Unbelievable Santa Barbara Spanish home w/ Ocean views & Pool for $490k
This is a truly unbelievable value and will probably end up being one of the best values in Santa Barbara real estate this year. This Santa Barbara REO (Foreclosure, bank-owned) is on the border of Santa Barbara and Montecito and has ocean views looking out towards the Bird refuge, East Beach and the Montecito Coastline. This property was last on the market for $1.5 million and surrounding homes have sold in the $1.5 million range in the last 12-18 months. The property offers the rare combination of ocean views (from the poolside patio), lots of privacy, a heated pool, detached storage shed that is set up as an artist studio, hardwood floors, remodeled kitchen, 2 fire places and plenty of parking all for under $1 million. In fact, unbelievably priced under $500k
Santa Barbara Spanish REO
Poolside ocean views
Before you get too excited, given the level of activity on this property, I would expect it to have numerous offers and go significantly above the asking price. If you have any interest, give me a call at 805-637-7148 or email me at Daniel@ZiaGroup.com and I’ll give you the inside scoop. I can also send you the past listing information, additional pictures, or give you detailed information on the recent sales.
Who do I have to kill to get it?
At this point Robert, you’d have to eliminate every one of the handful of buyers that placed an offer. The bank should be reviewing offers and responding to them this morning. I’ll keep everyone updated on the eventual sales price.
Well we said this would be a great purchase for the right Santa Barbara buyer and I’m happy to announce that one of my clients closed on this fantastic home (“Casa Serdio”) last week for $785,000. As you can imagine, there was significant interest in this Santa Barbara listing (over 150 views on the blog in the first 12 hours).