Updated Oct 28, 2024
E-TEK Dynamics Sells Monterey County SFR For $32.7M With Nicholas Glaser & Canning Properties As Brokers
3398 17 Mile Drive, Pebble Beach, Monterey County, CA, USA
$32,690,000
$3,269/SF
Building Size
10,000 SF
Asset Type
Single Family Residence
Closing
Jul 29, 2020
About this deal
AI
Located in Monterey County, the property at 3398 17 Mile Drive was recently sold in a closed transaction. The single-family residence spans approximately 10,000 square feet and boasts a sale price of $32,690,000, resulting in a price per square foot of $3,269. The sale took place on July 29, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $32,690,000
- Address: 3398 17 Mile Drive
- Market: Monterey County
The seller, Michael Fitzpatrick, represented by E-TEK Dynamics, successfully closed the deal. Nicholas Glaser and Canning Properties, affiliated with Sotheby's International Realty Carmel Rancho, served as the brokers in this transaction. Their expertise and negotiation skills facilitated the smooth completion of the sale.
Pebble Beach Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $3.3K per square foot on a published $32.7M for 10,000 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.49%
Cash-on-Cash
-0.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93