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2989 Spanish River Rd, Boca...

Salvatore & Karen Calvino Acquires Boca Raton SFR For $7M
SOLDSingle Family Residence

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

Gerard Liguori

Premier Estate Properties

Broker

$193.3M

vol

10 deals

Broker

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