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
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.
Sarasota Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
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