Compass Florida LLC Sells Palm Beach SFR For $8.3M With Buyer's Rep Premier Estate Properties
SOLD
Florida
See Similar DealsSingle Family Residence8,016 SF
Sold 08/03/2020
SOLD
Compass Florida LLC Sells Palm Beach SFR For $8.3M With Buyer's Rep Premier Estate Properties
350 Indian Road, Palm Beach, FL, USA
See Similar DealsSingle Family Residence8,016 SF
Sold 08/03/2020
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,038
Total Square Footage:8,016 SF
Transaction Type:Sale
The property at 350 Indian Road in Palm Beach was recently sold for $8,325,000. The single-family residence (SFR) spans 8,016 square feet, resulting in a price per square foot (PPSF) of $1,039. The sale took place on August 3, 2020.
Summary of transaction details:
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $8,325,000
- Address: 350 Indian Road
- Market: Palm Beach
The seller's representative in this transaction was Stephen Hall from Compass Florida LLC. On the other side, the buyer was represented by Suzanne Trapani Frisbie from Premier Estate Properties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$444,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,576.97
Cash-on-Cash Return-1.27%
Monthly Debt Service$39,464.75
Annual Debt Service$473,576.97
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