Daniel Starr Acquires Montecito SFR For $13.3M From Seller Mark Stad
851 Buena Vista Dr, Montecito, CA, USA
$13,300,000
$1,093/SF
Building Size
12,168 SF
Asset Type
Single Family Residence
Closing
Mar 15, 2021
AI
A single-family residential property located at 851 Buena Vista Dr. in the Montecito market was recently sold for a price of $13,300,000. The property spans 12,168 square feet, resulting in a price per square foot of $1,093. The transaction occurred on March 16, 2021.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,300,000
- Address: 851 Buena Vista Dr.
- Market: Montecito
The buyer of the property was Daniel Starr, while the seller was Mark Stad. Eric Haskell from The Agency and Gregg Leach from Village Properties represented the parties involved as brokers in this transaction.
Players
Santa Barbara Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.19%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93