Jeremy Morton Acquires SFR In Miami Beach For $5.3M
5661 Pine Tree Drive, Miami Beach, FL 33140
$5,300,000
$1,659/SF
Building Size
3,194 SF
Asset Type
Single Family Residence
Closing
Jul 15, 2020
AI
A single-family home located at 5661 Pine Tree Drive in Miami Beach has been sold in a recent transaction. The property, which was listed for sale, was purchased for a sale price of $5,300,000. The home spans a total area of 3,194 square feet, resulting in a price per square foot of $1,659. The sale took place on July 15, 2021.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $5,300,000
- Address: 5661 Pine Tree Drive, Miami Beach
- Market: Miami Beach
The buyer of the property is Jeremy Morton, while the seller is Lori Karen Shore Shiller. The transaction was facilitated by Selen Arditi from the Arditi Realty Group.
Players
Miami Beach 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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93