&H
HOUSE
OME
THE ULTIMATE CENTRAL COAST REAL ESTATE SOURCE
Cover home presented by Randy Solakian Estates Group Coldwell Banker See details on page E-2 Sunday, June 5, 2022
A Unique Perspective on the Mesa Views // Charm // Privacy $2,850,000
C O L D W E L L B A N K E R RESIDENTIAL BROKERAGE
M O N T E C I T O E S TAT E S. C O M
The Premiere Estates of Montecito & Santa Barbara CAL BRE 00622258
805 565/2208 The property information herein is derived from various sources that may include, but not be limited to, county records and the Multiple Listing Service, and it may include approximations. Although the information is believed to be accurate, it is not warranted and you should not rely upon it without personal ]LYPÄJH[PVU 9LHS LZ[H[L HNLU[Z HɉSPH[LK ^P[O *VSK^LSS )HURLY 9LZPKLU[PHS )YVRLYHNL HYL PUKLWLUKLU[ JVU[YHJ[VY HNLU[Z HUK HYL UV[ LTWSV`LLZ VM [OL *VTWHU` *VSK^LSS )HURLY 9LZPKLU[PHS )YVRLYHNL (SS 9PNO[Z 9LZLY]LK *VSK^LSS )HURLY 9LZPKLU[PHS )YVRLYHNL M\SS` Z\WWVY[Z [OL WYPUJPWSLZ VM [OL -HPY /V\ZPUN (J[ HUK [OL ,X\HS 6WWVY[\UP[` (J[ 6^ULK I` H Z\IZPKPHY` VM 59; 33* *VSK^LSS )HURLY [OL *VSK^LSS )HURLY 3VNV *VSK^LSS )HURLY .SVIHS 3\_\Y` HUK [OL *VSK^LSS )HURLY .SVIHS 3\_\Y` SVNV ZLY]PJL THYRZ HYL YLNPZ[LYLK VY WLUKPUN YLNPZ[YH[PVUZ V^ULK I` *VSK^LSS )HURLY 9LHS ,Z[H[L 33*
E2
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
Open HOmes
&H
HOUSE
Open Homes Directory ......................................... E-14
Publishing LLC
Classified Real Estate ............................................................ E-15 Residential Property.............................................. E-15 Commercial Property.. .......................................... E-15 Rentals................................................................... E-15
What’s Your Story ? Do you have a story to share with our News-Press readers? Let us get to know you! We would like to publish it in the Sunday House & Home publication.
“What’s Your Story?”
You may submit your article in 600 words or less, with photos if available, to: House & Home Publication Santa Barbara News-Press P.O. Box 1359 Santa Barbara, CA 93102 or email us at: houseandhome@newspress.com. Subject line: House & Home Publication Photos can be submitted digitally (jpeg format/at least 200 dpi)
newspress.com
OME
Wendy McCaw.......................................................... Co-Publisher Arthur Von Wiesenberger.......................................... Co-Publisher To appear in House & Home, Contact our staff at realestate@newspress.com House & Home is a product of the Classified Advertising Department of the Santa Barbara News-Press. newspress.com newspress.com is a local virtual community network providing information about Santa Barbara, in addition to the online Association of the Santa Barbara News-Press. ©2022 Santa Barbara News-Press All rights are reserved on material produced by the News-Press, including stories, photos, graphics, maps and advertising. News-Press material is the property of Ampersand Publishing, LLC. Reproduction or nonpersonal usage for any purpose without written permission of the News-Press is expressly prohibited. Other material, including news service stories, comics, syndicated features and columns may be protected by separate copyrights and trademarks. Their presentation by the News-Press is with permission limited to one-time publication and does not permit other use without written release by the original rights holder.
SANTA BARBARA NEWS-PRESS REAL ESTATE
Views expressed in the articles of House & Home are the views of the author, and do not necessarily reflect the views of the Santa Barabara News-Press.
