1410 John Ringling Parkway In Sarasota Sells For $5.68M With Buyer's Rep Peter Laughlin And Seller's Rep Shannon Gadbois
SOLD
$5,675,000
Florida
See Similar DealsSingle Family2,148 SF
Sold 01/03/2023
SOLD
1410 John Ringling Parkway In Sarasota Sells For $5.68M With Buyer's Rep Peter Laughlin And Seller's Rep Shannon Gadbois
1410 John Ringling Parkway, Sarasota, FL 34236, USA
See Similar DealsSingle Family2,148 SF
Sold 01/03/2023
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$2,642
Total Square Footage:2,148 SF
Transaction Type:Sale
Located at 1410 John Ringling Parkway in Sarasota, this single-family property spans 0.28 acres. The sale transaction took place on 01/03/2023, with the buyer being 1410 John Ringling Parkway LLC and the seller identified as Edward Balian.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $5,675,000
- Address: 1410 John Ringling Parkway
- Market: Sarasota
- Asset Type: Single Family
- Acres: 0.28
Peter Laughlin from Premier Sotheby’s International Realty represented the buyer, 1410 John Ringling Parkway LLC, in this transaction. Shannon Gadbois, on the other hand, represented the seller, Edward Balian, and is affiliated with Thomas Ryan Real Estate Management.
The property measures 2,148 square feet, with a price per square foot of $2,642.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$302,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,162.07
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,902.40
Annual Debt Service$322,828.74
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