Updated Dec 21, 2023
Elaine & Joseph Hyde Acquire Pinecrest SFR For $6.8M
12850 Southwest 60th Avenue, Pinecrest, Florida 33156, United States
$6,825,000
$738/SF
Building Size
9,237 SF
Asset Type
Single Family Residence
Closing
Jun 30, 2022
About this deal
AI
A single-family residence located at 12850 SW 60th Ave in Pinecrest has been sold for a price of $6,825,000. The property spans an area of 9,237 square feet, resulting in a price per square foot of $739. The transaction took place on July 1, 2022. The property was purchased by Elaine and Joseph Hyde from the sellers, Rekha and Narendra Kini. The sale was facilitated by Lizzie Padro from Compass and Eddy Martinez from Avanti Way, representing the sellers in the deal.
Summary of transaction details
- Property Type: Single-Family Residence
- Transaction Amount: $6,825,000
- Address: 12850 SW 60th Ave, Pinecrest
- Square Footage: 9,237
- Price Per Square Foot: $739
- Sale Date: July 1, 2022
- Buyer: Elaine & Joseph Hyde
- Seller: Rekha & Narendra Kini
- Seller's Representatives: Lizzie Padro - Compass; Eddy Martinez - Avanti Way
Lizzie Padro from Compass and Eddy Martinez from Avanti Way played key roles in the transaction as the seller's representatives. They ensured a smooth sale process for Rekha and Narendra Kini, ultimately leading to the successful purchase by Elaine and Joseph Hyde. The deal was finalized on July 1, 2022, with a sale price of $6,825,000. The property, located at 12850 SW 60th Ave in Pinecrest, offers a spacious interior with a total area of 9,237 square feet, providing ample living space for the new owners.
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Pinecrest 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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93