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Record-Breaking Auburndale Estate Sold For $4.1M With Buyer's Rep Chinaza Olisahaenye & Seller's Rep Louise Richer
SOLD
$4,100,000
Florida
See Similar DealsSingle Family9,215 SF
Sold 01/17/2024
SOLD
Record-Breaking Auburndale Estate Sold For $4.1M With Buyer's Rep Chinaza Olisahaenye & Seller's Rep Louise Richer
501 Adams Barn Road
See Similar DealsSingle Family9,215 SF
Sold 01/17/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$444
Total Square Footage:9,215 SF
Transaction Type:Sale
A 9,215-square-foot estate in Auburndale, sitting on 44 acres at 501 Adams Barn Road, has sold for $4.1 million, setting a record for Polk County. The property boasts luxury features including a free-standing spiral staircase, chef’s kitchen, saltwater aquarium, sauna, pool with waterfall edge, tennis courts, and private boat dock.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,100,000
- Market: Auburndale
- Address: 501 Adams Barn Road
- Buyer's Rep: Chinaza Olisahaenye - LPT Realty
- Seller's Rep: Louise Richer - Premier Sotheby's International Realty
- SF: 9,215
- PPSF: $445
- Acres: 44.35
The buyer's representative in this deal was Chinaza Olisahaenye from LPT Realty, while the seller's representative was Louise Richer from Premier Sotheby's International Realty.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$218,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,566.44
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,436.09
Annual Debt Service$233,233.10
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