Lake at River Oaks Home to Jim May Park (an 11 acre park which includes a lake and walking trails) and Ida Redmond Taylor Elementary, the River Oaks development offers an idyllic setting which parallels the Santa Maria riverbed in northeast Santa Maria. Built from 1999 -2003, these homes range from 1400 sq.ft. up to almost 3000 sq.ft. in size. Current asking prices for active and pending homes in the River Oaks development range from $260,000 to $299,900. In the past 6 months, home sales prices in River Oaks ranged from $235,000 – $310,000. A 1400 sq.ft. one story short sale on Cornell Ct. sold for $235,000 and a 2086 sq.ft. two story foreclosure (REO) on Jesselle Ct sold for $310,000. The average selling price was approximately $285,000 after 76 days on market with an average price per square foot of $134. The smaller one story models sold for between $235,000 – $260,000 (there was also one larger one story home on Melanie Ct. which had a 500 sq.ft. addition which sold for $290,000 — but that was the exception not the rule). The larger two story models ranged between $265,000 – $310,000, with an average sales price of about $285,000. The largest home in River Oaks during this period was on Murray Drive and it had 5 bedroom, 4 baths and sold for $310,000.
Click here to search for available homes in the River Oaks development, or if you would like a list of other available Santa Maria homes, send me an email at tni@mintprop.com and request automatic email alerts on new properties as they hit the market in Santa Maria and Orcutt. If you would like a private tour of available homes in River Oaks in Santa Maria, give me a call today 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.
The California Association of Realtors reports that the newly signed California budget provides for a tax credit of up to $10,000 for new home buyers. The credit will apply to purchases made between March 1, 2009 through March 1, 2010. Buyers are eligible for a credit equal to 5% of the purchase price of the home u to a mxaimum of $10,000. It does not apply to the purchase of existing homes; but it does apply to any buyer (not just first time buyers) as long as they are purchasing a primary residence.
What does the average home in Santa Maria cost? In the past 30 days, home buyers in Santa Maria have paid $220,930 for a home in Santa Maria, and an average of $146 per square foot. Looking at the past 6 months (since the beginning of the year), the average was slightly lower at $217, 911 and $143 per square foot paid.
Tni LeBlanc, JD, M.A., e-PRO