I'm baacckkk! I had a few days off which stretched into a couple more. I've been awol for a bit and am very appreciative of you folks who reached out to me and said "what the heck ... where are you"??? :) The blog post for today stretches back to last Thursday the 26th and includes today. Click here for this weekends open houses one of which includes mine at 1075 Tyndall Street in Santa Ynez priced at $585,000. Yes.... a house in Santa Ynez with a 5 in front of it. Its cool with so much potential. See it at www.1075Tyndall.com. Come on by Sunday from 2:00 to 4:00 and say hey. This leg of Tyndall is near the feed store in Santa Ynez just off of Sagunto.
Scroll down for the inventory news but first, some important tax news. Of interest to any of you out there that owns a home, wants to own a home, wants to sell a home and/or has a second home (so thats pretty much all of you), here are excerpts from a MarketWatch synopsis of housing related changes in the GOP tax proposal. All bad news for current homeowners on capital gains, second home owners and future homeowners. I have since heard the California Association of Realtors is vehemently against these measures and are actively protecting our homeowners with opposition to the changes. These are proposed changes. Lets all hope they don't happen. Again, below is a MarketWatch excerpt, not my own editorial:
"For principal residence mortgage loans taken out after 11/2/17, you could only deduct interest on up to $500,000 of mortgage debt (versus up to $1 million plus another $100,000 of home equity debt allowed under the current rules). The GOP bill would eliminate the current-law provision that allows you to deduct interest on up to $100,000 of home equity debt.
However, if you refinance a loan taken out before 11/3/17, the higher loan limits allowed under the current rules would continue to apply. Also, starting in 2018, you could only deduct mortgage interest on one qualified residence (versus two under the current rules). So no more deductions for interest on vacation home mortgages.
Under current law, you can exclude (pay no federal income tax on) up to $250,000 of gain from selling your principal residence or up to $500,000 if you are a married joint-filer. You must have owned and used the home as your principal residence for at least two years during the five-year period ending on the sale date.
The GOP bill would require you to have owned and used the home as your principal residence for five years out of the eight-year period ending on the sale date. Also, you could only take advantage of the gain exclusion once during any five-year period. Finally, the GOP bill would phaseout the exclusion dollar for dollar to the extent your average adjusted gross income during the year of sale and the two preceding years exceeds $250,000 or $500,000 for married joint-filers.
These changes are the opposite of tax cuts for the "rich" and maybe a good reason to sell a highly appreciated home this year while the current more-favorable rules are still in effect".
3322 Manzana, Santa Ynez (4/4 on .27 of an acre) 619K Looks like a superb value to me. Lots of upgrades and almost 2500 square feet on over a quarter acre. Very private location yet only two blocks to the village. Its a good one and open this weekend.
524 Irelan, Buellton (3/3 on .17 of an acre) 525K Wow. Another great value. Exceptionally well priced home on the north side of highway 246 near lower and middle campuses of the elementary schools. Love it as is or spice it up. At this price, you can afford to invest in upgrades now or later. Buellton, delivering again on big values.
604 Hillside, Solvang (3/2 on .23 of an acre) 795K Unique location very close to the Viborg gate for easy in and easy out. Also easy stroll to all the nearby shops, doctors and conveniences. Generous lot and square footage size for Mission Oaks. Very classy interior with enumerable upgrades. I love the kitchen. Check out the farm sink and light color palette in that room. Really pretty and one of the finer remodels in the development. Nice fenced back yard for your poochy and views over the deer favored open space surrounding this area.
1385 N. Refugio, Santa Ynez (4/3 on 4.7 acres) $1,995,000 This is on the section of Refugio between Samatha and Santa Ynez Ave. Grapes, barn, chickens!
3460 Live Oak, Santa Ynez (3/3 on 19.42 acres) $2,850,000 Big views over the Sedgwick, one of the valley's most amazing crown jewel preserves. Photos will not do the view justice. Must be seen to be fully appreciated.
