Updated Oct 28, 2024
Seadrift LLC Acquires Stinson Beach Single Family Home For $12M
234 Seadrift Road, Stinson Beach, California 94970, United States
$12,000,000
$8,571/SF
Building Size
1,400 SF
Asset Type
Single Family Residence
Closing
Aug 24, 2022
About this deal
AI
A single-family home located at 234 Seadrift Road in Stinson Beach has been sold for $12,000,000. The property spans 1,400 square feet and was sold by Roy & Patricia Shimek, owners of the Divisadero Touchless Car Wash. The sale price translates to a price per square foot of $8,571.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $12,000,000
- Address: 234 Seadrift Road, Stinson Beach
- Square Footage: 1,400
- Price per Square Foot: $8,571
- Seller: Roy & Patricia Shimek - Divisadero Touchless Car Wash
- Buyer: Seadrift LLC
The buyers, Seadrift LLC, acquired the property from Roy & Patricia Shimek. The Shimeks are the owners of the Divisadero Touchless Car Wash. This transaction marks a significant sale in the Stinson Beach market, highlighting the desirability of the area for single-family homes.
Players
Stinson Beach 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
1.32%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93