Tucked away in the hills of southwest Lompoc is the charming HOA community, Foothill Estates. The community is broken up into enclaves of duplex style units, with two units attached at one common wall. They have two car garages, and larger back yards than you get in other HOA communities. Amenities include a community pool, spa, and poolhouse. There are 2 and 3 bedroom models which range from about 1100 to 1300 square feet in size. The monthly HOA fees are $145 per month. But what you get for the money can’t be beat. The views from this development are breathtaking and unmatched, and if you have a large dog you can’t beat having a decent size yard versus the patio that most comparably priced condo units offer.
Community Pool at Foothill Estates in Lompoc
There were 7 sales reported in Foothill Estates in 2009. Sales prices ranged from $109,500 to $165,000. In February, a 2 bedroom unit on Hermosa Court sold to an all cash buyer for $109,500. And in July, a 2 bedroom, 2 bath unit on Balboa Court sold for $165,000 to a VA buyer. Average days on market was 59, and the average price per square foot was $111 for the development overall. Three of the sales were REOs (foreclosures), two were regular sales, and two were short sales. Current asking prices in Foothill Estates range from $122,760 – $140,000. If you would like a list of homes in the Foothill Estates development, or in Lompoc generally, please send an email to me at tni@MintProp.com. Or give me a call at (805) 878-9879, and I will organize a personalized tour of properties for you.
*Based on the information from the Lompoc Valley & 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.
Are you a military veteran looking to buy a short sale home with a VA loan in the Lompoc, CA area? Short sales can be excellent bargains, and they also offer some relief to the VA buyer who may be experiencing difficulty purchasing a bank owned or REO listing in the competitive Lompoc foreclosure market. The first thing to keep in mind when buying a short sale property is that there are a lot of contingencies involved, and using VA financing can add to those contingencies. So, some short sale agents will advise their client to take a conventional, cash, or FHA offer before a VA offer because they view those loans as easier.
Everyone in the Santa Maria and Lompoc housing marlet is talking about short sales these days. They love them, they hate them, they love to hate them, they. . . well you get the picture. There are a lot of opinions on them. One thing is for sure, if you are a short sale seller you should work with an experienced agent and obtain legal and tax advice before entering into a short sale arrangement. Short sales have significant financial, legal, tax, and credit consequences.