SUNDAY, JUNE 5, 2022
E3
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
E4
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, JUNE 5, 2022
TAKE A TOUR TODAY
at bhhscalifornia.com
OPEN SUN 2-4
607 SAND POINT RD, CARPINTERIA 4BD/4BA • $23,000,000 Cristal Clarke, 805.886.9378 LIC# 00968247
4343 MARINA DR, SANTA BARBARA 3BD/3BA; ±2.42 acres • $14,995,000 Cristal Clarke, 805.886.9378 LIC# 00968247
OPEN SUN 3-5
840 IVY LN, SANTA BARBARA 4BD/2½BA; ±1 acre • $7,600,000 Daniel Encell, 805.565.4896 LIC# 00976141 OPEN SUN 12-2
2899 BUCKBOARD LN, SOLVANG 3BD/4BA + 2 offices; ±0.79 acre • $2,495,000 Cammy Godeck-Pinoli, 805.452.9725 LIC# 02074002
800 HOT SPRINGS RD, MONTECITO 4BD/4BA • $8,950,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514 OPEN SUN 12-3
500 MEADOW WOOD LN, MONTECITO 4BD/3BA + 2 offices • $6,650,000 Daniel Encell, 805.565.4896 LIC# 00976141
3615 ROBLAR AVE, SANTA YNEZ 4BD/3½BA + GH; ±20 acres • $5,500,000 Laura Drammer, 805.448.7500 LIC# 01209580
621 COWLES RD, MONTECITO 4BD/5BA; ±1 acre • $4,550,000 Deborah Samuel, 805.570.6680 LIC# 02119798
OPEN SUN 1-3
OPEN SUN 1-4
1086 VIA LOS PADRES, SANTA BARBARA 3BD/2BA + office; ±.60 acre • $3,250,000 Chase Enright, 805.708.4057 LIC# 01800599 OPEN SUN 2-5
3622 CAPRI DR, SANTA BARBARA 3BD/2BA • $2,495,000 Team Scarborough, 805.331.1465 LIC# 01182792
OPEN SUN 2-5
1447 REMINGTON DR, SANTA YNEZ 4BD/2BA • $2,400,000 Anderson / Hurst, 805.618.8747 LIC# 01903215 / 00826530
1535 COUGAR RIDGE RD, BUELLTON 5BD/3½BA + office; ± 20.11 acs • $2,375,000 Laura Drammer, 805.448.7500 LIC# 01209580
OPEN SUN 1-3
5140 OGAN RD, CARPINTERIA 4BD/2½BA • $2,195,000 Yolanda Van Wingerden, 805.570.4965 LIC# 01308141
502 PICACHO LN, MONTECITO 4BD/4½BA + office • $7,995,000 Marsha Kotlyar Estate Group, 805.565.4014 LIC# 01426886
523 MYRTLE CT, SOLVANG 4BD/2½BA; ±.39 acre • $1,850,000 Laura Drammer, 805.448.7500 LIC# 199501434 / 01317331
5130 OGAN RD, CARPINTERIA 4BD/4BA • $2,295,000 Yolanda Van Wingerden, 805.570.4965 LIC# 01308141 OPEN SUN 1-4
5001 SUNGATE RANCH RD, SB 3BD/2½BA • $1,750,000 Heather Porter, 805.403.1001 LIC# 02000343
1790 GLEN OAKS DR, MONTECITO ±1.15 acres • $1,695,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514
240 LEXINGTON AVE, GOLETA 5BD/3BA • $1,595,000 Kathy Strand Spieler, 805.895.6326 LIC# 00851281
OPEN SUN 2-4
00 FOOTHILL RD, NEW CUYAMA ±50 acres • $1,500,000 Katya Sheets / Sunnie Maxwell, 805.708.2323 LIC# 02061444 / 01463861
3053 MARILYN WY, SANTA BARBARA 3BD/2BA • $1,495,000 Rachel E Brown, 805.570.7160 LIC# 01950975
622 W SOLA ST, SANTA BARBARA 2BD/1BA + 1BD/1BA • $1,395,000 Bill Urbany & Alisa Pepper, 805.570.5680 LIC# 00717028 / 01347807
210 E HIGHWAY 246, BUELLTON 2 homes; ±1 acre; river view lot • $1,349,000 Jamie Jo Sim, 805.689.5799 LIC# 01234347
4378 TRADEWINDS DR, OXNARD 2BD/2½BA • $950,000 Spechler & Beck RE Group, 805.689.2717 LIC# 00552664 / 01488548
234 3RD ST, SOLVANG 3BD/2BA • $925,000 Efren Pulido, 805.598.4140 LIC# 01527179
