Updated Dec 20, 2023
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
About this deal
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.
On the Map
$6,800,000
$909/SF
Single Family Residence
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Players
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