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Elton John's Atlanta Condo Sells For $7.225M With Brokers Betsy Akers & Chase Mizell

Property Image
SOLD
$7,225,000

Georgia

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Condo13,332 SF
Sold 11/01/2023
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Property Image
SOLD

Elton John's Atlanta Condo Sells For $7.225M With Brokers Betsy Akers & Chase Mizell

Condo13,332 SF
Sold 11/01/2023
Contact now

Summary

Asset Type:Condo
Price Per Square Foot:$541
Total Square Footage:13,332 SF
Transaction Type:Sale

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

Chase Mizell
1 deal$7.2M volume(770) 289-2780
BROKER

Betsy Akers
Sotheby's International Realty
1 deal$7.2M volume(404) 372-8144
BROKER

Details

SOLD
IMAGE: Betsy Akers, Elton John & Chase Mizell DATE: 11/01/2023 MARKET: Atlanta, GA ASSET TYPE: Condo SELLER: Elton John BROKERS: Betsy Akers (@BetsyAkersatl) & Chase Mizell (@Chase_Sells_atl) - Atlanta Fine Homes Sotheby's International Realty SALE PRICE: $7,225,000 SF: 13,332 ~ PPSF: $542 NOTE: Elton John's Atlanta condo, initially priced at $4.995 million, sold for a remarkable $7.225 million, a 45% premium. The unique four-bedroom unit, which includes a gym, a massage room, and an art gallery showcasing the music legend's photography collection, attracted local buyers who paid in cash.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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