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Cover home presented by Julie Greener Sotheby’s International Realty See details on Page E-2
Sunday, August 9, 2020
Montecito Shores
Designer Tree Top Living 87Seaview.com
Find serenity and beauty in this exceptional condo in the finest of taste. This is a designer’s dream, a high end remodel that resonates quality. Beautifully remodeled in 2018. Exquisitely redone kitchen with double drawers, lighted cabinets, Wolf stove top, microwave and oven, Sub-zero refrigerator and gorgeous stone countertops and flooring. The Master Bedroom Suite boasts inset lighting, stunning window coverings, a new Bathroom with mosaic shower in geometric design, unique stone sink, countertops and flooring. Two walk-in closets with built-ins for shoes, drawers for clothes, shelving and double hanging round out this luxurious sanctum. The patio overlooks lush trees and tennis courts in this 3rd floor abode with state of the art air conditioning, privacy and easy access to the pool. This condo is a must see for discriminating buyers who want to be close to the beach and the lower village of Montecito.
Offered at $2,650,000 Presented by
Julie Greener 805.895.4616 | greener.julie@gmail.com
Montecito - East Valley Road Brokerage 1482 East Valley Road, Suite #44 | Montecito, CA 93108 | sothebysrealty.com
© Sotheby’s International Realty, Inc. All rights reserved. Sotheby’s International Realty® is a registered trademark. This material is based upon information which we consider reliable but because it has been supplied by third parties, we cannot represent that it is accurate or complete and it should not be relied upon as such. This offering is subject to errors, omissions, changes including price or withdrawal without notice. If your property is listed with a real estate broker, please disregard. It is not our intention to solicit the offerings of other real estate brokers. We are happy to work with them and cooperate fully. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent contractor sales associates and are not employees of Sotheby’s International Realty, Inc. Equal Housing Opportunity. Julie Greener DRE: 1328234
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SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
Contents Around Town: Village Properties Offers Resources for Homeowners Struggling to pay Mortgage during Pandemic.... 6 HOA Homefront Q&A: Reopening HOA Amenities in the COVID-19 World............... 6
IDEAS & COMMENTARY
HOW TO GROW OLD SELL OR RENT
SBAOR: South Coast Real Estate Market Update ................. 10 Santa Barbara County Sales.................................................... 12
“So that is why I rent my house. It may be the surge in virus related issues, but it’s always booked and it the easiest money I have ever made,” said Frank
Classified Real Estate ........................................................................... E-14 Residential Property............................................................. E-14 Commercial Property.. ......................................................... E-14 Rentals. ................................................................................ E-14
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Why do you live in the Santa Barbara area? Does your family have history here? What interests you? Let us get to know you! Open the Sunday House & Home publication and read “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)
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P
erhaps the biggest decision we have to make as we grow old is what to do with the house. In many cases, it’s the biggest asset we own and is counted on to provide ourselves with a decent retirement. We usually build a lot of equity in the house particularly if we have owned it for many years. But the decision to sell the house has so many ramifications. In many cases, the principal problem can be capital gains particularly in high valued areas such as Santa Barbara. (Capital gains in this case represent the difference between the amount the house is sold for minus the house’s purchase price and, if eligible, credit.) Capital gains, assuming a high bracket, can be particularly onerous in California for several reasons. You could pay an additional tax of 9.3 % on gains here. Second, under the recent changes to federal tax law, California taxes in any large amount are essentially non deductible on our federal tax return. “But I need the money and what I pay in taxes may be irrelevant” is what I hear you say. But in this situation, why not get a mortgage in this very low interest rate environment. The money borrowed may be enough to carry you to the end of your life. The interest paid is also deductible on your tax return. And if you can’t qualify, you might consider a reverse mortgage. It’s more expensive but you don’t have any out of pocket costs until they are paid at the end of any specific term. There is another consideration when you decide to sell. If you purchased your house many years ago, thanks to Proposition 13, your current property taxes may be relatively low. You may have a very low property tax due to Proposition 13. Here is an example of what I mean. Consider two people that each own a house near the beach. The first person bought the house 30 years ago and, based on the original purchase price, might owe $2,000 a year in property tax. The second person, may have just purchased a similar house next door and might have a property tax obligation of $20,000 per year. In the case of the first person, the fixed property taxes add about $400,000 to the value of the house provided the tax benefit can be retained. The benefits of Proposition 13, which give people predictability about their taxes and have allowed seniors on a fixed income to stay in their homes, is probably the only tax benefit in our high tax state of California. The last point, applicable to those who took advantage of a mortgage, you might give up a good, low interest loan. Renting your house is another option that should be considered by seniors. You can consider either short-term rentals through companies such as Airbnb or long term rentals through a local realtor. What are the benefits of renting? First, you save on the onerous taxes on both the state and federal level. Second, you preserve a very low Proposition 13 property tax rate. Third, if your house mortgage is paid off or has a low mortgage, the rent you receive for a house that has appreciated significantly over the years, could provide some important income. Fourth, there are some significant tax advantages when you rent out your house. Property taxes can be written off as a rental expense as well as many other expenses of maintaining the property – expenses that you previously had to cover completely. Lastly, and potentially most importantly, by renting your house you retain the opportunity to keep the appreciation on the house. It would not be unreasonable to see homes in Santa Barbara appreciate in value by 25 percent over the next ten years if historical trend continue. So that is why I rent my house. It may be the surge in virus related issues, but it’s always booked and it the easiest money I have ever made. Your home is your castle. Carefully consider all your options before you give too much of it away to the marauding knights from the IRS.
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. 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.
SANTA BARBARA NEWS-PRESS REAL ESTATE
Frank McGinity 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) Ideas and comments are not necessarily the views of The Santa Barbara News-Press.
