Coldest winter in San Luis Obispo County?

That would be this summer
Just change my address from Baywood to Foggy Bottom, columnist says

I like weather, real weather — weather where the four seasons are defined by snowy winters, balmy springs, hot summers and blustery, cool autumns.
I’ve never lived in such weather, but it’s a genetic thing; my DNA is defined by generations of Norwegian Minnesotans who not only dealt with real weather, they actually thrived in winters that are so cold, they’d freeze your eyeballs in their sockets if given half a chance.
But no, although conceived in Minneapolis, I was born on the Central Coast, a place that has but two seasons: blue and gray. It doesn’t much matter what the calendar says, each day throughout the year is pretty much “low clouds clearing to sunny skies with highs in the low to mid-70s.”

That kind of daily forecast may be the stuff in which chambers of commerce and real estate agents weave their respective dreams, but for a quadra-seasonal sensibility trapped in a bi-seasonal reality, it simply falls short of being called real weather.
And now, to make climactic conditions on the Central Coast even more homogenized, more one-size-fits-all, it looks like our summers on the coast are completely divested of any blue skies.
For the past two months, The Lovely Sharita and I have been able to count the number of sunny days at our Baywood home on one hand. This is not an exaggeration. There have been four.
We get up; it’s foggy. We go to work; it’s gray. We get home from work; it’s foggy. We eat our dinners and dream our dreams under a blanket of fog. Our dogs, being color-blind, are only too happy to take foggy walks next to gray estuary waters under a stratus-gray sky.
I don’t care if it’s advection fog, radiation fog, upslope fog or steam fog. We’ve got it: monochromatic skies.
OK, this kind of anomaly happens. This paper’s managing editor, Tad Weber, remembers a summer in Santa Barbara that was fogged in for three months, giving that particular season in that city the sobriquet of “Bummer Summer.”
But it seems like north-facing coastal towns such as Los Osos/Baywood Park and Cambria are picking up the fog-bound weather check while other beach towns such as Avila and Cayucos are getting a sunny free pass.
With that in mind, it’s of particular teeth-gnashing frustration to see a completely blue sky hovering in all directions to the north, south and east of our home, while overhead — and almost perfectly mimicking the contours of the Los Osos peninsula — sits an impermeable puddle of fawwwwg.
Yet, things could be much worse. We could live anywhere in the U.S. east of San Luis and be baking our brains out. Judging by the number of red temperatures on the Weather Channel’s evening map of the United States, most Americans are living in some kind of perpetual purgatory this summer — with most of that air being so muggy you could strain it with a seersucker suit.
So, OK, I’ll take a little cheese with my whine, count my blessings and look forward to our real summer on the coast this coming autumn — which will, no doubt, only further discombobulate my already foggy and confused quadra-seasonal sensibilities.
sanluisrealestate.com

San Luis Obispo plans to crack down on landlords

People who rent out their homes in San Luis Obispo and who don’t have a business license and tax certificate could face daily penalties if they do not come into compliance with a new city crackdown.
City officials say they will mail 3,900 enforcement letters later this month to property owners who appear to be renting homes without maintaining a required business tax certificate and license.
Those property owners will be given about a month to comply. If they do not, city officials say they will issue administrative citations up to $500 a day after the third straight day of non-compliance.

The city expects to gain about $80,000 annually by enforcing the law. The administrative citations would be a last resort, said Jennifer Thompson, revenue supervisor.
Last year, the city collected $120,000 in business tax and license revenue from residential rentals, so the enforcement could boost that as much as two-thirds.
That money goes into the general fund for city services such as police and fire protection and street maintenance.
City officials say they were surprised by the large number of homeowners who appear not to have a valid business tax certificate.
The review is part of a business license verification program that the city undertakes each year. The business licenses are divided into five categories — making it a five-year stretch between reviews.
“It was shocking to us,” city Finance Manager Debbie Malicoat said. “It is definitely a bigger issue than we originally anticipated.”
It is possible, Malicoat said, that property owners are unaware that the city requires the tax certificate because other cities do not. The ordinance has been in place in San Luis Obispo since 1991.
Rental property owners pay 50 cents for each $1,000 in gross receipts annually. Any gross rental income less than $50,000 is levied a standard $59 annual tax.
The purpose of the enforcement is to make sure business owners pay their equitable share of taxes, Malicoat said.
“We are doing what we can to ensure universal compliance,” Malicoat said. “This is not a new requirement.”
The letter is to be mailed Aug. 23, and recipients would have two weeks to comply before a second letter is issued.
There is a $68 application fee for the business tax certificate. Typically, the city also charges one year in retroactive fees for businesses that have operated without a valid business license and tax certificate.
However, the city is waiving the retroactive fees in order to gain as much compliance as possible, Malicoat said.
jerry green century 21 RealEstae
sanluisrealestate.com
san luis realestate

