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Shelly Northern Facilitates $3.85M Sale Of Waterfront Coral Gables Estate

Property Image
SOLD
$3,850,000

Florida

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Single Family Residence6,573 SF
Sold 04/15/2021
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Property Image
SOLD

Shelly Northern Facilitates $3.85M Sale Of Waterfront Coral Gables Estate

1216 Alfonso Avenue, Coral Gables, FL 33146

See Similar Deals
Single Family Residence6,573 SF
Sold 04/15/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$585
Total Square Footage:6,573 SF
Transaction Type:Sale

An waterfront Coral Gables estate located at 1216 Alfonso Ave has been sold in a closed transaction. The property, listed by Shelly Northern of Compass, was sold on 04/15/2021 at a sale price of $3,850,000. The asking price for this single-family residential property was $4,270,000. The estate spans 6,573 square feet, resulting in a price per square foot of $586. Situated on a spacious lot of 22,800 square feet, this property offers a desirable waterfront location in Coral Gables.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $3,850,000
  • Market: Coral Gables
  • Broker: Shelly Northern - Compass

Shelly Northern from Compass represented both the sellers and buyers in this successful sale, further exemplifying her expertise in the local real estate market. This transaction highlights the value of this waterfront Coral Gables estate and the trust placed in Shelly Northern to navigate this deal on behalf of her clients.

Players

Shelly Northern
6 deals$31.3M volume(786) 525-1721
BROKER

Details

SOLD
IMAGE: Shelly Northern DATE: 04/15/2021 ADDRESS: 1216 Alfonso Ave MARKET: Coral Gables ASSET TYPE: SFR BROKER: Shelly Northern - Compass ASKING PRICE: $4,270,000 SALE PRICE: $3,850,000 SF: 6,573 ~ PPSF: $586 LOT SIZE: 22,800 SF NOTE: Shelly Northern represented the sellers and buyers in the sale of this waterfront Coral Gables estate.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$205,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,250.96
Annual Debt Service$219,011.57