Matthew Mugo S. Fields & Antoinette Campbell Acquire SFR In North Miami For $4.3M
2371 Bayview Lane, North Miami, Florida 33181, United States
$4,300,000
$1,429/SF
Building Size
3,009 SF
Asset Type
Single Family Residence
Closing
Jun 16, 2022
AI
The recently closed property transaction in North Miami involved the sale of a single-family residence (SFR) located at 2371 Bayview Ln. The transaction took place on June 17, 2022.
Summary of transaction details
- Property Type: SFR
- Sale Price: $4,300,000
- Square Footage: 3,009
- Price per Square Foot: $1,429
- Address: 2371 Bayview Ln, North Miami
The property was sold for a record-breaking price per square foot of $1,429, which is significantly higher than the average in the area. The buyers of the property were Matthew Mugo S. Fields and Antoinette Campbell. They were represented by Julian Reynolds. On the other hand, the sellers were James and Alex Bergman, who belonged to JCJ Holdings. Oliver Lloyd, from Douglas Elliman, served as the seller's representative in the deal.
This successful transaction demonstrates the high demand and value of properties in North Miami's real estate market. The record-breaking sale price per square foot highlights the desirability and quality of the property at 2371 Bayview Ln.
Players
North 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
3.69%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93