Updated Oct 28, 2024
Joan Jacobs Acquires 11.4 Acre Single Family Property In Wellington For $11M
Wellington, FL, USA
$11,000,000
$1,528/SF
Building Size
7,199 SF
Asset Type
Single Family Residence
Closing
Oct 8, 2021
About this deal
AI
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.
Players
Wellington Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.5K per square foot on a published $11M for 7,199 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.44%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93