Updated Sep 5, 2024
Sherry Wilson Of Coldwell Banker Acquires SFR In Miami For $2.65M
$2,650,000
$720/SF
Building Size
3,680 SF
Asset Type
Single Family Residence
Closing
Aug 22, 2023
About this deal
AI
A single-family home in Miami has recently been sold for $2,650,000. The property, with a total area of 3,680 square feet, is located in a desirable market. The transaction took place on 08/22/2023, with the buyer represented by Sherry Wilson from Coldwell Banker and the seller represented by Julieta Rial. The asking price for the property was $2,799,000, making the final sale price slightly under the original amount. The price per square foot (PPSF) was calculated to be $720.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $2,650,000
- Market: Miami
- Square Footage: 3,680
- Asking Price: $2,799,000
- Seller's Representative: Julieta Rial
- Buyer's Representative: Sherry Wilson - Coldwell Banker
Sherry Wilson from Coldwell Banker played an instrumental role in representing the buyer during this transaction. This successful deal showcases the expertise and negotiation skills of both the buyer's and seller's representatives. With their support, the property was sold at a competitive price in the Miami market.
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $720 per square foot on a published $2.7M for 3,680 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.99%
Cash-on-Cash
-1.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93