Foxenwood Garden Villa Townhomes in Orcutt, CAThe upscale Foxenwood neighborhood is popular with buyers due to its location, which is directly adjacent to Old Orcutt, and its proximity to Vandenberg AFB (15 minute drive to the main gate). The location of the development is off the beaten path, yet close enough to enjoy the amenities of downtown Orcutt. And, the Foxenwood neighborhood is bordered by other prestige areas such as Lorraine Estates, Deerfield Estates, and the new “Old Mill” development. It is not unusual for home sellers in Foxenwood to throw in a complimentary membership to the Foxenwood Swim & Tennis Club with the purchase of their home.
Asking prices for homes in Foxenwood currently range from about $400,000 to $700,000, with the median at around $500,000 for a 2400 sq. ft. home. Resale townhomes in Foxenwood sell for about $300,000. In the past six months, 11 home sales have been reported in the Foxenwood area, ranging from $400,000 – $555,000, and averaging about $481,000. Just this month on 11/13/09, a 2700 sq. ft. home on Burlington sold for $495,000 after 95 days on market, and on 11/18/09, a 1961 sq.ft. bank owned home on Quail Ridge Drive sold for $415,000 after only 15 days on the market. Smaller homes and distress sales (short sales and REOs) are predictably ranging lower around $400,000 – $450,000, and “regular” sales, where homes tend to be better maintained and upgraded are selling between $450,000 – $550,000.
Click and search here for currently listed homes in the Foxenwoods area. If you would like a list of homes available in the Foxenwoods neighborhood, or in Orcutt generally, send an email to me at tni@mintprop.com, give me a call at (805) 878-9879, or feel free to search for homes on my website: www.iLoveOrcutt.com.
*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. Prospective home buyers should always check with the local school boards for updates to school boundaries.
So many of the first time home buyers in the Santa Maria market today are concerned about whether they will qualify for the $8000 tax credit. Short sale purchases can qualify for the credit , so long as the buyer qualifies for the credit in general. (You should check withb your tax professional on this issue). However, because the timelines on short sales are somewhat undetermined, they can fail to close by the deadline for the tax credit. Right now, it is my understanding that in order to qualify a buyer must have a confirmed contract by April 30th. In the case of a short sale purchase, this means the buyer must have a signed contract and bank approval of the short sale in hand in order to qualify for the tax credit. And, the transaction must close by June 30th.
