Santa Barbara Independent Real Estate, 11/4/21

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INDEPENDENT REAL ESTATE NOVEMBER 4, 2021

1639 Fernald Point L

.

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$9,900,000 | 1639FernaldPoin

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PRESENTED BY

TARYN MARTIN

8

SPONSORED BY

SUSAN BONANNO FOR DETAILS, SEE PAGE 7

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2285 BELLA VISTA DR, MONTECITO UPPER 4BD/6BA • $12,950,000 Team Scarborough, 805.331.1465 LIC# 01182792

1040 LADERA LN, MONTECITO 3BD/2BA; ±5.04 acres • $3,850,000 Daniel Encell, 805.565.4896 LIC# 00976141

851 ADOBE CREEK RD, SOLVANG 5BD/2½BA; ±2.69 acres; pool; arena • $2,580,000 Laura Drammer, 805.448.7500 LIC# 01209580

228 VALHALLA DR, SOLVANG 5BD/5½BA + casita w/ 1BA • $2,550,000 Laura Drammer, 805.448.7500 LIC# 01209580 OPEN SUN 1-3

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INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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OPEN SAT/SUN 2-4

1535 GAMBY WY, SOLVANG 4BD/3½BA+ofc; ±1 acre • $2,250,000 Laura Drammer, 805.448.7500 LIC# 01209580

968 MIRAMONTE DR #6, MESA 1BD/1BA • $619,500 Spechler & Beck Real Estate Group, 805.689.2717 / 805.708.0446 LIC# 00552664 / 01488548

@BHHSCALIFORNIA

© 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.

OPEN SUN 1-4

BERKSHIRE HATHAWAY HOMESERVICES CALIFORNIA PROPERTIES is pleased to congratulate

THE EASTER TEAM on the successful representation of

Listed for $15,950,000 THE EASTER TEAM 805.570.0403 Associates@EasterTeamRealtors.com www.EasterTeamRealtors.com LIC# 00917775

MCGOWAN PARTNERS

on the successful representation of the seller at 175 Miramar Ave, Listed for $5,850,000 and the buyer at 5325 Dorwin Ln, Listed for $5,750,000 CRISTAL CLARKE 805.886.9378 Cristal@Montecito-Estate.com www.Montecito-Estate.com LIC# 00968247

KARINA PADILLA on the successful representation of

the buyer at 2695 Sycamore Canyon Rd,

the buyer at 8929 Rangely Ave,

Listed for $5,000,000

Listed for $3,825,000

MCGOWAN PARTNERS 805.563.4000 Ashley@AshleyMcGowan.com www.McGowanPartners.com LIC# 00893030 / 02041055

KARINA PADILLA 805.680.7701 KarinaPadilla@bhhscal.com www.GreatSantaBarbaraHome.com LIC#01726170

NOVEMBER 4, 2021

on the successful representation of

INDEPENDENT REAL ESTATE

the buyer at134 Chapala,

Listed for $3,350,000

Listed for $3,750,000

and 1870 Clearview Dr,

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Listed for $2,650,000

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© 2021 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

the seller at 4335 Marina Dr,

CRISTAL CLARKE

DAN ENCELL on the successful representation of

DANIEL ENCELL 805.565.4896 DanEncell@aol.com www.DanEncell.com LIC# 00976141

COLE ROBBINS

LAURA DRAMMER on the successful representation of the buyers & sellers at 133 Hollister Ranch Rd

LAURA DRAMMER 805.448.7500 Laura@LauraDrammer.com www.LauraDrammer.com LIC# 01209580

