Alexandre & Josette Calame Acquire 5.16 Acre Single Family Property In Brandenton For $8.55M
SOLD
$8,550,000
Florida
See Similar DealsSingle Family Residence7,677 SF
Sold 08/19/2022
SOLD
Alexandre & Josette Calame Acquire 5.16 Acre Single Family Property In Brandenton For $8.55M
7000 Riverview Boulevard, Bradenton, Florida 34209, United States
See Similar DealsSingle Family Residence7,677 SF
Sold 08/19/2022
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,113
Total Square Footage:7,677 SF
Transaction Type:Sale
A single-family property with 5.16 acres of land located at 7000 Riverview Blvd in Brandenton has been sold for a total of $8,550,000. The property spans 7,677 square feet, resulting in a price per square foot of $1,114. The sale took place on August 19, 2022. The buyer of the property is Alexandre & Josette Calame, while the sellers are Sandra & H.L. "Penny" Robinson. The transaction was facilitated by brokers Michael & Laurel James from Michael Saunders & Co.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $8,550,000
- Address: 7000 Riverview Blvd
- Market: Brandenton
- Asset Type: Single Family
- Acres: 5.16
Michael & Laurel James from Michael Saunders & Co. played a crucial role as brokers in the deal, representing both the buyers and sellers. This transaction marks a significant sale in the real estate market, and showcases the expertise and negotiation skills of the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$456,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$30,376.34
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,531.36
Annual Debt Service$486,376.34
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