Thomas Arvid Smith Acquires SFR In Fort Lauderdale For $3.7M
325 Seven Isles Dr, Fort Lauderdale, Florida 33301, United States
$3,700,000
$814/SF
Building Size
4,542 SF
Asset Type
Single Family Residence
Closing
Dec 22, 2021
AI
A SFR located at 325 Seven Isle Dr in Fort Lauderdale has been sold in a closed transaction. The property, with a size of 4,542 square feet, was sold for a price of $3,700,000, resulting in a price per square foot of $815. The transaction took place on December 22, 2021. The seller of the property was Brian Grabenstein, who is an executive at Wells Fargo. The buyer of the property was Thomas Arvid Smith. The deal was facilitated by Austin Bergman from Compass.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $3,700,000
- Address: 325 Seven Isle Dr, Fort Lauderdale
- Market: Fort Lauderdale
Austin Bergman of Compass played a role as the broker in this transaction, representing both the buyer and the seller. It is important to note that this property was not listed on the public market and was sold off-market. No additional details are available about the transaction.
Players
Fort Lauderdale 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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93