DAN JOHNSON

on the successful representation of

on the successful representation of

the buyer at 133 Hollister Ranch Rd,

the seller at 122 Via Alicia,

Listed for $3,350,000

Listed for $3,150,000

COLE ROBBINS 805.403.7735 ColeRobbins@bhhscal.com LIC# 01910827

DAN JOHNSON 805.895.5150 DanJohnson@bhhscal.com LIC# 00609860

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NOVEMBER 4, 2021

848 HOT SPRINGS RD, MONTECITO 4BD/5BA • $19,995,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514

1142 N SAN MARCOS RD, SANTA BARBARA ±123 acres • $17,500,000 Kerry Mormann & Associates, 805.682.3242 LIC# 00598625

2150 ORTEGA RANCH LN, MONTECITO 4BD/4½BA • $16,850,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514

796 HOT SPRINGS RD, MONTECITO 4BD/3½BA • $11,250,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514

2794 BELLA VISTA DR, MONTECITO 6BD/8BA • $10,750,000 Cristal Clarke, 805.886.9378 LIC# 00968247

2030 EDISON ST, SANTA YNEZ 3BD/2BA • $7,995,000 Claire Hanssen, 805.680.0929 LIC# 00887277

1780 GLEN OAKS DR, MONTECITO 4BD/5BA • $6,295,000 Nancy Kogevinas, 805.450.6233 LIC# 01209514

920 CAMINO VIEJO RD, EUCALYPTUS HILL 4BD/4½BA • $5,950,000 Cristal Clarke, 805.886.9378 LIC# 00968247

400 HOT SPRINGS RD, MONTECITO 4BD/6BA • $5,795,000 Cristal Clarke, 805.886.9378 LIC# 00968247

OPEN SUN 1-4

743 WOODLAND DR, EUCALYPTUS HILL 4BD/4BA • $5,795,000 Cristal Clarke, 805.886.9378 LIC# 00968247

810 COYOTE RD, MONTECITO 3BD/3½BA + 1BD/1BA studio • $5,595,000 Marsha Kotlyar Estate Group, 805.565.4014 LIC# 01426886

1195 DOVE MEADOW RD, SOLVANG 4BD/6BA • $3,199,000 Jo Ann Mermis, 805.895.5650 LIC# 00891742

130 VIA ALICIA, MONTECITO 2BD/3BA • $2,850,000 Daniel Encell, 805.565.4896 LIC# 00976141

5508 RINCON BEACH PARK DR, VENTURA 2BD/1½BA • $2,800,000 Janet Caminite, 805.896.7767 LIC# 01273668

3911 CLOVER LN, SANTA YNEZ 2BD/2BA; ±17.54 acres • $2,495,000 Claire Hanssen, 805.680.0929 LIC# 00887277

954 ALAMO PINTADO RD, SOLVANG 3BD/3BA; ±5 acres • $2,495,000 Joe Ramos, 805.680.6849 LIC# 02040488

33 NORTHRIDGE RD, SAN ROQUE 3BD/3BA + office; ±1.03 acres • $2,295,000 Laura Drammer, 805.448.7500 LIC# 01209580

6798 OJAI AVE, LA CONCHITA 7BD/5BA; ±4,690SF • $1,999,999 Felipe Castañeda, 805.636.4410 LIC# 02103365

1705 GLEN OAKS DR, MONTECITO ±0.87 acres • $1,995,000 Marsha Kotlyar Estate Group, 805.565.4014 LIC# 01426886

2770 CANADA ESTE RD, SANTA YNEZ ±20 acres • $1,495,000 Claire Hanssen, 805.680.0929 LIC# 00887277

6592 PIPELINE PL, GOLETA SOUTH 3BD/3½BA • $999,000 Madhu Khemani, 805.252.0265 LIC# 01387945

211 W GUTIERREZ ST #8, DOWNTOWN 1BD/2BA • $850,000 Joe Parker, 805.886.5735 LIC# 01314939

3750 PARADISE RD #96, SAN MARCOS PASS 1BD/1BA • $139,000 R. Freed & K. Clenet, 805.895.1799 / 805.705.5334 LIC# 00624274 / 01434616

160 N FAIRVIEW AVE #3, GOLETA ±900 sq ft commercial • $1,950 Mitch Stark, 805.689.2429 LIC# 01196532

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INDEPENDENT REAL ESTATE

1925 SANTA MONICA RD, CARPINTERIA ±2,942 acres • $45,000,000 Kerry Mormann & Associates, 805.682.3242 LIC# 00598625

OPEN SAT/SUN 1-4

641 POR LA MAR CIR #D, EAST BEACH 2BD/2BA • $1,695,000 Sharol Mulder, 805.259.7988 LIC# 01324695

455 CARLO DR, GOLETA NORTH 4BD/2BA • $1,500,000 Scott S Williams, 805.451.9300 LIC# 00628741

OPEN SAT 11-2

5455 8TH ST #51, CARPINTERIA 2BD/2BA • $669,000 Yolanda Van Wingerden, 805.570.4965 LIC# 01308141

59 VIA DEL SOL, SOLVANG 3BD/2BA • $511,000 R. Johnson / K. Aitken, 805.705.8707 / 252.1205 LIC# 01070384 / 00882496

309 E CHERRY AVE, LOMPOC 3BD/2BA • $473,000 Rose Van Schaik, 805.452.2051 LIC# 00782017

@BHHSCALIFORNIA

© 2021 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.

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at bhhscalifornia.com

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Explore the Property at www.2213AlamoPintado.com

NOVEMBER 4, 2021

• 3 B edroom s + Of fic e, 2 Bathrooms • A pproximately 1,570± Sq. Ft. • . 3 2 ± Acres • B ea u ti f u l Wood F l oor s • B r ic k Fire place in the Liv ing Room • Cor ner Woo d Stove i n th e Fami l y Ro o m • Pro f es s i o n a l L andsc aping • C ustom -Built Pergola •Traditional Santa Maria Gr i l l • G as Fi re Pi t • Ro s e G ard en • C overed Porch es • M atu re Shade Trees • Private Gate and Stone Wal l an d Ip e Fen ci n g • Su p er C o nven ien t to Dow ntown Los O livos, and Around the Cor ner from th e N ew Au b erge Res o r t • Over s i zed 2-C ar Gar age + L arge Secondar y Space Behind with Preliminar y Sk etch es fo r an AD U • Frees ta n d i n g Custom Workshop w ith Built-In Shelves, Dual Pane Windows, O ver h ead Lo f t an d a Weath er van e

INDEPENDENT REAL ESTATE

2213 AL AMO PI NTA DO A VE | LOS OLIVOS | $1,299,000

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LAURA DRAMMER Over $100 million in sales in 2020

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 © 2021 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. Per Internal BHHSCP Records.

2021

YOUR TRUSTED LOCAL LENDER

Susan Bonanno

bestof

Santa barbara

®

Finalist Santa Barbara

Known for her: communication, responsiveness, knowledge & helpfulness.

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INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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I’m passionate about service and strive to make the lending process as easy as possible. Whether you are interested in buying, refinancing, or obtaining a reverse mortgage, I can assist you in finding the best solution for your family. I have lived in Santa Barbara since 1989 and raised my three children, Daniel, Chris and Julia here.

What her clients say: “She was so on top of the loan the whole way through. In a very busy market, we were able to close early!”

“Our questions were always answered. Felt like she was always on our side. Had complete faith that she was doing what was best for us.”

“Susan is a wonderful, experienced professional who was always available to answer my questions and went above and beyond for my clients.”

“Susan walked us through the process and made it easy and seamless. She was professional and made sure we understood every part of the process and was there to guide us.”

“Susan is fantastic. This is my second experience working with her, and I can say she’s one of the smartest, transparent, and efficient professionals I’ve had the pleasure of working with.

Extremely helpful. Highly recommend.”

Susan Bonanno MORTGAGE ADVISOR | NMLS 245778

805.252.6324

SBONANNO@FINANCEOFAMERICA.COM FINANCEOFAMERICA.COM ©2021 Finance of America Mortgage LLC | Equal Housing Lender | NMLS 1071 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act.

