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1935 Stonehouse Road

Updated Dec 21, 2023

SOLDSingle Family Residence

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

Sierra Madre Mid-Century Modern Home bought a home in Sierra Madre for $5.5M in 2023. The full closing is on this page.

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

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