SUNDAY, AUGUST 9, 2020
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For those who seek an exceptional life NEW LISTING | 2408CALLEGALICIA.COM
NEW LISTING | 1460BONNYMEDEDRIVE.COM
Sea Meadow Sanctuary SANTA BARBARA | 4BD/4BA/2HBA | $7,950,000
Maureen McDermut 805.570.5545 NEW LISTING | 650STODDARDLANE.COM
Lovely Westwood Hills Mesa Home
Quintessential Montecito Compound
SANTA BARBARA | 4BD/2BA | $1,249,000
MONTECITO | 5BD/4BA | $5,129,000
Paula Goodwin 805.451.5699
S. Stahl 805.689.1602 , J. Longstreth 805.705.4120
1185FIFE.COM
NEW LISTING | 1321SCHOOLHOUSERD.COM
1463VICENTIPLACE.COM
Premier Birnam Wood Golf Club Home
Enchanting Montecito Tudor
Montecito’s Exclusive Sea Meadow
MONTECITO | 5BD/6BA/1HBA | $5,000,000
SANTA BARBARA | 4BD/5BA/1HBA | $4,995,000
MONTECITO | 2BD/2BA/1HBA | $4,200,000
Harry Kolb 805.452.2500
Maureen McDermut 805.570.5545
Jason Siemens 805.455.1165
NEW LISTING | 2069BOUNDARYDRIVE.COM
1326HILLCREST.COM
NEW LISTING | 1097MOCKINGBIRD.COM
Birnam Wood Beauty
Upper Riviera Legacy Property
1097 Mockingbird Lane
MONTECITO | 3BD/5BA | $4,195,000
SANTA BARBARA | 3BD/3BA | $3,750,000
SANTA BARBARA | 5BD/4BA/1HBA | $3,150,000
Maureen McDermut 805.570.5545
The Olivers 805.680.6524
Daniel Carpenter 805.770.0889
Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks used with permission. Operated by Sotheby’s International Realty, Inc. Real estate agents affiliated with Sotheby’s International Realty, Inc. are independent
contractor sales associates and are not employees of Sotheby’s International Realty, Inc. DRE License Numbers for All Featured Agents: Paula Goodwin: 1326582 | Harry Kolb: 00714226 | Maureen McDermut: 1175027 | Jason Siemens: 1886104 | Christine Oliver: 949938 | Fal Oliver: 1068228 | Daniel Carpenter: 1787203 | Frank Abatemarco: 1320375 | Carolyn Friedman: 1080272 | Sandy Stahl: 1040095 | Jake Longstreth: 2090236 | Dusty Baker: 1908615 | Frank Abatemarco: 1320375 | Robert Heckes: 01723319 | Laura Collector: 1328234 | Nico Pollero: 2015085 | Jessica Schley: 2011010 | Taryn Martin: 1995581 | Sandy Lipowski: 1355215 | Patty Murphy: 766586
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SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
NEW LISTING | 1119ALSTONRD.COM
4285CARPINTERIA.COM
NEW LISTING | 5511CALLEARENA.COM
Montecito Architectural Estate
New Development Opportunity
5511 Calle Arena
MONTECITO | 7BD/9BA/1HBA | $2,995,000
CARPINTERIA | $2,900,000
CARPINTERIA | 3BD/3BA | $2,475,000
Frank Abatemarco 805.450.7477
Carolyn Friedman 805.886.3838
S. Stahl 805.689.1602 , J. Longstreth 805.705.4120
1406APS.COM
NEW LISTING | 2119SUMMERLANDHEIGHTS.COM
NEW LISTING | 745GRAND.COM
Pristine Riviera Spanish
Ocean View Designer Retreat
Ocean View Craftsman Home
SANTA BARBARA | 3BD/2BA/1HBA | $2,475,000
SANTA BARBARA | 3BD/2BA/1HBA | $2,475,000
SANTA BARBARA | 4BD/3BA | $1,950,000
Dusty Baker 805.570.0102
Frank Abatemarco 805.450.7477
Robert Heckes 805.637.0047
NEW LISTING | 1911CLEVELAND.COM
NEW LISTING | 3083CALLEPINON.COM
1229FARADAY.COM
Ocean View Riviera Charmer
San Roque Charmer
Serene Santa Ynez Living
SANTA BARBARA | 3BD/2BA | $1,595,000
SANTA BARBARA | 2BD/1BA | $1,149,000
SANTA YNEZ | 3BD/2BA | $729,000
Laura Collector 805.451.2306
Nico Pollero 805.450.3552
Jessica Schley 805.350.2922
NEW LISTING | 458THUMBELINADR.COM
397NORTHGATE.COM
3523SAGUNTO.COM
Thumbelina Village Dream Home
Updated Ground-Floor Condo
Rare Commercial Lot in Santa Ynez
BUELLTON | 3BD/2BA | $689,000
GOLETA | 3BD/1BA/1HBA | $599,000
SANTA YNEZ | $530,000
Taryn Martin 805.636.6442
Sandy Lipowski 805.403.3844
Patty Murphy 805.680.8571
MONTECITO | SANTA BARBARA | SANTA YNEZ VALLEY | SOTHEBYSREALTY.COM
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
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Around Town Village Properties Offers Resources for Homeowners Struggling to pay Mortgage during Pandemic Millions of Californians have lost work due to the COVID-19 pandemic, and that’s left many homeowners struggling to make their mortgage payments. In light of this unprecedented job loss, Village Properties, a locally owned real estate agency based in Montecito, has launched a resource page for distressed homeowners with information on types of assistance available to help them stay in their homes. The website page is www.villagesite.com/we-care. Located on the company’s website, the We Care resource center provides comprehensive fact sheets and forms related to mortgage forbearance, mortgage assistance, loans for veterans, and the Coronavirus Aid, Relief, and Economic Security or CARES Act passed by Congress in March. Homeowners in need of help or with questions can also contact Village Properties directly at 805-969-8900. “At Village Properties it is our desire that those who wish to stay in their homes may do so,” said Renee Grubb, owner of Village Properties. “We felt it was vital to make these resources accessible to our community during these uncertain times.” Possible options available to distressed homeowners include mortgage payment forbearance, which involves coming to an agreement with the home servicer or lender to temporarily pause or reduce mortgage payments. The CARES Act allows this option for all borrowers who, either directly or indirectly, experience financial hardship due to the COVID-19 pandemic. U.S. veterans may also be able to obtain mortgage assistance through the Department of Veterans Affairs, including help making up the financial shortfall from the sale of a home that is underwater. Forms on the resource page can be downloaded and used to determine eligibility for assistance programs. Village Properties’ expert agents are readily available to talk with homeowners about their specific real estate needs during these uncertain times.
For information or to contact Village Properties visit https://www.villagesite.com/, email info@villagesite.com, or call 805-969-8900.
HOA Homefront:
Reopening HOA Amenities in the COVID-19 World By Kelly G. Richardson, Esq.