PRESIDENT’S CLUB

INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021 realestate.independent.com

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realestate.independent.com NOVEMBER 4, 2021

MONTECITO

SANTA YNEZ

Casa Paloma

Premiere Ocean View Estate

Pepper Oaks Farm-Baseline Parcels

5BD | 4BA/2PBA | $33,950,000

10BD | 10BA/2PBA | $33,000,000

4BD | 3BA | $12,900,000

CasaPalomaSB.com

1640EastMountain.com

3715BaselineAve.com

D U S T Y B A K E R 805.570.0102

F R A N K A B A T E M A R C O 805.450.7477

B R A D Y G R O U P 805.331.3053

OJAI

MONTECITO

EUCALYPTUS HILL AREA

Downtown Ojai Estate

Montecito’s Best Location

Custom Spanish-Style Opulence

4BD | 4BA/2PBA | $3,499,000

4BD | 2BA | $3,095,000

3BD | 2BA/1PBA | $2,295,000

1605Daly.com

1274ElevenOaks.com

223APS.com

R O S A L I E Z A B I L L A 805.455.3183

J A S O N S I E M E N S 805.455.1165

T A R Y N M A R T I N 805.636.6442

EL CIELITO / LAS CANOAS

2226GibraltarRoad.com

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INDEPENDENT REAL ESTATE

HOPE RANCH

Ocean View Italian Estate

M A U R E E N M C D E R M U T 805.570.5545

4BD | 3BA/2PBA | $6,495,000 SANTA BARBARA REGION BROKERAGES | SANTA BARBARA | MONTECITO | SANTA YNEZ VALLEY

© 2021 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. All offerings are subject to errors, omissions, changes including price or withdrawal without notice.

DRE License Numbers for All Featured Agents: Maureen McDermut: 1175027 | Taryn Martin: 1995581 | Dusty Baker: 1908615 | Frank Abatemarco: 1320375 | Micah Brady: 1219166 | Michael Nicassio: 01733931 | Patty Murphy: 766586 | Maureen McDermut: 1175027 | Rosalie Zabilla: 1493361 | Jason Siemens: 1886104 | Taryn Martin: 1995581 | Frank Abatemarco: 1320375 | Christine Oliver: 949938 | Nico Pollero: 2015085

Nothing compares.

HOPE RANCH

Secluded Hilltop Ocean View Oasis

Contemporary Hacienda

Hope Ranch Mid-Century Inspired

7BD | 6BA/3PBA | $6,495,000

3BD | 3BA/1PBA | $4,495,000

4BD | 3BA/1PBA | $3,995,000

1984ArribaSt.com

4066PaseoPoco.com

4004ViaLaguna.com

M I C H A E L N I C A S S I O 805.698.2253

P A T T Y M U R P H Y 805.680.8571

M A U R E E N M C D E R M U T 805.570.5545

NEW CUYAMA

RIVIERA

NEW LISTING | GOLETA NORTH

38+/- Acre Ranchette

Panoramic View Acreage

San Antonio Village Condo

4BD | 4BA | $1,330,000

9.77+/- ACRES | $929,000

2BD | 1BA/1PBA | $850,000

2001AlisoPark.com

46CaminoAlto.com

5142CalleReal.com

F R A N K A B A T E M A R C O 805.450.7477

T H E O L I V E R S 805.680.6524

N I C O P O L L E R O 805.450.3552

339VEE.com

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NEW LISTING | TURNPIKE/PATTERSON

NOVEMBER 4, 2021

SANTA YNEZ

INDEPENDENT REAL ESTATE

CARPINTERIA

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Turn-key Ranch Style Home

T A R Y N M A R T I N 805.636.6442

4BD | 2BA | $1,249,000

SOTHEBYSREALTY.COM

10 INDEPENDENT REAL ESTATE

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INDEPENDENT REAL ESTATE

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Exclusive Member of

NEW LISTING | HIDDEN VALLEY HOME

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INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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Extensively remodeled by local architect Kas Seefeld

959 BARCELONA DRIVE, SANTA BARBARA CA 3 BEDS | 2 BATHS | OFFERED AT $2,090,000

This light-filled Hidden Valley cul-de-sac home has undergone an extensive remodel by local architect Kas Seefeld to maximize entertaining, work from home, and easy indoor outdoor living. With beautiful finishes and attention to detail, the open concept living, dining, and remodeled kitchen features new cabinetry, black granite counters and stainless appliances. Two bedrooms share a bathroom with a large tub/shower, double sinks and tiled floors. The primary ensuite has a walk-in closet and a bathroom w/marble floors and counters, double sinks and a large walk-in shower. Drought tolerant landscaping offers many areas for entertaining, dining spaces and a firepit. The sunny southwest facing fenced rear yard features nine fruit tree varieties and opens to a large open space that adjoins the soon to be completed bike path connecting you to Elings Park, Henry’s Beach, and all Santa Barbara has to offer.

KIM HULTGEN 805.895.2067 | kim@villagesite.com villagesite.com | DRE 00898369 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.

Exclusive Member of

Home is our favorite destination

475 Stanford Pl | Santa Barbara | 4BD/2BA DRE 01440591 | Offered at $1,475,000 Elizabeth Wagner 805.895.1467

1395 Oak Creek Canyon Rd | Montecito | 4BD/8BA DRE 01447045 | Offered at $21,500,000 Riskin Partners Estate Group 805.565.8600

595 Picacho Ln | Montecito | 6BD/12BA DRE 01447045 | Offered at $14,900,000 Riskin Partners Estate Group 805.565.8600

1300 Dover Hill Rd | Santa Barbara | 4BD/5BA DRE 01236143 | Offered at $4,500,000 Grubb Campbell Group 805.895.6226

2082 Las Canoas Rd | Santa Barbara | 4BD/6BA DRE 01468842 | Offered at $4,500,000 James Krautmann 805.451.4527

OPEN SUN 2-4

Virtually Staged

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

4580 Via Huerto | Santa Barbara | 4BD/5BA DRE 01236143 | Offered at $5,750,000 Grubb Campbell Group 805.895.6226

OPEN SUN 1-3

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4160 La Ladera Rd | Santa Barbara | 6BD/8BA DRE 01447045 | Offered at $19,995,000 Riskin Partners Estate Group 805.565.8600

NOVEMBER 4, 2021

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

INDEPENDENT REAL ESTATE

121 Via Del Cielo | Santa Barbara | 5BD/5BA DRE 00895030 | Offered at $10,000,000 Ron Dickman 805.689.3135

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299 Elderberry Dr | Goleta | 4BD/5BA DRE 01497110 | Offered at $2,999,000 Amy J Baird 805.478.9318

