House & Home: June 05, 2022

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SANTA BARBARA NEWS-PRESS REAL ESTATE

SUNDAY, JUNE 5, 2022

COntents Handyman: Check those aging pipes..............................................................................4 A Note From The SBAOR President: When it’s time to get an accountant to do your taxes .................................4 Style at Home: A look into the history of pillows ...............................................................6 Financial: The Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet .................................................................8 Santa Barbara County Sales......................................................................10

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Classified Real Estate ............................................................ E-15 Residential Property.............................................. E-15 Commercial Property.. .......................................... E-15 Rentals................................................................... E-15

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SUNDAY, JUNE 5, 2022

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A note from the SBAOR President

Your Handyman

By Mark Baird

By Bob Walsmith, Jr. President of the Santa Barbara Association of REALTORS®

Check Those Aging Pipes

When It’s Time to Get an Accountant to Do Your Taxes Now that you’re a homeowner, your taxes may have gotten more complicated.

And you may be asking yourself, “Do I need an accountant?” And if you do, should you hire a certified public accountant (CPA)? And what’s the difference between a CPA and an accountant?

Plus, you may be one of many people who worked from home part or all of the past two years because of COVID-19 and wonder if you can deduct some of your home office-related expenses. Here’s some information to help you.

The Differences Between Tax Experts and Other Options First you need to know there are different types of tax experts. And not all accountants are CPAs. So if you’re thinking that an independent CPA and someone at H&R Block or Jackson Hewitt (or your buddy who studied accounting in college) are pretty much the same, don’t count on it. Basically, • An accountant is someone who studied accounting.

• CPAs are accountants who passed a rigorous examination and must comply with stringent continuing education requirements from their state board on a regular basis. The designation usually requires a degree. Not every CPA specializes in taxes.

• An enrolled agent, or EA, is a tax specialist who has been certified by the IRS. Being an EA doesn’t require a degree like a CPA does. But it does verify they know the tax law.

• A tax preparer at pop-ups like H&R Block or Jackson Hewitt is trained on tax software to help taxpayers file their returns. They aren’t required to be CPAs or EAs, but some are very knowledgeable about the tax rules.

• Only CPAs and EAs can legally represent you if the IRS challenges your return.

There’s nothing wrong with visiting a pop-up preparer like H&R Block if your return isn’t all that complicated. It’s when you start generating other income — perhaps you launch a business or own rental property — when it makes sense to ask for a little extra help.

But if you’ve bought a home, it gets more complex. That opens you up to special credits and deductions and requires more record-keeping. If you mess something up or miss out on deductions, it can cost more than hiring an accountant would have.

When It’s a Good Idea to Hire a Tax Pro When you buy your first house. Many of the expenses related to buying a home

and having a mortgage are deductible. But only if you have enough deductions to itemize.

When you move to a new state. There’s a good chance you’ll have to file two state returns for the year you move. And each state is a little bit different in terms of state tax owed — zero in some states, a flat amount in others, and graded by income bracket in most.

When you become a landlord. “When you own investment property, you become a small business owner,” said Stewart. That means new records to keep and a new tax form, Schedule E, to complete.

When you buy a vacation property. Especially if you rent it. And especially if it’s in a different state.

When you work from home and are self-employed. Potential money-saving deductions can vary widely depending on the type of business and how much space the office takes in your home.

If you have a home office, you can deduct for the square footage you use for work as well as a portion of your utilities, mortgage interest, and property taxes.

How Much Do Accountants Cost?

H&R Block uses a three-step pricing guide to help you estimate the fee upfront online. You start with a base price beginning at $69 and choose your state and the add-ons you want.

The average cost of hiring a certified public accountant (CPA) to prepare and submit a Form 1040 and state return with no itemized deductions is $176, while the average fee for an itemized Form 1040 and a state tax return is $273, according to Investopedia.

Pricing is variable, so it’s best to check directly with the options you’re considering for the most up-to-date information.

You can definitely DIY in all these tax scenarios and save the fees, but with CPAs and EAs, the extra cost may be worth it.

Especially if you run your own business.

Or you own more than one home.

An accountant can help you analyze your spending choices and even act as a consultant. Best of all, they’ll be by your side if the tax man ever comes after you. That alone could be priceless if the time comes.

Oh, and one last tip: If you decide you want to hire a CPA or an EA, it’s best not to wait until the last minute. You may not find one who can file the return before the deadline. However, extensions may be available.

As always, if you need a recommendation of someone to take care of your taxes for you, give your local trusted Realtor a call and let them help you!

QUESTION: My wife and I are finally in escrow and hope to take title to our first home in a few weeks. The house is in a nice neighborhood in Goleta which seems to be mostly occupied by seniors, but a few young families like us have moved in and we think it would be a good area to raise our family.

The seller is the original owner, the house was built in 1962, the kitchen and bathrooms are original and not a whole lot has been done in the way of improvements, but the house appears to be in solid shape. We are in the process of having a home inspection scheduled but are worried that something may get missed and we will have little money left over for repair work.

What kinds of problems should we be looking for that might get missed in the inspection?

YOUR HANDYMAN: Congratulations on your new home and you are smart to be on the lookout for unexpected repairs that may cause financial strains to your family budget. Most of the tract homes in Goleta were built in the late 1950’s and the 1960’s coinciding with the completion of Lake Cachuma to provide water to Goleta, and UCSB and Delco expanding to provide high paying local jobs. At that time when a house was built, the drain lines from the kitchen, bathrooms and laundry were made from cast iron and were buried in the ground under the cement foundation. The lateral sewage pipe that connected the house to the main sewer line in the street was usually made from red clay much like a mission style roofing tile. These cast iron and clay pipes worked fine for many years but now that these homes are approaching their 60th and 70th birthdays, these pipes are at best in poor condition and often are failing.

Cast iron pipes of course are prone to rusting and it is not uncommon for a plumber to remove an old 2”3” exterior diameter iron pipe and to find corrosion clogging the pipe to the extent that a pencil can barely be inserted. Cast iron pipes when buried can rust away and partially collapse allowing soil and roots to fill sections of the pipe. The red clay pipes

connected with a sort of bell-shaped opening on one end that slid over the opposing narrow end of the next pipe.

