Graham Duncan Acquires Montecito SFR For $19.4M From Seller Lisa Hearst Hagerman
SOLD
$19,400,000
California
See Similar DealsSingle Family Residence9,991 SF
Sold 03/18/2021
SOLD
Graham Duncan Acquires Montecito SFR For $19.4M From Seller Lisa Hearst Hagerman
1630 E Mountain Dr, Montecito, CA, USA
See Similar DealsSingle Family Residence9,991 SF
Sold 03/18/2021
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$1,941
Total Square Footage:9,991 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,034,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$68,924.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$91,965.90
Annual Debt Service$1,103,590.77
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