Freddie and Fannie

If you have watched the Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE), you know what has been going on. These are technically Federal National Mortgage Association (NYSE: FNM) and Federal Home Loan Mortgage Corp. (NYSE: FRE), but soon they are to disappear from the New York Stock Exchange and head over to the OTC Bulletin Board. This is not new, but a reality check is coming the way of the common stock and many of the preferred stock issues: Fannie and Freddie are worthless. These have avoided bankruptcy because of necessity and because of higher powers that be. Fannie and Freddie do not even constitute being considered call options. In some twisted sense, these will just be almost the equivalent of way out-of-the-money warrants with upside only if we return back to the days of carefree lending and even more greedy carefree borrowing.

CNBC reported that the bill for taxpayers is $145 billion, but that could be only a mere appetizer at an all you can eat buffet of misery from losses in Fannie Mae and Freddie Mac loans. The Congressional Budget Office has figures an amount of up to $400 billion.

The housing data so far has yet to show any real improvements. It turns out that the end of the home-buyer credit suddenly killed the demand. Yep, it was a temporary fake market bolstered by Uncle Sam’s incentives.

The government has these two GSEs in conservatorship. They should both be in receivership, but the U.S. government does not want these trillions of dollars at stake here to end up as direct obligations on the national balance sheet. Keeping these two companies alive keeps the red ink from bleeding directly on to Uncle Sam’s right-hand side of the ledger books.

By stabilizing these two (pieces of you know what) in conservatorship, Uncle Sam can honor some obligations down the road and keep others off the books. This form of takeover of Fannie Mae and Freddie Mac was one manner of keeping additional waves of losses from swooping through the banking system, foreign trading partner system, and the pension system.

The interesting notion is that these two will continue to operate as Freddie Mac and as Fannie Mae. For now. There are calls thrown out routinely to abolish these two agencies. The problem is that these obligations have to end up somewhere and there are real assets in the system in the form of mortgages outstanding with millions of borrowers who actually do manage each month to send in their P&I checks.

There are almost countless dollars of mortgage-backed securities, CMOs, and even CDOs still outstanding and still operating. Again, some in America still managed to keep paying their debt each month.

Alan Greenspan once said that these two should be collapsed (nationalized) and rolled into as many as five to ten entities and sold off to the public. It is a nice thought, but the balance sheet issue is impossible to get away from. The U.S. Treasury does not want these obligations on the books. Not even for a day. Because the U.S. still owns its own printing presses, unlike the troubled nations inside the E.U., the ultimate Triple-A rating is not really at stake. But the implied Triple-A ratings would disappear overnight to the investing world if Uncle Sam had to print money to back these two failed entities. In short, it is just cheaper the send money the way of these two government charities on an as-needed basis.

Once Fannie Mae and Freddie Mac leave the NYSE and end up on the OTC-BB, there is likely going to be a single trend. Lighter and lighter volume will be followed by lower and lower prices. Even many of the Fannie Mae and Freddie Mac direct debt-holders won’t likely be getting 100-cents on the dollar. It all depends on the debt obligation, how it was issued, and how the government treats the New-Co or the New-Cos that rise from these ashes.

CNBC threw around the notion that a $1 trillion price tag could come the way of Fannie and Freddie if we get another downward price wave in housing. They were right about another thing, or two things: taxpayers don’t want to foot the bill, and both entities are in need of a major overhaul.

