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
Lighthouse Point 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93