Former Van Halen Bassist Sells Glendora Home For $1.31M
$1,310,000
$611/SF
Building Size
2,142 SF
Asset Type
Single Family Residence
Closing
Aug 25, 2023
AI
Former Van Halen bassist Michael Anthony has sold his Glendora, California home for $1.31 million, surpassing the initial asking price of $1.2 million. The property, situated on approximately 0.31 acres, spans 2,142 square feet. The sale price translates to a per square foot price of $612. Notably, Anthony had purchased the house in 1980 for $180,000 and made around $1.13 million in profit after investing $200,000 in renovations, including upgrades to lighting and the kitchen.
Summary of transaction details
- Property Type: Single-Family Home
- Transaction Amount: $1,310,000
- Market: Glendora
- Square Footage: 2,142
- Price Per Square Foot: $612
- Acres: 0.31
Monica Mao of Compass represented the buyer in the transaction, while Lori Haines of DPP Real Estate served as the seller's representative. The involvement of these seasoned professionals underscores the significance of this deal in the real estate market. With impressive profits made by Michael Anthony, this sale showcases the enduring value of well-maintained properties in Glendora, California.
Players
Market 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
12.11%
Cash-on-Cash
-3.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93