6869 Silver Fern Ct | Goleta | 6BD/3BA DRE 01838797 | Offered at $2,195,000 Jenise Tremblay 805.252.1315

3026 Serena Rd | Santa Barbara | 3BD DRE 00852118 | Offered at $1,649,000 Jeff Oien 805.895.2944

4455 La Paloma Ave | Santa Barbara | 4BD/2BA DRE 01441498 | Offered at $1,575,000 Robert Watt 805.252.2190

450 Reed Ct | Goleta | 4BD/2BA DRE 01348655 | Offered at $1,495,000 Andy Katsev 805.896.2010

96 La Cumbre Cir | Santa Barbara | 3BD/2BA DRE 01441498 | Offered at $989,000 Robert Watt 805.252.2190

270 Rosario Park Rd | Santa Barbara | 2BD/2BA DRE 01401533 | Offered at $899,000 Thomas Johansen 805.886.1857

150 Sanderling Ln | Goleta | 1BA DRE 01985594 | Offered at $545,000 Chuck Aljian 805.689.6390

LOCALLY OWN ED | G LO BALLY C O N N ECT ED WE REAC H A GLO BAL AU D I E N CE T H ROUG H OU R EXC LUSIVE AFFILIAT ES LEARN MO RE AT VILLAG ES IT E .C O M 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.

RAFAEL BAUTISTA PHOTOS

realestate.independent.com NOVEMBER 4, 2021 INDEPENDENT REAL ESTATE

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ADDRESS: 211 West Gutierrez Street STATUS: On the market PRICE: $850,000

Loft Living in Downtown Santa Barbara

T

here’s a tall, beige condominium complex nestled at the corner of De la Vina and West Gutierrez streets. Even if you haven’t visited this particular downtown corner, I’m sure you’ve seen it as you’ve passed it on the freeway. Known as El Zoco Lofts, the enclave was imagined in the 1990s as a live-work space for artists, to help combat the high cost of living in Santa Barbara.

I first discovered this building a few years back when I spent a day door-knocking for a local political candidate.

Most knocks went unanswered, so the time consisted mostly of walking the area and leaving flyers, providing a personal view of a MAKE MYSELF AT HOME neighborhood that I hadn’t previously known.

My one-day political foray only showed me the exterior of El Zoco.

Last week, when I walked in the front door of Unit 8 and saw the soaring interior space, my delight must have shown on my face. Eileen, the owner, greeted me with an enthusiastic, “I know! I discovered a unicorn!”

by Sarah Sinclair Eileen shared her house-hunting story from years before. She had been looking for an airy, high-ceilinged space with great light in downtown Santa Barbara, but people in the know told her that no such thing existed. We’ve all seen spacious urban lofts in New York — at least in the movies — but California doesn’t offer many such options.

Until Eileen found her unicorn.

The front door opens into the kitchen area, with an open living space beyond capped by a twostory wall of windows that opens onto a private patio. The ground floor could be configured any

number of ways. As Eileen walks us through, she describes how it has served different needs over the years. There’s no denying that the light is ideal for an artist, but with more people working from home these days, the lure of more than 1,100 square feet of flexible living space is universally appealing.

A staircase from the ground floor leads to the bedroom suite above, open to the action below in typical loft fashion. Surprisingly spacious, with generous closets, hardwood floors, and a full bathroom, the loft provides a cozy nest upstairs, while taking advantage of the home’s open, airy feeling.

Back downstairs, I took a better look around. The kitchen is compact but boasts deluxe features, including quartz counters, updated stainless-steel appliances, a chef ’s sink, and a nifty drop-leaf dining counter.

Laundry hookups are concealed in a downstairs closet, and there are dual-pane windows throughout.

In addition to bike parking, EV charging, and covered carports, the condo includes a large separate storage unit, addressing all the needs of suburbia in an enviable down-

town location close to State Street, the beach, and the Funk Zone.

Someone else is sure to scoop up Eileen’s unicorn soon enough and discover the delights of living in a high-ceilinged, New York–style loft, right in the center of Santa Barbara.

211 West Gutierrez Street, Unit 8, is listed for sale in Santa Barbara by Joe Parker with the Santa Barbara Group of Berkshire Hathaway HomeServices California Properties. Reach Joe at (805) 886-5735 or joe@thesantabarbaragroup.com. Visit sbcityloft.com for video and more photos.

NEW LISTING | TASTEFULLY UPDATED Move Right In!

INDEPENDENT REAL ESTATE NOVEMBER 4, 2021 realestate.independent.com

3 BEDS | 2 BATHS | OFFERED AT $995,000

Move right into this tastefully done 3 bedroom + 2 bath home in the Goodland! Updates include luxury vinyl flooring & new baseboards throughout, a beautiful kitchen with new backsplash, countertops & stainless steel appliances, a remodeled primary suite bathroom and A/C. Outside enjoy the newly landscaped backyard that includes room for a firepit & cozy outdoor seating area or dine al fresco under the stars with family and friends! Grow your own flower garden or fruits & veggies in the raised planter beds in the front yard! Centrally located to all Goleta has to offer, this house is not to be missed!

KIM CRAWFORD & ANGEL SPEIER csgroup@villagesite.com | 805.683.7335 DRE 01440068/02037359 All information provided is deemed reliable, but has not been verified and we do not guarantee it. We recommend that buyers make their own inquiries.

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7035 DEL NORTE, GOLETA CA | OPEN SAT 1-3 & SUN 1-4

Message From the President

BY BRIAN JOHNSON - 2021 PRESIDENT - SANTA BARBARA ASSOCIATION OF REALTORS®

1031 TAX DEFERRED EXCHANGE SAFE FOR NOW

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INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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F

or the past year the real estate investment community has feared that, among other things, the 1031 Tax Deferred Exchange could be on the chopping block under a Democrat administration. First, a quick primer on 1031 Exchanges. The tax-deferred exchange, as defined in Section 1031 of the Internal Revenue Code allows a property owner to sell their investment property and defer the taxes that would normally be due upon that sale..

To fully qualify an owner must; (a) acquire “like kind” Replacement Property that will be held for investment or used productively in a trade or business, (b) purchase Replacement Property of equal or greater value, (c) reinvest all of the equity into the Replacement Property, and (d) obtain the same or greater debt on the Replacement Property. Debt may be replaced with additional cash, but cash equity cannot be replaced with additional debt. Additionally, the Exchanger may not receive cash or other

benefits from the sale cause the number of sales each proceeds during the year to plummet and the value of properties to drop as demand for exchange.

