Carolyn B Harris Acquires Coral Gables Single Family Home For $3.35M
5865 Magnolia Ln
$3,350,000
$535/SF
Building Size
6,255 SF
Asset Type
Single Family
Closing
Jan 16, 2024
AI
The single-family home located at 5865 Magnolia Lane in Coral Gables has been sold for $3,350,000. The property spans 6,255 square feet, resulting in a price per square foot of $536. The transaction took place on January 16, 2024.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,350,000
- Address: 5865 Magnolia Lane
- Market: Coral Gables
- Buyer: Carolyn B Harris
- Brokers: Andy Daro & Sophia Robyn - Compass
Representing the buyer and seller respectively, Andy Daro and Sophia Robyn from Compass facilitated the deal. Their expertise and guidance ensured a smooth transaction for both parties involved.
Players
Miami Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93