facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Georgia

/

Single Family

/

Sale

/

Tom & Christine Glavine sel...

Tom Glavine Sells Milton Home For $3.35M To Berte Family Trust
SOLDSingle Family

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

Paul Wegener

Sotheby's International Realty

Broker

$3.4M

vol

1 deal

Broker

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