Updated Oct 29, 2024
Hi Mount LLC Acquires SFR On Hi Mount Road, Palm Beach For $15M. Seller: Trust Of Dr. Andreas Brandt
756 Hi Mt Rd, Palm Beach, FL 33480, USA
$15,000,000
$391/SF
Building Size
38,330 SF
Asset Type
Single Family Residence
Closing
Jun 2, 2020
About this deal
AI
The property located at 756 Hi Mount Road in Palm Beach has been sold in a closed transaction. The single-family residence (SFR) spans across 3,833 square feet. The transaction was finalized at a price of $15,000,000.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $15,000,000
Hi Mount LLC has purchased the property from the Trust of Dr. Andreas Brandt.
The single family residence sale at 756 Hi Mt Rd, Palm Beach, FL 33480, USA in Palm Beach, Florida sold for $15M in 2020. The building is 38,330 square feet, implying about 391 per square foot on the published price. This page is the Palm Beach, Florida file for the 756 Hi Mt Rd, Palm Beach, FL 33480, USA single family residence sold: pricing, party profiles, and other closed single family residence comps from the same Palm Beach sit in the Market section below. Filter that Palm Beach single family residence set by closing date to see what else sold near 756 Hi Mt Rd, Palm Beach, FL 33480, USA around 2020. Published consideration for 756 Hi Mt Rd, Palm Beach, FL 33480, USA is $15M, dated 2020. Cite this Hi Mount LLC Acquires SFR On Hi Mount Road, Palm Beach For $15M. Seller: Trust Of Dr. Andreas Brandt sale when underwriting similar single family residence product around Palm Beach, Florida.
Players
Palm Beach 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
1.06%
Cash-on-Cash
-0.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93