Updated Nov 20, 2023
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
About this deal
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.
On the Map
$13,000,000
$2,246/SF
Single Family
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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