Updated Dec 21, 2023
Michael Saunders & Co. Sells Shoreland Woods Single Family Home For $5M
3222 Old Oak Drive, Sarasota, Florida 34239, United States
$5,000,000
$1,388/SF
Building Size
3,600 SF
Asset Type
Single Family Residence
Closing
Jul 20, 2022
About this deal
AI
The property involved in the transaction is a single family home located at 3222 Old Oak Drive in Shoreland Woods. The property sits on a spacious 2.42-acre lot, offering ample outdoor space. The sale of this property took place on 07/21/2022.
Summary of transaction details:
- Property Type: Single Family
- Sale Price: $5,000,000
- Square Footage: 3,600
- Price per Square Foot: $1,389
- Address: 3222 Old Oak Drive
- Market: Shoreland Woods
The sale of this property was facilitated by Linda Driggs from the Sara Boudarga Team, representing Michael Saunders & Co. The transaction price of $5,000,000 reflects the value placed on this beautiful single family home. It offers a generous living space of 3,600 square feet, with a price per square foot of $1,389. This successful transaction showcases the expertise and professionalism of Linda Driggs and her team in securing favorable deals for their clients in the real estate market.
On the Map
$5,000,000
$1,388/SF
Single Family Residence
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Sarasota 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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93