Stewart Copeland (The Police) Acquires Montecito SFR For $4.75M
Montecito, CA, USA
$4,750,000
$2,006/SF
Building Size
2,367 SF
Asset Type
Single Family
Closing
Jun 15, 2021
AI
Stewart Copeland, the drummer of the band The Police, has recently purchased a single-family residence (SFR) in Montecito. The transaction took place on June 15, 2021.
Summary of transaction details
- Property Type: Single-Family Residence (SFR)
- Transaction Amount: $4,750,000
- Square Footage: 2,367
- Price Per Square Foot: $2,006
- Market: Montecito
The buyer in this transaction was Stewart Copeland himself. Represented by Nancy Kogevinas from Berkshire Hathaway HomeServices California Properties, Copeland successfully acquired the property at the aforementioned price. The SFR spans across 2,367 square feet and was sold at a price per square foot of $2,006.
Players
Santa Barbara Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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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