Updated Oct 28, 2024
Land Trust Service Corporation Acquires Single Family Property In Boca Raton For $7M
385 Southeast 9th Street, Boca Raton, FL, USA
$7,000,000
$979/SF
Building Size
7,150 SF
Asset Type
Single Family Residence
Closing
May 31, 2021
About this deal
AI
A single-family property located at 385 SE 9th Ln in Boca Raton has recently been sold for $7,000,000. The property spans across 7,150 square feet, resulting in a price per square foot of $979.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,000,000
- Address: 385 SE 9th Ln, Boca Raton
- Market: Boca Raton
- Buyer: Land Trust Service Corporation Trustee
- Seller: Russell Macnow
- Square Footage: 7,150
- Price per Square Foot: $979
The buying party in this transaction was Land Trust Service Corporation Trustee, while the seller was Russell Macnow. The deal was successfully closed with a purchase price of $7,000,000.
Players
Boca Raton Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Deal FAQ
Browse Florida single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93