Adam Neumann Sells Corte Madera SFR For $22.4M
800 Corte Madera Avenue, Corte Madera, CA, USA
$22,400,000
$1,792/SF
Building Size
12,500 SF
Asset Type
Single Family Residence
Closing
Apr 13, 2021
AI
The single-family residence located at 800 Corte Madera Avenue in Corte Madera has been sold in a recent transaction. The property, owned by Adam Neumann, was sold for a total of $22,400,000. The house spans an area of approximately 12,500 square feet, resulting in a price per square foot of $1,792.
Summary of Transaction Details
- Property Type: SFR
- Date: 04/14/2021
- Address: 800 Corte Madera Avenue, Corte Madera
- Seller: Adam Neumann
- Sale Price: $22,400,000
- Square Footage: 12,500
- Price per Square Foot: $1,792
The sale of this property was finalized on 04/14/2021. Adam Neumann, the seller, successfully closed the transaction, resulting in a significant sale price of $22,400,000. The property, a spacious single-family residence, offers ample space with a square footage of 12,500. With a price per square foot of $1,792, this sale demonstrates the value and desirability of properties in the Corte Madera market.
Players
Corte Madera 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
0.71%
Cash-on-Cash
-0.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93