Updated Sep 9, 2024
Grace Heinecke Acquires SFR In Coconut Grove, Miami For $1.5M
3200 Morris Lane
$1,495,000
$737/SF
Building Size
2,027 SF
Asset Type
Single Family Residence
Closing
Oct 17, 2022
About this deal
AI
The SFR located at 3200 Morris Ln in Coconut Grove, Miami has been sold in a recent transaction. The property, with a total of 2,027 square feet, was sold for a price of $1,495,000, resulting in a price per square foot of $738.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,495,000
- Address: 3200 Morris Ln, Coconut Grove, Miami
- Market: Coconut Grove, Miami
- Buyer: Grace Heinecke
- Seller: William Greenwald
- Brokers: Michael Segerman - Current Real Estate Advisors & Jill Penman - ONE Sotheby's International Realty
During the transaction, the buyer, Grace Heinecke, was represented by Michael Segerman from Current Real Estate Advisors, while the seller, William Greenwald, was represented by Jill Penman from ONE Sotheby's International Realty.
On the Map
$1,495,000
$737/SF
Single Family Residence
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Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $737 per square foot on a published $1.5M for 2,027 square feet (2022).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.61%
Cash-on-Cash
-3.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93