One Sotheby's International Realty Sells SFR In Lauderdale By The Sea For $3.8M
297 Tropic Dr, Lauderdale-By-The-Sea, FL 33308, USA
$3,800,000
$678/SF
Building Size
5,600 SF
Asset Type
Single Family Residence
Closing
Aug 4, 2020
AI
The transaction involved the sale of a single-family residence located at 297 Tropic Dr in Lauderdale By The Sea. The property was sold for a price of $3,800,000. Spanning across 5,600 square feet, the property was valued at approximately $679 per square foot.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,800,000
- Address: 297 Tropic Dr, Lauderdale By The Sea
- Market: Lauderdale By The Sea
- Brokers: Nicholas Grodzicki & Presdon Luczek – One Sotheby's International Realty
- Size: 5,600 square feet
- Price per Square Foot: $679
Nicholas Grodzicki & Presdon Luczek from One Sotheby's International Realty acted as the brokers in this transaction.
Players
Lauderdale By The Sea 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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93