facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Florida

/

Single Family Residence

/

Sale

/

1621 South Bayshore Drive, ...

1621 Land Trust Acquires Single Family Home On S Bayshore Dr In Miami, FL For $4M
SOLDSingle Family Residence

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

1T
1621 Land TrustBuyer

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