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1216 Alfonso Avenue, Coral ...

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

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

Shelly Northern

Compass

Broker

$31.3M

vol

6 deals

Broker

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