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North Palm Beach, Florida, ...

Berkshire Hathaway Home Services Acquires Single-Family Home In North Palm Beach For $7.47M
SOLDSingle Family Residence

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

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.

Players

Kevin Dickenson

Berkshire Hathaway HomeServices

Broker

$31.5M

vol

3 deals

Broker

North Palm Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

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