The Case-Shiller 10-city index rose 0.7% in April compared with March, but the 20-city index rose by 0.8%. Unfortunately, if you adjust for those pesky seasonal factors, the 10-city index rose by only 0.3% and the 20-city index rose a mere 0.4%. The figures do look better versus a year ago.

As noted earlier and in prior reports, housing is just not showing a real recovery. Sure, things are less-bad. Things are not continuing to slide indefinitely into oblivion.

Have your tried selling a home or talking to a realtor about selling your home? Even in the few “good” local housing markets, let’s just say politely that the first thing that occurs is a reality check at the level of the seller. The realtors then also prep their clients for the second reality that price drops may be necessary if no real interest is seen in the first 30 or 45 days. What this all is leading up to is that the borrowing public is either upside down in their houses or they have to pay to get out from under a mortgage. At least that is the case for most who bought from 2005 to the present.

Mortgage rates are back near the lows our life, assuming you can qualify. Those who have ample liquidity and a solid credit background can write their own ticket for the house that they want to purchase. That hasn’t changed, although the difference this year compared to summer of 2008 or 2009 is that certain select markets with the right zip code and right area ate holding pat. The problem there is that Fannie Mae and Freddie Mac are not the lending conduits because those markets generally fall under the whole loan classification rather than the conforming loan category.

The first-time-borrower market that was able to get into housing in the last 9 months did get in under the conforming loan limits, so they were likely going through Fannie or Freddie. As long as there is no real crash, those newer pools of borrowers are likely much better credit scores than the millions of the 2005 to 2007 seasons of borrowers.

Our belief that these were worthless goes far before the calls last October. Once the government yanked the rug out from under the structure, that was it. That was still the case in February-2009 when systemic nationalization was being thrown around as a risk.

So, why does all of this translate to Fannie Mae and Freddie Mac being worth ZERO on the shares? Quite simply, the ZERO is a mathematical exaggeration. Once these go to the OTC-BB, they can literally trade down at $0.01 or $0.05 indefinitely. The real value will still be zero of course, but the implied upside for any price above zero comes with the notion that the economy could return or even that inflation comes back in a hurry. Ten percent inflation per year would be one short term cure for housing. It would be like treating a case of the flu with syphilis, but the argument can be made that a brief period of inflation would help IF it was short and containable.

After the U.S. finally decides what to do with these entities, then the real value of what is ultimately left will be known. That value will almost certainly be nothing for the common and preferred stockholders, but there will be value for the direct debt obligation holders. This does assume that contract law will still be honored.

Being involved in companies where the stocks de-list and go the way of the OTC-BB is rarely a win. In fact, many investors from retail to institutions are outright barred from investing in the OTC market. It is not just the common shares. All last week some of the “Most Down” were the numerous preferred shares of Fannie Mae and Freddie Mac which still trade on the NYSE. If you think trading will dry up in the common stocks, wait until you see most of the preferred share issues. There will be a myriad of five-ticker Fannie and Freddie stocks.

Is it 100% certain that Fannie and Freddie both disappear and that these both go to zero? No. It only looks about 95% certain that this will be the outcome. That being said, Fannie Mae and Freddie Mac common stock could continue trading or go to the Pink Sheets even if these get collapsed into a single entity. Enron, GM, Adelphia, and many others have traded as Pink Sheet stocks long after they are gone. At that point the shares become long-term warrants on any future lawsuit proceeds.

And what would be a good name for the collapsed entity? Trannie Mae sounds about right. Not many would want to own that name.

There is one caveat here. Shareholders could fight a delisting and delay that event if successful. Fannie Mae shares went from $0.92 to $0.56 the day the announcement was made. The shares it at $0.35 today. Freddie Mac was above the $1.00 mark at the time, and those shares are now at $0.40. The big difference there is that any block would only be temporary. Ultimately there is still probably a 95% chance that the hangman wins out here.