As the seesaw battle of the COVID-19 pandemic continues, HOA boards and managers are torn between the fear of reopening amenities and the desire of residents to enjoy their use. Pools, gyms, and tennis courts are hot issues now as HOAs try to return toward normalcy. Most County Health Departments have specific guidance regarding reopening amenities such as pools, gyms, or tennis courts. In addition, the Center for Disease Control (CDC.gov) and the California Department of Public Health have helpful on-line information. The Community Associations Institute published a comprehensive tenpage document titled “Healthy Communities,” addressing HOAs and the COVID-19 pandemic. It can be found by visiting www. caionline.org or by an internet search for “CAI Healthy Communities.” Liability concerns regarding reopening involve at least two areas — alleged carelessness regarding reopening the amenity or guaranteeing the users’ safety. Most counties have established minimum guidelines of operation regarding reopening of amenities, and HOAs should meet those standards. That can be powerful evidence that can help the HOA in the event a user tried to cast blame for contracting the virus. Another problem is appearing to make a promise the HOA cannot keep. If the user follows all the usage rules, does that guarantee that the user will be safe from the virus? Of course not, so avoid making statements that promise that the rules are to keep the users safe from the virus. It is better to warn users that there is no guarantee the guidelines will prevent any virus transmission, that there is always a risk of other users failing to follow safe practices, and that users should decide upon the level of risk they are willing to accept.
Many HOAs are rushing to have all users sign blanket waiver documents purporting to release the HOA, its board and management from any liability. Consult with HOA legal counsel about the enforceability of blanket releases and consider if the HOA has sufficient staffing to ensure that each user signs the release. California law allows boards to adopt emergency rules, and rules to reopen amenities during the pandemic would fit that description. Those rules should be adopted by the board in open session, and legally only have a maximum duration of 120 days. Consider posting the emergency rules at each amenity entrance, along with a disclaimer reminding users that the rules are no guarantee of safety. Be careful to avoid creating unenforceable rules. Some of the guidelines are not mandatory. Also avoid creating rules the HOA is unable to enforce. One method of enforcement is to have a staff person monitoring compliance, but many HOAs are unable to dedicate a staff member to monitor each amenity. Consider the option of having residents report violations by users. The rules are connected to serious health safety considerations regarding a virus which has killed over 120,000 Americans. This might merit a larger than normal fine. Remember that fines should not be punitive but should be a deterrent. Finally, remember that while reopening of HOA amenities is not mandatory, the emotional health of community residents may benefit greatly from a thoughtful and carefully phased reopening of amenities as permitted by local government. This is a tough time, but we will all get through it. Stay safe and stay healthy.
Share Your Knowledge/Experience On: Financing, Gardening, Plumbing, Home Design You may submit your article in
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) or an original can be mailed with your story.
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SANTA BARBARA NEWS-PRESS REAL ESTATE
Kelly G. Richardson, Esq. is a Fellow of the College of Community Association Lawyers and Senior Partner of Richardson Ober PC, a California law firm known for community association advice. Submit potential column questions to Kelly@ Richardsonober.com. Past columns at www.HOAHomefront.com. All rights reserved®.
SUNDAY, AUGUST 9, 2020
TA K E A V I R T U A L T O U R T O D AY
296 LAS ENTRADAS DR, MONTECITO 6BD/11BA • $28,500,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514
RANCHO CANADA LARGA, VENTURA 6,496± acs • $27,650,000 Kerry Mormann, 805.682.3242 LIC# 00598625
1050 HIGHWAY 246, BUELLTON 4BD/2BA; 148± acs • $9,750,000 Kerry Mormann, 805.682.3242 LIC# 00598625
830 PARK LN, MONTECITO UPPER 5BD/4½BA • $7,995,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514
4098 VIA REAL, CARPINTERIA 15±acs • $6,500,000 Kerry Mormann, 805.682.3242 LIC# 00598625
2166 MISSION RIDGE RD, RIVIERA 5BD/5½BA • $4,950,000 Cristal Clarke, 805.886.9378 LIC# 00968247
999 HOT SPRINGS RD, MONTECITO 4BD/3BA • $4,250,000 Cristal Clarke, 805.886.9378 LIC# 00968247
2029 BOUNDARY DR, MONTECITO 3BD/5BA • $4,175,000 Cristal Clarke, 805.886.9378 LIC# 00968247
990 VIA FRUTERIA, HOPE RANCH 3BD/3BA • $3,750,000 Team Scarborough, 805.331.1465 LIC# 01182792 / 01050902
1721 N REFUGIO RD, SANTA YNEZ 6BD/5+(2)½BA • $3,495,000 Ricardo Munoz, 805.895.8725 LIC# 01505757
1711 HILLCREST RD, RIVIERA 5BD/3½BA • $3,250,000 Cristal Clarke, 805.886.9378 LIC# 00968247
754 WINDING CREEK LN, MONTECITO 4BD/3½BA • $3,185,000 Cristal Clarke, 805.886.9378 LIC# 00968247
2540 WHITNEY AVE, SUMMERLAND 4BD/3½BA • $2,495,000 Daniel Encell, 805.565.4896 LIC# 00976141
4664 BEDROCK CT, SAN ANTONIO CREEK
3BD+Den/3½BA • $2,469,000 Parsons & Young, 805.895.4866 LIC# 00629053 / 01712844
226 OCEAN VIEW AVE, CARPINTERIA 4BD/4BA; 0.43± acs • $2,349,000 Samantha Parrett, 805.448.3357 LIC# 02072626
853 WALNUT RD, SAN ROQUE 4BD/3BA • $1,495,000 Team Scarborough, 805.331.1465 LIC# 01182792 / 01050902
5134 CATHEDRAL OAKS RD, GOLETA 0.93±acs • $1,442,000 Randy Glick, 805.689.7167 / 805.705.3080 LIC# 00950129 / 01953155
647 POR LA MAR CIR#E, EAST BEACH 3BD/2BA • $1,299,500 Spechler & Beck Real Estate, 805.689.2717 LIC# 00552664 / 01488548
350 CHAPALA ST#210, DOWNTOWN 2BD/2BA+Office • $1,149,000 Bill Urbany / Alisa Pepper, 805.331.0248 LIC# 00717028 / 01347807
140 AUGUSTA ST, LOS ALAMOS 3BD/2BA • $799,000 Steve Heller, 805.252.2749 LIC# 00929496 / 01317331
© 2020 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.
