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Michael Saunders & Co. Sells Shoreland Woods Single Family Home For $5M

Property Image
SOLD
$5,000,000

Florida

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Single Family Residence3,600 SF
Sold 07/21/2022
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Property Image
SOLD

Michael Saunders & Co. Sells Shoreland Woods Single Family Home For $5M

3222 Old Oak Drive, Sarasota, Florida 34239, United States

See Similar Deals
Single Family Residence3,600 SF
Sold 07/21/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,388
Total Square Footage:3,600 SF
Transaction Type:Sale

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.

Players

Linda Driggs
2 deals$22.5M volume
BROKER

Details

SOLD
IMAGE: Linda Driggs DATE: 07/21/2022 ADDRESS: 3222 Old Oak Drive MARKET: Shoreland Woods ASSET TYPE: Single Family ~ ACRES: 2.42 BROKER: Linda Driggs - Sara Boudarga Team - Michael Saunders & Co. SALE PRICE: $5,000,000 SF: 3,600 ~ PPSF: $1,389

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
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