Joanne L Reilly & Mary Cannon Sell Spring Lake SFR For $2.05M
205 Pennsylvania Avenue
$2,050,000
$1,153/SF
Building Size
1,777 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2022
AI
On July 19, 2022, a single-family residential property located at 205 Pennsylvania Ave in Spring Lake was sold for a total price of $2,050,000. The property spans across 1,777 square feet and was purchased at a price per square foot of $1,154.
Summary of transaction details:
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $2,050,000
- Address: 205 Pennsylvania Ave, Spring Lake
- Market: Spring Lake
Joanne L Reilly, representing Diane Turton, Realtors, served as the buyer's representative in the transaction. Mary Cannon, from Sitar Realty Company, acted as the seller's representative.
Players
Erie Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.74%
Cash-on-Cash
-2.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93