BHHSCALIFORNIA.COM
@BHHSCALIFORNIA
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
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241 VALHALLA DRIVE | SOLVANG | $1,250,000 Beautifully remodeled Village Collection home with designer finishes, custom cabinetry, and a fabulous open floorplan for entertaining. Spacious chef’s kitchen, dining room ready to host as many friends and family that you can round up! Outdoor covered pavilion to enjoy year round, dry from the rain and shaded from the sun. 3-car garage plus a bonus workshop for your favorite hobby! It’s not often you find quality this high end ... or a master bedroom walk-in closet like this one has!! Convenient to downtown Solvang for shopping or pathways along the peaceful riverbed where wildlife abounds.
Explore the Property at www.241ValhallaDr.com
MARLENE MACBETH 805.689.2738 M a rl e n e @ M a c b e t h Re a l e s t a t e. c o m DRE #00689627 w w w. M a c b e t h R e a l E s t a t e . c o m
L AU R A D R A M M E R 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
© 2020 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.
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SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
A N O T H E R F I N E P RO P E RT Y R E P R E S E N T E D B Y
D ANIEL E NCELL
• #6 Berkshire Hathaway Agent in the Nation • Wall Street Journal “Top 100â€? Agents Nationwide ANOTHER FINE PROPERTY (out REPRESENTED of overBY 1.3 million) • Graduate of UCLA School of Law and former attorney (with training in Real Estate law, contracts, estate planning, and tax law) • Dedicated and highly trained full-time support team • An expert in the luxury home market
REMEMBER, IT COSTS NO MORE TO WORK WITH THE BEST (BUT IT CAN COST YOU PLENTY IF YOU DON’T)
VISIT: WWW.DANENCELL.COM
Dan Encell “The Real Estate Guy� Phone: (805) 565-4896 DanEncell@aol.com DRE 00976141
EACH YEAR, DAN SPENDS OVER $250,000 IN MARKETING & ADVERTISING!
NEW LISTING!
2271 WHITNEY AVENUE • SUMMERLAND
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OFFERED AT $1,995,000
Š 2020 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. CalDRE#: 00976141
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
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Santa Barbara Board of Realtors
South Coast Real Estate Market Update Second Quarter 2020 As one might imagine, with the unfolding impacts of Covid-19, real estate sales activity for the Santa Barbara South Coast for the first two quarters of 2020 has seen some dramatic shifts. The Santa Barbara Board of Realtors is here to support our community during these unprecedented and challenging times. Our hearts go out to local families and businesses directly impacted by the pandemic. For those who wish to buy or sell real estate, our members are ready to help under safe and carefully crafted protocols in order to best protect all involved in the real estate sales process.
Market Summary Year-To-Date The year began with strong sales activity fueled by a strong economy and ongoing low interest rates. When the country, and our local community, began to grapple with the ramifications of dealing with the virus, sales activity went from bewilderment and paralysis in March and April to, astonishingly, a robust sellers’ market by May and June. Pending sales for homes and PUDs for the month of June 2020 were up three times the number for April 2020; 149 versus 50. By comparison, we saw 103 pending sales for the month of June 2019, showing a significant jump in demand year-over-year. As you can see, the local real estate market is one sector of our local economy where a “V-shaped” recovery has taken hold. Since the Stay at Home Order was eased, we have seen a surge in out-of-town buyers coming to the Santa Barbara area seeking a smaller community environment for their families. There has been increased appeal for compound-type properties and “extended-family” floor plans. Privacy, space and rural settings are also in high demand. Looking closely at the data, you will see how this rollercoaster of a market has now settled in at a somewhat astonishing pace. The chart gives a breakdown of activity per neighborhood as well as the year-to-date median price and months of inventory. The current low month of inventory numbers will almost certainly result in a higher median price as the year unfolds.
Median Sales Price For houses and PUDs market-wide, all communities from Carpinteria to Goleta, the median sales price is flat from one year ago; $1,288,500 as of the end of June versus $1,290,00 one year ago. Look for that number to creep up as the year unfolds. The big winner in the median price category is Montecito. As of the end of June, Montecito’s median price was $3,250,000, up 14% from one year ago. What we are calling the “Montecito surge” is a result of a large number of higher-end Los Angeles and Bay Area buyers deciding to not delay their dream of a home here. There have been many cases of buyers coming to town, viewing a handful of homes, picking one and closing with cash in less than 30 days. Their strong preference is for turn-key homes, to allow for their move to happen sooner rather than later. The median price for the city of Santa Barbara, at $1,236,000, is actually down very slightly from one year ago, but we do expect that number to move upward as
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the months unfold. Going back many years, the Goleta market has been “the canary in the coal mine” for South Coast market trends. (That market was the first to signal distress and foreclosures coming out of the 2008 financial crisis.) The Goleta median price at the end of June at Houses/PUDs $1,055,000 is up 7% from a year ago, indicating marCarp/Summerland ket strength in a mostly Montecito entry-level housing comSanta Barbara munity, which in turn, will Hope Ranch impact the higher price Goleta ranges across the South Condos Coast. The smaller comTotals munities of Carpinteria and Summerland show a decrease in their median price and higher-end Hope Ranch is showing a slight increase.
Santa Barbara South Coast 2020 MLS Market Activity
Closed Median Sales Escrows Price
Sales Active Months of Closed Median Sales Pending Listings Inventory Escrows Price
452
$1,288,500
149
285
1.9
108
$1,245,000
36
$1,092,000
12
30
2.5
12
$1,040,000
87
$3,250,000
34
107
3.1
24
$4,146,950
204
$1,236,000
63
94
1.5
43
$1,300,000
12
$3,312,500
5
18
3.6
4
$2,511,250
113
$1,055,000
35
36
1.0
25
$950,000
145
$681,692
53
102
1.9
33
$620,000
597
$1,150,000
202
387
1.9
141
$1,115,000
Condos
Months of Inventory The months of inventory statistic provides an excellent snapshot of current buyer confidence and today’s pulse of the market. It compares the number of pending sales to the available inventory, whereas sold data will reflect market activity from up to two months previously. To define this statistic further, months of inventory represents the absorption of the available properties. A lower number shows properties are selling as fast or faster than new listings coming on the market. Looking at the chart, you will see today’s strong activity is clearly reflected. Again, across our market, the winner is Montecito, for the most dramatic change in that statistic, year-over-year. At the end of June this year, Montecito had only 3.1 months of inventory, as compared to 8.9 a year ago. I personally do not recall, going back many years, that low of a month of inventory number for Montecito. To illustrate further, at Montecito’s three months of inventory, there are approximately three sellers for every one buyer, (this of course will vary according to price range) — as compared to a year ago where on average, each seller was competing with eight other sellers for that one buyer. Months of inventory for Santa Barbara and Goleta are 1.5 and 1.0 respectively. This is solid sellers’ market territory. Priced at market value, a seller can expect their home to sell within the first four to six weeks. Along with this swift market a buyer will often be facing multiple offer situations, which is never a fun place to be. Consult your Realtor for strategies in having your offer stand out from the rest under those circumstances. Current days on market, for the entire market is 65. This number varies greatly, depending, of course, on location and price range. For properties priced at under $1 million, days on market is well under one month. As far as list price to sales price percentage, again, heavily determined by location and price, this currently stands at 95%, this is the list price at the time of sale, after any price reductions.
