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
$3,000,000
$1,004/SF
Building Size
2,987 SF
Asset Type
Single Family Residence
Closing
Sep 17, 2021
AI
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
Fort Lauderdale 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93