3,000,000 SALE PRICE: $3,000,000 SF: 2,987 ~ PPSF: $1,004

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37