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Carolyn & Nancy Batchelor - Compass Close $7.5M Single Family Deal

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SOLD
$7,500,000

Florida

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Single Family4,026 SF
Sold 06/17/2024
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Property Image
SOLD

Carolyn & Nancy Batchelor - Compass Close $7.5M Single Family Deal

5450 Banyan Drive

See Similar Deals
Single Family4,026 SF
Sold 06/17/2024
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Summary

FLORIDA
Asset Type:Single Family
Price Per Square Foot:$1,862
Total Square Footage:4,026 SF
Transaction Type:Sale

The Single Family property located at 5450 Banyan Drive in Coral Gables was sold for $7,500,000. The transaction took place on 06/17/2024, with Carolyn Batchelor & Nancy Batchelor of Compass representing the buyer, Carlos Santiago, as the seller. The property spans 4,026 square feet, resulting in a price per square foot of $1,863.

Summary of transaction details:

  • Property Type: Single Family
  • Transaction Amount: $7,500,000
  • Address: 5450 Banyan Drive
  • Market: Coral Gables
  • Square Footage: 4,026
  • Seller: Carlos Santiago
  • Buyer's Rep: Carolyn Batchelor & Nancy Batchelor - Compass

Carolyn Batchelor & Nancy Batchelor from Compass served as the buyer's representatives in the sale of this property. The deal was finalized at the asking price of $7,500,000, reflecting a price per square foot of $1,863. This transaction showcases the key roles played by the parties involved in the successful sale of the Single Family asset in Coral Gables.

Players

Nancy Batchelor
52 deals$355.5M volume(305) 903-2850
BROKER

Carolyn Batchelor
Compass
9 deals$25M volume(305) 989-6959
BROKER

Details

SOLD
IMAGE: Carolyn Batchelor & Nancy Batchelor DATE: 06/17/2024 ADDRESS: 5450 Banyan Drive MARKET: Coral Gables ASSET TYPE: Single Family SELLER: Carlos Santiago BUYER'S REP: Carolyn Batchelor (@CBatchelorrealestate) & Nancy Batchelor (@NancyBatchelorteam) - Compass (@Compass) ASKING PRICE: $7,500,000 SALE PRICE: $7,500,000 SF: 4,026 ~ PPSF: $1,863

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

$400,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$26,645.91
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,553.83
Annual Debt Service$426,645.92