Updated Sep 9, 2024
Kevin Mullen & Beth Andrews Sell Tonka Bay Single Family Home For $6.2M
275 Lakeview Avenue,Tonka Bay, Minnesota
$6,225,000
$1,220/SF
Building Size
5,102 SF
Asset Type
Single Family
Closing
Feb 1, 2023
About this deal
AI
The single-family property located at 275 Lakeview Avenue in Tonka Bay, MN has been sold for $6,225,000. The property spans across 5,102 square feet, resulting in a price per square foot of $1,220. The sale was facilitated by Kevin Mullen of Lakes Sotheby's International Realty, representing the buyer, and Beth Andrews of Coldwell Banker Realty, representing the seller.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $6,225,000
- Address: 275 Lakeview Avenue, Tonka Bay, MN
- Square Footage: 5,102
- Price per Square Foot: $1,220
- Buyer's Representative: Kevin Mullen - Lakes Sotheby's International Realty
- Seller's Representative: Beth Andrews - Coldwell Banker Realty
Kevin Mullen from Lakes Sotheby's International Realty represented the buyer in this transaction. Beth Andrews from Coldwell Banker Realty represented the seller in the deal.
Players
Excelsior Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.55%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93