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8860 Hammock Lake Court, Co...

Blake R. & Monica L. Grossman Acquire SFR In Coral Gables For $6.8M
SOLDSingle Family Residence

Blake R. & Monica L. Grossman Acquire SFR In Coral Gables For $6.8M

8860 Hammock Lake Court, Coral Gables, FL, USA

$6,800,000

$909/SF

Building Size

7,478 SF

Asset Type

Single Family Residence

Closing

Dec 13, 2020

AI

The SFR located at 8860 Hammock Lake Court in Coral Gables has been sold. The transaction took place on 12/14/2020. The property spans across a total area of 7,478 square feet and was sold for a price of $6,800,000, resulting in a price per square foot of $909. The property was previously listed for an asking price of $7,600,000.

Summary of transaction details

  • Property Type: SFR
  • Transaction Amount: $6,800,000
  • Address: 8860 Hammock Lake Court
  • Market: Coral Gables

The buyer of the property is Blake R. & Monica L. Grossman. The seller is Silvia Boschetti of Boschetti Realty Group and Jose Boschetti of BF Group. Silvia Boschetti, from the Boschetti Realty Group, represented the seller in the deal. Veronica Lopez, from First Step Realty Group, represented the buyer in the transaction.

Players

Silvia Boschetti

Broker

$26.7M

vol

3 deals

Broker

Coral Gables 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

2.33%

Cash-on-Cash

-0.67%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93