Updated Dec 19, 2023
James Wang & Pei Hwa Wang Acquire Larkspur SFR For $3.75M
29 Drakes Cove Court, Larkspur, California 94939, United States
$3,750,000
$942/SF
Building Size
3,979 SF
Asset Type
Single Family Residence
Closing
Mar 28, 2022
About this deal
AI
A single-family residence located at 29 Drakes Cove Ct. in Larkspur, Marin County has been sold for a record-breaking price. The transaction took place on 03/29/2022. The property spans 3,979 square feet and was sold for $3,750,000, making the price per square foot $942. This sale represents the highest per square foot sale in Drake's Cove's history in Larkspur, CA.
Summary of Transaction Details
- Property Type: Single-Family Residence
- Transaction Amount: $3,750,000
- Address: 29 Drakes Cove Ct.
- Market: Larkspur, Marin County
The buyers of the property are James Wang and Pei Hwa Wang. They made the purchase through the assistance of Payam Ghafoori from Compass. Payam Ghafoori is known for his record-breaking sales and has achieved notable successes in the real estate game. In addition to this sale, he has previously sold the most expensive home in Kentfield, CA for $16 million and the largest estate in Truckee, CA, which spans 15,866 square feet across 20 acres. For all your real estate needs, you can contact Payam Ghafoori.
Players
Larkspur 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
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93