Rates are on everybody's radar right now. Here are some rate examples from Guy Hamilton at Caliber Funding in Santa Barbara:
Program: High Balance FHA High Balance Conforming
Loan amount $729,500 $625,000
Loan to value up to 96.5% up to 90%
Rate 4.125% (borrower paid MI) 4.50%
Rate 4.500% (lender paid MI) n/a
Points -0- pts -0- pts.
Here is Guy's contact info. Tell him I sent you:
Guy Hamilton
Senior Loan Consultant | NMLS ID# 300950
104 W. Anapamu St. Suite G |Santa Barbara, CA. 93101
Direct: 805-728-9308 | Cell 805-689-4959 |eFax: 855-606-6396
Learn more about Caliber Funding and Apply Online
www.caliberfunding.com/ghamilton
www.caliberfunding.com/ghamiltonNew Listing
825 Fredensborg Canyon, Solvang (2/3 on 1.4 acres) $1,149,000 Recent build from 2006. Knoll top location is less about usable and more about views. When you need to have a view, well, you just do. And a big view like this is not all that easy to find in this price range. So if you need a view like you need air to breath, check it out.
New Listing
924 College Canyon, Solvang (4/6 on 1.22 acres) $1,495,000 Be still my heart! I am in love with this property. I don't even have to see the inside, which is good because right now there are no interior pics. I really don't care because the outside is the classic farmhouse design so many people ask for here. And it's not just your usual predictable farmhouse either. Designed with lots of imagination, varying profiles and good use of elevation. Wraparound porch, salt water pool …. need I say more? While the pricing is at the outer edges of where we expect 1 acre ish to be, the size and design of this one will fetch it. Get this, city water AND a private well plus its even on sewer! The good news just keeps piling up on this one. A very charming and memorable property that is sure to spark the inner romantic in you.
New Listing
3354 Pine, Santa Ynez (3/3 on .21 of an acre) 527K Directly across the street from the elementary school, this home (on the market before as you might remember) has always been so nice and clean and show perfect. There is value in purchasing a home with a long history of good maintenance. Entrance is by long private driveway off of Pine. Seasonal creek is a plus. Bedrooms are all upstairs.
New Listing
3100 Country, Santa Ynez (4/5 on 1 acre) $1,289,000 You may remember this one from before too. On the market before when things weren't so robust, here we see it again in much happier times and at a time when properties like this are in high demand plus it's about 100K less price tag. These big beautiful fully remodeled in town homes are quite attractive right now to the high end buyer who doesn't want to have to take a map and extra water when going into town for groceries. Location on this one for convenience is very good. Does have a French Country twang to it but really you could furnish this one a lot of ways and it would be dynamite. You can see from the aerial that it isn't just the usual "here is the hallway, here are the bedrooms" type floor plan. This one has morphed over time and done well with good planning. Very interesting design with big inviting rooms, good color palette and quality throughout. Again here we are at the upper end of one acre pricing but when you factor in the square footage and quality, it starts to make sense. Not an apples and apples comparison to other one acre properties nearby. A different animal all together.
Price Reduction
689 Rancho Alisal, Solvang (4/5 on .70 of an acre) Was 745K with a new price of 694K. It's always good to try and get in a lower price point when doing a price reduction. You can hopefully capture buyers shopping in the next lower range. In this case, they brought it from the 7's down into the 6's. Smart. This is in the Alisal on leased land. You can buy a property here for hundreds of thousands less than a similar property outside the gates. There are annual land lease payments in here that vary from under 20K to over 30K.
In Escrow
570 Main, Los Alamos (3/2 on .23 of an acre) 450K This is a listing in my own inventory. An extremely special home with so many upgrades, I can't even list them all here. Lovingly cared for, not your typical home in Los Alamos at all. The outdoor kitchen alone outclasses many homes priced over a million. Plug in the 5 star hotel master bathroom and wow! Trendy but solid - not a combination you see every day at this price point. Los Alamos is a rapidly emerging market so good timing before prices go more crazy. I still have one remaining property here which you can see at http://www.494heritage.compriced at 469K.
In Escrow
1619 Refugio, Santa Ynez (4/4 on 5 acres) $1,395,000 While address is Refugio, actual property is well off the main road on a private drive into the Rolling Hills ranchette development. Varied topography with flat where the house is and slope down to the creek and horse pastures. Sweet little barn up top too. Really good views from this knoll top location. In town but rural. Best of both worlds.
In Escrow
243 Valley Dairy, Buellton (4/2 on .15 of an acre) 525K Another Meadowridge home gone! Not on the market long either - 15 days.
In Escrow
428 Farmland, Buellton (3 plus office/2 on .16 of an acre) 469K Meadowridge is apparently the place to be! The last one available, gone! 4 days on market.
In Escrow
3631 Roblar, Santa Ynez (4/4 on 15 acres) $1,600,000 On and off the market for a time, this one above the old Pepper Tree Ranch, of local lore and historical fame and nearby Bridlewood.
In Escrow
2567 Baseline, Ballard (3/2 on .41 of an acre) 569K Flag lot position protects this one from actually being right on Baseline which is a semi busy street. A long time on the market for Ballard School District at 134 days.
Sold
621 Hillside, Solvang (3/3 on .47 of an acre) Listed at 675K and sold final for 660K. I am perfectly serious when I tell you that the master closet in this home rivals the square footage of many guest rooms across the valley. Huge and well done. The kitchen is well designed, opening to the family room. Big long terrace taking in the exceptionally good views from this ridgeline location. This is one of the nicest homes I have seen in Mission Oaks. One of the highest HOA's in the valley at $640 per month but it does pay for a lot. Hazard insurance, earthquake insurance, exterior maintenance, roof, gardener, pool, clubhouse, tennis courts and two security gates.
Sold
6500 Santa Rosa Rd., Buellton (285 acres, land only) Sold off market for $2,400,000. This just for statistical purposes. These two APN's split off from a larger ranch holding. Says own well so quite a score. Two more parcels available.
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Realtor
President SYV Association of Realtors 2013
DRE #01357602
Prudential CA Realty
P.O. Box 778
Los Olivos CA 93441
805.233.6461 efax
805.448.2727 direct
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