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5202 Commissioners Drive

Updated Dec 4, 2024

Arik Armstead Buys $2.3M Single Family Home In Jacksonville, FL
SOLDSingle Family

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:

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

Allison Steilberg

Berkshire Hathaway HomeServices

Broker

$12.9M

vol

2 deals

Broker

Jacksonville Single Family Market Snapshot

Boundary boundary · Single Family · Sale transactions

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Deal FAQ

Arik Armstead bought a home in Jacksonville for $2.3M in 2024. The full closing is on this page.

About $605 per square foot on a published $2.3M for 3,838 square feet (2024).

Visit Allison Steilberg to view all their deals.

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

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