Updated Dec 20, 2023
Stephen C Schaeffer Acquires Single Family Home In Fort Lauderdale, FL For $3.5M
713 Solar Isle Dr, Fort Lauderdale, Florida, USA
$3,464,060
$706/SF
Building Size
4,903 SF
Asset Type
Single Family Residence
Closing
Sep 27, 2021
About this deal
AI
The single-family property located at 713 Solar Isle Dr in Fort Lauderdale, FL was sold on September 28, 2021. The property spans 4,903 square feet and was sold for a price of $3,464,060, resulting in a price per square foot of $707.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,464,060
- Address: 713 Solar Isle Dr, Fort Lauderdale, FL
- Market: Fort Lauderdale, FL
- Buyer: Stephen C Schaeffer
- Seller: Michael L Keeby & Wendy Weintraub
- Square Footage: 4,903
- Price per Square Foot: $707
Stephen C Schaeffer acted as the buyer in this transaction, while Michael L Keeby and Wendy Weintraub were the sellers. The sale of the property represents a significant investment in the Fort Lauderdale real estate market.
Players
Fort Lauderdale Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.58%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93