These connections leaked to some degree and quickly attracted roots that slowly broke the joints apart as the roots sought the moisture and fertilizers in the sewer pipe. Like any type of clay or ceramic product these clay pipes were brittle and cracked when compressed by a tree root or pressured by shifting soil.

Large amounts of money will be spent by homeowners in these Goleta housing tracts with local plumbers over the next 10-15 years as house by house the sewer lines will fail and need to be replaced or repeatedly repaired.

Replacing a cast iron drain line that is buried under your foundation is not an easy thing to do and usually requires cutting into the foundation inside the house and installing new black plastic ABS pipe. In some cases, a new sewer line can be laid around the perimeter of the home and out to the street. ABS pipe and fittings came into wide use in about 1970, are made from a super tough thermoplastic resin called Acrylonitrile-Butadiene-Styrene (ABS for short) and will likely survive until the end of time if installed properly. When the lateral sewer line to the street is replaced, it can either be dug up in the same manner or most plumbers now offer what is often called “trenchless technology” where basically a new polyethylene pipe is pulled through the old pipe, sparing the homeowner the problems caused by having a trench dug across the front yard.

As part of doing the due diligence in inspecting your potential new home, I suggest that you hire a plumbing contractor to run a video camera scope down your drain lines so that the actual condition of the pipes can be completely inspected. These remote video scopes have been around for some years now and most plumbing contractors own one. It may be that the home’s drain lines are not immediately failing, but it is important to accept that it is just a matter of time until they do fail. If immediate work is required be sure to get quotes from at least two plumbers.

Mark Baird is a General Contractor & the Owner of “Your Handyman” servicing Santa Barbara since 2006. You can contact Mark at 805-968-1234 or email him at: mark.baird@sbcoxmail.com.

Visit his website at: www.yourhandymansb.com.

Bob Walsmith, Jr. can be reached at 805-720-5362 or emailed at Bob@BobWalsmithJr.com

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SUNDAY, JUNE 5, 2022

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© 2022 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 obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

13800 HIGHWAY 101, GOLETA 4BD/5BA; ±3100 acres • $45,000,000 Kerry Mormann & Associates, 805.682.3242 LIC# 00598625

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SUNDAY, JUNE 5, 2022

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Style at Home:

A look into the history of pillows The pillows we know today started to take shape during the Roman era, with soft cotton and down filling coming into vogue.

It is nearly impossible to pinpoint when pillows became a norm in homes, but as you can probably imagine they were created as a nighttime aid for comfort

Just like the origins of many décor items, pillows for decoration where reserved for the few and the fancy. It wasn’t until the late 1800s when textiles became mass produced that pillows became everyday household items.

Provided photos/TNS

As with much of décor, pillows, too, are thought to have originated in Africa and Asia, although they are nothing like the down filled treasures we know and love today.

By Katie Laughridge As I was lounging around my home the other day (I use the word lounging very loosely as I am on maternity leave and completely at the beck and call of my new little family member), I found my mind wandering. A wandering mind is not out of the norm for me with my new mommy brain in full force. However, this time I found myself getting fixated on my many throw pillows throughout the house.

This is probably in part to a recent social media post that featured my home on which I had noticed a comment about how my guests wouldn’t even have a place to sit when they came over, and all I could think about was thank goodness this person hasn’t seen my bedroom pillow collection (my next thought was I wonder if my husband created this account to comment on our pillows – it sounded suspiciously like him)! It reminds me of the advice you hear about putting all your accessories on for the day and removing one for the perfect amount, except with pillows I put them all on and add two more. While I won’t be reducing my fluffy collection anytime soon, it did lead me down a discovery path on where the precious pillow originated and why I think know I need them around.

It is nearly impossible to pinpoint when pillows became a norm in homes, but as you can probably imagine, they were created as a nighttime aid for comfort. As with much of decor, pillows, too, are thought to have originated in Africa and Asia, though nothing like

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Walking the line between luxury and necessity, the pillow props us up and provides panache to our spaces. the down-filled treasures we know and love today. In fact, they looked much more like small carved stools and were meant to safeguard the hairstyles of the era by supporting the neck, not the head. Some pillows were even made of porcelain and could be filled with cool water during the summer or hot water in the winter for extra comfort.

However, the pillows we know today started to take shape during the Roman era with soft cotton and down filling coming into vogue. It became less about preserving elaborate hairdos (hello bedhead!) and more about comfort. Just like the origins of many decor items, pillows for decoration where reserved for the few and the fancy. It wasn’t until the late 1800s when textiles became mass-produced that pillows became everyday household items.

Walking the line between luxury and necessity, the pillow props us up and provides panache to our spaces. I use pillows to add texture and depth to my spaces, but also to create a comfortable atmosphere for my family and guests. A throw pillow can add seasonal whimsy or anchor a color scheme, but most importantly, they can start a conversation.

Adapted from nellhills.com. Katie Laughridge is the owner of Kansas City interior design destination Nell Hill’s. For more information, contact Katie at info@nellhills.com. ©2022 Tribune Content Agency, LLC.

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© 2021 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 obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

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E7

The Federal Reserve policy you’ve never heard of could have the biggest effect on your wallet

By Sarah Foster

Bankrate.com

The Federal Reserve made headlines at its May meeting when it raised interest rates by the single biggest hike since 2000, but another lesser-known decision — albeit a substantially more complex one — could have an even greater influence over how much you pay to borrow money.

The Fed said in May that it’s going to soon start shrinking its massive near-$9 trillion bond portfolio.

The decision is almost seven months in the making, but officials are going to ease their way into it. Starting June 1, they’ll let $47.5 billion worth of assets roll off their books, more formally known as the balance sheet. Then, that number will increase to $95 billion

by September.

Why does the Fed’s shrinking balance sheet matter?

It’s the antithesis to the Fed’s massive bond-buying campaign during the coronavirus pandemic.