SANTA BARBARA NEWS-PRESS REAL ESTATE
June 2020
2020 Year-to-Date
The condo market, providing a starting point for many first time home buyers, is also showing solid strength. The median price is up 4.3% from one year ago. We are in uncertain times. Owning your own home, or buying an investment property, can be one of the safest long term investments and is most often the largest part of someone’s overall net worth. Take advantage of today’s historically low interest rates and ask your Realtor to help you discover opportunities in the market for you. Most importantly, stay safe and healthy.
Jackie Walters is a licensed agent with Village Properties. License #00835438. Jackie has been an active agent for over 30 years and she can be reached at 805-570-0558 or jackie@villagesite.com.
SUNDAY, AUGUST 9, 2020
A N O T H E R F I N E P RO P E RT Y R E P R E S E N T E D B Y
D ANIEL E NCELL
• #6 Berkshire Hathaway Agent in the Nation • Wall Street Journal “Top 100â€? Agents Nationwide ANOTHER FINE PROPERTY (out REPRESENTED of overBY 1.3 million) • Graduate of UCLA School of Law and former attorney (with training in Real Estate law, contracts, estate planning, and tax law) • Dedicated and highly trained full-time support team • An expert in the luxury home market
REMEMBER, IT COSTS NO MORE TO WORK WITH THE BEST (BUT IT CAN COST YOU PLENTY IF YOU DON’T)
VISIT: WWW.DANENCELL.COM
Dan Encell “The Real Estate Guy� Phone: (805) 565-4896 DanEncell@aol.com DRE 00976141
EACH YEAR, DAN SPENDS OVER $250,000 IN MARKETING & ADVERTISING!
NEW LISTING!
1235 EAST MOUNTAIN DRIVE • MONTECITO
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OFFERED AT $6,400,000
Š 2020 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. CalDRE#: 00976141
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
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ADDRESS
SELLER
BUYER
BUELLTON/SOLVANG
377 QUAIL RUN RD
SWANSON BRENNEN EU
1703 ALAMO PINTADO RD
ENOCH VERVA EA
980 LADAN DR CARPINTERIA
GOLETA
MONTECITO
SANTA BARBARA
PRICE
DATE
FIREY JONATHAN EU
$799,000
7/30/20
TREVINO JOHN EA
$812,000
7/28/20
ZILMER NICK EU
FRIED ROBERT EA
$2,475,000
7/28/20
5446 EIGHTH ST 29
LAFRANCE AEON
VENTRE MICHAEL
$444,000
7/30/20
690 OLIVE AVE
OLIVER MATTHEW EU
CARLSON JAIME EA
$1,185,000
7/28/20
5691 CALLE PACIFIC
WEINBERG THOMAS EA
OLIVER MATTHEW EU
$1,300,000
7/29/20
4925 SANDYLAND RD F
CLARK MARY EA
HERMAN BRIAN EA
$3,400,000
7/31/20
7011 MARYMOUNT WAY
MONSMA BRADLEY EU
ZHAO XIAOLEI EU
$652,000
7/29/20
7065 MARYMOUNT WAY
APILADO JONATHAN
PENLAND JOHN EU
$660,000
7/31/20
545 CHADWICK WAY
LEARY MARK EA
BURKETT JONATHAN EU
$799,000
7/31/20
4766 CALLE CAMARADA
WARKENTIN KARA
GRAUMANN KIETRICH EU
$825,000
7/30/20
7658 NEWPORT DR
LAWSON BRIAN EU
MCGUIRE HUGH EA
$925,000
7/31/20
7277 GEORGETOWN RD
HOFFMANN BRIAN EU
INVESTMENT TRENDS LLC
$1,072,500
7/31/20
1036 SANDPIPER LN
KINDERDICK DONALD EA
HAGFORS JOHN EA
$1,415,000
7/31/20
416 MILLS WAY
WELLS RICK EA
416 MILLS WAY LLC
$1,500,000
7/31/20
5210 BARWICK RD
LEE STEPHEN EA
HAMMER BRIAN EA
$1,733,000
7/27/20
747 GLEN ANNIE RD
THE CHAPMAN FAMILY
SEAWARD INTERNATIONAL CO.
