Updated Dec 19, 2023
Philippe Laffont Acquires SFR In Santa Barbara For $11.7M
1530 Mimosa Ln, Montecito, Santa Barbara, CA, USA
$11,700,000
$1,902/SF
Building Size
6,151 SF
Asset Type
Single Family Residence
Closing
Mar 14, 2021
About this deal
AI
A single-family home located at 1530 Mimosa Ln in Santa Barbara was recently sold in a closed transaction. The property spans over 6,151 square feet and features a spacious layout. The sale was completed on 03/15/2021 with a sale price of $11,700,000, resulting in a price per square foot of $1,902. The property is situated in the Santa Barbara market, known for its desirable real estate offerings.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $11,700,000
- Address: 1530 Mimosa Ln, Santa Barbara
- Market: Santa Barbara
- Buyer: Philippe Laffont
- Brokers: Daniel Encell & Nancy Kogevinas - Berkshire Hathaway HomeServices
This transaction was notable due to the involvement of key individuals and companies. The buyer of the property was Philippe Laffont. Representing the buyer in this deal were Daniel Encell and Nancy Kogevinas from Berkshire Hathaway HomeServices. Their expertise in the Santa Barbara market contributed to the successful completion of the sale. The collaboration between the buyer, Philippe Laffont, and the brokers, Daniel Encell and Nancy Kogevinas, ensured a smooth transaction process.
Santa Barbara Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.9K per square foot on a published $11.7M for 6,151 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.36%
Cash-on-Cash
-0.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93