Across three different programs, the Fed amassed almost $4.6 trillion worth of bonds, including Treasurys and mortgagebacked securities. Those moves helped push the interest rates that the Fed normally doesn’t directly control to rock-bottom levels — including on things like mortgages and student loans — by bolstering liquidity and keeping the system awash with credit.

But what goes down must come back up. Shrinking the balance sheet could be just another lever that pushes interest rates higher, along with what’s likely to be the fastest rate-hiking cycle in decades. That’s because the endeavor effectively reduces the money supply and the availability of credit in the financial system. It’s a sacrifice the Fed is willing to make to help cool the rapid inflation that’s spent six straight months at levels not seen since the 1980s. The process is often dubbed quantitative tightening.

“It’s also another way in which the Fed is pressing on the brakes in an effort to slow the economy and reduce inflation,” says Greg McBride, CFA, Bankrate chief financial analyst.

“Over time, this is going to be more impactful than raising short-term rates.”

The move would have major implications for how much it costs consumers to finance major life-events, from buying a home or car to attending college.

If things go according to plan, the Fed will have removed more than $522 billion from the financial system by the end of 2022 and another $1.1 trillion by the end of 2023. Trimming $1.5 trillion off the Fed’s portfolio is the equivalent of hiking interest rates by up to another 1 percentage point, according to estimates from Luis Alvarado, vice president and investment strategy analyst at the Wells Fargo Investment Institute.

“We understand what the Fed did at the height of the pandemic in March 2020 when everyone was scared,” Alvarado says. Fed officials, however, don’t want to “have big balance sheets. They want to have balance sheets that are running in parallel according to economic growth.”

How much will interest rates rise as the Fed trims its balance sheet?

But the big question mark is whether officials will have enough room on the runway to get there.

The Fed has only ventured down this road once before: when the economy was recovering from the Great Recession of 2007-2009. Back then, they managed to vacuum just about $700 billion out of the system, only 20 percent of what they bought, before financial markets seized up and the economy risked taking a nosedive.

At the Fed’s current pace, the Fed’s balance sheet would reach its pre-pandemic size of $4.3 trillion roughly four years from June 2022. But a lot can change in the economy by then — and a lot can also go wrong enough for Fed officials to abort the mission.

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The Federal Reserve Building in Washington, D.C. The Fed said in May that it’s going to soon start shrinking its massive near-$9 trillion bond portfolio.

Photo courtesy Paul Brady/Dreamstime/TNS

“I don’t think the Fed can pull too many trillions of dollars out of the system without something going bump in the night,” McBride says. “If the economy is weakening, then they’re going to eventually start to ease up on policy or the pace of quantitative tightening.”

The Fed’s inflation-fighting plan is unlike any other in recent history The Fed’s last foray into shrinking the money supply was also much different than today’s experience, another layer making it unclear just how much consumers could feel an impact. The Fed waited almost two years to start dumping bonds after it hiked interest rates for the first time after the financial crisis in December 2015. This time, the Fed is waiting just three months.

Not only that, but officials previously chose to gradually increase how many bonds they’d let roll off their portfolio over a 12-month period, until it eventually hit $50 billion a month. Today, the Fed is moving four times faster and its monthly cap is nearly twice the size.

Have the biggest rate increases already happened?

Lenders have also been ramping up their borrowing costs at a much more aggressive pace than the Fed — and long before officials even touched interest rates or their balance sheet.

The average rate on a 30-year fixed-rate mortgage in the week that ended on May 11 jumped to 5.46 percent, the highest point since August 2009, according to Bankrate’s national survey. The day of the Fed’s December 2021 meeting, that benchmark mortgage was 3.28 percent. A year ago, it was at 3.19 percent.

The ascent has outpaced the Fed’s hikes and the 10-year Treasury yield’s rise, with the key bond yield rising just 1.44 percentage points total since the Fed’s December meeting.

It signals that the sub-5 percent mortgage rates that consumers have been able to take advantage of for more than a decade — besides for an eight-week stretch in 2018 — are all but in the rearview mirror, according to McBride.

“When the biggest buyer in the market walks away from the table, it creates a void,” he says. “There has to be investors to fill that void, otherwise prices could fall sharply and rates could rise notably in order to attract enough investor demand.”

It’s too soon to tell what exactly happens with interest rates from here, but some experts say the biggest leaps might have already happened.

‘The mortgage market is the epicenter,” says Kristina Hooper, chief global market strategist at Invesco. “But quite often, markets move in advance of expectations; a lot has already been priced in.”

Alvarado sees the 10-year Treasury yield rising another 44 percentage points, peaking at 3.35 percent in the fourth quarter of 2022. Then, he sees it gradually settling back down

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throughout 2023 in a range of 2.5-2.75 percent.

That’s exactly what happened during the Fed’s last tightening cycle. Technically speaking, the 10year Treasury yield only rose 62 percentage points during the entirety of the Fed’s last tightening cycle — starting with its first rate hike on Dec. 16, 2015, and ending with the day the Fed officially stopped shrinking its balance sheet on Sept. 30, 2019. The key rate erased nearly half of its gains over the period, falling to 1.68 percent on Sept. 30 after peaking at 3.24 percent on Nov. 8, 2018.

The oscillation highlights another key point about market interest rates: The 10-year Treasury rate could fall even if the Fed is hiking rates, especially if investors see an economic slowdown or lower inflation ahead.

“That’s what happens most of the time when the Fed is tightening policy,” McBride says. “We’re headed to a point where those long-term yields are starting to fall at the same time short-term rates will be rising.”

Other factors that could affect interest rates The consumer impact also depends on more technical reasons. When the Fed shrinks its balance sheet, it doesn’t sell those securities; instead, it simply lets those bonds roll off at maturity without reinvesting its principal payments.

Yet, some experts have pointed out that the Fed might have trouble hitting the quota it set for mortgage-backed securities.

In that case, they might have to outright sell those assets for the first time in Fed history, which would have even bigger implications for mortgage rates. The Fed’s massive stockpile of those securities — $2.7 trillion — has no doubt prevented the cost of financing a home from rising even more.

