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.
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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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