Santa Barbara Independent Real Estate 6/29/23

3675 FOOTHILL RD, CARPINTERIA

3BD/4BA; ±29 acres • $20,500,000

Yolanda Van Wingerden, 805.570.4965

LIC# 01308141

2685 MEMORY LN, SANTA BARBARA

3BD/2BA • $3,275,000

Kevin Schmidtchen, 805.689.6877

LIC# 01316975

780

3BD/2BA • $995,000

Laura Drammer, 805.448.7500

LIC# 01209580

5208 CASITAS PASS RD, VENTURA

±30 acs w/ 1BD/1BA cabin • $4,000,000

Yolanda Van Wingerden, 805.570.4965

LIC# 01308141

1867 RINGSTED DR, SANTA YNEZ

3BD/3BA; ±1.14 acres • $1,995,000

Laura Drammer, 805.448.7500

LIC# 01209580

1672 EUCALYPTUS DR #B, SOLVANG

2BD/2BA • $605,000

Laura Drammer, 805.448.7500

LIC# 01209580

obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

© 2023 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is

SHAW ST, LOS ALAMOS

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES

is pleased to congratulate

CRISTAL CLARKE

on the successful representation of the seller and buyer at 901 Picacho Ln., Listed for $9,875,000. and the buyer of 2005 Birnam Wood Dr., Listed for $6,950,000.

CRISTAL CLARKE 805.886.9378

Cristal@Montecito-Estate.com

Montecito-Estate.com

LIC 00968247

KATHLEEN WINTER

on the successful representation of the seller at 5205 Austin Road, Listed for $9,750,000.

KEN SWITZER

on the successful representation of the buyer at 5205 Austin Road, Listed for $9,750,000.

KATHLEEN WINTER 805.451.4663

Kathy@KathyWinter.com

LIC 01022891

ROSE LIZARDI & DANIEL ENCELL

on the successful representation of the seller at 3620 Campanil Drive, Listed for $6,950,000.

ROSE LIZARDI & DAN ENCELL 805-879-8007 / 805.565.4896

RoseLizardi@bhhscal.com

DanEncell@aol.com

DanEncell.com

LIC 02107492 / 00976141

KEN SWITZER 805.680.4622

KSwitzer@bhhscal.com

LIC 01245644

CHASE ENRIGHT

on the successful representation of the buyer of 802 Oak Grove Drive., Listed for $3,795,000.

CHASE ENRIGHT

805.708.4057

ChaseEnright@bhhscal.com

www.Chase-Enright.com

LIC# 01800599

TAKE A TOUR TODAY at bhhscalifornia.com

obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

© 2023 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property.

is

We’re Halfway There…

We’re at what sports enthusiasts call HALFTIME in our current year. It’s June, and that means we’re inching closer to 2024! As most people can relate, we often have attachment and meaning to certain months for certain milestones and events. Birthdays, anniversaries, work milestones, beginnings, endings, and many other things. I’d like to claim June as a midway goal-checking month! June is an excellent time to reflect on and revamp your goals to stay in alignment with what you intended to do at the beginning of the year.

SIMPLY 805

members and create a six-month plan to get everyone back on the same page and pointed in the same direction. This regrouping can inspire both on an organizational level and individually.

You might be thinking what goals? Did I set goals at the beginning of the year? Maybe you did; maybe you didn’t.

If you did, I encourage you to find a quiet spot sometime this week and sit for a few minutes with your yearly goals in hand. How are you doing on them? Are you moving forward on them?

by Sara Caputo

If you didn’t, I encourage you to create three goals that you want to work toward by the end of the year. Six months is a great timeframe for goal-setting. It’s a neat and tidy period with three even chunks to use as a measure of how you are doing. Additionally, it’s a great opportunity for you to sit down with your supervisor or team

The only way that we evolve is by setting an intention and then living our life doing things that lead us toward that intention. If you are thinking, “I know my goals and I have them in my head,” I would encourage you to write them down. Research shows that you are 42 percent more likely to achieve your goals if you write them down. Break these goals down into stupidly small things to do. Each task shouldn’t take much more than 25 minutes to do. Granted, you might have a long list of items but these small steps will drive you into action to reach your vision.

The cool thing is that now you aren’t even working toward that goal anymore. You are just getting a series of tasks done. Bill Walsh is one of the greatest coaches in NFL history. In his book The Score Takes Care of Itself, he talks about doing some basic things that when done

every day consistently will add up to winning the game. The simple things are those small action items on your list, and you will be done with your big goal before you know it.

