Updated Oct 28, 2024
Hoop House LLC Acquires SFR In Menlo Park For $15.6M
1290 Bay Laurel Drive, Menlo Park, California 94025, United States
$15,600,000
$2,701/SF
Building Size
5,775 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2022
About this deal
AI
The property at 1290 Bay Laurel Drive in Menlo Park has been sold. The single-family residence (SFR) spans 5,775 square feet and was sold for a price of $15,600,000. The price per square foot (PPSF) for this transaction is $2,413.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $15,600,000
- Address: 1290 Bay Laurel Drive
- Market: Menlo Park
Hoop House LLC acquired the property from Venus Homes, with Jon Venverloh representing the seller. Judy Citron of Compass acted as the seller's representative in the deal.
Players
Menlo Park Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.02%
Cash-on-Cash
-0.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93