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

Property Image
SOLD
$16,300,000
Marsha Kotlyar
Dusty Baker

California

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Single Family Residence12,247 SF
Sold
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Property Image
SOLD

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

1015 E Mountain Dr, Montecito, CA, USA

See Similar Deals
Single Family Residence12,247 SF
Sold
Marsha Kotlyar
Dusty Baker
the dealplayerscompscontact
Contact now

Summary

CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1330
Total Square Footage:12247 SF
Transaction Type:Sale

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
Dusty Baker
3 deals$75.6M volume
BROKER
Marsha Kotlyar
Berkshire Hathaway HomeServices
Marsha Kotlyar
1 deal$16.3M volume
BROKER

Details

SOLD
IMAGE: Dusty Baker, Scott Casto, Rob Allyn & Marsha Kotlyar DATE: 05/26/2021 ADDRESS: 1015 E. Mountain Dr. MARKET: Montecito ASSET TYPE: SFR BUYER: Scott Casto - Pondera Holdings SELLER: Rob & Monica Allyn BROKERS: Marsha Kotlyar - Berkshire Hathaway HomeServices California Properties; Dusty Baker - Sotheby’s International Realty SALE PRICE: $16,300,000 SF: 12,247 ~ PPSF: $1,330

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Deal Type
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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$57,910.46
Cash-on-Cash Return-1.27%
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