Fred Latsko Sells Palm Beach Single-Family Home For $10.5M
SOLD
$10,540,000
Florida
See Similar DealsSingle Family Residence6,103 SF
Sold 07/15/2020
SOLD
Fred Latsko Sells Palm Beach Single-Family Home For $10.5M
320 Polmer Park Road, Palm Beach, FL 33480, USA
See Similar DealsSingle Family Residence6,103 SF
Sold 07/15/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,727
Total Square Footage:6,103 SF
Transaction Type:Sale
A single-family home located at 320 Polmer Park in Palm Beach has been sold in a recent transaction. The property, with a total area of 6,103 square feet, was listed for sale by Fred Latsko. The sale was facilitated by Suzanne Frisbie of Premier Estate Properties.
Summary of transaction details
- Property Type: Single-Family
- Transaction Amount: $10,540,000
- Address: 320 Polmer Park
- Market: Palm Beach
- Square Footage: 6,103
- Price Per Square Foot: $1,727
Suzanne Frisbie, representing Premier Estate Properties, played a crucial role in the successful completion of the transaction. The sale of this single-family property highlights the expertise and dedication of the individuals involved in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$562,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$37,446.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$49,964.98
Annual Debt Service$599,579.73
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