Scott Casto's Pondera Holdings Acquires SFR In Montecito From Rob & Monica Allyn
1015 E Mountain Dr, Montecito, CA, USA
$16,300,000
$1,330/SF
Building Size
12,247 SF
Asset Type
Single Family Residence
Closing
May 26, 2020
AI
Located in Montecito, this single-family home at 1015 E. Mountain Dr. has recently been sold in a closed transaction. The property, spanning 12,247 square feet, was purchased for a total price of $16,300,000, resulting in a price per square foot of $1,330. The deal was finalized on May 26, 2021. The seller of the property was Rob and Monica Allyn, while the buyer was Scott Casto representing Pondera Holdings.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,300,000
- Address: 1015 E. Mountain Dr.
- Market: Montecito
The brokers involved in this transaction were Marsha Kotlyar from Berkshire Hathaway HomeServices California Properties and Dusty Baker from Sotheby's International Realty. They represented the buyer and seller respectively, ensuring a successful completion of the deal.
Players
Santa Barbara 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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93