Carolyn B Harris Acquires Coral Gables Single Family Home For $3.35M
SOLD
$3,350,000
Florida
See Similar DealsSingle Family6,255 SF
Sold 01/16/2024
SOLD
Carolyn B Harris Acquires Coral Gables Single Family Home For $3.35M
5865 Magnolia Ln
See Similar DealsSingle Family6,255 SF
Sold 01/16/2024
Summary
FLORIDA
Asset Type:Single Family
Price Per Square Foot:$535
Total Square Footage:6,255 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$178,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,901.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,880.71
Annual Debt Service$190,568.51
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