Updated Dec 10, 2024
Karen Valladao Purchases Newly Remodeled Hillsborough Home From Michael Kao For $18.8 Million
760 Chiltern Road
$18,800,000
$2,473/SF
Building Size
7,600 SF
Asset Type
Single Family
Closing
Dec 2, 2024
About this deal
AI
A San Jose-based LLC tied to CPA Karen Valladao purchased a newly remodeled house located at 760 Chiltern Road in Hillsborough, featuring five bedrooms, seven bathrooms, and luxury amenities. The single-family property spans 7,600 square feet on a 1.1-acre lot and was sold for $18.8 million.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $18,800,000
- Address: 760 Chiltern Road
- Market: Hillsborough
- Asset Size: 7,600 square feet
- Price Per Square Foot: $2,474
- Buyer: Karen Valladao - Rimerman & Company
- Seller: Michael Kao - Mak Studio
- Buyer’s Representative: Phil Chen - Christie's International Real Estate
- Seller’s Representative: Keri Nicholas - Parc Agency
The property, originally a 1950s structure, was renovated into a modern farmhouse-style house, designed by architect Michael Kao. The transaction involved notable individuals and companies representing both the buyer and the seller, further emphasizing the professional landscape surrounding the deal.
Players
Hillsborough Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $18.8M for 7,600 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.84%
Cash-on-Cash
-0.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93