Whether you are trying to get more organized in your life, working on a specific project, or trying to become a better manager of your time, the work is the same: We set the goal, break it down into stupidly small tasks, and then work toward it.

Start small and end big with your vision being realized and completed.

As futurist Joel Barker said, “Vision without action is merely a dream. Action without vision just passes the time. Vision with action and anything is possible.”

Sara Caputo transforms how individuals, teams, and small businesses navigate workflow and increase productivity. Her work has been featured in Working Women, Success, and Forbes, as well as other national and regional publications. She can be reached at sara@saracaputoconsulting.com

LOMPOC

Avo Vista Avocado Ranch

102+/- ACRES | $3,550,000

2761CebadaCanyon.com

PATTY MURPHY 805.680.8571

NEW LISTING | BALLARD

Nothing compares.

NEW LISTING | MESA

CARPINTERIA

Carpinteria Getaway

3BD | 2BA | $925,000

1260FranciscanCourt11.com

BRANDON VELTRI 805.448.7433

Via San Carlos ViaSancCrlos.com

Single Level Mesa Home

3BD | 3BA/1PBA | $3,495,000

BRADY GROUP 805.331.3053

Resort-Style Living

4400ShadowHills.com

4BD | 2BA | $1,995,000

2530MurrellRd.com

DUSTY BAKER GROUP 805.220.4210

SANTA YNEZ

Downtown Santa Ynez Ranchette

4BD | 2BA/1PBA | $1,385,000

1215TyndallSt.com

MEAGAN TAMBINI 805.448.4285

MONTECITO

NEW LISTING | CARPINTERIA

Top of the World

13+/- ACRES | $750,000

ToroCanyonRd.com

RICHARD CHEETHAM 805.901.7921

DAVID PRINGLE 805.350.2140

Franciscan Court

2BD | 1BA | $745,000

FranciscanCourt10.com

BRADY GROUP 805.391.0587

A BARGAIN ON THE BEACH $3,950,000

With beachfront homes starting at $10 million and condos at nearly $6 million, this must-see townhome occupies a sweet spot of affordability, luxury, and ocean views. Sitting “high and dry” on the second and third floors, you’ll enjoy the waves, sunsets, birds, and breezes from this 2/2.5 spacious, beautifully remodeled home within the beachfront gated community of Bonnymede. Ideally located on semi-private Hammonds Beach, between the Miramar and the Biltmore 5-star resorts, next door to the famed Coral Casino, and two blocks from the Michelin-awarded restaurants and unique shops of Coast Village Road. This extremely rare south-facing end unit offers two spacious ocean view decks and extra windows from the living room and primary suite. Filled with warmth and natural light throughout, the townhome features new French oak flooring, newly renovated kitchen with European appliances and spa-like marble baths, cozy wood-burning fireplace, a wet bar, and custom cabinetry and closets. This sophisticated condominium community is located right on the water with a private beachside lounge and entertainment area, beachside restroom, a heated pool, relaxing spa, and tennis facilities spread over eleven landscaped acres. Underground parking for two cars features equipped for EV charging, loads of extra custom storage cabinets, and an elevator to the entry floor of this unit. From the moment you make your way through the gates, your Montecito life at the beach begins. Included in the sale is a 2020 street-legal, four-seater EZ-Go Golf Cart, perfect for riding to local restaurants and shops.

The Jason Streatfeild Team

(805) 280-9797

Jason@JasonStreatfeild.com

JasonStreatfeild.com

DRE #01834496

OPEN THIS SATURDAY 12PM-3PM & SUNDAY 1PM-3PM

2567 BANNER AVENUE • 4 BED + 3 BATH • OFFERED AT $3,450,000

Located in the heart of Summerland and overlooking the Pacific Ocean, this property offers a spacious layout with 4 bedrooms and 3 bathrooms plus a generously sized lower-level “bonus room”, making it perfect for those who love to entertain. The home boasts an open floor plan with plenty of natural light pouring in from the large windows throughout the house.

As you enter the home, you are greeted by a cozy living room with ocean and island views that leads to the dining area and chef’s kitchen. The kitchen is fully equipped with stainless steel appliances, granite and marble countertops, and ample cabinet space. The bedrooms are situated on the upper floor offering plenty of space and privacy. The primary bedroom features an en-suite bathroom and a private balcony with stunning views of the ocean and the Channel Islands. The upper “grand living room” with soaring ceilings offers ample space to entertain and relax.