$3,187,000
7/31/20
1046 THE FAIRWAY
EHRNSCHWENDER SCOTT EA
BARRY DON EA
$1,050,000
7/30/20
661 CIRCLE DR
MATTHIAS PAUL EA
BOCHSLER JEFFREY EU
$1,230,000
7/30/20
715 CIRCLE DR
SMITH CHERYLL EA
COSTELLO PATRICK EU
$1,405,000
7/31/20
624 CHELHAM WAY
STRICKLAND JOE EU
OHLGREN JANATHAN EU
$1,600,000
7/31/20
76 SEAVIEW DR
HALADNER ARTHUR EA
NONAN ANTONIO EA
$1,800,000
7/28/20
1355 DANIELSON RD
M & L WANDERLLUST IV LLC
1355 DANIELSON RD LLC
$1,992,000
7/29/20
1387 SCHOOL HOUSE RD
SUTTER GARY EA
BURKART FRAZER EA
$3,925,000
7/29/20
758 VIA MANANA
MOYA STEVEN EA
RHODES EVA EU
$4,500,000
7/28/20
495 E MOUNTAIN DR
LEONARD STEVEN EA
PRESSLEY ERIC EA
$5,075,000
7/31/20
260 PENNY LN
IVANOVIC THEO
THE PENNY LANE TRUST
$5,465,000
7/30/20
165 MIDDLE RD
GAUTHIER MARTIN
DUNCAN TYLER EA
$6,375,000
7/31/20
4555 OAK GLEN DR C
HOWE BRYAN EU
SOTELO JUDITH
$284,500
7/31/20
2780 STATE ST 12
KIMPEL E M EA
PHAM BINH EA
$585,000
7/29/20
4004 VIA LUCERO UNIT 13
GEEB ADAM EU
KROHN LAURA
$910,000
7/30/20
2905 PUESTA DEL SOL
PERI DAID EA
MINOGUE EVAN EU
$1,070,000
7/30/20
660 RUSSELL WAY
BUSBOOM JEFFREY EA
MATHIEU LOUIS EA
$1,075,000
7/27/20
615 N ALISOS ST
MTI CAPITAL
805 MEATS HOLDING
$1,100,000
7/31/20
4680 GATE WY
REED TIMOTHY
SIMTH-CAVIN PARTNERS
$1,250,000
7/31/20
36 LA FLECHA LN
WATSON JUSTIN EU
SINGER STEVEN EU
$1,518,000
7/28/20
3069 CALLE FRESNO
BLAISE KENNETH EA
MALENOIR-EVANS DAVID EA
$1,642,500
7/30/20
1221 DIANA LN
MORMANN KERRY
CHONTOS SCOTT EU
$1,775,000
7/31/20
245 N ARBOLEDA RD
EDER PATRICIA EA
MARTIN TROY EA
$1,835,000
7/29/20
1157 CAMINO DEL RIO
BERKMAN JANIS EA
CARDULLO MICHAEL EU
$1,950,000
7/31/20
515 DREXEL DR
NOBLE GEORGIA EA
DALEY HUGH
$2,225,000
7/31/20
200 LOYOLA DR
TRUE NORTH INVESTENTS
MADADI EBRAHIM EA
$2,400,000
7/31/20
725 LAS PALMAS DR
KRAFT W KEVIN EA
DOWNING PATRICIA EA
$2,600,000
7/30/20
3516 STATE ST
JREHCA LLC
PV STATE STREET LLC
$3,100,000
7/30/20
. E12
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
EXPLORE OUR VIRTUAL TOURS FROM THE COMFORT OF YOUR HOME AT VILLAGESITE.COM
2020 Creekside Rd | Montecito | 4BD/6BA DRE 01509445 | Offered at $4,295,000 Aaron Gilles 805.895.1877
499 Crocker Sperry Dr | Santa Barbara | 3BD/5BA DRE 00852118 | Offered at $4,250,000 Jeff Oien 805.895.2944
900 Knollwood Dr | Montecito | 6BD/12BA DRE 01815307 | Offered at $16,250,000 Riskin Partners Estate Group 805.565.8600
1098 Toro Canyon Rd | Santa Barbara | 2BD/1BA DRE 01939922 | Offered at $3,400,000 Hutch Axilrod 805.637.6378
1708 Paterna Rd | Santa Barbara | 5BD/4BA DRE 01440215 | Offered at $2,950,000 Jesse Benenati 805.448.7936
2014 Garden St | Santa Barbara | 5BD/4BA DRE 01402612 | Offered at $2,695,000 Marcy Bazzani 805.717.0450
2360 Whitney Ave | Summerland | 3BD/3BA DRE 00780607 | Offered at $2,195,000 John Henderson 805.689.1066
900 Chelham Way | Santa Barbara | 4BD/4BA DRE 01456863 | Offered at $1,925,000 George Ambrose 805.770.9655
105 W De La Guerra St H | Santa Barbara | 3BD/3BA DRE 01976444 | Offered at $1,800,000 Devin Wong 805.451.6157
945 Garcia Rd | Santa Barbara | 4BD/3BA DRE 01155355 | Offered at $1,745,000 William M Reed 805.896.3002
208 Eucalyptus Hill Dr | Santa Barbara | 4BD/3BA DRE 00898369 | Offered at $2,645,000 Kim Hultgen 805.895.2067
750 Ladera Ln | Santa Barbara | 3BD/3BA DRE 01236143/01410304 | Offered at $2,420,000 Grubb Campbell Group 805.895.6226
52 Olive Mill Rd | Santa Barbara | 3BD/3BA DRE 00914713/01335689 | Offered at $2,250,000 Tim Walsh 805.259.8808
4357 Cuna Dr | Santa Barbara | 5BD/5BA DRE 01497110 | Offered at $2,245,000 Amy J Baird 805.478.9318
18 W Victoria St 310 | Santa Barbara | 1BD/2BA DRE 00678233/00580635 | Offered at $1,725,000 Hunt/Hunt 805.895.3833
18 W Victoria St 107 | Santa Barbara | 1BD/2BA DRE 01236143/01410304 | Offered at $895,000 Grubb Campbell Group 805.895.6226
6527 Calle Koral | Goleta | 2BD/3BA DRE 01806890/01788156 | Offered at $725,000 Doré & O'Neill Real Estate Team 805.947.0608
7386 Calle Real 11 | Goleta | 2BD/2BA DRE 01766267/02012810 | Offered at $519,000 Gamberdella + Timmerman Group 805.680.3826
LOCALLY OWNED. GLOBALLY CONNECTED. WE REACH A GLOBAL AUDIENCE THROUGH OUR EXCLUSIVE AFFILIATES.
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.
