Updated Dec 20, 2023
Corcoran Reverie's Michele Bailey Represents Buyer In $6.5M Seacrest SFR Sale
158 Geoff Wilder Ln, Panama City Beach, Fl 32413, Usa
$6,500,000
$161/SF
Building Size
40,320 SF
Asset Type
Single Family Residence
Closing
Jul 7, 2020
About this deal
AI
The Seacrest property located at 158 Geoff Wilder Lane has been successfully sold for a total price of $6,500,000. This single-family residential (SFR) property spans a total area of 4,032 square feet, resulting in a price per square foot (PPSF) of $1,612. The sale took place on the 7th of August 2020. The seller's representative in this transaction was Robert Cathcart of The Premier Property Group, while the buyer's representative was Michele Bailey of Corcoran Reverie.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $6,500,000
- Square Footage: 4,032
- Price per Square Foot: $1,612
- Seller's Representative: Robert Cathcart - The Premier Property Group
- Buyer's Representative: Michele Bailey - Corcoran Reverie
Michele Bailey of Corcoran Reverie played a crucial role as the buyer's representative in this transaction. This successful sale demonstrates the expertise and professionalism of both Robert Cathcart, the seller's representative from The Premier Property Group, and Michele Bailey, the buyer's representative from Corcoran Reverie.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.44%
Cash-on-Cash
-0.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93