The outdoor living space is equally impressive, with a large backyard that is perfect for outdoor activities and entertaining guests. The back of the property also features a spacious deck, an oversized stone patio, perfect for bbq’s and a beautiful terraced garden that adds to the overall charm of the property. The location of the home is also a major draw as it is just a few minutes away from the beach, shops, and restaurants. There is an attached 2-car garage as well as parking for an additional 6 cars. Don’t miss out on this incredible opportunity to own a slice of paradise.

Environmental Defense Center Hosts Green & Blue Fundraiser

On June 11, the Environmental Defense Center (EDC), a nonprofit environmental law firm, hosted a delightful annual Green & Blue at Rancho La Patera. The event drew more than 600 supporters and raised more than 15 percent of EDC’s annual budget.

After the extended reception, guests were seated under an open-air tent and welcomed by Chief Counsel Linda Krop. She introduced EDC’s new executive director, Alex Katz, praising his expertise in environmental justice, environmental protection, and climate justice.

Krop shared the great news that earlier in the week, the U.S. Supreme Court denied a motion from the oil industry to overturn a ban against fracking from platforms off our coast, a ban that EDC had fought hard for. Krop explained how fracking, to get at the really hard, thick oil, uses incredibly toxic chemicals that pose a tremendous risk to wildlife and human health and uses a huge amount of energy.

Another EDC initiative, Krop related, is fighting ExxonMobil’s attempt to restart three platforms that have been shut down since the 2015 Plains oil spill and truck millions of gallons of oil on Highway 101 and SR 66 every week. After county staff recommended approval, EDC showed how risky this proposition was by pointing to how many oil tanker truck accidents already occur on our roads, causing deaths, injuries, fires, and explosions. This evidence, according to Krop, convinced County Supervisors to rule against ExxonMobil. The company then filed a federal lawsuit, and now EDC is representing the county in federal court.

Krop noted how EDC was founded after the 1969 oil spill to provide a voice for our community going up against big oil, the federal government, and other powerful interests, and ever since, EDC has been fighting against offshore oil and gas.

Krop shared how EDC works to protect our creeks and endangered steelhead trout, protect whales from ship strikes in the Santa Barbara Channel, and protect agricultural lands and open space.

EDC also has a case pending to prevent commercial logging in Los Padres National Forest.

Katz conveyed gratitude to supporters for enabling EDC

to take on fights that seem impossible and to stick with them. Conceding that it is hard to imagine our ocean without platforms or a CA without fossil fuels, he declared that EDC will keep working toward these goals.

A video tribute honored Owen Bailey, the previous, esteemed executive director who passed last year. Jim Nye led a lengthy auction to raise needed funds.

Patagonia received this year’s Environmental Hero Award, with CEO Ryan Gellert accepting. Since 1985, Patagonia has pledged one percent of sales to grassroots environmental groups, donating more than $150 million to date. Its founder, Yvon Chouinard, and Blue Ribbon Flies owner Craig Mathews in 1985 created 1% for the Planet to encourage other companies to make the one percent pledge.

Last year, Patagonia announced an extraordinary new ownership structure, under which all funds not reinvested back in Patagonia each year will be donated to fight the environmental crisis.

In a Q&A with UCSB professor Leah Stokes, Gellert explained that the new structure creates one entity that ensures Patagonia continues to be run according to its principles and another entity that will be the beneficiary of all its profits. This structure, according to Gellert, is fairly unique in the U.S. and not common in Europe. Going forward, Gellert anticipates that the new structure will result in about $100 million per year in donations.

Gellert shared how in the company’s 50 years, its most significant impact has been in inspiring others. It is not the money given away, not eco-innovation in apparel, not resetting people’s relationship with stuff and consumption, Gellert posited, but rather, it is modeling a more responsible version of business and proving that a business can be profitable and growing, while also minimizing its footprint and its level of extraction.

He mused that while sharing best practices with business leaders and owners is great, often leaders and owners can be counted on to do the right thing only when they have exhausted every other option. Thus, he sees Patagonia’s biggest impact coming from educating and inspiring employees and customers, who, in turn, can put pressure on the leaders and owners.