When the Biden investment properties would have administration took dried up overnight. office, there was a lot of Throughout the summer and into the fall, negotiations were talk about doing away with the 1031 Exchange being held that would decide the system in an effort to final form of the multi-trillionraise additional taxes. dollar economic plan. Politicians This would affect spent weeks moving things on and a large number of off the table and only over the past small “mom and pop” week or so did the final frameBrian Johnson investors who bought work come together. Members of the House Ways and Means cominvestment properties as a way to build wealth for their families. mittee sent out letters recently to their constituIf the exchange option were eliminated, then ents letting them know that Section 1031 of the any appreciation in the value of the investment Tax Code was safe. While the bill has yet to be property would have been taxed upon a sale. finalized and voted on, we can be assured that There would be no way of further deferring the Tax Deferred Exchange is safe, for now at those taxes through reinvestment. This would least.

Brian Johnson is a California licensed real estate agent and the Managing Director of Radius Commercial Real Estate. Brian handles all types of commercial real estate transactions but has a special focus on multifamily investments. He can be reached at 805-879-9631 or bjohnson@radiusgroup.com

OPEN HOUSES Saturday 11/6 & Sunday 11/7 Goleta

The Mesa

7035 Del Norte, 3BD, 2BA, Sat 1-3 & Sun 1-4, $995,000, Village Properties, Amy Abbott / Kristin Joy Hall / Kim Crawford 805-708-3221 / 805-3458279 / 805-886-8132, DRE#01735358 / #02020854 / #01440068 6609 Calle Koral, 3BD, 3BA, Sat & Sun 1-4, $1,000,000, Village Properties, Spencer Cole 805-689-6673, DRE#02115510 455 Carlo Dr, 4BD, 2BA, Sat & Sun 1-4, $1,500,000, Berkshire Hathaway HomeServices California Properties, Stefan Rock Stojanovski / Katya Sheets 805-570-0640 / 805-708-2323, DRE#00628741 6815 Shadowbrook Dr, 6BD, 3BA, Sat 1-3 & Sun 12-3, $1,995,000, Village Properties, John Sener / Alyssa Jones Sener Jones Associates 805-331-7402 / 805-755-8735, DRE#00978392 / #02096482 6869 Silver Fern Ct, 6BD, 3BA, Sun 1-3, $2,195,000, Village Properties, Pranav Shastri 805-729-7993, DRE#02152010

968 Miramonte Dr #6, 1BD, 1BA, Sun 1-3, $619,500, Berkshire Hathaway HomeServices California Properties, Erin Beck / Lindsay Summer 805-7080446 / 805-453-7706, DRE#01488548 / #02116009 1229 Rebecca Ln #H, 2BD, 1.5BA, Sat 1-3, $659,000, Coast and Valley Properties, Monica Lenches 805-6891300, DRE#01081461 161 Vista Del Mar, 3BD, 2BA, Sat & Sun 2-4, $1,749,000, Mike Richardson, Realtors, Kyle Richardson 805-6803131, DRE#01902531

San Roque 4827 Ogram Rd, 3BD, 2BA, Sun 12-3, $1,099,000, Berkshire Hathaway HomeServices California Properties, Todd McChesney 805- 291-7902, DRE#00864365 3722 State Street #212, 2BD, 2BA, Sat & Sun 1-4, $1,600,000, Village Properties, Madison Roof / Daylyn Jackson / Ruth Ann Bowe 805-4483852 / 805-946-3231 / 805-6981971, DRE#02074888 / #02078391 / #01751940

Hope Ranch 4580 Via Huerto, 4BD, 5BA, Sun 2-4, $5,750,000, Village Properties, Lauren Levinson 805-423-1150, DRE#02135210 4630 Via Vistosa, 5BD, 4BA, Sat & Sun 1-4, $5,950,000, Berkshire Hathaway HomeServices California Properties, Ken Switzer / Bunny DeLorie 805-680-4622 / 805-5709181, DRE#01397098

The Riviera 1720 Lasuen Road, 4BD, 2BA, Sun 12-3, $3,199,000, Keller Williams, Louise McKaig 805-285-2008, DRE#01353981

Santa Barbara 8 W. Constance Avenue #2, 2BD, 2BA, Sat 2-4 & Sun 1-3, $829,000, Compass, Gail Pearl 805-637-9595, DRE#00712260

327 Ladera Street #1, 3BD, 2BA, Sun 1-4, $969,000, Coldwell Banker, Svetlana Dayal 805-452-3407, DRE#02003811 96 La Cumbre Cir, 3BD, 2BA, Sat & Sun 1-4, $989,000, Village Properties, Cimme Eordanidis 805-722-8480, DRE#01745878 913 Diamond Crest Ct, 2BD, 2BA, Sun 1-4, $995,000, Village Properties, Angel Speier 805-316-4336, DRE#02037359 4455 La Paloma Ave, 4BD, 2BA, Sat 12-3 & Sun 1-3, $1,575,000, Village Properties, Curtis Swan II / Justin Corrado 805-607-9709 / 805-4519969, DRE#02049218 / #01356799 2511 Murrell Rd, 2BD, 2BA, Sun 1-4, $1,949,000, Coast and Valley Properties, Monica Lenches 805-6891300, DRE#01081461 1233 Plaza Del Monte, 3BD, 2BA, Sun 2-4, $1,994,100, Coast & Valley Properties, Bob Ruccione 805-7292004, DRE#00544022 959 Barcelona Dr, 3BD, 2BA, Sat & Sun 1-4, $2,090,000, Village Properties, Kim Hultgen 805-895-2067, DRE#00898369 810 Gravilla Dr, 3BD, 2BA, Sat 1-3 & Sun 1-4, $2,185,000, Berkshire Hathaway HomeServices California Properties, Scott Williams / Anaiya Mussolini 805-451-9300 / 805-2583252, DRE#00628741