Fed officials indicated in records of both the January and March Fed meetings that this strategy “might be appropriate at some point in the future,” so the Fed can move toward having a longer-run bond portfolio “primarily of Treasury securities.” Key Fed officials have also said the approach could be an even more aggressive backup plan if inflation remains high.

Selling any assets also opens up the Fed to another risk that it’s so far been able to dodge: taking a loss.

Bottom line Less money sloshing around in the financial system broadly tightens financial conditions. That might prompt businesses to delay any new investments — including hiring. The worst case scenario is a tick-up in joblessness.

All of that shows, the Fed’s shrinking balance sheet is a major factor to watch moving forward — and also a reason to concentrate on building up your emergency fund.

Another group caught in the crossfire could be investors.

The Fed’s plans to unwind its balance sheet has contributed to the year’s choppy financial conditions, with the S&P 500 down more than 16 percent to start the year.

Keep a long-term focus and tune out the noise: The Fed’s overarching goal is to get monetary policy on track to a more sustainable level, one that paves the way for a long and sustainable expansion and flushes the massive price pressures out of the financial system.

Still, the Fed’s balance sheet drawdown is a major unknown, and only in hindsight will investors and consumers be able to judge its full impact.

“This is the Wild West of monetary policy,” Invesco’s Hooper says. “We are in the land of experimental monetary policy. We just don’t know how this is going to play out.”

Visit Bankrate online at bankrate.com. ©2022 Bankrate.com.

Distributed by Tribune Content Agency, LLC.

SUNDAY, JUNE 5, 2022

1535 COUGAR RIDGE ROAD | SANTA YNEZ | $2,375,000 • 4,054± Sq. Ft. Victorian-Style Far mhouse Located in the Gated Jonata Springs Ranch • 5 Bedrooms + Of fice + Game Room, 3.5 Bathrooms • A pproximately 4,053± Sq. Ft. • 20.11± Acres • Cozy Fire places in Living Room, Primar y Bedroom & Guest Bedroom • Spacious Attic with 6 Ft. Ceilings • Expansive Patio with Raised Garden Beds • Panoramic Views • Covered Veranda • Access to 14± miles Miles of Riding Trails

Explore the Property at www.1535CougarRidge.com

LAURA DRAMMER

Top 1.5% of Real Estate Agents Nationwide REPRESENTING SANTA BARBARA & THE SANTA YNEZ VALLEY FOR OVER 27 YEARS

805.448.7500 L a u r a @ L a u r a D r a m m e r. c o m DRE: 01209580 w w w. L a u r a D r a m m e r. c o m © 2022 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise systemof 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 obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

SANTA BARBARA NEWS-PRESS

REAL ESTATE

SUNDAY, JUNE 5, 2022

E9

Santa BarBara County SaleS

This is a partial list of all recorded residential sales in Santa Barbara County from May 16 thru May 20, 2022.

While these recordings are public record, the News-Press receives this information from an outside source. This list does not represent all sales that occurred over this time period. Consult your REALTOR® for further information regarding home sales in your area of interest.