SOCIETY MATTERS Text and photos by Gail Arnold

EDC Executive Director Alex Katz; Honoree Patagonia, Inc. CEO Ryan Gellert; EDC Chief Counsel Linda Krop; and EDC Board President Rob Tadlock

Assistant Director Betsy Weber with Boardmembers Leanne Schlinger and Lauren Trujillo

Boardmember David Powdrell and Investment Committee Member Judy Pirkowitsch

Boardmember George Ayala, U.S. Congressmember Salud Carbajal, and former boardmember Lee Heller

Cleora Daily with founding executive director and founding general counsel Marc McGinnes

Is exceptional Craftsmanship and attention to detail what you’re searching for? Then look no further, because this is your home! Custom built in 2001 by a precision carpenter as his own dream home, this inspired farmhouse design is approximately 2,962 sq. ft. and features over $100k of improvements over the last 2 years including new water heater, irrigation system, water softener system, stainless steel appliances and so much more! This Country Farmhouse exudes timeless charm with beautiful crown moldings, authentic wainscoting, wood floors, shaker cabinets, wood paneling, wood-spindled banisters and stairwell, and intricate door and window trim details. Fabulous high ceilings downstairs add to the volume of the spacious rooms, from the cozy brick fireplace in the Family Room, to the open kitchen with walk-in pantry and sunny breakfast nook, the formal Dining Room with swinging kitchen door for privacy, the bookshelf-lined walls of the Living Room, plus there’s plenty of storage in the closet under the stairs, and a darling powder room with pedestal sink. Upstairs you’ll find 2 guest bedrooms, full guest bath, laundry room, and generous Primary bedroom suite with full bath and walk-in closet complete with a window so you’ll always see your wardrobe, bright and cheery! Manicured gardens and lawns are shaded by beautiful, mature trees. Charming covered porches and patios, a roomy deck for entertaining, and there’s even a detached 3-car garage with oversized workshop of approximately 1,320 sq.ft., ready for your home projects, your personal gym or creative art studio, or consider a possible ADU. All of this within just two blocks of downtown Los Alamos and it’s wonderful shops, restaurants, wine tasting and the well-known Bob’s Wellbread.

Explore this Property at www.630MainLA.com

630 Main Street| Los Alamos | $1,295,000

LAURA DRAMMER

OPEN HOUSES

Goleta

45 Dearborn Place #44, 1BD, 1BA, Sat 1-4 & Sun 1-3, $555,000, Village Properties, Jane Runyen / Justin Corrado 805-689-5564 / 805-4519969, DRE#00768348 / #01356799

218 Entrance Rd Unit

5, 2BD, 3BA, Sun 2-4, $799,900, Berkshire Hathaway

HomeServices California

Properties, Marguerite Taylor 805-705-0957, DRE#01169100

7174 Marymount Way, 3BD, 2BA, Sat & Sun 1-4, $1,925,000, Berkshire

Hathaway HomeServices

California Properties, Chris Jones 805-708-7041, DRE#01383462

San Roque

3435 Richland Dr, Unit 17, 1BD, 1BA, Sun 1-4, $525,000, Berkshire

Hathaway HomeServices

California Properties, Tania Fiedorek 805-350-4848, DRE#01893574

2975 Calle Noguera, 3BD, 1BA, Sun 1-3, $1,754,000, Berkshire Hathaway

HomeServices California

Properties, Rachel E Brown 805-570-7160, DRE#01950975

The Mesa

222 Meigs Rd Unit 17, 2BD, 1BA, Sat & Sun 1-3, $1,194,999, Berkshire

Hathaway HomeServices

California Properties, Weston Rowan 805-512-3892, DRE#02182012

642 Island View Drive, 3BD, 2BA, Sat 1-4 & Sun 12-3, $2,000,000, Village Properties, Cindy Campbell 805-5704959, DRE#00691884

707 Roberto Ave, 3BD, 2BA, Sun 1-4, $2,795,000, Berkshire

Hathaway HomeServices

California Properties, Stefan Stojanovski 805-570-0640, DRE#02112629

Hope Ranch

Saturday 7/1 & Sunday 7/2

4544 Carriage Hill Drive, 3BD, 2BA, Sun 1-4, $1,745,000, Santa Barbara Living Real Estate Brokerage, Joanne Schoenfeld 805 570-1951, DRE#00999422

