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1181 Northeast 97th Street,...

Updated Dec 20, 2023

David & Caroline Cardenas Sell Miami Shores SFR For $1.65M With Broker Nathan Atchison
SOLDSingle Family Residence

David & Caroline Cardenas Sell Miami Shores SFR For $1.65M With Broker Nathan Atchison

1181 Northeast 97th Street, Miami Shores, Florida 33138, United States

$1,650,000

$806/SF

Building Size

2,046 SF

Asset Type

Single Family Residence

Closing

Mar 30, 2022

About this deal

AI

The property asset involved in this transaction is a Single-Family Home located at 1181 NE 97th St in Miami Shores. The property has a total square footage of 2,046 and was sold for a price of $1,650,000, resulting in a price per square foot of $806.

Summary of transaction details

  • Property Type: Single-Family Home
  • Transaction Amount: $1,650,000
  • Date: 03/31/2022
  • Market: Miami Shores
  • Seller: David & Caroline Cardenas
  • Broker: Nathan Atchison - Douglas Elliman
  • Designer Builder: Max Albert
  • Investor: Sanjesh Sharma - New Ventures INC

Nathan Atchison, representing Douglas Elliman, facilitated the sale of the property. Additionally, Max Albert, an experienced designer builder, was involved in the transaction. The property was purchased by Sanjesh Sharma, who represents New Ventures INC as the investor. These key individuals and companies played crucial roles in the successful completion of the deal.

Players

Nathan Atchison

Coldwell Banker

Broker

$3.3M

vol

2 deals

Broker

Caroline Cardenas

Seller

$4.7M

vol

2 deals

Seller

Miami Shores Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $806 per square foot on a published $1.7M for 2,046 square feet (2022).

Visit Nathan Atchison to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.61%

Cash-on-Cash

-2.75%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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