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1833 Santa Barbara Street
Santa Barbara, CA 93101
$3,995,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
Discover ''The Keeney House'', featured in the Santa Barbara Architecture book, a captivating testament to Upper East craftsmanship. This enchanting ''Bay Regional Traditional'' residence boasts 6 beds and 5.5 baths within an elegant layout, complemented by a sprawling yard, pool, and spa alongside a 3-car garage. Unveil the hidden potential of the lower level's +/-640 square feet, with its own private entrance, offering versatility for various purposes. Step into an inviting foyer adorned with stunning oak floors and redwood walls, leading seamlessly to expansive living and family rooms that embody both comfort and sophistication. These spaces seamlessly extend to the treetop and ocean view deck, overlooking the pool, spa, and verdant yard— a perfect setting for relaxation and entertainment. Revel in the timeless charm of this home that has undergone a ''down to the studs'' remodel, including dual-zone HVAC, foundation, electrical, and plumbing systems. Ascend to the second level, where three ensuite bedrooms await, including a luxuriously spacious primary suite featuring a sun-drenched retreat, an indulgent bathroom with a soaking tub, and an array of closets, including three walk-ins. The third level offers two additional bedrooms, one bath, and a bonus area, providing ample space for all your needs. Entertain effortlessly on the multiple patio spaces, embracing the idyllic Santa Barbara climate year-round. The expansive dining room, adjacent to the sunlit kitchen, sets the stage for memorable gatherings. With a walk score of 83, relish in the coveted Upper East location, just moments away from Santa Barbara's finest offeringsworld-class dining, boutique shopping, the Theatre District, and pristine beaches.
Property Information
Lot Size
-- square ft
Property Type
Residential
Year Built
1915
MLS Number
23-3113
Location
Address
1833 Santa Barbara Street
City
SANTA BARBARA
State
CA
Zip Code
93101
County
SANTA BARBARA (SOUTH)
Listing
Provider
Keller Williams Realty Santa Barbara, original listing
Name
Keller Williams Realty Santa Barbara
Phone
(805) 456-3600
Office Name
Keller Williams Realty Santa Barbara
Office Phone
(805) 456-3600
Agent Name
Steve Epstein

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.