Due to time constraints, I’m combining the weekly Good Housepeeking and Price Cuts posts. From the former: This weekend’s open-house lineup can be found at sbopenhouses.com, courtesy the Santa Barbara Association of Realtors. From the latter….
More proof that French-inspired houses often have a hard time selling: 4178 Cresta Avenue (↓$250K to $5.748M) in Hope Ranch has shaved another quarter million off its asking price. And if the original ask of $7.3 million (from 534 days ago) was far too high for a non-ocean-view property in this neck of the woods, the current price is starting to slide into deal territory. The house is solid and private, and you could strip away some of the France easily enough. P.S. It’s open today (Sunday), 1-4 p.m.
Compare 4178 Cresta to its neighbor, 4260 Cresta Avenue (↓$600K to $6 million), and the former looks like an even better deal—unless an ocean view is that important to you. The decor at 4260 is dated, and the amateur photos do it no favors, but even if you pull a Marie Kondo on the place, you’re still going to have work to do. Plus, it’s right on the (admittedly quiet) street.
“Master flipper” Xorin Balbes knocked a million off the price of 365 El Cielito (↓$1M to $7.95M), which has style to burn and views to die for, but is that enough? He bought it in January of 2018 for $3.5 million. Or perhaps the high asking price is one way to make a buyer who pays $6 million feel like he or she is getting a deal….
3651 Eileen Way (↓$51K to $1.8M) in San Roque looks like a reno done on spec, but the choices were good and it’s on a quiet street. Go take a look, if only to see the World’s Largest Dreamcatcher.