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3711 NE 31st Ave, Lighthous...

Patrick Hodnett Acquires SFR In Lighthouse Point For $5.15M
SOLDSingle Family Residence

Patrick Hodnett Acquires SFR In Lighthouse Point For $5.15M

3711 NE 31st Ave, Lighthouse Point, FL, USA

$5,150,000

$651/SF

Building Size

7,900 SF

Asset Type

Single Family Residence

Closing

Sep 3, 2021

AI

The single-family residential property located at 3711 NE 31st Ave in Lighthouse Point has been sold. The transaction took place on 09/03/2021. The property, with a total area of 7,900 square feet, was sold for a price of $5,150,000, resulting in a price per square foot of $652. The buyer of the property was Patrick Hodnett, while the seller was Manuel Negreiro.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $5,150,000
  • Address: 3711 NE 31st Ave, Lighthouse Point
  • Market: Lighthouse Point
  • Buyer: Patrick Hodnett
  • Seller: Manuel Negreiro
  • Brokers: Lisandra Martinez - Chad Carroll - Compass; Presdon Luczek - One Sotheby's International RE
  • Asking Price: $5,300,000
  • Square Footage: 7,900

Lisandra Martinez from Compass and Presdon Luczek from One Sotheby's International RE represented the parties involved in the transaction.

Players

Chad Carroll

Compass

Broker

$1.7B

vol

84 deals

Broker

Patrick Hodnett

Buyer

$7M

vol

2 deals

Buyer

Lighthouse Point 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

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93