Ramiro Fernandez Purchases Single Family Estate From Robin Rhodes For $1.15M In Homestead
101 Northwest 21st Street
$1,150,000
$145/SF
Building Size
7,883 SF
Asset Type
Single Family Residence
Closing
Feb 8, 2025
AI
This transaction involved a single-family property located at 101 Northwest 21st Street in the Homestead market. The sale price was $1,150,000 for a property that spans approximately 7,883 square feet. The estate sits on about 2.25 acres of land.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,150,000
- Square Footage: 7,883 SF
- Price Per Square Foot: $145
- Buyer: Ramiro Fernandez
- Seller: Robin Rhodes
- Broker: Sam Mekras - MSP Group
- Transaction Date: 02/08/2025
Sam Mekras of MSP Group represented the seller in this transaction. The property is noted as the former estate of the Mayor of Homestead, FL, highlighting its significance in the local area. Interested parties in real estate transactions in South Florida can contact Sam Mekras for further assistance.
Players
Homestead 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93