29 New Listings in SLO county 6/29/10

Listings as of 06/29/10 at 10:43am
Property Type: Residential
Listing # DOM/CDOM Listing Price Price / SqFt Address Beds Pool Area City & ZIP
Status Type Selling Price SP % LP Listing Office Baths Garage Spa Lot Sz Approx SqFt
167290 1/1 399,000 249.38 315 Creek View 3 10 Arroyo Grande 93420
Active 06/28/10 SFRS Keller Williams Real 4 (2 1 0 1) 2 1993 1600
167291 1/1 450,900 204.77 2769 Brisa Blanda Dr 4 10 Arroyo Grande 93420-5505
Active 06/28/10 SFRS Century 21 Advantage 3 (3 0 0 0) 2 0.163 2202
167283 1/1 375,000 230.06 4455 Sycamore Rd 3 23 Atascadero 93422-3561
Active 06/28/10 SFRS Santa Lucia Properti 2 (1 1 0 0) 2 0.459 1630
167288 1/1 573,000 293.85 8900 San Gregorio Rd 3 23 Atascadero 93422-1205
Active 06/28/10 SFRS Re/Max Parkside Real 2 (2 0 0 0) 2 1.860 1950
167285 1/1 725,000 846.96 6338 Webster Rd 2 29 Creston 93432-9612
Active 06/28/10 SFRS Coldwell Banker Prem 1 (1 0 0 0) 2 0.344 856
167287 1/1 259,500 293.88 119 Lynne St 2 9 Grover Beach 93433-3208
Active 06/28/10 SFRS Osty Realty 1 (1 0 0 0) 2 0.098 883
167295 1/1 125,000 123.40 136 Masatani Ct 3 33 Guadalupe 93434-1770
Active 06/28/10 SFRS CRI, Inc. 2 (1 0 1 0) 1 0.100 1013
167278 1/1 68,500 112.66 1701 Los Osos Valley Rd #2 1 5 Los Osos 93402
Active 06/28/10 MHIP Prudential Hunter Re 1 (1 0 0 0) 608
167296 1/1 79,000 1701 Los Osos Valley Rd #30 1 5 Los Osos 93402
Active 06/28/10 MHIP Hanos Real Estate 1 (1 0 0 0)
167298 1/1 395,000 342.88 481 Mindoro St 2 4 Morro Bay 93442-1324
Active 06/28/10 SFRS Franklin Real Estate 2 (1 0 1 0) 0.055 1152
167269 1/1 574,900 308.42 411 Kodiak St 3 4 Morro Bay 93442-1315
Active 06/28/10 SFRS Re/Max Del Oro 3 (1 1 1 0) 2 0.055 1864
167260 1/1 599,000 402.82 995 Napa Ave 2 4 Morro Bay 93442-1923
Active 06/28/10 SFRS Franklin Real Estate 2 (1 1 0 0) 2 0.169 1487
167284 1/152 399,500 273.07 637 Riviera Cir 3 12 Nipomo 93444-9598
Active 06/28/10 SFRS Century 21 Hometown 2 (2 0 0 0) 2 0.115 1463
167297 2/2 235,000 313.33 653 Mendel Dr 2 11 Oceano 93445-9613
Active 06/27/10 PRUD Auer Real Estate 1 (1 0 0 0) 1 0.017 750
167271 1/1 415,900 210.05 1139 Orinda Way 3 99 Out Of Area 93901-1082
Active 06/28/10 SFRS Oak Shores Realty 2 (2 0 0 0) 2 0.230 1980
167275 1/1 425,000 274.19 43232 Sunset Dr 3 99 Three Rivers 93271
Active 06/28/10 SFRS Sherman & Associates 2 (2 0 0 0) 1550
167279 1/1 550,000 554.44 130 Pier Ave 3 8 Pismo Beach 93449-2036
Active 06/28/10 SFRS Keller Williams Real 1 (1 0 0 0) 1 992
167303 0/0 599,000 338.61 2656 Barcelona 2 8 Pismo Beach 93449-3312
Active 06/29/10 SFRS Coldwell Banker Prem 3 (2 0 1 0) 2 0.069 1769
167294 1/223 294,900 183.17 910 Torrey Pines Dr 3 34 Paso Robles 93446-4812
Active 06/28/10 SFRS Prudential Californi 2 (2 0 0 0) 2 0.138 1610

