Shelly Northern Facilitates $3.85M Sale Of Waterfront Coral Gables Estate
1216 Alfonso Avenue, Coral Gables, FL 33146
$3,850,000
$585/SF
Building Size
6,573 SF
Asset Type
Single Family Residence
Closing
Apr 14, 2021
AI
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
Coral Gables 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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93