Updated Oct 29, 2024
Nick Swinmurn's Zappos Acquires Montecito SRF For $8.6M
313 San Ysidro Rd, Montecito
$8,600,000
$1,675/SF
Building Size
5,133 SF
Asset Type
Single Family Residence
Closing
Mar 20, 2021
About this deal
AI
A property transaction took place in Montecito with the address of 313 San Ysidro Rd. The property is a single-family residence with a total square footage of 5,133. The transaction occurred on 03/21/2021. The buyer of the property is Nick Swinmurn, who is affiliated with Zappos. The deal was facilitated by Josiah Hamilton from Berkshire Hathaway HomeServices. The sale price for the property was $8,600,000, resulting in a price per square foot of $1,675.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $8,600,000
- Date: 03/21/2021
- Address: 313 San Ysidro Rd.
- Market: Montecito
- Buyer: Nick Swinmurn - Zappos
- Broker: Josiah Hamilton - Berkshire Hathaway HomeServices
- Square Footage: 5,133
- Price per Square Foot: $1,675
The buyer of the property, Nick Swinmurn, is associated with the popular online retailer Zappos. Assisting in the transaction was Josiah Hamilton from Berkshire Hathaway HomeServices. The deal was successfully completed, resulting in the sale of the property for $8,600,000 at a price per square foot of $1,675.
Santa Barbara Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $1.7K per square foot on a published $8.6M for 5,133 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.84%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93