Presented By: Jerry Green Lic: 01424840 / Century 21 Hometown Realty Phone: 805-541-1921 x130 Lic: 1071563
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.
Two Line Report

Listings as of 06/29/10 at 10:43am
Property Type: Residential
Listing # DOM/CDOM Listing Price Price / SqFt Address Beds Pool Area City & ZIP
Status Type Selling Price SP % LP Listing Office Baths Garage Spa Lot Sz Approx SqFt
167304 0/0 369,900 194.99 1695 Moon Valley Way 4 37 Paso Robles 93446-9374
Active 06/29/10 SFRS Merrill & Associates 3 (2 0 1 0) 2 2.000 1897
167292 1/1 269,000 233.51 502 Drake Dr 3 18 Santa Maria-Orcutt 93455-2342
Active 06/28/10 SFRS Keller Williams Real 2 (2 0 0 0) 2 0.200 1152
167299 1/1 370,000 238.25 92 Victory Dr 4 38 Buellton 93427-9530
Active 06/28/10 SFRS Prudential Californi 2 (2 0 0 0) 2 0.110 1553
167267 3/3 929,000 309.67 1221 Hager Lane 3 38 Buellton 93427-9484
Active 06/26/10 SFRS Village Properties 3 (3 0 0 0) 3 1.100 3000
167274 1/1 1,375,000 527.63 3009 Woodstock Rd 4 38 Santa Ynez 93460-9525
Active 06/28/10 SFRS Sotheby's Internatio 3 (2 0 1 0) 2 5.500 2606
167308 0/0 1,495,000 3209 Baseline Ave 3 38 Santa Ynez 93460-9745
Active 06/29/10 SFRS Sotheby's Internatio 3 (2 0 1 0) 2 8.900
167302 0/0 145,000 143.85 1655 Oxford Ave 3 14 Santa Maria-Orcutt 93454-1563
Active 06/29/10 SFRS Keller Williams Real 2 (2 0 0 0) 2 0.140 1008
167282 1/1 200,000 150.38 503 E Taft St 4 14 Santa Maria-Orcutt 93454-1436
Active 06/28/10 SFRS CRI, Inc. 2 (2 0 0 0) 2 0.160 1330
167293 1/1 244,900 141.97 913 E Mcelhany Ave 5 14 Santa Maria-Orcutt 93454-2418
Active 06/28/10 SFRS Prudential Calif/San 3 (2 0 1 0) 0.140 1725
167273 1/1 309,500 154.52 1935 Melanie Ct 4 14 Santa Maria-Orcutt 93454-5511
Active 06/28/10 SFRS Keller Williams Real 3 (2 0 1 0) 3 0.140 2003
167266 14/14 1,185,000 281.67 4455 E Highway 41 4 24 Templeton 93465-8489
Active 06/15/10 SFRS Re/Max Parkside Real 5 (3 0 2 0) 2 16.850 4207
167277 59/59 524,000 214.67 471 Arden Ave 4 38 Buellton 93427-6804
Contingent SSale 06/03/10 SFRS Coldwell Banker 3 (2 0 1 0) 2 0.210 2441
167276 1/1 515,000 257.50 248 Riverview Dr 4 38 Buellton 93427-9319
Pending 06/15/10 SFRS M.Timm Development 3 (3 0 0 0) 2 0.165 2000

Presented By: Jerry Green Lic: 01424840 / Century 21 Hometown Realty Phone: 805-541-1921 x130 Lic: 1071563
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.
Two Line Report

Listings as of 06/29/10 at 10:43am
Property Type: Lots and Land
Listing # DOM/CDOM Listing Price Price / Acre Address Area City & ZIP
Status Type Selling Price SP % LP Listing Office Lot Sz Acres
167280 2/2 85,000 1,164,383.56 Gilbert Ave 3 Cayucos 93430
Active 06/27/10 SFAM Keller Williams Real 3200 0.073
167272 1/1 579,500 541,588.79 2801 Kara 38 Solvang 93463
Active 06/28/10 SFAM Keller Williams Real 1.070 1.070

