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105 Foothill Road
Ojai, CA 93023
Tonya Peralta with Keller Williams West Ventura County, original listing - (805) 646-9800
$2,795,000
Conventional
Property
Bedroom
3
Bathroom
Full: 2
Property Type
Conventional
Square ft
2363 Square Feet
Property Description
An Ojai rarity~ an Authentic Spanish home, with a detached multi-room studio (perfect for an ADU or an abundance of office space) with privacy and views of the surrounding mountains, all while being super close to downtown Ojai! Located in one of Ojai's most coveted areas, Foothill Road, you have found the perfect combination of vintage charm and modern conveniences. Every corner whispers of character and timeless beauty~ original hardware, hardwood floors, windows perfectly framing the mountains, rounded front glass door with a barrel ceiling, wood beams with a cathedral ceiling, and vintage tile accents on the fireplace. Combine these features with updated bathrooms, as well as updates to the plumbing and electrical systems, skylights throughout, landscaping including a citrus path, entry gate, and more! It makes it easy to fall in love with the Ojai lifestyle. The clay tile covered patio is one of the favorite features, accessible by multiple sets of French doors leading to the living spaces and bedrooms. It's the perfect spot for your alfresco farm-to-table dinner party with the 'Pink Moment' mountain view as your backdrop. When you're ready to unwind, the primary suite offers an oasis with a rejuvenating steam shower, a cozy corner fireplace and a separate sitting room. As you move through the home, you'll find spacious rooms, including a living & family room, a light & bright kitchen with a cozy breakfast nook, a dining room with multiple sets of French doors, and don't forget the oh-so flexible bonus space that is ready to convert to an ADU, office or guest space. The generously sized lot is elevated to provide privacy and capture stunning vistas and includes lush landscaping complete with olive and Oak trees, a tranquil fountain, a deck and a raised garden bed where you can harvest your own bounty of veggies. Location is everything, and you'll quickly learn to love being so close to town, with Barts open air book store, the local farmers market, hiking trails, the bike path, and all of Ojai's favorite restaurants! This meticulously maintained Spanish retreat offers the essence of Ojai living, where authentic beauty meets comfort. Come to experience all that this one-of-a-kind property offers!
Property Information
Lot Size
0 acre(s) square ft
Property Type
Residential-Single Family Residence
Year Built
1928
MLS Number
--
Location
Address
105 Foothill Road
City
Ojai
State
CA
Zip Code
93023
County
VENTURA
Listing
Name
Phone
(805) 794-7458
Office Name
Office Phone
(805) 646-9800
Agent Name
Tonya Peralta
Agency Phone
(805) 646-9800

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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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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.