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851 Buena Vista Dr, Monteci...

Daniel Starr Acquires Montecito SFR For $13.3M From Seller Mark Stad
SOLDSingle Family Residence

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

Eric Haskell

The Agency

Broker

$84.1M

vol

6 deals

Broker

Daniel Starr

Buyer

$38.3M

vol

2 deals

Buyer

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