Presented By: Jerry Green Lic: 01424840 / Century 21 Hometown Realty Phone: 805-541-1921 x130 Lic: 1071563
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.
Two Line Report

Listings as of 06/29/10 at 10:43am
Property Type: Comm/Ind/BusOp-Sale
Listing # DOM/CDOM Listing Price Price / SqFt Address Area City & ZIP
Status Type Selling Price SP % LP Listing Office Lot Sz Approx SqFt
167306 0/0 450,000 171.49 319 Main 17 Santa Maria-Orcutt 93454
Active 06/29/10 OFFI Anderson Commercial 2624 2624

Charting the Housing Collapse

Prices are down more than 50 percent in Las Vegas and Phoenix and between 40 and 50 percent in Miami, Tampa, and Detroit. Dallas suffered only a 5 percent decline, while prices in Denver dropped by just 7 percent over the cycle. Prices are off by 13 percent in Boston, 21 percent in New York, and 28 percent in Washington, D.C. That said, it's also clear that the distribution of these losses has been quite uneven within regions with established neighborhoods close to the core holding much better than remote suburbs and exurbs.

Most experts expect housing prices to decline further as federal supports are withdrawn. Recall it took the better part of two and half decades for housing prices to rebound after the Great Depression. My own hunch is that there is still quite a ways to go, especially in over-built regions like Las Vegas, Phoenix, and Miami. But even in these places, more central locations are likely to hold up better. Price declines in the walkable areas of South Beach for example, while considerable, have been significantly less than in downtown Miami or less central and walkable areas. In particular, walkability and neighborhood quality seem to be emerging as the best hedge against massive housing price declines. All of that said, I'd still advocate renting, or at least a wait-and-see approach to buying, while the market remains in such flux.

Market Watch 23 Price Reductions 6/21/10

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 03/17/10 Listing # 163839 727 Halcyon Rd #6 Arroyo Grande, CA 93420 Listing Price: $69,900
County: San Luis Obispo Cross St: The Pike Map: 714, H6

Property Type Residential Property Subtype MH In A Park
Area Arroyo Grande Sub-area Arroyo Grande
Beds 2 Approx SqFt 1368 Other
Baths(FTHQ) 2 (1 1 0 0) Price/Sq Ft $51.10
Garage Spaces 0
Year Built 1970 Lot Sq Ft(approx) 3006 ((Seller))
APN UNDER CONSTRUCTION OR MOBILE HM PARK
DOM/CDOM 96/96 Lot Acres (approx) 0.069
Additional Pictures
Monthly Space Rent 550.00
Directions South on Halcyon Rd, left into Halcyon Estates. #6 on the right.
Public Remark Large, older mobile home in small all age park. Low space rent, and views of hills and valley.

Active 05/27/10 Listing # 166247 1002 Robin Cir Arroyo Grande, CA 93420-1322 Listing Price: $639,500
County: San Luis Obispo Cross St: Meadow Lark off Oak Map: 714, G2

Property Type Residential Property Subtype SFR Stick Built
Area Arroyo Grande Sub-area Arroyo Grande
Beds 3 Approx SqFt 2349 Tax Records
Baths(FTHQ) 3 (2 0 0 1) Price/Sq Ft $272.24
Garage Spaces 3
Year Built 1987
APN 007-773-008
DOM/CDOM 25/25 Lot Acres (approx)
Additional Pictures
Monthly Space Rent 0.00
Directions Past James Way on Oak Pk. Rt.turn on Meadow Lark. Drive down to stop sign and make a right on Robin Circle.
Public Remark Lovely Family Home on the Greenbelt, East of Arroyo Grande.3 Large Bedrms., plus Den or Office. 2+ 1/4 Baths.Separate detached garage or workshop. Open living room & dining area that looks out onto Deck & Greenbelt.Kitchen opens to cozy den area w/fireplace.Enclosed patio, great for art,craft,or play rm.Office or den off of living rm.Wonderful deck area for BBQ's & family gatherings.Separate 3RD garage or workshop.New stove & microwave.Corian countertops in kitchen.New carpet family&office area.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 05/10/08 Listing # 142965 7655 Bella Vista Dr Atascadero, CA 93422 Listing Price: $899,000
County: San Luis Obispo Cross St: san marcos Map: 573, G3

