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1015 E Mountain Dr, Monteci...

Scott Casto's Pondera Holdings Acquires SFR In Montecito From Rob & Monica Allyn
SOLDSingle Family Residence

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

Dusty Baker

Broker

$75.6M

vol

3 deals

Broker

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