Updated Dec 21, 2023
Spencer Gemperle Sells Discovery Bay SFR On Drakes Drive For $1.5M
5742 Drakes Drive, Discovery Bay, CA, USA
$1,500,000
$483/SF
Building Size
3,100 SF
Asset Type
Single Family Residence
Closing
Aug 27, 2021
About this deal
AI
Located at 5742 Drakes Drive in Discovery Bay, this single-family home was recently sold. The property, measuring approximately 3,100 square feet, was listed for sale by Spencer Gemperle. The seller was represented by Michael Rocha from Atlantic Realty. The sale took place on August 27, 2021, with an asking price of $1,550,000. The final sale price was negotiated at $1,500,000, resulting in a price per square foot of $483.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $1,500,000
- Address: 5742 Drakes Drive, Discovery Bay
- Market: Discovery Bay
- Seller: Spencer Gemperle
- Broker: Michael Rocha - Atlantic Realty
This successful transaction was facilitated by Michael Rocha from Atlantic Realty, who represented the seller, Spencer Gemperle. The deal illustrates the value of the property in Discovery Bay and demonstrates the expertise of the involved parties.
Players
Discovery Bay Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $483 per square foot on a published $1.5M for 3,100 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93