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Montecito, CA, USA

Ellen DeGeneres & Portia De Rossi Acquire Montecito SFR For $2.9M
SOLDSingle Family

Ellen DeGeneres & Portia De Rossi Acquire Montecito SFR For $2.9M

Montecito, CA, USA

$2,900,000

$1,715/SF

Building Size

1,691 SF

Asset Type

Single Family

Closing

Jul 17, 2023

AI

Portia de Rossi and Ellen DeGeneres have recently completed a property transaction in Montecito. The asset involved in this transaction is a single-family home (SFR) with a sale price of $2,900,000. The property spans 1,691 square feet, resulting in a price per square foot (PPSF) of $1,714.

Summary of transaction details:

  • Property Type: Single-Family Home (SFR)
  • Transaction Amount: $2,900,000
  • Square footage: 1,691 sq ft
  • Price per square foot: $1,714
  • Market: Montecito
  • Buyer: Ellen DeGeneres & Portia de Rossi
  • Brokers: Nancy Kogevinas - Berkshire Hathaway; Riskin Partners Group - Village Properties

This transaction involved notable individuals, namely Ellen DeGeneres and Portia de Rossi. Nancy Kogevinas from Berkshire Hathaway and the Riskin Partners Group from Village Properties acted as brokers in this deal.

Players

Nancy Kogevinas

Broker

$148.6M

vol

9 deals

Broker

Kansas City 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

5.47%

Cash-on-Cash

-1.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93