7/31 Inventory and Rate Update

Here is your mid week rate update from Guy Rivera at Guarantee Mortgage in Santa Barbara and Solvang. Looks the same to me! The new normal.  Click here.

New Listing

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1180 W. Highway 246, Buellton (3/5 on 62 acres) $1,650,000 And no, I didn't miss the decimal point in the acreage. It actually is 62 acres. That is a lot of dirt to call your own and a really good price for everything here.  Just past the last housing developments as you are heading towards Lompoc yet still in Buellton. Pics of the house look nice inside. Zoned ag preserve, two wells (one ag, one domestic). Guest house and outbuildings. If 20 acres isn't enough and you have been thinking farm, horse ranch or vineyard but don't want to be in the boonies …. well, you might give this one some serious thought. The price is right. I'm liking this property a lot.  

New Listing

1825 Still Meadow, Ballard (3/3 on 3.5 acres) 779K 1960's ranch house on nice flat acreage. Right on the corner of Baseline and Still Meadow. An aerial will show the house nearest the corner of Baseline leaving most of the land available for your hobbies or plenty of room to build a main house farther away from Baseline and make this one your guest unit.  

In Escrow

1210 Deer Trail, Solvang (4/3 on .90 of an acre) 685K On the market 148 days, the price finally got right so this one went too. Started at $779,500. Buyers are really liking these one acre ranchettes in good locations. This one needs to be brought a little more current but the bones are good and the location excellent. Nothing wrong with this property that a good price reduction didn't take care of.  

In Escrow

265 Meadowlark, Santa Ynez (2/3 on 5 acres) $1,395,000 One of my favorite  horse properties. Land all flat and usable but with outstanding horizon views. Flat and views don't always happen together but they do here. House a very fun project in a location that makes an investment totally worth it. Well built barn just far enough away that the flies are way over there but you can still keep an eye on your furry friends. Very well laid out campus.  

In Escrow

3100 Country, Santa Ynez (4/5 on 1 acre) $1,289,500 Very posh and upscale though in town and accessible. It’s a best of both worlds kinda thing. Only on the market 9 days this time around versus 429 days without selling the last time. Wow, am I glad those days are gone.  

Sold

416 Arden, Buellton (3/2 on .16 of an acre) Listed at 530K and sold final for same. In the Oak Creek development, close to school and the 101 in both directions. Commuters love these newer Buellton neighborhoods.  

Sold

195 Meadowlark, Santa Ynez (main house and guest house on 5 acres)  Listed at $907K and sold final for $1,010,000. A long and winding road to closure with multiple cancelled escrows but there were also multiple offers each time it became available. Finally this one stuck. Land mostly flat and usable. Great Meadowlark Ranch location. Main house in good shape, guest unit needed a little spiffing up. All in all, a really good promising property selling for a very fair price.  

Sold

3170 Tejas Canyon, Los Olivos (4/3 on 20 acres) Listed at $1,982,000 and sold final for $1,945,000. On the market 373 days with a high price of $2,095,000.  

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Sharon Currie

Realtor

President SYV Association of Realtors 2013

Author Santa Ynez Valley Real Estate Update

DRE #01357602

Prudential CA Realty

P.O. Box 778

Los Olivos CA 93441

www.sharoncurrie.com

sharon@sharoncurrie.com

805.233.6461 efax

805.448.2727 direct

 

 

7/30 Inventory Update

New Listing

 

3500 Tivola, Santa Ynez (3/2 on .46 of an acre) $579,900 Prior foreclosure picked up by an investor last year and after a bit of time, remodeled to its current state. Daily Insiders will get a bit more intel on this one. Suffice to say at this juncture, what was once an ugly duckling has become a swan. The open floor plan many seek but on a larger lot than you might find in a similar plan in the newer neighborhoods. Normal sale this time around.  

New Listing

2045 Village Lane, Solvang (2/2 condo) 290K Single story condo in a highly desirable end unit location. The nice thing about this development is proximity to everything. Health care? Snap! Grocery store? You can walk there. Natural foods market? No problem. Highway 101 north or south? Practically a straight shot. Pool, beautiful grounds. HOA here is $320 per month including maintenance to the outside of your unit, hazard insurance, landscaping, trash and pool. There is a bit of a hop skip in acquiring this one so please contact me or subscribe to Daily Insider to get more detail.  

