Shelton Wilder Sells Pacific Palisades SFR For $6.4M, $1.6M Over Ask Price
561 North Mount Holyoke Avenue
$6,400,000
$2,661/SF
Building Size
2,405 SF
Asset Type
Single Family Residence
Closing
Aug 2, 2022
AI
A single-family home situated at 561 N. Mt. Holyoke Ave. in Pacific Palisades has been sold in a recent transaction. The property was listed for sale with an asking price of $4,800,000, but it ultimately sold for $6,400,000. This indicates a sale price that was $1,600,000 over the initial asking price. The transaction was highly competitive, attracting multiple offers and driving up the final sale price.
Summary of transaction details
- Property Type: Single-Family Home
- Sale Price: $6,400,000
- Square Footage: 2,405
- Price Per Square Foot: $2,661
- Address: 561 N. Mt. Holyoke Ave., Pacific Palisades
The deal was facilitated by Shelton Wilder from Sotheby's International Realty, who acted as the broker representing the seller in the transaction. With her expertise and negotiation skills, Wilder successfully closed the deal at a price significantly higher than the initial asking amount. The buyer, however, remains undisclosed.
Los Angeles 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
2.48%
Cash-on-Cash
-0.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93