Julie & James Gladstone Purchase Single Family Home From Searcy Properties LLC For $3M In Jacksonville
14365 Cottage Lake Road
$3,000,000
$736/SF
Building Size
4,071 SF
Asset Type
Single Family
Closing
Mar 21, 2025
AI
The property asset involved in this transaction is a single-family home located at 14365 Cottage Lake Road in Jacksonville. It was sold for $3,000,000.00 and features a total square footage of 4,071.0.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $3,000,000.00
- Address: 14365 Cottage Lake Road
- Market: Jacksonville
- Square Footage: 4,071.0
- Buyer: Julie & James Gladstone
- Seller: Searcy Properties LLC
The deal was facilitated by the representation of Julie & James Gladstone as the buyers and Searcy Properties LLC as the sellers, both crucial to the successful closure of this property acquisition.
Players
Jacksonville 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93