222 Kim Sue, Buellton (3/3 on .16 of an acre) Was 595K with a new price of 580K.
8 Chamiso, Los Alamos (3/2 on .17 of an acre) Was 625K with a new price of 585K. Nice reduction! Interior lot, not backing up to the 101 and next to the park for easy access to play time.
262 Riverview, Buellton (4/3 on .16 of an acre) Was 619K with a new price of 599K. I've sold two homes in Meadowridge at 619K in the last few months. Buying in here under 6 should be considered super good. No neighbor across the street. See it. Open this weekend.
687 Hillside, Solvang (3/2 on .10 of an acre) Was 695K with a new price of 660K.
1400 Calzada, Santa Ynez (3/3 on 1 acre) Was 825K with a new price of 810K. Another very good value. A very clean home on a full acre with views.
2750 N. Refugio, Santa Ynez (4/4 on 20.8 acres) Was $1,799,000 with a new price of $1,695,000. This one is starting to look pretty darn interesting. Over 3500 square feet with superior views. Rancho Ynecita is my personal favorite of all the ranch communities. Close to town, very pretty. Easy in, easy out with two exists from the ranch via security gates for added peace of mind.
2826 Baseline, Ballard (main house and guest house on 4.73 acres) Was $1,845,00 with a new price of $1,750,000. Open this weekend.
2269 Sunrise, Solvang (3/4 plus separate office and studio on 1 acre) Was $1,850,000 with a new price of $1,750,000. Some of the valley's most unique and fresh architecture.
1552 N. Refugio, Santa Ynez (3/3 on 5 acres) Was $2,468,000 with a new price of $2,368,000. Open this weekend.
Click here for the 8 properties that just went pending.
Click here for the 8 sold properties. Most notably my listing at 2664 Janin in Solvang which closed Friday at $930,000. See the listing at its own domain www.2664Janin.com. A huge thank you to Danielle McCoy of Elam and Associates who represented the perfect buyers. I can't say enough about the integrity and synergy this agent and her buyers brought to a property that needed to be loved by just these exact people. To my sellers, I can't thank them enough for their trust and faith through what was an inordinate amount of time invested in selling this beautiful example of a remodeled ready to go Janin Acres property. Just when I start thinking there isn't any cosmic justice to real estate, I get my mind changed. Sometimes, as it turns out, things do happen for a reason. A perfect ending to the story and the start of many new happy memories in this turn key property.
**Click on each hyperlink to see the listing agent related to each property. If you aren't already, please ask to be on my Daily Real Estate Update email list to receive the complete blog post with pics and aerials sent to you daily via email versus you having to remember to check my website or Facebook. Due to recent copyright issues, pics only appear on the email version. The identity of those on my list is not shared and I don't spam anyone. My daily updates are not a complete list of everything that happened today but instead events the general reader might find interesting or items you need to know to make good decisions. Readers should consult other venues of information gathering to find out more or to complete their information gathering efforts but this is a great place to start and I write every day Monday through Friday letting you know what I know. Transactions noted here were completed by myself and other Realtors.
Sharon Currie | Realtor BRE#01357602
Physical: 2933 San Marcos Ave #102, Los Olivos
Visit me on Facebook https://www.facebook.com/SYVRealEstate/
Wire Fraud Advisory: Never wire money to a source you have not confirmed verbally with the recipient. Wiring instructions will never be sent by me. Only accept them from a reliable confirmed source.
CONFIDENTIALITY NOTICE: This e-mail message and all attachments are intended solely for the use of the intended recipient or entity and may contain legally privileged and confidential information. If the reader of this message is not the intended recipient, you are hereby notified that any reading, disclosure, dissemination, distribution, copying or other use of this message or any attachments is strictly prohibited. If you have received this message in error, please notify us immediately by replying to the sender of this message and delete this message and all attachments, including all copies or backups thereof, from your system.