In April of 2018, 396 Woodley Road (↓$700K to $4.975M) came on the market at $8.75 million—an eyebrow-raising price for a house with not much usable land (much of the 1.37 acres is hillside), no guest house or pool, only a small ocean view, and broad exposure to the street below. The trajectory has been all downhill from there, and now the house is primed to sell at just under $5 million—nearly 50% off the original ask. On the plus side: The house feels spacious, with nice lines and impressive non-ocean views. The question is, how much do you have to put into it to bring the style up to date?
HeartStone Ranch, the 12-acre property at 4188 Foothill Road (↓$400K to $6.95M), has been on the market for 497 days. That’s an appealingly large chunk of land…. Is it possible that the Carpinteria cannabis boom is casting a cloud over the house?
Calling the .29-acre 626 San Roque Road (↓$100K to $1.895M) a “mini estate” is pushing it, especially since its not even relatively large—one of its next-door neighbors is four times the size. The 1956 house seems to have been recently redone, and it’s ready for a personality implant. It’s open Saturday, 1-3 p.m., and Sunday, 1-4 p.m.
In what might be a record, the price of 640 El Bosque Road (↓$300K to $5.9M) dropped just one week after the listing first hit the market. There’s only the one exterior photo and a shaky video walk-through. You don’t need a Magic 8-Ball to predict that the price will be slashed again.