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Charles Rutenberg Acquires SFR In North Bay Village For $3.85M With Buyer's Rep Wendy Sanchez & Seller's Rep Nicolas Boucher

Property Image
SOLD
$3,850,000

Florida

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Single Family Residence4,199 SF
Sold 02/23/2021
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Property Image
SOLD

Charles Rutenberg Acquires SFR In North Bay Village For $3.85M With Buyer's Rep Wendy Sanchez & Seller's Rep Nicolas Boucher

7504 West Treasure Drive, North Bay Village, FL, USA

See Similar Deals
Single Family Residence4,199 SF
Sold 02/23/2021
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$916
Total Square Footage:4,199 SF
Transaction Type:Sale

Located in North Bay Village, this single-family residence at 7504 W Treasure Dr was recently sold in a closed transaction. The property, with a total area of 4,199 square feet, was listed with an asking price of $3,975,000. After negotiations, the sale was finalized at $3,850,000, resulting in a price per square foot of $917.

Summary of transaction details

  • Property Type: Single Family Residence (SFR)
  • Transaction Amount: $3,850,000
  • Address: 7504 W Treasure Dr
  • Market: North Bay Village

The buyer's representative in this transaction was Wendy Sanchez from Charles Rutenberg, while Nicolas Boucher from BHHS EWM Realty represented the seller. These individuals played pivotal roles in facilitating the successful sale of the property.

Players

Nicolas Boucher
1 deal$3.9M volume
BROKER

Wendy Sanchez
Charles Rutenberg Realty
13 deals$55.1M volume
BROKER

Details

SOLD
IMAGE: Wendy Sanchez & Nicolas Boucher DATE: 02/23/2021 ADDRESS: 7504 W Treasure Dr MARKET: North Bay Village ASSET TYPE: SFR BUYER'S REP: Wendy Sanchez - Charles Rutenberg SELLER'S REP: Nicolas Boucher - BHHS EWM Realty ASKING PRICE: $3,975,000 SALE PRICE: $3,850,000 SF: 4,199 ~ PPSF: $917

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,678.25
Cash-on-Cash Return-1.27%
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