Updated Dec 4, 2024
Dr. Calvin Jung Acquires $11.9M Mansion In Houston's River Oaks Country Club Estates
3315 Del Monte Drive
$11,900,000
$950/SF
Building Size
12,519 SF
Asset Type
Single Family
Closing
Dec 22, 2023
About this deal
AI
A plastic surgeon named Dr. Calvin Jung, who is famous for his connection with Drake, has purchased a mansion in Houston's River Oaks Country Club Estates for $11.9 million. The property is located at 3315 Del Monte Drive and sits on 0.52 acres of land. It is a single-family home with a total size of 12,519 square feet. The purchase price translates to approximately $951 per square foot.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $11,900,000
- Address: 3315 Del Monte Drive, Houston
- Market: Houston
- Acres: 0.52
Nancy Almodovar, from Nan & Company Properties, represented the buyer, Dr. Calvin Jung, in this transaction. On the other hand, Robert Bland, from Compass, served as the seller's representative for the deal.
It is worth noting that River Oaks Country Club Estates is considered Houston's premier neighborhood. In fact, eight out of the city's top 10 priciest listings last year were located in this enclave. The purchase made by Dr. Calvin Jung adds to the exclusivity and luxury that characterize this area.
Players
Houston Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
Loading comparables…
Deal FAQ
About $950 per square foot on a published $11.9M for 12,519 square feet (2023).
Visit Nancy Almodovar to view all their deals.
Browse Houston single family sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.33%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93