Michael Saunders & Company Sells Single Family Home In Sarasota For $7.5M
1247 Westway Drive
$7,475,000
$1,483/SF
Building Size
5,039 SF
Asset Type
Single Family
Closing
Mar 3, 2023
AI
The property involved in this transaction is a single-family home located at 1247 Westway Drive in Sarasota. The property spans 5,039 square feet and has a sale price of $7,475,000, resulting in a price per square foot of $1,483. The transaction took place on 03/03/2023.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $7,475,000
- Address: 1247 Westway Drive
- Market: Sarasota
The brokers involved in this deal are Klaus Lang, Georgina Clamage, and Mary Pat Radford from Michael Saunders & Company. They represent the buyer, seller, landlord, or tenant in this transaction.
Players
Sarasota Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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