Elton John's Atlanta Condo Sells For $7.225M With Brokers Betsy Akers & Chase Mizell
$7,225,000
$541/SF
Building Size
13,332 SF
Asset Type
Condo
Closing
Nov 1, 2023
About this deal
AI
Elton John's Atlanta condo has been sold for a remarkable $7,225,000, a 45% premium over its initial price of $4.995 million. The unique four-bedroom unit spans 13,332 square feet and features a gym, a massage room, and an art gallery showcasing Elton John's photography collection. The property attracted local buyers who paid in cash, emphasizing the overall appeal and desirability of the condo.
Summary of transaction details
- Property Type: Condo
- Transaction Amount: $7,225,000
- Market: Atlanta, GA
- Size: 13,332 square feet
- Price Per Square Foot: $542
The sale of Elton John's Atlanta condo was facilitated by Betsy Akers and Chase Mizell from Atlanta Fine Homes Sotheby's International Realty. These brokers played a crucial role in connecting the property with local buyers, ensuring the successful completion of the cash transaction. Their expertise and negotiation skills contributed to achieving a significant premium for the property, highlighting their reputation within the Atlanta real estate market.
Players
Market Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $541 per square foot on a published $7.2M for 13,332 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.20%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93