The Santa Maria Sun reports that local officials have secured an additional $6.7 million to repair the Santa Maria levee. Without repair, Santa Maria homeowners are faced with having to buy flood insurance. In its current state, the levee would not hold fast against a “once in a hundred years” severe flood and homes are at risk. This is great news as it brings santa Maria a step closer to repairing the levee and removing the threat of mandatory flood insurance on homeonwers. Flood insurance would greatly increase the cost of homeownership — edging monthly costs up as much as $160 at a time when budgets are already tight. Prior to securing these funds, I watched an interview with Mayor Lavagnino in which he speculated that the imposition of flood insurance might push even more homeowners in Santa Maria into foreclosure. Santa Maria has already been hard hit in by the housing boom and bust. If the 2009 Omnibus Appropriations Act is approved, the Army Core of Engineers will conduct the repair.
If you would like information or a list of available home foreclosures, condos, or short sales in the Santa Maria – Orcutt CA area, 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.
Hancock Park is located in southeast Santa Maria adjacent to Marian Medical Center, Allan Hancock College, and near the new Trader Joe’s. The name Hancock has a long and storied history in Santa Maria, beginning with Captain G. Allan Hancock and his adoption of the Santa Maria Valley as his retirement city. In keeping with the prestige that the Hancock name confers in the local area, Hancock Park remains a premier area in Santa Maria and it also offers convenient access to Highway 101 and the Five Cities area. Nestled within Hancock Park is Joe White Community Park which hosts a play area, gazebo and plenty of greenbelts.
The Village of Northpoint condominium community offers a tucked away feel in the heart of Orcutt to its residents. 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 downstairs.