Somerset Gardens Santa Maria – Orcutt Luxury Townhomes – 2012 1st Quarter Real Estate Market Update
The desirable Somerset Gardens community is located southern Santa Maria near the upscale communities of Country Club Estates and Foxenwood Country Club Estates. These luxury townhomes were built from about 2003 through 2005 and range in size from 1600 – 2100 sq.ft. offering three floor plans, both two story plans and one story plans. Somerset Gardens offers a community clubhouse and pool, as well as a small putting green for resident use. Association dues are presently about $182 per month. The community is within walking distance of grocery stores, restaurants, and department store shopping.
Address
Date
Size
Detail
Sale Type
Sold Price
2307 Timsbury Way
3/22/12
1678 sq. ft.
3 bed / 2 bath
Resale
$230,000
If you are considering selling your Somerset Gardens Home and you would like a comparative market analysis, feel free to contact my office at (805) 938-9950 and set up an appointment. I specialize in short sales and distress sales. If you are interested in buying a home in Somerset Gardens Home I will be happy to assist you and provide a list of available condos in this development and the surrounding Santa Maria-Orcutt area.
Tni LeBlanc is an independent Real Estate Broker, Attorney, Short Sale Agent, Certified HAFA Specialist (CHS), and Certified Distressed Property Expert (CDPE) serving the Santa Maria, Orcutt and Five Cities area of the Central Coast of California.
* Based on the information from the Central Coast Regional MLS. The Association, the Multiple Listing Service, nor Mint Properties guarantees or is in any way responsible for its accuracy. Data maintained by the Association or its MLS may not reflect all real estate activity in the real estate market. School district boundaries are subject to change and must be verified with the appropriate authority. Association dues are subject to change. Information is deemed reliable but not verified or guaranteed by broker. Nothing in this article is intended to solicit listings currently under contract with another broker. This article offers no legal or tax advice and is for information purposes only.
In July 2006, Mint Properties opened an office in the Mission Creek Plaza on Santa Maria Way. Tni’s stated aim is to offer the highest quality representation and professional service to her clients. Independence affords her the ability to avoid a volume driven approach; the result is prompt, reliable, individualized service coupled with straightforward advice. Indeed, she brings the same level of professionalism to real estate as she did to the law.
Can you buy a condo in today's market with FHA financing? The answer is yes you can, but it is very difficult lately. Fannie Mae enacted guidelines which have impacted the condo market tremendously. These guidelines were meant to encourage owner occupancy and stability in condo associations but in many instances they have ended up penalizing associations not already in conformance with those guidleines and making all but impossible for them to ever conform.
There is intense competition for homes in the Santa Maria and Lompoc markets, especially for homes priced under $300,000. There simply aren't enough homes for interested buyers. It is not unusual when competing for a home to go up against 12 - 15 other buyers. And, some are pulling no punches when it comes to asking price.