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
E13
Kerry Mormann & Associates (805) 682-3242 KerryM@CoastalRanch.com www.CoastalRanch.com $43,000,000 - 14,750AC La Panza Ranch $39,500,000 - Dos Pueblos Ranch $25,500,000 - 1000AC Estelle Ranch $27,650,000 - 6500 AC Ventura/Ojai $25,000,000 - 207AC Goleta Oceanfront $14,950,000 - 101AC Hilliard Bruce Winery $13,500,000 - 40AC Greenhouses Oxnard $11,800,000 - 2960AC Purisima Hills Ranch $9,750,000 - 148AC Buellton Farm $8,950,000 - 860AC Skytt Ranch $8,500,000 - 40AC Oxnard $8,500,000 - 120AC Estate Vineyard $7,850,000 - 2140AC Purisima Ranch $5,950,000 - 93AC Solvang Vineyard $5,500,000 - 120AC Toro Canyon $5,250,000 - L. Alamos Ranch PENDING $4,499,000 - 140AC Mail Rd Lompoc $4,395,000 - 126AC Buellton Farm $3,895,000 - 1500AC Lompoc $3,950,000 - 817AC Santa Rita Hills $3,500,000 - 10AC Carpinteria Land $2,975,000 - 80AC Farren Rd $2,450,000 - 80AC w/Ocean Views, Goleta $2,100,000 - 10AC Calle Lippizana $1,950,000 - 237AC Santa Rita, Lompoc PENDING $1,750,000 - 20AC Mora Avenue $1,750,000 - 5AC Happy Canyon Estate $1,550,000 - 5AC Frendensborg Canyon $1,490,000 - Cuyama Ranch PENDING $1,200,000 - 40AC Temettate, Nipomo $565,000 - 20AC Wine Country Estate Berkshire Hathaway HomeServices CalDRE: 00598625
ACREAGE R.E 340
MANUFACTURED HOMES 240
MANUFACTURED HOMES 240
Equestian Potential Beautiful 50 acres Ocean View. $2,500,000 1-808-280-0720
Apts. Unfurn. 3030
2%.4!,3
RANCH R.E. 330
Beautiful one room studio apt. w/ bath. Sm. Refrig. & micro. No full kitchen. Elec, gas, wat, trash incl. Only $1495. Karen Lacks & Co. Real Estate DRE #00576880 684-7541 684-RENT x304 www.klacks.com
REAL ESTATE WANTED 420 Local pvt. pty. wants to purch. single fam. resid. fixer; or 2-4 unit rental property on lease with option; or with seller financing! Excellent credit! 805-538-1119 or JBG P.O. Box 3963; Santa Barbara; CA 93130
SUMMERLAND OCEAN VIEW LOFT!
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Beautiful 1 bed, 1 ba. OCEAN View apt. Top of the complex, with bed. & bath. Upstairs, liv. rm. downst. Prkng, lndry. Storage space. Only $1850. Karen Lacks & Co. Real Estate DRE #00576880 684-7541 684-RENT x305 www.klacks.com
Gorgeous 1 bed, 1 ba. apts. OCEAN VIEWS! Beautiful remod. Kitch, Stainless appl, micro, builit-in Shutters, patio, lndry. Prkng. $1895-1925 incl. wat, trsh, gas. Karen Lacks & Co. Real Estate DRE #00576880 684-7541 684-RENT x305 www.klacks.com
Top 4% of all Berkshire Hathaway HomeServices Agents Nationwide
$1320. 1bd, Barbara Apts, corner of Hope & San Remo Dr. in North State St. area. Quiet & immaculately clean. No pets. Call 687-0610.
805-252-0625 Visit: www.MadhuRealty.com Serving Santa Barbara, Montecito, Ventura and Santa Ynez Valley for last 14 Years.
Immaculate clean 1bd, near City College & beach at Carla Apts, 530 West Cota. No Pets $1320. Call Rosa, 2:30pm-5:30pm, 965-3200.
MadhuK49@gmail.com Cal BRE#: 01387945
Gina M. Meyers (805) 898-4250 BUSINESS 30
3820 State St., Santa Barbara, CA 93105 CalRE#00882147
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Summerland Views, Views!
2 BR starting at $1740, 3 BR flat or 3 BR townhouses Rent $2490. Pool, day care center, 2 laundry rooms, off street parking. Near shopping, business, restaurants, theaters and UCSB. We pay gas, water, sewer, & trash. No Pets. Pay first month rent and security deposit at move in. Call Sesame Tree 968-2549
Madhu Khemani
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COAST VILLAGE UPSTAIRS STUDIO!
Mike and Kyle The Richardson Team 805-963-1704 Team@mrrealtors.com www.mrrealtors.com License #00635254
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2ENTAL 3ERVICES !PTS &URNISHED !PTS 5NFURN #ONDOS $UPLEXES &URN $UPLEXES 5NFURN (OUSES &URNISH (OUSES 5NFURN "UELLTON #ARPINTERIA 'OLETA (OPE 2ANCH )SLA 6ISTA ,OMPOC ,OS !LAMOS ,OS /LIVOS -ONTECITO .IPOMO .O #ALIFORNIA /JAI 3 , / #NTY 3ANTA -ARIA 3ANTA 9NEZ 3OLVANG 6ENTURA -OBILE (OMES -OBILE (OME 0ARKS 2OOMS 2OOM "OARD 3HARED (OUSING 3HORT 4ERM 2ENTALS 6ACATION 2ENTALS "EACH $ESERT -OUNTAIN 2ANCHES &ARMS %XCHANGES 7ANTED -ISCELLANEOUS
SUNDAY, AUGUST 9, 2020
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$1320 Studio, $1440 1 bd in a beautiful garden setting. Pool, laundry & off street parking at 340 Rutherford St. in downtown Goleta. No Pets. Call Erin 967-6614.
