Joan Jacobs Acquires 11.4 Acre Single Family Property In Wellington For $11M
SOLD
$11,000,000
+ 1
Florida
See Similar DealsSingle Family Residence7,199 SF
Sold 10/08/2021
SOLD
Joan Jacobs Acquires 11.4 Acre Single Family Property In Wellington For $11M
Wellington, FL, USA
See Similar DealsSingle Family Residence7,199 SF
Sold 10/08/2021
+ 1
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,528
Total Square Footage:7,199 SF
Transaction Type:Sale
A single-family property spanning 11.4 acres in Wellington has been sold for $11,000,000. The transaction took place on 10/08/2021 in the Wellington market. The property offers a living area of 2,996 square feet, resulting in a price per square foot of $3,672. Amy Carr, Louis Jacobs, and David Welles are featured in the image associated with this sale.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,000,000
- Market: Wellington
- Acreage: 11.4
- Square Footage: 2,996
Joan Jacobs and Louis Jacobs, representing Delaware North, acquired the property from the seller, Jeannie Harrison. Amy Carr of Westwind Realty, LLC served as the buyer's representative, while David Welles, an agent with Equestrian Sotheby's International Realty, represented the seller in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$586,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$39,080.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$52,145.61
Annual Debt Service$625,747.34
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