1621 Land Trust Acquires Single Family Home On S Bayshore Dr In Miami, FL For $4M
1621 South Bayshore Drive, Miami, FL
$4,000,000
$745/SF
Building Size
5,364 SF
Asset Type
Single Family Residence
Closing
Nov 3, 2021
AI
The single-family property located at 1621 S Bayshore Dr in Miami, FL has been sold in a closed transaction. The property spans 5,364 square feet and was purchased by 1621 Land Trust from Miljan A Milan and Afife S Vidal. The sale took place on 11/04/2021 for a price of $4,000,000, resulting in a price per square foot of $746.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,000,000
- Address: 1621 S Bayshore Dr, Miami, FL
- Market: Miami, FL
- Buyer: 1621 Land Trust
- Seller: Miljan A Milan; Afife S Vidal
- Square Footage: 5,364
- Price per Square Foot: $746
In this transaction, 1621 Land Trust acted as the buyer, acquiring the property from Miljan A Milan and Afife S Vidal. The purchase price of $4,000,000 reflects a price per square foot of $746. The sale of this single-family property at 1621 S Bayshore Dr in Miami, FL marks a significant transaction in the market.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.97%
Cash-on-Cash
-1.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93