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509 Miller Road, Coral Gabl...

Eric J. Cartaya & Virginie April Acquire SFR In Coral Gables For $1.6M
SOLDSingle Family Residence

Eric J. Cartaya & Virginie April Acquire SFR In Coral Gables For $1.6M

509 Miller Road, Coral Gables, FL 33146, USA

$1,600,000

$819/SF

Building Size

1,953 SF

Asset Type

Single Family Residence

Closing

Jul 12, 2020

AI

Located in Coral Gables, this single-family property at 509 Miller Rd recently changed hands in a sale transaction. The property, which underwent a complete renovation in 2016, offers a variety of updated features. It features an open Euro kitchen with white cabinetry, a saltwater pool surrounded by lush landscaping, and a covered outdoor patio with built-in outdoor speakers. The master suite includes an imported carved marble tub, and the house boasts two en-suite bathrooms. With a total area of 1,953 square feet, the property provides ample space for both entertaining and quiet relaxation. The large one-car garage also offers the potential to be converted into a home office or workout space.

Summary of transaction details:

  • Property Type: SFR (Single-Family Residential)
  • Transaction Amount: $1,600,000
  • Address: 509 Miller Rd, Coral Gables
  • Market: Coral Gables
  • Buyer: Eric J. Cartaya & Virginie April
  • Seller: Manuel A Aran Trust, Gabriela G Aran Trust - Aran Family Living Trust
  • Brokers: Ivette Fernandez-Chaustre & Orlando Alpizar - The Key Real Estate Team - Semsch Realty; Monica Swzarckopf - New Sunrise Realty

If you're considering selling a property, now is a great time to do so. However, if you're having trouble attracting attention from potential buyers, it might be worth considering a change in strategy. Don't hesitate to reach out to us at [email protected] to discuss your options.

Players

Ivette Fernandez-Chaustre

Broker

$1.6M

vol

1 deal

Broker

Coral Gables 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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93