Private Park at EdgewoodThe Edgewood Homes in Orcutt are a delightful collection of one and two story homes just west of Bradley Road and north of Union Valley Parkway, adjacent to the Oak Knoll neighborhood and St. Joseph High School. These homes are located in the Orcutt school district and are a 20 minute drive to Vandenberg AFB. They were built in the mid to late 1980’s and range in size from 1300 sq. ft. to 1800 sq. ft. The development includes a private park that is gated and for the use of residents only. Homeowners association dues are approximately $100 per quarter and ensure that the park and common areas are maintained. In the past six months, 4 homes were reported sold in the Edgewood development. Selling prices ranged from $275,000 to $305,000. The two most recent sales occured within the last week. On November 13th, a two story 1579 sq. ft. home on Bridgeport Rd. sold for $305,000. And on, November 10th, a 1300 sq. ft., short sale listing on Breezy Glen Drive closed for $275,000.
If you would like a list of homes available in the Edgewood development, 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.
Cash buyers are getting the best deals in this competitive market. I've found that the best deals tend to be bank owned homes vs. short sales, and cash does help in the ban owned bidding process. Banks tend to be more conservative about selling prices for short sales where they still have the borrower on the hook. So, I find that short sales tend to close right at current selling prices or slightly higher. Whereas, the goal with REOs is to move that asset off of the books quickly. So, you will see bigger price discounts on bank owned properties.
Tni LeBlanc, JD, M.A., e-PRO