Village of Northpoint CondosThe Village of Northpoint condominium community offers residents a tucked away feel in the heart of Orcutt. Located just off Foster Road and within walking distance of both Righetti and St. Joseph’s High Schools, this development boasts a pool, clubhouse and tennis courts. Mature trees line the blacktopped streets dotted by clusters of townhomes with blue tinted tile roofs. There are 3 and 4 bedroom plans, each with the bedrooms upstairs and the main living space and half bath downstairs. Units have a patio, and a balcony off the master suite. Monthly association dues range from about $220 – $250 per month.
Entrance to Village of NorthpointLooking at sales in the 3 month span from November 2008 – January 2009, there have been 4 sales in Northpoint, with an average selling price just under $200,000. All of the units were bank owned. Interestingly, all these sales took place in January. The highest re-sale was a 3 bedroom unit on Shady Lane which sold for $209,000. The only 4 bedroom unit sold was on Northpoint and went for $205,900. The least expensive unit sold was on Parkview and sold for $185,000.
Clubhouse & Pool at NorthpointIf you would like information or a list of available Orcutt condos, foreclosures, or short sales send an email to me at tni@mintprop.com. You can also search for properties on my websites: www.iLoveSantaMaria.com, www.SantaMariaRealEstateSearch.com, & www.BuySantaMariaForeclosures.com (map based search). If you have questions about a specific property, or would like to set up an appointment to consult about a possible short sale of your property, I can be reached at (805) 878-9879.
*Based on the information from the Central Coast Regional MLS. Neither the Association, the Multiple Listing Service, or 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 market.
There are 295 active and pending homes and condos in the Orcutt zip code of 93455. Of those 295 properties, 41 homes are foreclosures (13.8%) and 113 are short sales (38.3%). So currently, over 50% of the Orcutt market is either a bank owned property or a short sale. Average asking price overall was $337,392, asking prices for foreclosures was significantly lower at $256,678, and for short sales it was $269,678.
There are currently 528 homes for sale in the Santa Maria CA (and Orcutt CA) area. Approximately 250 of those homes are short sales where bank approval is necessary to complete the sale. About 141 of the remaining homes are bank owned / foreclosure listings. Thus, approximately 50 percent of the Santa Maria inventory is short saled, and about 25% is bank owned (REOs). You can search for short sales and REO Santa Maria homes at www.iLoveSantaMaria.com and www.iLoveOrcutt.com.
