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
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