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Eric & Michelle Marechelle Purchase Single Family Home From Fern & Ron Rosen For $4.5M

Property Image
SOLD
$4,500,000

Florida

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Single Family Residence3,934 SF
Sold 06/26/2024
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Property Image
SOLD

Eric & Michelle Marechelle Purchase Single Family Home From Fern & Ron Rosen For $4.5M

9650 Southwest 62nd Court

See Similar Deals
Single Family Residence3,934 SF
Sold 06/26/2024
the dealplayerscompscontact
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Summary

FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$1,143
Total Square Footage:3,934 SF
Transaction Type:Sale

9650 Southwest 62nd Court is a single-family home located in the Pinecrest market. The property sold for $4,500,000, featuring a total square footage of 3,934. The price per square foot for the transaction was $1,143.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $4,500,000
  • Buyer: Eric & Michelle Marechelle
  • Seller: Fern & Ron Rosen
  • Broker: Ali Seid - Compass
  • Date of Sale: 06/26/2024

The transaction involved Eric & Michelle Marechelle as the buyers, while Fern & Ron Rosen were the sellers. Ali Seid from Compass represented the buyers in this closed transaction.

Players

Ali Seid
Compass
Ali Seid
9 deals$34.4M volume(917) 767-4683
BROKER

Details

SOLD
IMAGE: Ali Seid DATE: 06/26/2024 ADDRESS: 9650 Southwest 62nd Court MARKET: Pinecrest ASSET TYPE: Single Family BUYER: Eric & Michelle Marechelle SELLER: Fern & Ron Rosen BROKER: Ali Seid (@AliSamekSeid) - Compass (@Compass) SALE PRICE: $4,500,000 SF: 3,934 ~ PPSF: $1,143

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55