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Newport Beach, California, ...

Jonathan Jaffe's SFR In Lower Newport Bay Sold For $27M With Buyer's Rep Susie McKibben & Seller's Rep Tim Smith
SOLDSingle Family Residence

Jonathan Jaffe's SFR In Lower Newport Bay Sold For $27M With Buyer's Rep Susie McKibben & Seller's Rep Tim Smith

Newport Beach, California, United States

$27,000,000

$3,866/SF

Building Size

6,984 SF

Asset Type

Single Family Residence

Closing

Feb 15, 2022

AI

The property involved in this closed transaction is a Single Family Residence (SFR) located in the Lower Newport Bay market. The property measures approximately 6,000 square feet and was sold for a total price of $27,000,000, which translates to a price per square foot of $4,500.

Summary of transaction details:

The seller, Jonathan Jaffe, represents Lennar Corp., while the buyer was represented by Susie McKibben from Villa Real Estate. Tim Smith from Coldwell Banker acted as the seller's representative in this transaction.

Players

Tim Smith

Coldwell Banker

Broker

$173.9M

vol

6 deals

Broker
Lennar
LennarSeller
Lennar
LennarLender

Newport Beach Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93