AREA

ADDRESS

SELLER

BUYER

PRICE

BUELLTON / SOLVANG

3121 BOWL PL

BROWN LYNNETTE

SPAGNOLI CHRISTINE EA

$1,300,000

5/17/2022

1466 AALBORG WAY

HART LINDA EA

CASEBERG DAVID EA

$1,350,000

5/17/2022

5946 HICKORY ST 2

ALVAREZ AMANDA EA

BENKO TYLER EU

$525,000

5/19/2022

1220 FRANCISCAN CT 11

HOSKINS JAMES

ELMAN ALEXANDREA

$617,500

5/18/2022

5522 CALLE OCHO

HURD RONALD EA

STEVENS THOMAS EA

$2,250,000

5/18/2022

41 DEARBORN PL 77

ARIETTA ALEXANDER EU

IBARRA BENJAMIN EA

$547,500

5/20/2022

39 DEARBORN PL 95

MENDOZA JUSTIN

SHANG CHEN EU

$630,000

5/19/2022

469 BARLING TERR

FINEALL LARRY EA

DOWNIE NINA EA

$925,000

5/20/2022

4760 CAMINO DEL REY

GADDIS JOHN EA

RAE DARCIE EA

$1,339,000

5/20/2022

159 ALPINE DR

DAY ASHLEIGH EU

LOWELL CONSTRUCTION COMPANY

$1,600,000

5/20/2022

285 REDWOOD WAY

MALEAR JOCELYN EA

SU ZU-IN EU

$1,600,000

5/18/2022

5837 VIA FIORI

BORIS TIMOTHY

NAPEL KARIN EA

$2,080,000

5/18/2022

5906 VIA LEMORA

KWAKO JAMES EA

FLEMING WENDY EA

$2,250,000

5/19/2022

1014 W CHESTNUT AVE

PHILLIPS MIKE

PRICE AMBER EU

$280,000

5/20/2022

520 E CHESTNUT AVE

ACEEMENTVES FERNANDO EU

COLIMA KARLA EA

$365,000

5/17/2022

117 E OCEAN AVE

LEBLANC BRANDON

BARRERA JULIO EA

$380,000

5/16/2022

200 N F ST

INNOVATION DESIGN & DEVELOPEMT

RAMIREZ RAFAEL EU

$479,000

5/17/2022

1000 N THIRD ST

CABLE, JUDITH D

LEMUS ERNESTRO EA

$489,000

5/20/2022

1320 PLUM AVE

GALVAN AARON EU

LUKETIC TIMOTHY

$510,000

5/17/2022

1509 W LEMON AVE

GUTIERREZ JEREMIAH

VILLEGAS NICOLAS EU

$520,000

5/17/2022

1532 W OAK AVE

LANGSTON JOSHUA EU

MORA WILLIAM

$540,000

5/16/2022

921 BELLFLOWER LN

LINTON AARON EU

CRUZ HILARIO EU

$615,000

5/20/2022

408 S B ST

LACEY MARTHA

WELLS CLAUDIA

$625,000

5/16/2022

1274 ELEVEN OAKS LN

PARTICULAR FIVE PROPERTIES

35 LAS ALTURAS LLC

$2,680,000

5/17/2022

118 POMAR LN

THOMAS MARY EA

COOPER TRUST EA

$8,088,000

5/20/2022

2143 BIRNAM WOOD DR

FARRELL BOWEN EA

FORGE 2022 LLC

$15,050,000

5/20/2022

1017 E ORTEGA ST

FUENTES EDUARDO

NEVAREZ MARIA EA

$375,000

5/17/2022

1015 E ORTEGA ST

NEVAREZ MARIA EA

FUENTES EDUARDO EU

$562,500

5/17/2022

860 HIGHLAND DR 4

ULANCH RYAN EU

JOHANSEN THOMAS

$911,000

5/20/2022

335 W MICHELTORENA ST

LA POINTE ROBERT EU

KARNOFSKI KENT

$1,140,000

5/19/2022

222 REEF CT

SCOTT KARYN EA

THOMAS CRAIG EA

$1,425,000

5/17/2022

314 W DE LA GUERRA ST C

LAPIN CLAUDIA EA

HAHN JODY EU

$1,600,000

5/17/2022

2940 DE LA VINA ST

O’CONNOR KEVIN EA

OF THE VINE LLC

$1,785,000

5/20/2022

4531 CARRIAGE HILL DR

FARTHING VIRGINIA EA

COHEN-BROWN JESICA

$1,800,000

5/18/2022

2048 ELISE WAY

STREIFF JANE EA

ESFANDI SEPEHR EA

$2,100,000

5/20/2022

922 FELLOWSHIP RD

KISTLER ELIZABETH EA

FREEMAN LESLIE

$2,185,000

5/18/2022

CARPINTERIA

GOLETA

LOMPOC

MONTECITO

SANTA BARBARA

DATE

Continued on page 12 E10

SANTA BARBARA NEWS-PRESS REAL ESTATE

SUNDAY, JUNE 5, 2022

T H E F I N E ST M O N T E C I TO & S A N TA B A R B A R A H O M E S

N E W L I S T I N G • 12 0 9 C I M A L I N D A L A N E • O F F E R E D A T $ 7, 9 5 0 , 0 0 0

S T U N N I N G S PA N I S H - S T Y L E M O N T E C I T O R E S I D E N C E • O P E N T O D AY 1 - 3 P M Re-designed and re-envisioned by noted local Architect Don Nulty and showcasing a stunning, bright, and spacious ambiance, this very private and beautiful Spanish-style Montecito residence makes the perfect primary or secondary residence. Featuring 2 bedrooms, 2 full and 1 half bath, a gorgeous living room featuring a vaulted ceiling and anchored by a handsome fireplace, gourmet kitchen with top-of-the-line appliances, sitting room, dining area and the garden area with an expansive patio, multiple dining and entertaining areas complement the views of the ocean across a sylvan and idyllic landscape. An attached yet separate studio, possible 3rd bedroom and bath, is accessed via a breezeway which also serves as an additional upper-level patio area or via an exterior staircase.

1

#

Cristal Clarke arkee is the #1 Agent. ly and nd Globally.

Glob G * Locally

8 0 5 . 8 8 6 .9378 | C r i s t a l @ M o n t e c i t o - E s t a t e . c o m | M o n t e c i t o - E s t a t e . c o m | D R E 0 0 96 8247 ©2022 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Cristal ranked the #1 individual agent based on sales volume & units in the Santa Barbara MLS & the #1 individual agent worldwide for Berkshire Hathaway HomeServices based on production for 2020 and 2021. As of 12/31/2021.*

