Ricardo Romano And Carolina Romano Purchase Single Family Home From Laurence E. Curran III And Sylvia Curran For $4.25M
SOLD
$4,250,000
Florida
See Similar DealsSingle Family Residence7,467 SF
Sold 01/13/2025
SOLD
Ricardo Romano And Carolina Romano Purchase Single Family Home From Laurence E. Curran III And Sylvia Curran For $4.25M
7125 West Lago Drive
See Similar DealsSingle Family Residence7,467 SF
Sold 01/13/2025
Summary
FLORIDA
Asset Type:Single Family Residence
Price Per Square Foot:$569
Total Square Footage:7,467 SF
Transaction Type:Sale
The property located at 7125 West Lago Drive in Coral Gables is a single-family asset that was sold for $4,250,000. It encompasses a total area of 7,467 square feet, resulting in a price per square foot of $569.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,250,000
- Address: 7125 West Lago Drive
- Market: Coral Gables
- Square Footage: 7,467
- Price per Square Foot: $569
- Buyer: Ricardo Romano & Carolina Romano
- Seller: Laurence E. Curran III & Sylvia Curran
- Broker: Lissette Garcia - One Sotheby’s International Realty
The transaction involved buyers Ricardo Romano and Carolina Romano acquiring the property from sellers Laurence E. Curran III and Sylvia Curran. The deal was facilitated by broker Lissette Garcia, who represented the interests of the buyers in this closed transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$226,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,099.35
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,147.17
Annual Debt Service$241,766.02
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