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6961 Southwest 62nd Street,...

Jarett Ditch Acquires SFR In Miami For $1.625M From Seller Rep Bianca Guevara & Wesley Ullloa - Luxe Properties
SOLDSingle Family Residence

Jarett Ditch Acquires SFR In Miami For $1.625M From Seller Rep Bianca Guevara & Wesley Ullloa - Luxe Properties

6961 Southwest 62nd Street, Miami, FL, USA

$1,625,000

$565/SF

Building Size

2,875 SF

Asset Type

Single Family Residence

Closing

Oct 18, 2020

AI

A single-family residential property located at 6961 Southwest 62nd Street in Miami was recently sold. The transaction took place on October 19, 2020. The property has a living area of 2,875 square feet and sits on a lot measuring 26,920 square feet. The sale price was $1,625,000, resulting in a price per square foot of $565 for the living area and $60 for the lot.

Summary of transation details

  • Property Type: SFR
  • Transaction Amount: $1,625,000
  • Asking Price: $1,675,000
  • Square Feet (Living Area): 2,875
  • Price per Square Foot (Living Area): $565
  • Lot Square Feet: 26,920
  • Price per Square Foot (Lot): $60

The buyer of the property is Jarett Ditch. The seller is Lizette Vlae. Representing the seller in this transaction were Bianca Guevara and Wesley Ullloa from Luxe Properties. The buyer was represented by Andrea Viana from Compass.

Players

Andrea Viana

Compass

Broker

$1.6M

vol

1 deal

Broker

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

9.76%

Cash-on-Cash

-2.79%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93