New Listing

1576 Oak, Solvang (2/2 condo) $274,400 On the market earlier this year without selling priced at 237K. Went through some repairs etc. and now we see it back on the market at a higher price which does accurately reflect the new pricing demands of today. In fact, it is one of the lowest priced condo's we have on the market right now ….. well actually, it's one of the only condos we have on the market right now. The condo market has been fast and furious. I don't expect that to change any time soon. This model being somewhat of a 3 story unit with garage below, living room and kitchen in the middle and both bedrooms upstairs. Lovely creek side location within easy distance to the village center, PCPA Theatre and an ever increasing number of wine bars, restaurants etc. cropping up in downtown Solvang. Very trendy location.  

New Listing

1505 Alisos, Santa Ynez (multiple residences on 205 acres $14,500,000 In the Happy Canyon area which has the unusual and incredibly advantageous attribute of possessing lots and lots of usable land while still providing outstanding views. A combination of qualities that should not be underestimated nor undervalued. Ag preserve which gives the owner a leg up on reducing their property taxes.  

New Listing

616 Hillside, Solvang (2/2 "home minium" ) 599K Is it a condo? Is it a single family home? Or is it both? I'm voting for the latter. Nice centrally located development with tennis, pool, club house, two security gates and outstanding open space landscaping. Some of these are outright condos. Some are "homes". This is the latter with no common walls but plenty of views and private yard plus a generous 2000 square foot floor plan. HOA fee here is $640 per month which covers hazard insurance plus earthquake insurance, exterior maintenance including roof, landscaping, pool, tennis courts, club house and two security gates. Wow. While a chunk to pay, it does cover a lot, some of which you would have to pay anyway with a single family home.  

Price Reduction

825 Fredensborg Canyon, Solvang (2/3 on 1.4 acres) Was $1,149,000 with a new much lower price of 995K after only 11 days on market. View parcel tucked away for privacy.  

Sold

6700 E. Highway 246, Buellton (manufactured home on 477 acres) Listed at $3,900,000 and sold final for a very close $3,300,000. From a time back when a "ranch" was really a ranch.  Cut in roads like seen in this pic are an overlooked necessity.  Own well. Value in the land. I wonder what will unfold here on this significant chunk of the Central Coast?  

Sold

1619 Refugio, Santa Ynez (4/4 on 5 acres) Listed at $1,395,000 and sold final for $1,325,000. Sold in early 2012 for $1,125,000. View property with a lot of potential.  

Sold

722 Hillside, Solvang (3/2 condo) Listed at 450K and sold final for 425K. Same HOA set up as above in 616 Hillside.  

Sold

2567 Baseline, Ballard (3/2 on .41 of an acre) Listed at 569K and sold final for 550K. Baseline address but off the main road on a flag lot entry in between two other off street lots.  Nice sized yard at almost half an acre.  

**Email me direct for Daily Insider subscription. Get these posts emailed direct to you with private comments and weekly foreclosure reports. 

The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited.

Sharon Currie

Realtor

President SYV Association of Realtors 2013

Author Santa Ynez Valley Real Estate Update

DRE #01357602

Prudential CA Realty

P.O. Box 778

Los Olivos CA 93441

www.sharoncurrie.com

sharon@sharoncurrie.com

805.233.6461 efax

805.448.2727 direct

 

 

7/29 Inventory Update

Something happened yesterday that has never happened to me before. Its highly likely it has never happened to you either. We decided to give Chomp another try so we went for dinner last night. This is very basic casual fair which is nice sometimes and the wine list is very minimal at best. But hey, it's just burgers and fries. You don't expect Melville, Sea Smoke or Bernat right? Its fine. And besides, wine on the Chomp short list is $5 a glass. So, heck, have two glasses. Anyway, I order my Sauvignon Blanc and it comes and all is well. Then, a manager walks up and asks me what I'm drinking, so I tell him. And guess what? He came back with a bottle of the wine I'm drinking and says he noticed I didn't get a full pour and wanted to make sure my glass was full enough. I don't know about you but when out, I'm usually sitting there looking at my glass thinking "is this all I get for 13 bucks"? But no, I'm sitting there looking at my $5 dollar a glass wine, marveling when the guy actually came back and topped off my glass. So, kudo's to Chomp for providing such excellent, attentive and personable staff. And the food was good too. I had the chili - it was great! Where else can you get $5 wine except at home? And a full glass to boot. I'll be going back again.  

This graph sent to me by a reader who is old and wise enough to remember the 80's. Makes griping about 4.5% seem a bit silly doesn't it?