Mission Canyon

2708 Montrose Place, 3BD, 2BA, Sat 1-3, $2,295,000, Village Properties, Amy Abbott & Kristin Hall 805-708-3221, DRE#01735358

The Riviera

1752 1/2 Prospect Ave, 2BD, 3BA, Sat 1-4 & Sun 1-3, $1,695,000, Berkshire Hathaway HomeServices California Properties, Stefan Stojanovski / Jessie Sessions 805-570-0640 / 805-7090904, DRE#02112629 / #01937789

914 Medio Rd, 4BD, 3BA, Sat & Sun 1-4, $2,895,000, Village Properties, Cimme Eordanidis 805-722-8480, DRE#01745878

1121 Las Alturas Rd, 5BD, 5BA, Sat 1-4, $5,995,000, Berkshire Hathaway HomeServices California Properties, Karina Matic 805680-7701, DRE#01726170 Santa Barbara

333 Old Mill Rd #146, 2BD, 2BA, Sat 12-3 & Sun 2-4, $395,000, Village Properties, Curtis Swan / Marcia Ribeiro 805-607-9709 / 805-2454550, DRE#02049218 / #02203936

945 Ward Dr. #189, 3BD, 2BA, Sat & Sun 2-4, $749,000, Prestigious Properties and Investments, Francie Berezo 805-705-2561, DRE#01507796

1523 Marquard Terrace, 3BD, 2BA, Sun 12-4, $1,590,000, Village Properties, Elena Abel 415-259-8098, DRE#02199747

504 Chiquita Road, 3BD, 2BA, Sat & Sun 2-4, $1,695,000, Compass, Jennifer Berger 805-4515484, DRE#01309181

316 W Ortega St #1, 3BD, 2.5BA, Sat 12-3 & Sun 1-4, $1,795,000, Berkshire Hathaway HomeServices

California Properties, Shane Smith 805-687-2666, DRE#02072272

1761 Calle Poniente, 3BD, 2BA, Sat & Sun 2-4, $2,295,000, Mike Richardson, Realtors, Kyle Richardson 805680-3131, DRE#01902531

2101 Mountain Ave, 6BD, 5.5BA, Sun 1-3, $3,895,000, Village Properties, John A. Sener 805-331-7402, DRE#00978392

547 Owen Rd, 4BD, 4BA, Sun 1-3, $5,200,000, Berkshire

Hathaway HomeServices

California Properties, Sara Guthrie 805-570-1211, DRE#01294545

Upper East

1915 Garden Street, 3BD, 2BA, Sat & Sun 1-3, $2,695,000, Epstein Partners/ Keller Williams, Steve Epstein 805-689-9339, DRE#00994429

Montecito

43 Seaview, 3BD, 2BA, Sat & Sun By Appt, $2,995,000, Berkshire Hathaway HomeServices California

Properties, Sue Irwin 805-7056973, DRE#01413354

900 Toro Canyon Rd, 3BD, 3BA, Sat 1-4, $5,295,000, Berkshire Hathaway HomeServices California

Properties, Sina Omidi 805689-7700, DRE#01944430

127 Loureyro Rd, 5BD, 4.5BA, Sat & Sun 1-4, $5,385,000, Village Properties, Simone (Shomaker) Eurich / Susan Jordano 805-4557992 / 805-680-9060, DRE#02105209 / #01775462

1439 Irvine Ln, 4BD, 6.5BA, Sun 12:30-3, $11,250,000, Berkshire Hathaway HomeServices California

Properties, J.J. Gobbell 805403-5785, DRE#02063124

Summerland

2435 Golden Gate, 3BD, 2.5BA, Sat & Sun 2-4, $2,795,000, Compass, David Michael Wieger 805-2189794, DRE#01298610

2567 Banner Ave, 4BD, 3BA, Sat 12-3 & Sun 1-3, $3,450,000, Berkshire Hathaway HomeServices

California Properties, Rachael Douglas / Annette Vait 805318-0900 / 805-886-1926, DRE#02024147 / #02044281

2561 Golden Gate Ave, 3BD, 2.5BA, Sat 12-3, $3,950,000, Berkshire Hathaway HomeServices California

Properties, Brittany Arntz 805680-5946, DRE#02055307

Carpinteria

3950 Via Real Unit Spc 264, 3BD, 2BA, Sun 1-3, $620,000, Berkshire Hathaway HomeServices California

Properties, Yolanda Van Wingerden 805-570-4965, DRE#01308141

1260 Franciscan Court #11, 3BD, 2BA, Sun 1-3, $925,000, Sotheby’s International Realty, Brandon F Veltri 805-4487433, DRE#02070796

