Updated Oct 29, 2024
Angelica Kauffman Acquires Woodside Estate In All-Cash Deal For $16M
205 Winding Way Woodside, Ca 94062, Usa
$16,000,000
$9,756/SF
Building Size
1,640 SF
Asset Type
Single Family Residence
Closing
Apr 20, 2023
About this deal
AI
Angelica Kauffman and Joe Kauffman, from Credit Karma, have purchased the Woodside estate located at 205 Winding Way in Woodside, in a cash deal. The property, previously owned by Paul "Red" Fay Jr., was sold for $16 million below the asking price of $22 million. This 4-acre estate includes a 1920s vintage ranch home, a caretaker cottage, a pool, a tennis court, and a sports court.
Summary of transation details
- Property Type: Single Family
- Transaction Amount: $16,000,000
- Address: 205 Winding Way
- Market: Woodside
- Acres: 4
Scott Dancer, from Compass, represented the buyers, Angelica Kauffman and Joe Kauffman, in this transaction.
It is worth mentioning that this property had not been traded for over 65 years, which adds to its historical significance. The buyers were able to negotiate a significant discount, purchasing it for $6 million below the original asking price. The transaction was finalized in an all-cash deal.
Players
Los Angeles Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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About $9.8K per square foot on a published $16M for 1,640 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93