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2101 Mountain Avenue
Santa Barbara, CA 93101
$3,500,000
Conventional
Property
Bedroom
6
Bathroom
6
Property Type
Conventional
Square ft
--
Property Description
STILL SHOWING/ACCEPTING BACKUP OFFERS! A magical tree-house, reimagined. Approximately five private, hidden acres in the heart of Santa Barbara offer an ideal setting for this one-of-a-kind custom home. As if entering a park, an oak-studded drive winds upward to this stunning 5BD/4.5BA home and 1BD/1BA guesthouse where panoramic city, mountain, and ocean views dazzle. Under the same stewardship for over 30 years, this craftsman-style home has been lovingly updated and expanded. Cloaked in towering trees and lush mature gardens, the property echoes the serenity of a mountain retreat yet is only minutes from downtown Santa Barbara. Multiple decks offer various vignettes to appreciate the impressive grounds. Rooms gracefully flow from one to the next, making for an entertainer's dream. The main living spaces on the first floor feel spacious, bright, and welcoming. A formal living room with a brick fireplace offers sweeping city and mountain views. French doors from the adjacent formal dining room open to the al-fresco dining terrace, and bay windows frame the verdant backyard. Enjoy a sun-soaked kitchen with a garden window, stone countertops, tumbled marble backsplashes, bar-height seating, and frosted glass front cabinets; the seasoned chef will appreciate elevated appliances, dual pantries, and a butcher-block island. The family room beside this open-concept kitchen faces the backyard and offers a convenient breakfast nook with built-in banquette seating. French doors lead outside to access the terraced levels of the surrounding grounds. The main level also features an ensuite bedroom, a powder room, and a laundry room. Recent upgrades include new flooring and two updated bathrooms. Four bedrooms and three bathrooms reside on the second floor. Breathtaking ocean, city, and mountain views grace the primary suite with a private deck, a sitting room with a free-standing fireplace, and an en-suite bathroom with dual vanities and a soaking tub beneath a bay window. French doors separate the sitting area from the bedroom, with yet another deck and a spiral staircase that leads down to the backyard. Completing the suite is a walk-in closet and a private office. An additional ensuite bedroom also enjoys the sweeping views from its balcony and bathroom. Two adjacent bedrooms, each enhanced by access to a private balcony, and a hall bathroom complete the upstairs floor plan. Serenely tucked below the main house, the guest house provides its own oasis. Complete with a kitchen, a bedroom, a living room with a mini-loft, and a private deck with a two-person spa. The guesthouse is a unique hideaway for guests and tenants alike. The surrounding wooded grounds and flourishing flora are a paradise in which to experience year-round. Savor evenings around the fire pit on the back lawn, afternoons entertaining on one of the numerous patios or decks, or early morning hours listening to the sounds of nature while soaking in one of the two outdoor spas. A terraced garden and 13 mature fruit trees await a new owner to reap their rewards. Other features include fresh exterior paint, new flooring, new septic, new roof, resurfaced driveway, an oversized two-car garage, below garage storage, 39 owned Panasonic 330W solar panels (total DC power of 12.9kW), a trampoline, a chicken coop, multiple parking areas, and partial ownership of the adjacent palm preserve. This truly unique and rare downtown estate offers privacy, serenity, and the essence of being enveloped in nature while remaining only moments from all Santa Barbara has to offer.
Property Information
Lot Size
5 acre(s) square ft
Property Type
Residential
Year Built
1951
MLS Number
24-69
Location
Address
2101 Mountain Avenue
City
SANTA BARBARA
State
CA
Zip Code
93101
County
SANTA BARBARA (SOUTH)
Listing
Provider
Village Properties, Inc., original listing
Name
Village Properties, Inc.
Phone
(805) 565-8868
Office Name
Village Properties
Office Phone
(805) 969-8900
Agent Name
Sener Jones Associates

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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.