Santa Ynez Valley

625 Central Ave Unit

D, 2BD, 2BA, Sat 12-2, $529,000, Berkshire Hathaway HomeServices

California Properties, Kirsten Hubbard 805-598-3040, DRE#02153877

1215 Tyndall Street, 4BD, 2.5BA, Sat 1-4, $1,385,000, Sotheby’s International Realty, Meagan Tambini 805-4484285, DRE#01348412

Realtors: submit your open house listings at INDEPENDENT.COM/ OPENHOUSESUBMISSIONS

$25 PER LISTING OR FREE FOR INDEPENDENT ADVERTISERS

Email: openhouses@independent.com with questions

5801

Shown by appointment. Tranquility is yours, just 15 minutes from town! Storybook home situated on nearly 3 acres of enchanting gardens & majestic oaks. ADU potential. Charming throughout w/ open-beam wood ceilings, fireplace, gleaming wood floors & remodeled kitchen. Mountain View School District. Open Sat/Sun 2-4pm. Spacious light-filled home in popular Rancho Goleta Lakeside Community. Features vaulted ceilings, gleaming plank flooring, fireplace & chef’s kitchen. Mountain views from front patio & private back patio w/fountain.

945

Elegance that’s affordable!

PRESENTED BY FRANCIE A. BEREZO PRESTIGIOUS PROPERTIES & INVESTMENTS

3BR | 2BA | 1920+/- SQ FT. | OFFERED AT $749,000

Ward Dr. #189 Santa Barbara, CA

3BR | 2.5BA | 1760+/- SQ FT | OFFERED AT $1,799,000

W. Camino Cielo Santa Barbara, CA

780 Shaw Street| Los Alamos | $995,000

Welcome to this charming Ranch-Style home located in the super chic town of Los Alamos! Located on a great street, this approximately 1,988 sq. ft. 3 bedroom, 2 bath home is already painted the perfect white to be your perfect Farmhouse! Gorgeous Olive tree anchors the corner of the front yard and the stone patios. Quaint covered front porch ideal for end of the day relaxing while chit-chatting with the neighbors who stroll by for their evening outings. Wonderful architectural design in this home includes airy vaulted ceilings in the living and dining rooms, open concept floorplan with Great Room that opens to the kitchen and breakfast room, gorgeous Travertine tile floors, Guest bedroom/bath wing on one side of the home with the Primary bedroom suite on the opposite wing. Artistic fencing, extensive stone flatwork, trellised outdoor patio with fireplace, plus attached 2-car garage of approximately 575 sq.ft. Come by and fall in love!

Explore this Property at www.780Shaw.com

Named

LAURA DRAMMER

Your Mesa Realtors

privacy on this fabulous Montecito estate. Resting at the property is a charming Craftsman style home circa 1912. Today, it modern amenities, and still charm. Located in MUS.

privacy on this fabulous Montecito estate. Resting at the property is a charming Craftsman style home circa 1912. Today, it modern amenities, and still charm. Located in MUS.

Rare ocean front estate on the Mesa! This spectacular 4bed/4.5bath ultra-luxury property boasts ~5,100+ sq. ft. of living space resting on over 1/2 acre of prime California coastline. Enjoy unparalleled ocean views from every corner of this contemporary home. Must see in person!

Rare ocean front estate on the Mesa! This spectacular 4bed/4.5bath ultra-luxury property boasts ~5,100+ sq. ft. of living space resting on over 1/2 acre of prime California coastline. Enjoy unparalleled ocean views from every corner of this contemporary home. Must see in person!

3 bedrooms + 2 bathrooms | 1,997 sq. ft. residence | Chef’s Kitchen (2023 remodel)

1/2 acre ocean front lot! This is a once in a life time opportunity to purchase a vacant piece of ocean front property located in one of Santa Barbara’s most desirable neighborhoods. Build your dream home to the exact specifications that you desire. Panoramic ocean views! The Richardson Team

1/2 acre ocean front lot! This is a once in a life time opportunity to purchase a vacant piece of ocean front property located in one of Santa Barbara’s most desirable neighborhoods. Build your dream home to the exact specifications that you desire. Panoramic ocean views! The Richardson Team

Mike and Kyle Richardson Team@mrrealtors.com

805.963.1704

www.mrrealtors.com

Shoreline Drive

1553 Shoreline Drive Offered

Seller Financing Is an Option

Q: Marsha, I’ve been renting my home for 10 years. The owner has decided to sell. I love it here. He said he’d sell the home to me for a reasonable price. If I put money into the transaction, a down payment, he offered seller financing to help me purchase his rental. What is seller financing exactly?

