Daniel & Brooke Baker Acquire SFR In Bay Point Estates, Miami For $4.6M
625 Melaleuca Ln
$4,600,000
$230/SF
Building Size
19,963 SF
Asset Type
Single Family Residence
Closing
Oct 25, 2022
AI
A single-family residential property located at 625 Melaleuca Ln in Bay Point Estates, Miami, has been sold for a total price of $4,600,000. The property spans across 19,963 square feet, resulting in a price per square foot of $230. The sale took place on 10/25/2022 and was facilitated by Compass.
Summary of transaction details:
- Property Type: Single Family Residential
- Transaction Amount: $4,600,000
- Address: 625 Melaleuca Ln
- Market: Bay Point Estates, Miami
- Buyer: Daniel & Brooke Baker
- Seller: Jennie Shacni
- Buyer's Representative: Diego Ramos - Compass
- Seller's Representative: Julianna Castro - Compass
The buyers, Daniel and Brooke Baker, secured the property through the representation of Diego Ramos from Compass. Julianna Castro, also from Compass, acted as the representative for the seller, Jennie Shacni.
Players
Miami 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
3.45%
Cash-on-Cash
-0.99%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93