Fernando Guruceaga Purchases Single Family Home From Asher Sobie In Miami For $1.618M
371 SW 29 Rd
$1,618,000
$817/SF
Building Size
1,980 SF
Asset Type
Single Family Residence
Closing
Dec 13, 2024
AI
The property involved in this transaction is a single-family home located at 371 Southwest 29th Road, Miami. The sale price for this asset was $1,618,000, with a total square footage of 1,980 and a price per square foot of $817.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,618,000
- Address: 371 Southwest 29th Road
- Market: Miami
- Square Footage: 1,980
- Price Per Square Foot: $817
- Buyer: Fernando Guruceaga
- Seller: Asher Sobie
- Seller's Representative: Ashley Alvarez & William Alvarez - The Alvarez Group - Sterling One Realty
The transaction was facilitated by Ashley Alvarez and William Alvarez, representing the seller Asher Sobie. Their involvement highlights the brokerage's role in managing the sale process effectively for the seller throughout this transaction.
Players
Miami Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.80%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93