 

New Listing

1695 Monarch, Santa Ynez (main house and guest house on 5 acres) $2,100,000 This one right on the coroner of Baseline and Monarch, I have been seeing the sign for some time, wondering when it was coming on the market. Shielded from Baseline by a big hedge, the house is only minimally visible from the street. Legal second unit/guest house is a nice plus. For purposes of definition, a legal second unit is the only legally rentable type guest unit. They have a special permit, own source of power and can have greater square footage than a typical guest house though this one doesn't at 960 square feet (which is still even so a good size). Land here is all flat and usable. Community water. 

New Listing

504 Myrtle, Solvang (3/3 on .52 of an acre) 795K In the first phase of Skytt Mesa, this one on the perimeter on the mountain side. Generous square footage at almost 2500. Looks like new. Big views on over half an acre. There is an annual fee here exceeding $1000 added to your property tax for landscaping. As the narrative says, this is a short sale.  

New Listing

531 Willow, Buellton (5/4 including detached casita on .19 of an acre) $624,500We haven't seen one of these models come on the market in a while. Detached little single room with full bathroom called a "casita" makes this model sort of special. Makes a nice guest unit, home office, gym, place for older kids or whatever. Three car garage too. There is a lot of space for both humans and their stuff here.

 

Back on the Market

2980 Tall Pine, Santa Ynez (5/5 on 1 acre) $2,200,000 Back on the market after exiting escrow. Luxury estate much like many we have on 20 acres, but on a more manageable 1 acre conveniently located near everything. You can literally walk to El Rancho from here.  

Price Increase

2149 Edison, Santa Ynez (10 acre parcel, land only) Was 875K with a new price of $1,200,000. Own well with high GPM plus holding tank. Other utilities to property line. Shared driveway access of the main road.   

In Escrow

2545 Elk Grove, Solvang (4/3 on 2 acres) $1,195,000 Big home with unusually good views in Santa Ynez Oaks. One of my favorite streets due to privacy and no drive by traffic. A solid house, built to last with a floor plan that lends itself well to morphing over time into what the future says is trendy.  

In Escrow

522 Pine, Solvang (2/1 with studio on .15 of an acre) 395K Fell out just recently and back in again. Daily Insider email recipients will get a little more on this one.  

 

Sold

51 Augusta, Los Alamos (2/3 on 6 acres) Listed at 649K and sold final for 600K. Vintage time warp 1955 condition home with views. Whereas it sounds like 6 acres is a lot, and it is, in this case its mostly vertical with intermittent pockets of usable. In many cases, to get this much view, you have to go up pretty far, sacrificing flat for elevation.  

Sold

811 Coiner, Los Alamos (4/3 on .19 of an acre) Listed at 389K and sold final for 402K. Went in multiple offer. Interesting factoid: in March of last year, listed at  354K, never sold so went off market. A year later, went for much more in multiple offer. What a difference a year makes.  

**Email me direct for Daily Insider subscription. Get these posts emailed direct to you with private comments and weekly foreclosure reports.

The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited.

Sharon Currie

Realtor

President SYV Association of Realtors 2013

Author Santa Ynez Valley Real Estate Update

DRE #01357602

Prudential CA Realty

P.O. Box 778

Los Olivos CA 93441

www.sharoncurrie.com

sharon@sharoncurrie.com

805.233.6461 efax

805.448.2727 direct

7/26 Inventory and Rate Update

Here are your week ending rates from Guy Rivera at Guarantee Mortgage with offices in Santa Barbara and Solvang. Click here. Still good in terms of the new normal.  

Kind of interesting to note that 4 of the 5 properties featured today are retreads. They were on the market in the not too distant past and went off market without selling. Now this time around they went like hot cakes.  

The weekend is upon us. If you need me, I'm here for you. Simply get in touch with me if I can be of service. Otherwise, I'll be back here on Monday with all the news. Have a great weekend. 

 

Price Reduction

2831 Alta, Los Olivos (4/3 plus office on .19 of an acre) Was 649K with a new price of 625K. This is a listing in my own inventory. Great location within walking distance of the flag pole, town center and the elementary school. With some remodel over time, check out the huge added master upstairs plus another master down stairs. What a fun kitchen with tons of work and storage space. Big and warm formal dining . This is a great price for over 2600 square feet. Indeed, finding in town properties in LO with this much square footage is hard. Small farm like backyard complete with sunflowers and a pet blue jay that swoops in for nuts if you ring a bell. How is that for a unique feature? This is a short sale requiring the approval of lenders involved. Motivated seller wants to see an offer.  

