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Susan Spath Acquires SFR In West Palm Beach From Greg Mermigas & Stephen Harsnett

Property Image
SOLD
$3,950,000
Lisa Mastronardi
Harm Meyer
Holly Meyer Lucas

Florida

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Single Family Residence3,272 SF
Sold 05/16/2022
the dealplayerscompscontact
Property Image
SOLD

Susan Spath Acquires SFR In West Palm Beach From Greg Mermigas & Stephen Harsnett

421 31st Street, West Palm Beach, Florida 33407, United States

See Similar Deals
Single Family Residence3,272 SF
Sold 05/16/2022
Lisa Mastronardi
Harm Meyer
Holly Meyer Lucas
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,207
Total Square Footage:3,272 SF
Transaction Type:Sale

Holly Meyer Lucas, Harm Meyer, and Lisa Mastronardi were involved in the sale of a Single-Family Residence (SFR) located at 421 31st St in West Palm Beach. The transaction took place on May 16, 2022, and had a sale price of $3,950,000. The property spans 3,272 square feet, resulting in a price per square foot (PPSF) of $1,207.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,950,000
  • Date: 05/16/2022
  • Address: 421 31st St
  • Market: West Palm Beach

Holly Meyer Lucas and Harm Meyer from Compass Florida represented the buyer, Susan Spath, in this transaction. On the other hand, Lisa Mastronardi from Illustrated Properties acted as the seller's representative. This successful deal showcases the expertise and dedication of these individuals and companies in the real estate market.

Players

Holly Meyer Lucas
Compass
Holly Meyer Lucas
7 deals$101.3M volume
BROKER
Harm Meyer
Compass
Harm Meyer
1 deal$4M volume
BROKER
Lisa Mastronardi
Sotheby's International Realty
Lisa Mastronardi
3 deals$14.8M volume(561) 346-8220
BROKER
Illustrated Properties Real Estate
Illustrated Properties Real Estate
BROKERAGE

Details

SOLD
IMAGE: Holly Meyer Lucas, Harm Meyer & Lisa Mastronardi DATE: 05/16/2022 ADDRESS: 421 31st St MARKET: West Palm Beach ASSET TYPE: SFR BUYER: Susan Spath SELLER: Greg Mermigas & Stephen Harsnett BUYER'S REP: Holly Meyer Lucas (@Holly.Meyer.Lucas) & Harm Meyer (@Meyer.Lucas.Team) - Compass Florida SELLER'S REP: Lisa Mastronardi - Illustrated Properties SALE PRICE: $3,950,000 SF: 3,272 ~ PPSF: $1,207

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Deal Type
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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
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