SANTA BARBARA NEWS-PRESS REAL ESTATE

SUNDAY, JUNE 5, 2022

E11

Continued from page 10

Santa BarBara County SaleS AREA

ADDRESS

SELLER

1000 PALOMINO RD

BRANDT JOAN EA

AMMEN JONATHAN

$2,350,000

5/16/2022

2301 STATE ST

WATERLOO DIANE EA

AZBELL SHELLEY EA

$2,413,000

5/16/2022

3971 FOOTHILL RD

ZACHRISSON DEANNA EA

DEMARTINI KEITH EA

$2,430,000

5/17/2022

1260 NORTHRIDGE RD

RYERSON NAOMI EA

STANBURY IRENE EA

$3,200,000

5/16/2022

407 LAS ROBLES LN

BIEDERMAN DANIEL EA

CARKONEN NICHOLAS EU

$3,950,000

5/18/2022

3111 S TRISHA CT

KINYON KEVIN EU

CAICCO VINCENZA

$298,500

5/17/2022

821 GREENACRE DR

RUMP ALBERT EA

SLO ENTERPRISE LLC

$315,000

5/19/2022

3490 SANTA MARIA 108F

MCCLUNG JEFFREY

GERARDO FRANKIE

$330,000

5/20/2022

1181 SUMNER PL B

FOWLER MARK

BOWWNLEE THOMAS

$375,000

5/19/2022

568 PRIMROSE LN

GOFF CHARLES EA

MIRANDA MARIA

$445,000

5/18/2022

1272 KEN AVE

GEORGI DAVID EA

MONIS-HERNANDEZ BRIANA EU

$450,000

5/17/2022

814 E TUNNELL ST

FUJINAMI KENETH EU

ALVAREZ-FLORES VEDAMARIE

$455,000

5/17/2022

921 N DEJOY ST

SLOAN DERWIN

CASTELLANO MANUEL EA

$535,000

5/19/2022

1322 GLINES AVE

ALLDREDGE ROBERT EA

DELL KATRINA

$550,000

5/20/2022

501 HIGHLAND DR

VITIELLO LORRAINE EA

DELL KATRINA

$560,000

5/20/2022

1154 KIT WAY

HUNTER DOUGLAS

BRECKENRIDGE PROPERTY FUND

$575,000

5/17/2022

2431 DIVIDE WAY

KANTOROWSKI, ERIC J

ALST ESAM

$590,000

5/17/2022

3661 LOS PADRES RD

REDWOOD HOLDINGS

ETTEDDGUE MICHAEL EU

$607,500

5/19/2022

1172 RICE RANCH RD

VIJELAS LLC

DAMRON SETH EU

$625,000

5/20/2022

2424 LA COSTA DR

CHICO CEAZAR EA

CLARKSON JOHN EA

$725,000

5/17/2022

3106 BUNFILL DR

SCHNORF MARK EA

MURAVEZ KEVIN EU

$760,000

5/20/2022

1167 HASTINGS CT

HILES ANNE EU

HANKE DAVID EA

$850,000

5/20/2022

1444 W MCCOY LN

LEHIGH INDUSTRIES INC

PRINCETON CASE-WEST INC

$1,100,000

5/19/2022

2490 GOLDEN GATE AVE

WEGNER ELENA

BRYAN ELAINE EA

$2,050,000

5/17/2022

2211 LILLIE AVE

BRANCH BROOKS EA

2211 LILLIE AVE SPE LLC

$2,300,000

5/19/2022

SANTA YNEZ

4910 BASELINE AVE

NAT’S FARM LLC

TAYLOR DAVID EA

$3,842,000

5/17/2022

UNICORP

440 E SAN NICOLAS ST

GARZA NANCY EU

GONZALES ROCKY EA

$214,000

5/19/2022

1226 E FESLER ST

CLINE RICHARD EA

AREVALO BAZIL EU

$360,000

5/20/2022

1700 N LYNNE DR 18

NORTHSTAR ACQUIUSITIONS

GRACE YVONNE

$365,000

5/20/2022

1445 CALLE MARANA

FANNIE MAE EA

RAMOS SALVADOR

$435,000

5/17/2022

201 N Y ST

PROIETTY MARTIN

RAMOS ADAN

$550,000

5/16/2022

594 CARINA DR

CARLSON TEAGAN EU

RAMIREZ NOE EU

$555,000

5/20/2022

1510 JERRY LN

HUYNH ALAN

RODRIGUEZ GABRIEL EU

$590,000

5/20/2022

932 TYLER DR

BERARD DEBORAH EA

FOREST FAITH EU

$590,000

5/20/2022

4212 CENTAUR AVE

DRUS ALICE EA

MUSHINSKIE TERESA EU

$630,000

5/18/2022

195 OAKMONT AVE

YAKOWENKO MICHAEL EA

SANTANA CYNTHIA EU

$790,000

5/20/2022

10 CHAMISO DR

ORTON JOHN G TRUSTEE

THOMPSON TRACEY EU

$800,000

5/19/2022

220 S PALISADE DR 202B

OUELLET DAVID F EU

JAEGER LEAH

$850,000

5/18/2022

494 ST ANDREWS WAY

SIMS MICHAEL EA

BROCK KYLE EU

$875,000

5/17/2022

4386 GREENBRIER RD

GLAZE RANDALL EA

VADEN CHARLES EU

$1,120,000

5/20/2022

18 HOLLISTER RANCH

PUTNAM SCOTT TRUSTEE

HR BELVEDERE CA LLC

$3,200,000

5/20/2022

SANTA BARBARA

SANTA MARIA

SUMMERLAND

E12

SANTA BARBARA NEWS-PRESS REAL ESTATE

BUYER

SUNDAY, JUNE 5, 2022

PRICE

DATE

Open House on Sunday, June 5th, 2-5pm For detailed information, please visit: TheCottagesCarpinteria.com

Cottage 1 5130 OGAN ROAD 2-story home with 3 bedrooms plus 4th optional bedroom or office, and 4 full baths.

Priced at $2,295,000

Cottage 2 5140 OGAN ROAD 1-story home with 3 bedrooms plus 4th optional bedroom or office, and 2½ baths.

Priced at $2,195,000

TheCottagesCarpinteria.com Five brand-new custom homes offering varied design yet sharing a singular commitment to quality, The Cottages Carpinteria offers 1 - and 2-story, 3-bedroom homes, all with desirable features such as an optional fourth bedroom or office, full laundry room, mud room, soaring ceilings, solar panels, air conditioning, and ample storage throughout, with built-in cabinets and thoughtful design finishes.

The Cottages range from 2,048 to 2,525 square feet. The first two of five homes, at 5130 and 5140 Ogan Road, are available for viewing.

Yolanda Van Wingerden 805.570.4965 Yolanda@BHHSCAL.com DRE # 01308141

© 2022 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 obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

SANTA BARBARA NEWS-PRESS REAL ESTATE

SUNDAY, JUNE 5, 2022

E13

To view this weekend’s Open Home Guide and all other Real Estate for sale or rent go to: newspress.com – click on Special Editions, House & Home

carpiNtEria

saN roquE

1-4 $2,995,000 3233 Serena Avenue 3/2.5 Spectacular 3 bed 2 bath mid-century ranch style home, extensive renovations, private and serene sanctuary. Located in a creekside setting refinished 2 car garage and a brand new metal roof.

1-4 $2,149,000 206 Calle Granada 3/2 This wonderful vintage home is located in a prime San Roque Location with Peabody School just around the corner.

Dynasty Real Estate Patrick Maiani 805-886-0799

Village Properties Ron Dickman

# 01440541

East BEach

805-689-3135

# 00895030

saN roquE

2-4 $1,675,000 555 E. Montecito St. 3/3.5 Spacious 2100+ sq. ft. Townhouse Blocks to the Beach & Downtown

12-5 $2,495,000 409 Lincolnwood Pl 4/3.5 Welcome to Casa del Sol, a custom Spanish home on a cul-de-sac in the coveted San Roque neighborhood. This 4-bed | 3.5-bath home offers 2334 SF of living space completely renovated.

Village Properties Tomi Spaw

Zia Group | eXp Realty California Kimberly Rockwell 805-698-8848

805-698-7007

# 00545125

# 01482947

VENtura

East sidE - uppEr $3,550,000 2531 Santa Barbara St 4/3.5 12-3 Desirable Upper East location near Mission, parks, schools & downtown. Iconic English Tudor custom built in 1980, winner of Santa Barbara Beautiful Award! TWO 2-car garages + ADU potential! Must see to appreciate!

