Updated Sep 9, 2024
Joel Bertuzzi Acquires South Chatham SFR For $5.99M From Samuel Chin
72 Sea Mist Lane
$5,995,000
$1,070/SF
Building Size
5,600 SF
Asset Type
Single Family Residence
Closing
Apr 26, 2023
About this deal
AI
A single-family residential property located at 72 Sea Mist Lane in South Chatham, MA has been sold for a record-breaking price of $5,995,000. Spanning over 5,600 square feet, this property stands as a testament to luxury living in the area.
Summary of transaction details:
- Property Type: Single Family Residential
- Transaction Amount: $5,995,000
Joel Bertuzzi has emerged as the buyer in this landmark transaction, while Samuel Chin has acted as the seller. Guiding the sale on behalf of the seller was Paul McCormick from Sotheby's International Realty.
This sale has set a new record as the highest sale price in the history of South Chatham, showcasing the demand for prestigious properties in this market.
On the Map
$5,995,000
$1,070/SF
Single Family Residence
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Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.1K per square foot on a published $6M for 5,600 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93