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29 Drakes Cove Court, Larks...

Updated Dec 19, 2023

James Wang & Pei Hwa Wang Acquire Larkspur SFR For $3.75M
SOLDSingle Family Residence

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

Payam Ghafoori

Compass

Broker

$66.2M

vol

6 deals

Broker

Larkspur Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $942 per square foot on a published $3.8M for 3,979 square feet (2022).

Visit Payam Ghafoori to view all their deals.

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

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