1-3 $789,000 1368 Winford Ave. 4/2 Updated and inviting 4 bed/2 bath home located in an established residential neighborhood. This one is not to be missed!

Pacific Crest Realty Staci Caplan

Village Properties Anna Hansen

805-886-3970

# 01450103

GolEta North 10-1 $1,399,000 5692 Encina Road 3/2 New Listing! Kellogg School attendance area.3b/2b with 1,435 sq ft. New flooring and paint. Corner lot with private rear yard. Close to everything.

Village Properties Cimme Eordanidis

805-722-8480

# 01745878

1-4 $1,399,000 5692 Encina Road 3/2 New Listing! Kellogg School attendance area.3b/2b with 1,435 sq ft. New flooring and paint. Corner lot with private rear yard. Close to everything.

805-637-6407

# 01268751

GolEta North 12-3 $1,499,000 5510 Somerset Drive 3/2.5 This unique and flexible property has major potential and is in the coveted Kellogg School attendance area on a beautiful street Village Properties Brenda Hoppers

805-455-3272

# 01712742

OPEN HOME Directory Today’s

GolEta North

Village Properties Lynda Bohnett

805-901-0248

# 02133758

To view this weekend’s Open Home Guide and all other Real Estate for sale or rent go to: newspress.com – Got to Real Estate

EAST OF STATE

2444 Santa Barbara St. 4/3 1-3 $1,999,000 Fabulous location close to SB Mission. Redone modern home w/ pool perfect for entertaining! http://www.bhhscalifornia.com/19-3346 Berkshire Hathaway HomeServices California Properties Katya Sheets 805-766-4235 # 01818061

To place your Open Home in our EAST SIDE - LOWER Directory we have an easy-to-use form can be found here: https://forms.gle/mgUcQNbC4WTk5mai8 1230 Carpinteria St. 12-2 $944,900 3/2 Single Level. Fenced yards, cathedral ceilings, gas fireplace and dual-pane windows throughout. Master Bedroom has walk-in closet and slider doors leading to the secure backyard.

Keller Williams Parker Shaw

805-452-6736

#1740891

To obtain this link, please e-mail: EAST SIDE - UPPER

openhomes@newspress.com 610 East Pedregosa St. 4/4 1-3 $1,799,000 French Country Cottage combines the stylish living of this historic area with the beauty of the Santa Barbara outdoors.

We will send you the link.

MoNtEcito - loWEr VillaGE 1-3 $7,950,000 1209 Cima Linda Lane 2/2.5 Elegant Spanish-style residence re-designed and re-envisioned by noted local Architect Don Nulty.

Showcasing a stunning, bright, and spacious ambiance.

Berkshire Hathaway Nigel Copley 805-455-4419

# 01913304

MoNtEcito - loWEr VillaGE 1-3 $4,775,000 80 Chase Drive 4/4.5 Mid-century modern residence designed by Shubin + Donaldson with stunning views.

Berkshire Hathaway Cristal Clarke 805-886-9378

E14

# 00968247

SANTA BARBARA NEWS-PRESS REAL ESTATE

Sotheby’s International Realty Mia Teetsel 805-202-9118 1011 Rinconada Rd # G 3/2.5 1-3 $1,516,000 Stunning Medt. Townhome, Spacious 2457sqft mtn. views, huge private patio & yard, 2 car attch garage.

Keller Williams Montecito Janice Laney 805-705-6474

#1794041

As a reminder, all OHD ads are due by 5p.m. on Wednesdays for the following Saturday and Sunday publications.

We look forward to working with you and continuing to improve our relationship.

SUNDAY, JUNE 5, 2022

BUSINESS 30

MANUFACTURED HOMES 240

MANUFACTURED HOMES 240

Gina M. Meyers (805) 898-4250 gmeyers@cbcworldwide.com Local Knowledge - Global Network 3820 State St., Santa Barbara, CA 93105 CalRE#00882147

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INSTALL TILE?

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(805) 705-4353 cell

Place your ad in the Service Directory in the News-Press Classified Section and let us help you build your business.

reynestapelmann@cox.net www.HomesInSB.com

CALL 805-963-4391

CRS, GRI, ABR, SRES, SFR Top 4% of all Berkshire Hathaway HomeServices Realtors Nationwide

CalBRE 01347808

Classified: email: classad@newspress.com

Houses 70

or email: classad@newspress.com

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BUSINESS OPPORTUNITY 710

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$ Mike and Kyle The Richardson Team 805-963-1704 Team@mrrealtors.com www.mrrealtors.com License #00635254

“THANK YOU to the doctors, nurses, and staff at Cottage Hospital and Sansum Clinic for keeping our community safe and healthy.

We appreciate you!”

, . # - &+)"- +&"*-$*

Do you need to find a good home for your pet?

Dogs • Cats • Guinea Pigs • Hampsters Rabbits • Birds • Even Horses.

Did I mention fish?

Try our classified section in the

Santa Barbara News-Press email: classad@newspress.com SANTA BARBARA NEWS-PRESS

REAL ESTATE

Call now to price your business

Oxnard B&W Mkt $750 Back on mkt! Gross: $145K mo.

Exc. location. Rent only $4900

NEW : Busy Chicken Rest $199+ Food Inv. Fully Remodeled. Pkg.

Hope Ranch 3180

Pets

Sharon E. Hills 805-899-2919 Se Habla Espanol Call for FREE Consultation WE HAVE BUYERS FOR LIQUOR MKTS - ELECTRONICS BIZ

NEW : Corner Deli/Market $79K

2%.4!,3

"USINESS 2 % 'ENERAL #ONDOS 0 5 $ (OUSES 3HARED %QUITY "ALLARD "UELLTON #ARPINTERIA 'AVIOTA 'OLETA (OPE 2ANCH ,OMPOC ,OS !LAMOS ,OS /LIVOS -ONTECITO 3ANTA -ARIA -ORE -ESA 2ANCHO %MBARCADERO 3ANTA 9NEZ 3OLVANG 3UMMERLAND /THER 3 " 0ROP -ANUFACTURED (OMES 3 , / #OUNTY 6ENTURA #OUNTY /UT OF #OUNTY /UT OF 3TATE "EACH (OMES "EACH 0ROPERTY $ESERT -OUNTAIN 0ROPERTY 2ANCH !CREAGE $EVELOPMENT 0ROP %XCHANGES 2ECREATIONAL 4IME 3HARE 6ACANT ,OTS 2EAL %STATE ,OANS )NVESTMENT 2% 7ANTED 2EAL %STATE )NFO )NVESTMENTS ,OANS 3TOCK 4RADING 4RUST $EEDS

BUSINESS 30

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BUSINESS 30

NEW : Plumbing Biz Earned $117K Owner/Operator income in 2021.