Montecito 130 Via Alicia, 2BD, 3BA, Sun 1-4, $2,850,000, Berkshire Hathaway HomeServices California Properties, Andrea Ruhge 805-895-5862, DRE#00976141 1274 Eleven Oaks Lane, 4BD, 2BA, Sat & Sun 1:30-4:30, $3,095,000, Sotheby’s International Realty, Jason Siemens 805-455-1165, DRE#01886104 1040 Ladera Ln, 3BD, 2BA, Sat & Sun 2-4, $3,850,000, Berkshire Hathaway HomeServices California Properties, Avi Becker 805-944-2653, DRE#00976141 1039 Cima Linda Lane, 4BD, 6BA, Sun 2-4, $10,500,000, Coldwell Banker Realty, Joanne Stoltz 805-895-7322, DRE#00387433 2285 Bella Vista Dr, 4BD, 6BA, Sun 1-4, $12,950,000, Berkshire Hathaway HomeServices California Properties, Team Scarborough 805-331-1465, DRE#01182792

Carpinteria 1062 Palmetto Way, Apt D, 3BD, 1BA, Sat & Sun 12-3, $699,000, Sotheby’s International Realty, Daniel Carpenter 805-770-0889, DRE#01787203

Santa Ynez Valley 309 E Cherry Ave (Lompoc), 3BD, 2BA, Sat 11-2, $473,000, Berkshire Hathaway HomeServices California Properties, William Samirin 805-7175130, DRE#00782017

161 Vista Del Mar NEW MESA LISTING

OFFERED AT $1,749,000

realestate.independent.com

1 4 2 7 K1 e4 2nwo o d R o a d 7 K e nwo o d R o a d d/2bath (easy modification to a 3 bedroom) single-level home with mountain and city views. Enjoy the

NOVEMBER 4, 2021

YourYour Mesa Realtors Mesa Realtors

INDEPENDENT REAL ESTATE

OPEN HOUSE: Saturday and Sunday 2-4

17

Very clean 2bed/2bath (easy modification to a 3 room bedroom) single-level home with windows/sliders. mountain and city The views. En with vaulted ceilings, an updated kitchen, living fireplace, and dual-pane WALK TO HENDRY’ S BEACH! Mesa lifestyle with vaulted ceilings, an updated roomisfireplace, andasdual-pane windows/slid s a stainless steel Viking stove and dishwasher.

Thekitchen, secondliving bedroom over-sized, it was previously kitchen features a stainless steel Viking stove dishwasher.

The second bedroom over-sized, it was pre spacious backyard a large andand natural landscaping.

This backyard isis ready tothroughout. beastranswhite oak hardwood floors andShoreline recessed lighting Walk tofeatures the beach from this 3bed/2bath 9The SanWEST Ysidro MESA! 1553 Drive 1547deck Shoreline Drive two There bedrooms.

The backyard aThis large deck and natural landscaping.

This is ready to b Sanspacious Ysidro 1553 Shoreline Drive 1547 Shoreline daradise. at $3,250,000 Offered $3,495,000 There is an Drive attached 2-car garage anbackyard oversized concrete single-level home resting a spacious 1/3features acre lot. at $7,995,000 is 329 plenty ofon room forOffered lawn, fruit trees, jungle-gym, trampoline, andatplus more.

Towering over Offered at $3,250,000 Offered atmore. $3,495,000 Offered at $7,995,000 formed into paradise. is plenty of shade room for lawn, fruit trees, trampoline, Toweri driveway with ajungle-gym, gate the Additional features property is justatree 0.8 miproviding fromThere Hendry’s (dog-friendly) Beach on this fabulous 1/2 acretoocean front lot!on This is a once Rare ocean front estate on the Mesa!

This aprivacy gorgeous oak wonderful over the deck.

This home is backyard. located aand very quiet, complete on thisoak fabulous 1/2 home acre ocean front lot!on This is a Rare ocean front estate on the This theEnjoy backyard aprivacy gorgeous tree private providing wonderful shade over the deck.

This is located a ver itoaway estate.

Resting atisthe inMesa! a sliders, life time opportunity to spectacular ultra-luxury include: dual-pane central heating, and apurchase living room and The Boathouse TheKenwood super4bed/4.5bath backyard ed atRestaurant. the end of Road.

Attached 2-car garage with interior access. ~1cul-de-sac acre Montecito estate.

Resting at the in a life time opportunity to pu spectacular 4bed/4.5bath ultra-luxury

tucked lawn, awayfruit cul-de-sac atseveral the end ofareas.

Kenwood Road. Attached 2-car garage interior access. property is aa manicured charming a vacant piece of home oceanwith front property property boasts ~5,100+ sq. ft. offireplace. living light and bright great southern features and patio center of this property is atrees, charming a vacantwith piece of ocean front pro property boasts ~5,100+This sq. isft.aof living Craftsman style home located in one of Santa Barbara’s most space resting on over 1/2 acre of prime Located the “Coastal Zone’’inwhere Great for entertaining!

The kitchen features stainless steel 2,300+ sq. ft. Craftsman style home located one ofshort-term Santa Barbara’s space resting exposure. on over 1/2 acre of in prime OFFERED AT $998,500 OFFERED AT $998,500 circa originally 1912. Today, it desirable neighborhoods.

Build your Build California coastline.

Enjoy unparalleled built circa sink, 1912.and Today, it counters. desirable neighborhoods.

California Enjoy unparalleled vacation rentals are currently allowed. appliances, a dual-basin granite Enjoycoastline. rn amenities, still amenities, dream exact specifications oceanand views of this features and modern still from every dream home to the exact specific ocean corner views from every corner of home this to the charm. Located MUS.charm. Located that you desire.

Panoramic ocean views! ocean v contemporary Must see in person! retains itsinrustic in MUS. home.contemporary that you desire.

Panoramic home. Must see in person!

The Richardson Team The Richardson Team

Mike Richardson, Realtors 1806 Cliff Drive Santa Barbara, CA 93109 Office: (805) 963-1704 Mobile: (805) 680-3131 Fax: (805) 965-1139

Mike and Kyle Richardson Mike and Kyle Richardson

Team@mrrealtors.com Team@mrrealtors.com

805.963.1704 805.963.1704 www.mrrealtors.com www.mrrealtors.com BRE Lic. #00635254 + #01902531

BRE Lic. #00635254 + #01902531

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INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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SOCIETY MATTERS

Text and photos by Gail Arnold

Board President Rev. Julia Hamilton and Executive Director Marcos Vargas

Honorees Nancy Weiss and Marc Chytilo

Fund for Santa Barbara Celebrates at Bread & Roses

O

n October 24, The Fund for Santa Barbara was sion of advancing progressive change by strengthback to a live version of its annual Bread & Roses ening movements for economic, environmental, on the sunny, spacious fields of Elings Park. The political, racial, and social justice. The Fund, he 375 guests, including an impressive showing of explained, does this through grant making, capacity politicians at every level, enjoyed mingling, food and liba- building, supporting coalitions, influencing philantions, and music by DJ Suz before the program and by thropy, and leadership development.

