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.
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Coral Gables 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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93