Nicole McCullough Acquires 7,509 SF Single Family Home In Jupiter For $7M
406 Mariner Drive, Jupiter, Florida 33477, United States
$7,000,000
$932/SF
Building Size
7,509 SF
Asset Type
Single Family Residence
Closing
Aug 23, 2022
AI
The recently closed property transaction in Jupiter, Florida involved the sale of a single-family home situated at 406 Mariner Drive. This spacious property spans approximately 0.5 acres and offers a total of 7,509 square feet of living space. The sale took place on August 24, 2022, and was captured in an image shared on Instagram by Leonard Abramson and Tom Frankel. The property showcases impressive features and is located in the thriving market of Jupiter.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $7,000,000
- Address: 406 Mariner Drive, Jupiter, Florida
- Market: Jupiter
- Asset Type: Single Family
- Acres: 0.5
- Square Footage: 7,509
Nicole McCullough and Owen McCullough, affiliated with Integrity Admin Group, acquired the property as the buyers. The sellers were Leonard Abramson, connected with U.S. Healthcare. The buyer's representative in this deal was Ann Cusa from Douglas Elliman. On the other hand, the seller's side was represented by Ellen Meyerson, Allan Meyerson, and Tom Frankel, associated with Admiral’s Cove Realty.
Perpetual Financial Group served as the lending institution in this transaction. The property was sold for $7,000,000, resulting in a price per square foot of $932, attesting to the value of the property. The deal highlights the expertise and professionalism of all parties involved in bringing this transaction to fruition.
Players
Jupiter 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
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93