2641 FLORENCE AVE, SANGER 3BD/3BA; ±17,080 sf • $675,000 Joe Lopez, 805.354.4642 LIC# 02088810
320 WICKENDEN ST, LOS ALAMOS 3BD/2½BA • $550,000 Deanna Harwood, 805.325.1452 LIC# 00999839
8300 FOOTHILL RD, NEW CUYAMA ±76.43 acres • $450,000 Katya Sheets / Sunnie Maxwell, 805.252.9524 LIC# 02061444 / 01463861
00 FOOTHILL RD, NEW CUYAMA ±40 acres • $250,000 Katya Sheets / Sunnie Maxwell, 805.708.2323 LIC# 02061444 / 01463861
© 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
@BHHSCALIFORNIA
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, JUNE 5, 2022
E5
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
E6
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.
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, JUNE 5, 2022
Luxurious Spanish Colonial compound remodeled to unsurpassed perfection OPEN TODAY: 2 - 4pm
695 Via Hierba | Listed at $12,500,000 Marvelous Mountain Views • Pool & Spa • Outdoor Entertainment Center Guest House • 4-Stall Barn & Turnouts • Multiple Outdoor Patios for Enjoyment
teamscarborough.com
805.331.1465 Jim Scarborough | DRE#01182792 Ann Scarborough | DRE#01050902 Mckenzie Scarborough
Team Scarborough
© 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.
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, JUNE 5, 2022
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.
E8
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
SANTA BARBARA NEWS-PRESS REAL ESTATE
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 $1,516,000 Stunning Medt. Townhome, Spacious 2457sqft mtn. views, huge private patio & yard, 2 car attch garage. Keller Williams Montecito Janice Laney 805-705-6474
#1794041
As a reminder, all OHD ads are due by 5p.m. on Wednesdays for the following Saturday and Sunday publications. We look forward to working with you and continuing to improve our relationship. SUNDAY, JUNE 5, 2022
BUSINESS 30
MANUFACTURED HOMES 240
MANUFACTURED HOMES 240
Gina M. Meyers (805) 898-4250 gmeyers@cbcworldwide.com Local Knowledge - Global Network 3820 State St., Santa Barbara, CA 93105 CalRE#00882147
! !
DO YOU
!
! !! """
"#'-.* ,"&")
INSTALL TILE?
. - . #
(805) 705-4353 cell
Place your ad in the Service Directory in the News-Press Classified Section and let us help you build your business.
reynestapelmann@cox.net www.HomesInSB.com
CALL 805-963-4391
CRS, GRI, ABR, SRES, SFR Top 4% of all Berkshire Hathaway HomeServices Realtors Nationwide
CalBRE 01347808
Classified: email: classad@newspress.com
Houses 70
or email: classad@newspress.com
! #! """
BUSINESS OPPORTUNITY 710
" 11 1 0 "'( ++($.
$ " """ ) 1 1 0 / !
%
1 1 0
Houses 70
Houses 70
$%% '$*
$#
$)".. $ ."*"-(" % #&%-++* #"/'-++*
+&* $*$,
$ 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
#/--%2#)!,
2%!, %34!4%
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
E15
Home is our favorite destination
Exclusive Member of
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.
E16
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, JUNE 5, 2022