Updated Sep 9, 2024
RE/MAX Elite Sells Single Family Home In Indialantic For $3.5M
3000 N Riverside Dr, Indialantic, Fl 32903
$3,500,000
$723/SF
Building Size
4,835 SF
Asset Type
Single Family Residence
Closing
May 23, 2023
About this deal
AI
The property involved in this transaction is a single-family home located at 3000 North Riverside Drive in Indialantic. The sale was facilitated by Thomas Davis of RE/MAX Elite. The property was sold for $3,500,000. It has a total square footage of 4,835, resulting in a price per square foot of $724.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,500,000
- Address: 3000 North Riverside Drive, Indialantic
- Market: Indialantic
- Agent: Thomas Davis - RE/MAX Elite
- Square Footage: 4,835
- Price Per Square Foot: $724
This transaction highlights the successful collaboration between the buyer, seller, and their respective representatives. It signifies the trust placed in Thomas Davis of RE/MAX Elite to negotiate and finalize the deal. Both parties can be satisfied with the transaction amount, considering the property's size and location. The sale of this single-family home reflects the ongoing activity and financial health of the real estate market in Indialantic.
Players
Miami 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93