Updated Feb 5, 2025
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
About this deal
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:
- Property Type: SFR
- Transaction Amount: $27,000,000
- Seller: Jonathan Jaffe - Lennar Corp. 🏘
- Seller's Representation: Tim Smith - Coldwell Banker
- Buyer's Representation: Susie McKibben - Villa Real Estate
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.
On the Map
$27,000,000
$3,866/SF
Single Family Residence
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Newport Beach 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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93