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325 Seven Isles Dr, Fort La...

Thomas Arvid Smith Acquires SFR In Fort Lauderdale For $3.7M
SOLDSingle Family Residence

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

Austin Bergman

Compass

Broker

$18.2M

vol

5 deals

Broker
Wells Fargo
Wells FargoSeller
Wells Fargo
Wells FargoLender

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