In Escrow

1525 N. Refugio, Santa Ynez (3/3 on 2.6 acres) 795K Fine in its current casual ranch house motif, give it an update centered face lift or morph it into a show place.  Either way, it’s a good property. Love the big covered porch. Acreage mostly flat and usable. City water here. Was on the market back in 2011 for 850K and went off market without selling. This time around, sold in a fairly short amount of time at 43 days.  

Sold

2730 San Marcos, Los Olivos (4/3 on .17 of an acre) Listed at 639K and sold final for 615K.  In 2011 this property was on the market at 599K and didn't sell. Now we see it fetching a higher price. Even so, 78 days on market is a long time for Los Olivos. I really like this street and have sold several houses on this particular block. Fun neighbors and close enough to the village to stroll in for a bite.  

Sold

2860 Long Canyon, Santa Ynez (main house plus guest house on 9 acres) Listed at 795K and sold final for 705K. And before your jaw hits the floor and you incur an unnecessary dental bill, please know this property required a tremendous amount of repair. Sold for essentially lot value with some improvements. Land is mostly very steep but excellent panoramic views from the ridge top. On the market since 2012 with an original price of 895K.  This was a normal sale.  

Sold

1709 Odin, Solvang (4/3 on .33 of an acre) "Listed" at 799K and sold final for 749K. This one not actually on the market. Was not on our MLS of late but we did see it back in 2012 when it was for sale price at 699K and didn't find a buyer at that time. You can click here to see the old listing and interior pics. The sale was entered today for statistical purposes only. In reality, sold off market quietly between the two parties.  

**Email me direct for Daily Insider subscription. Get these posts emailed direct to you with private comments and weekly foreclosure reports. 

The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited.

Sharon Currie

Realtor

President SYV Association of Realtors 2013

Author Santa Ynez Valley Real Estate Update

DRE #01357602

Prudential CA Realty

P.O. Box 778

Los Olivos CA 93441

www.sharoncurrie.com

sharon@sharoncurrie.com

805.233.6461 efax

805.448.2727 direct

 

 

 

 

 

 

 

7/25 Inventory Update

If you weren't here today, you missed one fantastic day. Made to order July day in the Santa Ynez Valley. And what a growing season we have had this year. We can grow so much here, it constantly amazes me. For those of you considering a sustainable living farm, this appears to be the happy place for flora, fauna and edibles.  

In Escrow

3395 Sagunto, Santa Ynez (4/3 on .25 of an acre)  675K So not surprised! I have no idea why it lasted as long as 25 days. This is a gorgeous turnkey property. As I have reviewed here before, this home is in tip top condition and has a super cool floor plan, huge ceilings and loads of natural light. Designed for today's lifestyle with open concept but wisely, a lower light media room. Smart. Trendy without being too unconventional. Love it. I guess somebody else does too!  

Sold

505 Meadow View, Buellton (4/2 on .23 of an acre) Listed at 555K and sold final for 545K. Yeeehaw! The first we have seen in Meadowridge over 500K in a long time and even at that, it went well over 500K. Nobody is happier about that than other Meadowridge home owners. As I have been saying - these homes are undervalued. Newer construction, well built, pride of ownership neighborhood. Nice to see one go out closer to what I think they are worth. This particular one with a big view and location at the entrance to the park and south facing. Also has one serious kitchen - this kitchen was put together by someone who knows how to cook and doesn't mess around.  

Sold

645 Floral, Solvang (2/2 condo) Listed at 279K and sold in overbid for 301K. Lots of heated bidding on this one and for good reason. 279K was a major deal but competition bid it up to its real value. Investor flip, bought out of foreclosure back in April for $196,500.  That’s a nice profit.  

**Email me direct for Daily Insider subscription. Get these posts emailed direct to you with private comments and weekly foreclosure reports. 

The information contained in this email is confidential information only intended for the use of the individual or entity named. If the message has been delivered to a person who is not the intended recipient or an agent responsible for delivering it to the intended recipient, you are hereby notified that any unauthorized use, dissemination, distribution or copy of this communication is strictly prohibited. 

Sharon Currie

Realtor

President SYV Association of Realtors 2013

Author Santa Ynez Valley Real Estate Update

DRE #01357602

Prudential CA Realty

P.O. Box 778

Los Olivos CA 93441

www.sharoncurrie.com

sharon@sharoncurrie.com

805.233.6461 efax

805.448.2727 direct