Updated Oct 29, 2024
Cathryn Sodl Acquires Delray Beach SFR For $5.125M From Seller Ron Adzima
800 Seagate Drive, Delray Beach, FL, USA
$5,125,000
$946/SF
Building Size
5,413 SF
Asset Type
Single Family Residence
Closing
Jan 14, 2021
About this deal
AI
The SFR located at 800 Seagate Drive in Delray Beach was recently sold for $5,125,000. The property spans 5,413 square feet, resulting in a price per square foot of $942. The transaction took place on January 15, 2021. Ron Adzima was the seller, while Cathryn Sodl and Matthew J. Sodl from Innovation Capital served as the buyers. The deal was facilitated by Candace Friis from The Corcoran Group acting as the broker.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $5,125,000
- Address: 800 Seagate Drive
- Market: Delray Beach
- Square Footage: 5,413
- Price per Square Foot: $942
- Buyer: Cathryn Sodl, Matthew J. Sodl - Innovation Capital
- Seller: Ron Adzima
- Broker: Candace Friis - The Corcoran Group
Cathryn Sodl and Matthew J. Sodl, representing Innovation Capital, successfully acquired the property at 800 Seagate Drive. The transaction was facilitated by Candace Friis, an agent from The Corcoran Group. This sale marks a significant transaction in the Delray Beach market.
Delray Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $946 per square foot on a published $5.1M for 5,413 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.10%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93