A: Seller financing is another method in which to mortgage and purchase a home. If the sellers own the house free and clear, they may take the role of traditional lender. They’ll run credit, ask for a reasonable down payment, and have the transaction recorded. As with all mortgages in California, it will involve a promissory note and a recorded deed of trust. Sellers can also finance a second mortgage. In that situation, the buyer obtains a traditional loan from a bank and with the bank’s knowledge creates a second mortgage with the seller.

The house had been a rental for years. The seller was looking at a significant capital gains tax. By financing the home with a 30-year, fully amortized loan, the taxable capital gains trickled in. The bulk of any first mortgage loan is the interest payment with little principal being reduced in the beginning years. Owner financing helped the seller get his asking price and earn significant income from the first mortgage interest.

by Marsha Gray

I had clients who used seller financing with great success. They purchased their home, and the owner financed the first mortgage. It was a sound business move for everyone. The house they purchased was a fixer “teardown” is what the home inspector labeled it. Banks and traditional lenders would have been reticent to lend any money on it. By financing the house himself, the seller was able to sell the less-than-perfect home at a good price. The other advantage to the seller was deferring his capital gains.

My clients were first-time home buyers and were able to purchase more house than traditional lenders would have approved. Their closing costs were also lower. After interest rates dropped, they approached the sellers and asked for the market interest rate. The seller offered to match any bank’s rate. They ended up having a private first mortgage for seven years.

Another common form of seller financing is when the owner carries a second mortgage. In this instance, the seller may still have his own mortgage but has enough equity in the house to lend the buyer. Say you want to purchase a house for $900,000 with 10 percent down. The bank doesn’t want to lend more than $750,000 on the house. With the first mortgage-holder’s permission, the seller makes a second mortgage for $60,000 to the buyers. The buyers can now purchase the home.

The advantage to the seller is that in addition to selling

the house, she earns additional money on the interest payment. The terms are generally three to five years’ interest only with the principal balance due at the end of the period.

I say purchase your rental house from the owner and take advantage of seller financing. Sounds like a win-win for everyone.

Marsha Gray has worked in Santa Barbara real estate for more than 25 years. She works at Allyn & Associates, where she helps her clients buy and sell homes and with lending services. To read more of Marsha’s Q&A articles, visit MarshaGraySBhomes.com. Contact Marsha at (805) 252-7093 or MarshaGraySB@gmail.com. DRE# 012102130; NMLS #1982164.

SANTA BARBARA COUNTY SALES

by Marsha Gray

Bella Cavalli Farms & Vineyards

3 BD | 3 BA | $8,900,000 959EHWY246.com

Private wine country vineyard and equestrian estate in the heart of the Santa Ynez Valley. Wine label and wine club membership available.

Schedule a private showing

Magical Mountaintop Property

3 BD | 3 BA | $2,495,000 5396ECaminoCielo.com

Truly a once in a lifetime live/work opportunity. The venerable Cielo Store curates the ultimate live-work retreat on an acre of land.

Schedule a private showing

Upper Eastside Retreat

3 BD | 2 BA | $2,695,000 1915GardenSt.com

Single-level home with a large deck that overlooks the stunning Zen garden backyard.

Open House: Saturday 1-3 pm & Sunday 1-3 pm

SOLD

2 BD | 2 BA | ±1,627 SQ. FT. 3722 State Street #311

Penthouse-style unit is perched on the third floor, granting breathtaking mountain views.

Sold for $1,915,000

Steve Epstein DRE #994429

Kendrick Guehr DRE #1964065 Brooke Williams DRE #19710222

Stan Aslanian DRE #1866069 Jedd Hewitt DRE #2118814 David Vartabedian DRE #1295316

Kate Heitmann DRE #2160043

Ryan Yack DRE #2049534

Stan Krome DRE #967246 Ajia Orozco Marketing Roman Lic. #600029

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628.