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Michael Saunders & Company Acquires SFR In Sarasota For $4.3M

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SOLD
$4,259,750

Florida

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Single Family Residence67,100 SF
Sold 09/08/2020
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Property Image
SOLD

Michael Saunders & Company Acquires SFR In Sarasota For $4.3M

3544 San Remo Terrace, Sarasota, FL 34239, USA

See Similar Deals
Single Family Residence67,100 SF
Sold 09/08/2020
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$63
Total Square Footage:67,100 SF
Transaction Type:Sale

Located at 3544 San Remo Terrace in Sarasota, this single-family home was recently sold in a closed transaction. The property boasts a spacious 6,710 square feet of living space. The selling price for this SFR was $4,259,750, resulting in a price per square foot of $635.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $4,259,750
  • Square Feet: 6,710
  • Price per Square Foot: $635
  • Date: 09/08/2020
  • Market: Sarasota

Ralph Harvey from Listwithfreedom.com, Inc. represented the seller in this deal. On the buyer's side, Michael Hays from Michael Saunders & Company played a crucial role in facilitating the sale. Both representatives worked diligently to ensure a successful transaction.

Players

1 deal$4.3M volume
BROKER

Details

SOLD
IMAGE: Michael Hays DATE: 09/08/2020 ADDRESS: 3544 San Remo Terrace MARKET: Sarasota ASSET TYPE: SFR PRICE: $4,259,750 SF: 6,710 PPSF: $635 SELLER’S REP: Ralph Harvey – Listwithfreedom.com, Inc. BUYER’S REP: Michael Hays – Michael Saunders & Company

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

$227,186.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,133.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,193.39
Annual Debt Service$242,320.66