Updated Dec 18, 2023
Walter D Cassel & David W Mccarthy Acquire SFR In Fort Lauderdale For $3.25M
509 Isle of Palms Drive, Fort Lauderdale, Florida 33301, United States
$3,250,000
$1,244/SF
Building Size
2,612 SF
Asset Type
Single Family Residence
Closing
Mar 9, 2022
About this deal
AI
Located at 509 Isle of Palms Dr in Fort Lauderdale, Florida, this single-family home was sold on March 10, 2022. The property spans 2,612 square feet and was sold for a price of $3,250,000, resulting in a price per square foot of $1,244.
Summary of transaction details:
- Property Type: Single-family home
- Transaction Amount: $3,250,000
- Address: 509 Isle of Palms Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Walter D Cassel & David W McCarthy
- Seller: Jeffrey A Glass & Sharon Garson Glass
Walter D Cassel and David W McCarthy were the buyers in this transaction, while Jeffrey A Glass and Sharon Garson Glass acted as the sellers.
Players
Fort Lauderdale 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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93