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
Marco Island Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
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