Graham Duncan Acquires Montecito SFR For $19.4M From Seller Lisa Hearst Hagerman
1630 E Mountain Dr, Montecito, CA, USA
$19,400,000
$1,941/SF
Building Size
9,991 SF
Asset Type
Single Family Residence
Closing
Mar 17, 2021
AI
1630 E. Mountain Dr. in Montecito has been sold for $19,400,000. This single-family residential property spans 9,991 square feet, resulting in a price per square foot of $1,941. The sale took place on 03/18/2021.
Summary of transaction details:
- Property Type: SFR
- Transaction Amount: $19,400,000
- Address: 1630 E. Mountain Dr.
- Market: Montecito
Graham Duncan acquired the property from Lisa Hearst Hagerman. The purchase was facilitated by Cristal Clarke from Berkshire Hathaway.
Santa Barbara Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.82%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93