Tom Glavine Sells Milton Home For $3.35M To Berte Family Trust
$3,350,000
$417/SF
Building Size
8,017 SF
Asset Type
Single Family
Closing
Sep 22, 2023
AI
Hall of Fame pitcher Tom Glavine and his wife, Christine, recently sold their single family home in Milton, GA for a staggering $3.35 million in an off-market transaction. The buyers, Michael R. Berte and Stephanie A. Berte, who serve as trustees of the Berte Family Trust, purchased the property. The transaction was facilitated by brokers David Kaufman and Paul Wegener from Atlanta Fine Homes Sotheby’s International Realty. The property spans a generous 8,017 square feet, with a price per square foot of $418.
Summary of Transaction Details
- Property Type: Single Family
- Transaction Amount: $3,350,000
- Market: Milton, GA
- Brokers: David Kaufman & Paul Wegener - Atlanta Fine Homes Sotheby’s International Realty
- Buyer: Michael R. Berte & Stephanie A. Berte
- Seller: Tom Glavine & Christine Glavine
The buyers, Michael R. Berte and Stephanie A. Berte, are trustees of the Berte Family Trust, with Michael serving as the president of Atlanta-based mortgage lender AmeriSave Mortgage. The off-market sale showcases the interest and investment potential in the Milton area, as well as the confidence placed in Atlanta-based brokers David Kaufman and Paul Wegener from Atlanta Fine Homes Sotheby’s International Realty.
Players
Market Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93