Updated Oct 29, 2024
Steven R. Dingle's SRD Building Corp. Acquires SFR In Boca Raton For $9.4M
298 West Key Palm Road, Boca Raton, FL, USA
$9,425,000
$762/SF
Building Size
12,354 SF
Asset Type
Single Family Residence
Closing
Dec 21, 2020
About this deal
AI
The property involved in this transaction is a single-family residence located at 298 W. Key Palm Road in Boca Raton. The sale took place on December 22, 2020. The property spans 12,354 square feet and was sold for a price of $9,425,000, resulting in a price per square foot of $763. The buyer is Steven R. Dingle, representing SRD Building Corp., while the sellers are Siobhan Carty and Philip Marber. The transaction was facilitated by broker David W. Roberts from Royal Palm Properties.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $9,425,000
- Address: 298 W. Key Palm Road, Boca Raton
- Market: Boca Raton
- Buyer: Steven R. Dingle - SRD Building Corp.
- Seller: Siobhan Carty & Philip Marber
- Broker: David W. Roberts - Royal Palm Properties
- Square Footage: 12,354
- Price per Square Foot: $763
Steven R. Dingle, representing SRD Building Corp., acquired the property from sellers Siobhan Carty and Philip Marber. The transaction was facilitated by broker David W. Roberts of Royal Palm Properties. This successful sale highlights the demand for high-value properties in Boca Raton's real estate market.
Players
Boca Raton 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
1.68%
Cash-on-Cash
-0.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93