State of CA requires this service!

Nail Salon & Spa $225K New build-out. Profitable.

Hi-traffic State St. location.

Yogurt Shop $249K + Inv Owner earns $100k in 6 hrs daily Self-Serve. Shopping Ctr. Parking

Oxnard Laundromat $599K

1445 Estrella Drive –Main Hope Ranch House – Updated

New machines in 2018. Prime hi-traffic location with parking.

4bd 3.5bth Fireplaces Pool 3 Car Garage, W/D + 2bd 1bth Guest House, Gated & Fenced Property, EV Hook-Up, Pets Okay, Year Lease, $21,300/Month* *Equestrian Facilities not included Inquire for Pricing Gallagher Prop Mgmt 805-682-8433 CA DRE #00827584

2021 Absentee owner earned $87,752 Jan. sales $37,217. Busy strip

Are you a

Caregiver?

Handyman?

Plumber?

Absent owner earned $96,575!

Oxnard B&W Mkt $230K Corner Liquor Str/Mkt $425K +Inv. Type 21 Liquor Lic. 2019: $90K to owner/operator New wall of coolers added!

Car Rental Franchise $150K+ Inv. Travel is back! Income rising!

129 E. Anapamu Bldg $2.2 M Type 47 License worth $300K Lowers Bldg price to $1.9 M

Great RESTAURANTS 4 LEASE!

Let us help you build your business.

Place your ad in the Service Directory.

SOLD: Fast Food Restaurant $150K SOLD: Floral Shop $525K SOLD: Goleta Cafe $100K SOLD: Montecito Boutique $225K SOLD: Frame Shop $79K SOLD: Electronics Assy.

SOLD: 2 Wine Bars (SB/SY)

To place your ad CALL (805) 963-4391 or email: classad@ newspress.com

Restaurant Specialist Leasing - Sales www.SBBusinessBrokers.com Sharon@SBBusinessBrokers.com

SUNDAY, JUNE 5, 2022

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OPEN SUN 1-4

OPEN SUN 10-1, SUN 1-4

206 Calle Granada | Santa Barbara | 3BD/2BA DRE 00895030 | Offered at $2,149,000 Ron Dickman 805.689.3135

5692 Encina Rd | Goleta | 3BD/2BA DRE 00938841 | Offered at $1,399,000 Bob Curtis 805.895.1951

888 Lilac Dr | Montecito | 6BD/8BA DRE 01447045 | Offered at $33,500,000 Riskin Partners Estate Group 805.565.8600

3599 Padaro Ln | Carpinteria | 5BD/6BA DRE 01397913 | Offered at $29,500,000 Emily Kellenberger 805.252.2773

560 Toro Canyon Park Rd | Montecito | 6BD/10BA DRE 01447045 | Offered at $26,500,000 Riskin Partners Estate Group 805.565.8600

1220 Franklin Ranch Rd | Goleta | 3BD/5BA DRE 01463617 | Offered at $12,500,000 Knight Real Estate Group 805.895.4406

2347 E Valley Rd | Montecito | 6BD/8BA DRE 01402612 | Offered at $5,995,000 Marcy Bazzani 805.717.0450

1530 Willina Ln | Montecito | 3BD/4BA DRE 01447045 | Offered at $5,995,000 Riskin Partners Estate Group 805.565.8600

4815 Sandyland Rd Unit A | Carpinteria | 4BD/4BA DRE 01391451 | Offered at $3,975,000 Lynn Z Gates 805.705.4942

3400 Los Pinos Dr | Santa Barbara | 3BD/4BA DRE 00756919 | Offered at $3,650,000 Manzo Lough Team 805.570.7274

1479 Theresa St | Carpinteria | 4BD/3BA DRE 01231746 | Offered at $1,595,000 Hugo Mendez 805.570.9198

2646 Calle Real #1 & #2 | Santa Barbara | 5BD/2BA DRE 00475295 | Offered at $1,595,000 Loyd Applegate 805.570.4935

OPEN SUN 2-4

2340 Varley St | Summerland | 3BD/1BA DRE 00780607/01462628 | Offered at $2,495,000 Henderson/Madden 805.689.1066

555 E Montecito St | Santa Barbara | 3BD/4BA DRE 00545125 | Offered at $1,675,000 Tomi Spaw 805.698.7007

OPEN SUN 1-4

OPEN SUN 1-3

5510 Somerset Dr | Goleta | 3BD/3BA DRE 01035763 | Offered at $1,499,000 Lynette Naour 805.705.6539

824 E Montecito St | Santa Barbara | 2BD/2BA DRE 01964710 | Offered at $1,295,000 David Magid 805.451.0402

121 N Dos Caminos Ave | Ventura | 2BD/2BA DRE 01712742 | Offered at $997,000 Anna Hansen 805.901.0248

1368 Winford Ave | Ventura | 4BD/2BA DRE 01712742/01712742 | Offered at $789,000 Abbott, Hall/Hansen 805.681.8800

LOCAL LY OWN E D | G LO BA L LY C O N N ECT E D WE REACH A GLOBAL AUDIENCE THROUGH OUR EXCLUS IVE AFFILIAT ES GREATER EXPOSURE WITH UNPARALLELED LOCAL EXPERTISE All information provided is deemed reliable, but has not been verified and we do not guarantee it. We recommend that buyers make their own inquiries.

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SANTA BARBARA NEWS-PRESS REAL ESTATE

SUNDAY, JUNE 5, 2022