Aaron Kirman Group Sells Montecito SFR For $12M
SOLD
$12,000,000
California
See Similar DealsSingle Family Residence54,100 SF
Sold 08/25/2020
SOLD
Aaron Kirman Group Sells Montecito SFR For $12M
1642 Moore Rd, Montecito, CA 93108, USA
See Similar DealsSingle Family Residence54,100 SF
Sold 08/25/2020
Summary
CALIFORNIA
Asset Type:Single Family Residence
Price Per Square Foot:$221
Total Square Footage:54,100 SF
Transaction Type:Sale
The Tremaine House, located at 1642 Moore Road in Montecito, has been sold in a recent transaction for $12,000,000. This single-family residential property spans across 5,410 square feet and was sold at a price per square foot of $2,218.
Summary of transation details
- Property Type: SFR
- Transaction Amount: $12,000,000
- Address: 1642 Moore Road
- Market: Montecito
The deal was facilitated by the Aaron Kirman Group, with Aaron Kirman, Weston Littlefield, and Dalton Gomez representing the parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$640,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$42,633.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$56,886.12
Annual Debt Service$682,633.47
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