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Matthew Mugo S. Fields & Antoinette Campbell Acquire SFR In North Miami For $4.3M

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SOLD
$4,300,000

Florida

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Single Family Residence3,009 SF
Sold 06/17/2022
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Property Image
SOLD

Matthew Mugo S. Fields & Antoinette Campbell Acquire SFR In North Miami For $4.3M

2371 Bayview Lane, North Miami, Florida 33181, United States

See Similar Deals
Single Family Residence3,009 SF
Sold 06/17/2022
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,429
Total Square Footage:3,009 SF
Transaction Type:Sale

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

Oliver Lloyd
13 deals$202.1M volume
BROKER

Julian Reynolds
Keller Williams Realty
1 deal$4.3M volume
BROKER

Details

SOLD
IMAGE: Oliver Lloyd & James Bergman DATE: 06/17/2022 ADDRESS: 2371 Bayview Ln MARKET: North Miami ASSET TYPE: SFR BUYER: Matthew Mugo S. Fields & Antoinette Campbell SELLER: James & Alex Bergman - JCJ Holdings BUYER'S REP: Julian Reynolds SELLER'S REP: Oliver Lloyd (@LivSellsMiami) - Douglas Elliman (@DouglasElliman) SALE PRICE: $4,300,000 SF: 3,009 ~ PPSF: $1,429 NOTE FROM BROKER: Set a record per SF price, $1429/SF

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,277.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,384.19
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