Spencer the Gardener afterward.

Grant making decisions are made not by staff The pleasure of gathering once again combined with pas- or the board of directors, but by the Grant Making sion for The Fund’s work made for joyous energy through- Committee, comprising community activists who out the afternoon. The event netted $165,000 for The Fund’s each bring a different perspective. In a separate work advancing progressive change. teen-led program, Youth Making Change, a North Co-emcees Reverend David Moore and Gloria Soto County and South County board of teens makes welcomed guests and discussed the importance of The grant decisions on youth-led projects, with each Fund’s work. Marc Chytilo and Nancy Weiss were pre- board awarding $15,000 annually.

Board VP David Landecker and Development and Communications Mgr. sented with the Nancy Alexander Founder’s Award for Vargas shared that in collaboration with USC Alina Rey Keswani their tremendous contributions to the community. Chytilo and UCSB, The Fund is conducting a first-ever has represented dozens of community groups in hundreds Regional Equity Study. The study centers on ways of environmental and social justice cases. Weiss has led the pandemic has both revealed and deepened structural various initiatives and served as staff member at The Fund inequities. This December, the collaborative will issue its and the S.B. Rape Crisis Center (now STESA). Together, first report. they have worked on the Foothill Forever Campaign and As for supporting coalitions, Vargas pointed to The Fund’s convening of the Central Coast Immigration Netother initiatives.

Santa Maria native and current UC Berkeley student work and helping to establish and support the Central Juliana Neel was presented with the Firebrand Award for Coast Climate Justice Network. her extensive community involvement.

To influence philanthropy, Marcos explained that The Executive Director Marcos Vargas called for celebrating Fund engages with funders at the local, state, and fedThe Fund’s recent victories: the massive voter turnout in the eral levels. The Fund helped create the Immigrant Legal Associate Director Patricia Solorio and Grant Making Committee 2020 elections, the defeat of the California recall, and the Defense Fund to defend undocumented workers facing Co-Chair Rachel Johnson growth of the racial justice movements. deportation under the Trump administration.

He shared how The Fund, in For leadership development, collaboration with others, has working with other nonprofits, Santa Barbara executive director, led the auction and ask moved forward rent stabilization in The Fund is building a pipeline of with both humor and conviction for the cause. Next up Santa Barbara and Ventura counpeople of color leaders for elected was Spencer the Gardener, with guests flocking to the ties, just-cause eviction in Santa and appointed officials and non- dance floor.

Barbara, and the establishment of profit boards. And each year, the Last year, the fund distributed 56 grants totaling more food-access programs and poliYouth Making Change program than $350,000 and, despite the pandemic, was able to cies in Isla Vista, Santa Maria, and fosters leadership among teens — continue much of its work through virtual means. those on the committee and those Cuyama.

Marcos explained how The running the grantee organizations. For more info, go to fundforsantabarbara.org. For coverage of Boardmembers Diane Fujino, David Pellow, and Fund is always guided by its misGeoff Green, former Fund for other events, go to independent.com/society.

Susan Wax

INDEPENDENT REAL ESTATE NOVEMBER 4, 2021 realestate.independent.com

19

JUST SOLD

777 Calabria Drive 4 Bedrooms, 3 Baths

Santa Barbara, Ca

.

Nico Pollero

.

Hidden Valley Contemporary

Nico.Pollero@sothebys.realty 805.450.3552 | NicoPolleroRealEstate.com

Multiple Offers Represented Buyer Sold $2,160,000

We are experiencing a historic sellers market fueled by low interest rates and low supply.

Have you had any thoughts of selling? Simply scan the QR to schedule an introductory consultation. © 2021 Sotheby’s International Realty. All Rights Reserved. The Sotheby’s International Realty trademark is licensed and used with permission. Each Sotheby’s International Realty office is independently owned and operated, except those operated by Sotheby’s International Realty, Inc. The Sotheby’s International Realty network fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. All offerings are subject to errors, omissions, changes including price or withdrawal without notice. Nico Pollero DRE: 2015085

20

INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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Together We Grow

“American Riviera was helpful all through the process of buying our first home. They were patient and had an answer for every question.

They were so great, we came back to purchase our next home!”

— Kelly and Elizabeth Hahn, Homeowners

What does True Community Banking mean? It means we invest in helping you and our community grow. Your success is our success.

Let’s grow together.

HOM E EQU I T Y L I N E S | CON FOR M I NG & J U M BO MORTG AG E S | BR I D G E LOA NS

AmericanRivieraBank.com • 805.335.8150 Santa Barbara • Montecito • Goleta • San Luis Obispo • Paso Robles

NMLS# 808293

Featured Listing

Recent Solds

Delivering concierge level service, always.

911 ALAMEDA PADRE SERRA Sold for $2,475,000

Steve Epstein

CalDRE #0994429

Kendrick Guehr CalDRE #01964065

Brooke Williams CalDRE #01971022

7624 HOLLISTER AVENUE UNIT 227 2 BD | 2 BA

Nate Hagon

CalDRE #02011627

Stan Aslanian

CalDRE #01866069

Jedd Hewitt

CalDRE #02118814

920 WELDON ROAD Sold for $2,300,000

Offered at $695,000 | 7624Hollister227.com

1110 E. DE LA GUERRA STREET Ajia Orozco Marketing

Kate Heitmann

Administrative Assistant

Chase

Sold for $1,140,000

Lic. #600029

1235 Coast Village Road, Montecito, CA 93108 1503 Chapala Street, Santa Barbara, CA 93101

340 MALLORY WAY UNIT 104 Sold for $600,000

FUTURE MEETS PAST: CALIFORNIA ARCHITECTURE + DESIGN He has published and lectured widely on architects Greene & Greene and the American Arts & Crafts movement over the past thirty years. He organized numerous museum exhibitions and study tours and has taught Historic Site Stewardship at the University of Southern California and Claremont Graduate University. His full-length monograph, Greene & Greene, published by Phaidon Press Ltd. in 2000, is the premier study of the architects’ work. A native of San Francisco, he holds a BA in Art History from the University of California at Berkeley, and an MBA from the UCLA Anderson Graduate School of Management. In 2021 he was awarded Honorary Membership in the AIA. “Future Meets Past: California Architecture + Design” will be held at 6:00 PM on Tuesday, November 16 at the University Club, 1332 Santa Barbara Street. Reservations may be made at (805) 403-7053. All guests are required to wear a mask.

