Updated Dec 4, 2024
Arik Armstead Buys $2.3M Single Family Home In Jacksonville, FL
5202 Commissioners Drive
$2,325,000
$605/SF
Building Size
3,838 SF
Asset Type
Single Family
Closing
May 30, 2024
About this deal
AI
The single-family home located at 5202 Commissioners Drive in Jacksonville was sold for $2,325,000. The property spans 3,838 square feet and boasts a price per square foot of $606. Arik Armstead, the buyer, acquired this four-bedroom house situated on 0.5 acres in a private gated community near a lush preserve. The Spanish-tiled residence features a gourmet kitchen, a marble-floored dining room, and spacious living areas. Its strategic location provides easy access to downtown Jacksonville and the Jaguars' stadium, making it an attractive choice for the NFL defensive end.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $2,325,000
- Address: 5202 Commissioners Drive
- Market: Jacksonville
- Asset Type: Single Family
- Acres: 0.5
- Buyer: Arik Armstead
- Buyer's Rep: Cara Ameer - Coldwell Banker Vanguard Realty
- Seller's Rep: Allison Steilberg - Berkshire Hathaway HomeServices Florida Network Realty
A notable detail surrounding this transaction is the involvement of Arik Armstead, who recently joined the Jacksonville Jaguars after playing for the San Francisco 49ers. Armstead's purchase of this property demonstrates his commitment to settling in Jacksonville for his professional football career. Additionally, Cara Ameer from Coldwell Banker Vanguard Realty represented the buyer, while Allison Steilberg from Berkshire Hathaway HomeServices Florida Network Realty represented the seller in this significant real estate deal.
Players
Jacksonville Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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About $605 per square foot on a published $2.3M for 3,838 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93