Robert Thorne And Perla Machaen Acquire Single Family Home In Coral Gables For $4.95M
SOLD
$4,950,000
Florida
See Similar DealsSingle Family Residence4,160 SF
Sold 06/07/2025
SOLD
Robert Thorne And Perla Machaen Acquire Single Family Home In Coral Gables For $4.95M
7155 Old Cutler Road
See Similar DealsSingle Family Residence4,160 SF
Sold 06/07/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,189
Total Square Footage:4,160 SF
Transaction Type:Sale
The asset involved in this transaction is a single-family home located at 7155 Old Cutler Road in the Coral Gables market. The sale price was $4,950,000, with a total square footage of 4,160, resulting in a price per square foot of $1,189.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,950,000
- Address: 7155 Old Cutler Road
- Market: Coral Gables
- Square Footage: 4,160
- Price Per Square Foot: $1,189
- Buyer: Robert Thorne & Perla Machaen
- Seller: Oliver Caminos
- Seller's Representative: Sam Chute - Chute Real Estate LLC
This transaction involved Robert Thorne and Perla Machaen as the buyers purchasing from seller Oliver Caminos. Sam Chute of Chute Real Estate LLC represented the seller in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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