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7711 Southwest 131st Street

Gabriel Cunha Acquires SFR In Pinecrest From Zuhair Ahmad For $2.3M
SOLDSingle Family Residence

Gabriel Cunha Acquires SFR In Pinecrest From Zuhair Ahmad For $2.3M

7711 Southwest 131st Street

$2,305,000

$657/SF

Building Size

3,505 SF

Asset Type

Single Family Residence

Closing

Apr 4, 2022

AI

This is a single-family home located at 7711 SW 131st St in the Pinecrest market. The property was sold on the 4th of May, 2022 for a sale price of $2,305,000. It spans across 3,505 square feet, resulting in a price per square foot of $658. The buyer of the property is Gabriel Cunha, while the seller is Zuhair Ahmad. Barbara Estela from One Sothebys International Realty represented the seller in this transaction.

Summary of transaction details:

  • Property Type: Single-Family Home
  • Transaction Amount: $2,305,000
  • Date: 04/05/2022
  • Address: 7711 SW 131st St
  • Market: Pinecrest
  • Buyer: Gabriel Cunha
  • Seller: Zuhair Ahmad
  • Seller's Representative: Barbara Estela - One Sothebys International Realty
  • Property Size: 3,505 square feet
  • Price per Square Foot: $658

It's worth noting that this home was previously sold less than 3 years ago for $1.1 million less than the current sale price. The Miami market has experienced significant growth, as evidenced by the more than double increase in the property's value.

Players

Barbara Estela

Douglas Elliman

Broker

$8.5M

vol

3 deals

Broker

Pinecrest 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

6.88%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93