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421 31st Street, West Palm ...

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

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

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

$3,950,000

$1,207/SF

Building Size

3,272 SF

Asset Type

Single Family Residence

Closing

May 15, 2022

AI

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

Broker

$101.3M

vol

7 deals

Broker
Illustrated Properties Real Estate
Illustrated Properties Real EstateBrokerage

West Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93