John Vidalakis Sells Knoll House In Pasadena For $17.5M Under Contract
2 Oak Knoll Terrace
$17,500,000
$536/SF
Building Size
32,644 SF
Asset Type
Single Family
Closing
Jul 10, 2024
AI
A 1916 Colonial Revival estate in Pasadena, known as Knoll House, has gone under contract for $17.5 million after an auction by Concierge Auctions. The property, sold by philanthropist John Vidalakis, features 12,300 square feet of residential space, seven bedrooms, and extensive amenities including a separate 20,500-square-foot gallery space, theater, and wine cellar.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $17,500,000
- Address: 2 Oak Knoll Terrace
- Market: Pasadena
- Square Footage: 32,644
- Price Per Square Foot: $536
Josh Flagg from Compass represented the seller John Vidalakis, while Carol Chua & Darrell Done from Coldwell Banker were also involved as the seller's representatives in the deal.
Players
Pasadena Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.91%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93