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1373 North Collier Boulevard

Roy W. Cummings, Jr & Kimberly S. Cummings Purchase Single Family Home On Marco Island For $3.8M
SOLDSingle Family

Roy W. Cummings, Jr & Kimberly S. Cummings Purchase Single Family Home On Marco Island For $3.8M

1373 North Collier Boulevard

$3,800,000

$1,155/SF

Building Size

3,288 SF

Asset Type

Single Family

Closing

Mar 4, 2024

AI

The single-family property located at 1373 North Collier Boulevard in Marco Island was sold for $3,800,000. Spanning 3,288 square feet, the property was transacted at a price per square foot of $1,156. The transaction took place between buyers Roy W. Cummings, Jr & Kimberly S. Cummings, and sellers Terry L. Monday & Lucinda B. Monday. The deal was facilitated by Chris Sullivan from RE/MAX.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $3,800,000
  • Buyer: Roy W. Cummings, Jr & Kimberly S. Cummings
  • Seller: Terry L. Monday & Lucinda B. Monday
  • Broker: Chris Sullivan - RE/MAX
  • Address: 1373 North Collier Boulevard
  • Market: Marco Island
  • Square Footage: 3,288
  • Price Per Square Foot: $1,156

Chris Sullivan from RE/MAX played a pivotal role as the broker in the transaction, representing the parties involved. The buyers, Roy W. Cummings, Jr & Kimberly S. Cummings, sought to secure the property from sellers Terry L. Monday & Lucinda B. Monday. This successful deal highlights the collaborative effort of these individuals in the real estate transaction.

Players

Chris Sullivan

Re/Max

Broker

$55.1M

vol

10 deals

Broker

Marco Island 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

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93