Updated Dec 21, 2023
Sierra Madre Mid-Century Modern Home Sells For $5.5M In Highest Residential Sale Of Last 20 Years By John A. Gougeon
1935 Stonehouse Road
$5,488,000
$810/SF
Building Size
6,769 SF
Asset Type
Single Family Residence
Closing
May 4, 2023
About this deal
AI
A mid-century modern home in Sierra Madre, designed by minimalist architect John A. Gougeon, has sold for $5.488 million, a million over its asking price and the highest residential sale in the area in the last 20 years. The property, located at 1935 Stonehouse Road, sits on 2.6 acres and spans 6,769 square feet. It features five bedrooms, five bathrooms, a floating sculptural wood staircase, and offers expansive hilltop views. The home is described as being "original to the architect’s vision in nearly every way."
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $5,488,000
- Market: Sierra Madre
- Address: 1935 Stonehouse Road
- Asset Type: Single Family
- Acres: 2.6
The sale of this mid-century modern home was facilitated by the real estate team comprised of Greg Krappman, Sarah Rogers, and Ashleigh Rader, who are affiliated with The Agency. Their expertise and negotiation skills helped secure a sale price that exceeded the property's initial asking price, making it the highest residential sale in Sierra Madre in the last two decades.
Players
Sierra Madre Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $810 per square foot on a published $5.5M for 6,769 square feet (2023).
Browse Sierra Madre single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.89%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93