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560 Putter Lane

Richard & Geri Ann Bradley Acquire Country Club Shores Home From KCDC Properties For $5.25M
SOLDSingle Family Residence

Richard & Geri Ann Bradley Acquire Country Club Shores Home From KCDC Properties For $5.25M

560 Putter Lane

$5,250,000

$1,219/SF

Building Size

4,304 SF

Asset Type

Single Family Residence

Closing

Aug 28, 2023

AI

KCDC Properties LLC has sold a 4-bedroom, 4.5-bath home with a pool located at 560 Putter Lane in Country Club Shores, Longboat Key. The property, built in 2018, spans a total of 4,304 square feet of living area. It was recently purchased by Richard and Geri Ann Bradley for an impressive sale price of $5.25 million, marking a significant increase from its previous sale price of $2,995,000 in 2019.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $5,250,000
  • Property Address: 560 Putter Lane, Longboat Key
  • Market: Longboat Key
  • Acres: 0.27

The buyer, Richard and Geri Ann Bradley, are the new owners of the property. They were represented by Kimberly Dunn and Christopher Hunt from Hunt Brothers Realty, Inc. On the other hand, KCDC Properties LLC, the seller, was represented by Uli Wills from Wills Real EstateLLC in this transaction.

Players

Kimberly Dunn

Hunt Brothers Realty, Inc

Broker

$5.3M

vol

1 deal

Broker

Richard Bradley

Buyer

$40.3M

vol

3 deals

Buyer

Market 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

3.02%

Cash-on-Cash

-0.86%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93