Updated Sep 9, 2024
Sarah Gore Maiani Sells Santa Barbara Home For $4.75M With Seller's Rep Adam McKaig & Melissa Borders
Santa Barbara
$4,750,000
$1,689/SF
Building Size
2,811 SF
Asset Type
Single Family Residence
Closing
May 30, 2023
About this deal
AI
The single-family property in Santa Barbara, spanning 1.38 acres, was sold for a price of $4,750,000. The residence, owned by Patrick Maiani and Sarah Gore Maiani, features hardwood floors, five bedrooms, a detached guest suite, and a beautifully tiled outdoor patio. The property measures 2,811 square feet, with a price per square foot of $1,690.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,750,000
- Market: Santa Barbara
- Acres: 1.38
The sellers, Patrick Maiani and Sarah Gore Maiani, enlisted the services of Adam McKaig and Melissa Borders from Douglas Elliman as their brokers for the transaction.
It is worth noting that Sarah Gore Maiani, daughter of former Vice President Al Gore, successfully sold her Santa Barbara home for a price of $4.75 million. The property boasts attractive features such as hardwood floors, a detached guest suite, and a beautifully tiled outdoor patio.
Players
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 $4.8M for 2,811 square feet (2023).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.34%
Cash-on-Cash
-0.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93