Salvatore & Karen Calvino Acquires Boca Raton SFR For $7M
2989 Spanish River Rd, Boca Raton, FL 33432, USA
$7,000,000
$58/SF
Building Size
120,000 SF
Asset Type
Single Family Residence
Closing
Aug 16, 2020
AI
The property at 2989 Spanish River Road in Boca Raton was recently sold for $7,000,000. This single-family residential (SFR) property spans 12,000 square feet, resulting in a price per square foot of $583. The transaction took place on August 17, 2020, and the seller was Hillsboro South LLC. The buyers, Salvatore and Karen Calvino, acquired the property with the assistance of Joseph Liguori and Gerard Liguori from Premier Estate Properties.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $7,000,000
- Square Footage: 12,000
- Price per Square Foot: $583
- Address: 2989 Spanish River Road, Boca Raton
- Market: Boca Raton
The involvement of Salvatore and Karen Calvino as buyers in this transaction showcases their interest in investing in real estate. Premier Estate Properties' brokers, Joseph Liguori and Gerard Liguori, played a crucial role in representing the buyers, ensuring a successful deal for all parties involved.
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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93