Rob Lowe & Sheryl Berkoff Acquire Montecito SFR For $13M
Montecito, CA, USA
$13,000,000
$2,246/SF
Building Size
5,788 SF
Asset Type
Single Family
Closing
Dec 7, 2020
AI
A Single Family Residence (SFR) located in Montecito has been sold for a transaction amount of $13,000,000. The property spans over 5,788 square feet, resulting in a price per square foot of $2,246. The sale of this property took place on December 7, 2020.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $13,000,000
- Square Footage: 5,788
- Price per Square Foot: $2,246
- Market: Montecito
Rob Lowe and Sheryl Berkoff were the buyers of this property. Representing them in this transaction was Nancy Kogevinas from Berkshire Hathaway HomeServices.
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
1.22%
Cash-on-Cash
-0.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93