REALTORS®: Share your industry info in “REAL ESTATE SCOOP.” Email sarah@independent.com for details.

21

home designs in Santa Barbara. The one hour event is free to the public, but seating is limited.

Marc Appleton is the founding principal of Appleton Partners LLP – Architects, with offices in Santa Monica and Santa Barbara. A graduate of Harvard College and the Yale School of Architecture, he was named to the list of top one hundred designers in Architectural Digest Ted Bosley Marc Appleton from 1991 to 2014. He has written, published or contributed to many books includCalifornia Architecture and Design will be ing Mediterranean Domestic Architecture in the the topic at an upcoming presentation featuring United States (1999), George Washington Smith: Marc Appleton and Ted Bosley, being held at the An Architect’s Scrapbook (2001), Casa del HerUniversity Club on November 16. rero (2009), California Mediterranean (2007), Architect and author Marc Appleton will dis- and Ranches: Home on the Range in California cuss California Mediterranean Home Design (2016). He resides in Santa Barbara. and Greene & Greene expert Ted Bosley, former Edward “Ted” Bosley is the recently retired executive director of the Gamble House in Pas- Director of The Gamble House in Pasadena. adena, will discuss brothers’ Greene & Greene

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REAL ESTATE SCOOP

NOVEMBER 4, 2021

805.689.9339 TheEpsteinPartners.com

INDEPENDENT REAL ESTATE

Wonderfully located in a private and quiet location near Ellwood Bluffs and UCSB, this updated twobedroom, two-bathroom Eucalyptus Grove condo offers 1,145 square feet, hardwood flooring, recessed lighting, fireplace, in-unit laundry and spacious bedrooms with their own patios and baths.

Q: Marsha, I’d been condo searching for six months.

Finally, I made an offer that was accepted. Now it feels as if time is moving at warp speed. We close escrow in 30 days, and all these terms, conditions, and “must dos” are being thrown at me. On top of everything, I had to put a significant “good faith” deposit into escrow. I worry I’ll lose my money if things go awry. My agent told me to relax. Am I worrying unnecessarily?

A: I know how you feel. You

went from methodically looking at homes to being in a binding contract with terms and conditions that need to be adhered to in a timely manner. You feel like the 6th grader who missed the math week where how to reduce fractions was discussed. Now you have no idea what anyone is talking about. On top of that, you have

by Marsha Gray money at risk!

When you initially made your offer, your agent told you that a good-faith earnest money deposit would be required. The amount of the deposit varies from county to county and local customs. In Santa Barbara, 3 percent of the offering price is the norm. If you choose to offer less than that, you risk having your offer rejected. Or, more likely, you will receive a counteroffer asking you to increase your deposit to 3 percent. The deposit is not your down payment; however, it will be taken into

INDEPENDENT REAL ESTATE

NOVEMBER 4, 2021

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Real Estate Q&A

account as part of your down payment.

There is a reason for the 3 percent amount. I won’t go into detail here, but it has to do with a “liquidated damages” contingency in the contract. If both buyer and seller initial the liquidated damage contingency, it is agreed that the seller will not sue the buyer for more than 3 percent of the contract should this real estate transaction go really, really south. That sounds scary, but transactions rarely fail that badly.

What you really want to know is: under what circumstances do I get my deposit back, and when can the seller claim my money?

With most contracts, there are contingencies, which must be approved by the buyer for the sale to complete. You are purchasing a condo. The three important contingencies that must be met are: the physical inspection and condition of the condo; the financing for the sale must come through; and finally, you have to approve the CCRs, conditions, covenants, and regulations for the condo association. If any of these contingencies aren’t released by you, then the sale will be canceled and your good-faith money returned.

When can the seller keep your deposit? Once you release all contingencies, the seller is assured the sale will be completed. If you now cancel the contract, the seller will be

BENJAMIN MASSELLO

Worried About Your Deposit? Relax

within his rights to demand and keep the deposit. Surprisingly, even when they have the right, most sellers still release the deposit. They simply want to quickly put the home back on the market and get it sold.

As your Realtor said, relax! You are on track to purchase your condo, and your deposit money is safe.

Marsha Gray, DRE #012102130, NMLS#1982164, has been a real estate broker in Santa Barbara for more than 20 years. She works at Allyn & Associates, real estate services and lending. To read more Q&A articles, visit MarshaGraySBhomes.com. She will research and answer all questions submitted. Contact Marsha at (805) 252-7093 or MarshaGraySB@gmail.com.

The Home Page

22

Sarah Sinclair gives you the inside scoop on real estate in The Home Page, going behind the scenes each Sunday to visit our region’s casitas, cottages, and castles.

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Proudly Congratulates Tim Walsh

Congratulations Berkshire Hathaway HomeServices California Properties is pleased to congratulate Chase Enright 3724 State St. #305 Listed at $1,750,000 3724 State St. #306 Listed at $1,650,000

For his outstanding representation and successful closing of: 1131 LAS ALTURAS RD, SANTA BARBARA, CA Offered at $6,950,000 | Sold at $7,250,000 (REPRESENTED SELLER)

805.259.8808 | tim@villagesite.com TimWalshMontecito.com | DRE 00914713 @timwalshmontecito on IG 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.

Chase Enright 805.708.4057 ChaseEnright@bhhscal.com DRE: 01800599

© 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.

23

on the successful representation of the buyer & seller at

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NOVEMBER 4, 2021

knowledge and experience, our clients benefit by having access to more options because we put their own interests ahead of our own.

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COLLABORATE. By sharing our