Updated Sep 9, 2024
Berkshire Hathaway Home Services Acquires Single-Family Home In North Palm Beach For $7.47M
North Palm Beach, Florida, United States
$7,470,000
$1,058/SF
Building Size
7,058 SF
Asset Type
Single Family Residence
Closing
Apr 17, 2023
About this deal
AI
The single-family property located in North Palm Beach was recently sold for a total price of $7,470,000. The property spans a total of 7,058 square feet, resulting in a price per square foot of $1,058. Formerly owned by Farah and Tayshaun Prince, the sale was facilitated by Cynthia Stage from Re/Max Properties, representing the sellers. Kevin Dickenson from Berkshire Hathaway Home Services Florida Realty acted as the buyer's representative in the transaction.
Summary of transaction details:
- Property Type: Single-Family
- Transaction Amount: $7,470,000
- Date: 01/21/2022
- Market: North Palm Beach
- Asset Type: Single-Family
The involvement of Cynthia Stage from Re/Max Properties and Kevin Dickenson from Berkshire Hathaway Home Services Florida Realty was instrumental in successfully closing the deal. The transaction took place on January 21, 2022, in the vibrant North Palm Beach market. The property, spanning a generous 7,058 square feet, was sold at a price of $1,058 per square foot, making it a notable transaction in the area.
On the Map
$7,470,000
$1,058/SF
Single Family Residence
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Players
North Palm Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $7.5M for 7,058 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.12%
Cash-on-Cash
-0.61%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93