BD NEAR #OTTAGE (OSPITAL AT 7EST !LAMAR "EAUTIFUL SETTING AMONG OAK TREES ACROSS THE STREET FROM /AK 0ARK .O 0ETS #ALL #RISTINA
6575 Trigo Road Updated IV Apts, No Parking Unit A - 2bd 1bth $2,950 Unit B - 2bd 1bth $2,950 Gallagher Prop Mgmt 805-682-8433 CALBRE# 00827584
CONDOS 3040 7606 Hollister Ave #211 2bd 2bth Patio Updated Kitchen W/D Carprt Frplc N/P Pool/Spa $2,950 Gallagher Prop Mgmt 805-682-8433 CALBRE#00827584
Hope Ranch 3180 1445 Estrella Dr
Main House – Updated 4bd 3.5bth Frpl Pool/Spa, 3 Car Grg, W/D, Year Lease 2bd/1bth Guest Hse, Pets Ok, $12,500/mo Gallagher Prop Mgmt 805-682-8433 CALBRE#00827584
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LISTED CaliforniaJUST Monterey Style Home
Blocks from Coast Village Road 3 Bedrooms | 2.5 Bathrooms 1177 Summit Road, Montecito ~ Listed at $3,250,000
>Ă›i ÂˆĂŒ >Â?Â? ĂœÂˆĂŒÂ… ĂŒÂ…ÂˆĂƒ ĂŒĂ•Ă€Â˜ÂŽiĂž VÂœĂŒĂŒ>}i ĂƒÂˆĂŒĂ•>ĂŒi` œ˜ > ÂľĂ•ÂˆiĂŒ Â?>˜i Â?Ă•ĂƒĂŒ > LĂ€Âˆiv ĂƒĂŒĂ€ÂœÂ?Â? vĂ€ÂœÂ“ ĂŒÂ…i Â…i>Ă€ĂŒ Âœv Âœ>ĂƒĂŒ 6ˆÂ?Â?>}i ,Âœ>`] ĂŒÂ…i >À“iĂ€Ăƒ >ÀŽiĂŒ >˜` Ă•ĂŒĂŒiĂ€yĂž i>V…° -ÂŤiVˆ>Â? vi>ĂŒĂ•Ă€iĂƒ ˆ˜VÂ?Ă•`i Ă›>Ă•Â?ĂŒi` ĂœÂœÂœ` Li>“i` ViˆÂ?ˆ˜}Ăƒ] Â?>Ă€}i Â?ˆ}Â…ĂŒ wÂ?Â?i` Â?ÂˆĂ›ÂˆÂ˜} >˜` `ˆ˜ˆ˜} Ă€ÂœÂœÂ“Ăƒ] ĂœÂœÂœ` ÂŤÂ?>˜Ž yÂœÂœĂ€Ăƒ ĂŒÂ…Ă€Ă• ÂœĂ•ĂŒ >˜` > `iĂŒ>VÂ…i` cottage loaded with charm. /Â…i “>ˆ˜ Â…ÂœĂ•Ăƒi VÂœÂ˜ĂƒÂˆĂƒĂŒĂƒ Âœv ĂŽ Li`Ă€ÂœÂœÂ“Ăƒ] Ă“ E £ÉÓ L>ĂŒÂ…Ăƒ] >˜ ÂœvwVi] > 9Âœ}> ĂŒÂœĂœiĂ€ >˜` > ĂƒiÂŤ>Ă€>ĂŒi Ă€i>`ˆ˜} ÂœĂ€ /6 >Ă€i>° *Ă€iÂŤ>Ă€i “i>Â?Ăƒ ˆ˜ ĂŒÂ…i VÂ…ivÂ˝Ăƒ ÂŽÂˆĂŒVÂ…i˜ with top of the line appliances, stone counters & center island. Enjoy two story picture windows leading to the lush “Cottage Boarder Gardensâ€? with yÂœĂœiĂ€ÂˆÂ˜} V>Â˜ÂœÂŤÂˆiĂƒ Âœv ĂŒĂ€iiĂƒ] VĂ€i>ĂŒÂˆÂ˜} “>}ˆV>Â? ĂƒÂŤ>ViĂƒ vÂœĂ€ Ă€iÂ?>Ă?ˆ˜} >˜` ÂŤi>VivĂ•Â? ÂœĂ•ĂŒ`ÂœÂœĂ€ `ˆ˜ˆ˜}° /Â…i …œ“i ÂˆĂƒ >ÂŤÂŤĂ€ÂœĂ?ˆ“>ĂŒiÂ?Ăž Ă“]Îää ĂƒÂľĂ•>Ă€i viiĂŒ ÂÂ˜ÂœĂŒ ˆ˜VÂ?Ă•`ˆ˜} ĂŒÂ…i ĂƒiÂŤ>Ă€>ĂŒi VÂœĂŒĂŒ>}iÂŽ œ˜ >ÂŤÂŤĂ€ÂœĂ?ˆ“>ĂŒiÂ?Ăž °Ó£ >VĂ€iĂƒÂ° -ÂˆĂŒĂ•>ĂŒi` ˆ˜ ĂŒÂ…i …ˆ}Â…Â?Ăž `iĂƒÂˆĂ€>LÂ?i ÂœÂ˜ĂŒiVÂˆĂŒÂœ 1˜ˆœ˜ ĂƒV…œœÂ? `ÂˆĂƒĂŒĂ€ÂˆVĂŒÂ°
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C O L D W E L L B A N K E R RE ALT Y
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 veriďŹ cation. Real estate agents afďŹ liated with Coldwell Banker Realty are independent contractor sales associates, not employees. Š2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell BankerÂŽ System is comprised of company owned ofďŹ ces which are owned by a subsidiary of Realogy Brokerage Group LLC and franchised ofďŹ ces which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
E15
Newer Custom Home with Luxury Features Throughout
Villa La Cima – A Private European Sanctuary
$2,295,000 Diane Lundberg 805.895.7495
www.ScottMcCosker.com | $1,995,000 Scott McCosker 805.451.1721
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Elegant Birnam Wood Home Montecito | $4,175,000 www.BarbaraKoutnik.com Barbara Koutnik 805.565.8811
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CalRE #01061042 & CalRE #01875690
CalRE #00809916
Re-Defining The Montecito Estate 819Ashley.com | $4,750,000 Maurie McGuire & Scott Westlotorn 805.403.8816
CalRE #01061042 & CalRE #01875690
Montecito’s Best Value $2,128,000 Ryan Strehlow 805.705.8877 CalRE #01044673
East Beach Townhome www.TheMontecitoGroup.com | $1,348,000 The Montecito Group 805.451.4999 CalRE #01957054 & CalRE #01962161
Fabulous 1-Bedroom Near the Beach $639,000 Bob Oliver & Karin Holloway 805.895.6967
CalRE #01462467 & CalRE #00836401
COLDWELLBANKERHOMES.COM Montecito 805. 969.4755 | 1290 Coast Village Road, Montecito, CA 93108 | Montecito Upper Village 805.969.0900 | 1498 East Valley Road, Montecito, CA 93108 Santa Barbara Residential & Commercial Divisions 805.682.2477 | 3820 State Street, Suite G, Santa Barbara, CA 93105 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 verification. Real estate agents affiliated with Coldwell Banker Realty are independent contractor sales associates, not employees. ©2020 Coldwell Banker. All Rights Reserved. Coldwell Banker and the Coldwell Banker logos are trademarks of Coldwell Banker Real Estate LLC. The Coldwell Banker® System is comprised of company owned offices which are owned by CalRE# 00616212 a subsidiary of Realogy Brokerage Group LLC and franchised offices which are independently owned and operated. The Coldwell Banker System fully supports the principles of the Fair Housing Act and the Equal Opportunity Act.
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SANTA BARBARA NEWS-PRESS REAL ESTATE
SUNDAY, AUGUST 9, 2020