Property Type Residential Property Subtype SFR Stick Built
Area Atascadero Sub-area ATNorthwest
Beds 4 Approx SqFt 3097 Tax Records
Baths(FTHQ) 5 (2 2 1 0) Price/Sq Ft $290.28
Garage Spaces 2
Year Built 2003 Lot Sq Ft(approx) 98881 ((Tax Records))
APN 031-321-017
DOM/CDOM 743/743 Lot Acres (approx) 2.270
Additional Pictures
Monthly Space Rent 0.00
Directions West on Highway 41, right on Portola, left on San Marcos, and left on Bella Vista.
Public Remark Designed by award winning architect. One of a kind home has won 4 awards. Nestled between two grand oaks sitting on 2.26 acres. top of the line appliances. Incredible views 60ft of floor to ceiling glass. Two master suites. Concrete floors, custom builtins, travertine counters. Extensive decking and outdoor entertainment patios. Private retreat.

Active 01/28/10 Listing # 162115 3160 Lupine Canyon Rd Avila Beach, CA 93424 Listing Price: $1,150,000
County: San Luis Obispo Cross St: San Luis Bay Drive Map: 693, B3

Property Type Residential Property Subtype SFR Stick Built
Area Avila Beach Sub-area Avila Beach
Beds 4 Approx SqFt 3123 Seller
Baths(FTHQ) 3 (3 0 0 0) Price/Sq Ft $368.24
Garage Spaces 3
Year Built 2005 Lot Sq Ft(approx) 8756 ((Seller))
APN 076-180-065
DOM/CDOM 144/144 Lot Acres (approx) 0.201
Additional Pictures
Monthly Space Rent 0.00
Directions Enter Avila Bay Gate and turn Left. Follow road all the way up. Road will head downhill, and the house is 2nd on the right.
Public Remark Amazing custom Old World Style home with attention to every detail! Builder's own home. Hand planed Hickory Floors,Granite counter tops, solid 8'Knotty Alder doors, Open Beams, Iron & Glass entry door,Wine cellar w/future elevator framed in,Slate coverd patio w/ custon iron rails, just to mention a few details. Located inside the gates of Avila Bay Estates. Beautiful views of the Golf course. Quiet setting. Enjoy the Avila lifestyle! Backs to open space.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 05/22/10 Listing # 166118 2118 Cowper St Cambria, CA 93428-5108 Listing Price: $285,000
County: San Luis Obispo Cross St: Haddon Map: 548, G1

Property Type Residential Property Subtype SFR Stick Built
Area Cambria/San Simeon Sub-area Lodge Hill
Beds 2 Approx SqFt 956 Tax Records
Baths(FTHQ) 2 (1 0 1 0) Price/Sq Ft $298.12
Garage Spaces 0
Year Built Unknown Lot Sq Ft(approx) 3485 ((Tax Records))
APN 023-402-021
DOM/CDOM 30/30 Lot Acres (approx) 0.080
Additional Pictures
Monthly Space Rent 0.00
Directions Ardath toward ocean, left on Cowper. 3rd house on left.
Public Remark Very clean, cute home. Four lots behind are not on water list. Double lot next door, #300+ water list. Home very well kept and charming as can be. Warm with cozy fireplace, french doors to sunny back deck. Light and bright, nicely private once inside. Seller has taken very good care of home. From rear entrance, you can have one step become a ramp to eliminate stairs. Wildlife abounds.

Active 03/23/10 Listing # 164050 1903 Green St Cambria, CA 93428-5301 Listing Price: $495,000
County: San Luis Obispo Cross St: Ardath Map: 548, H2

Property Type Residential Property Subtype SFR Stick Built
Area Cambria/San Simeon Sub-area Cambria Rural
Beds 3 Approx SqFt 1720 Tax Records
Baths(FTHQ) 3 (1 1 1 0) Price/Sq Ft $287.79
Garage Spaces 2
Year Built 1972 Lot Sq Ft(approx) 10000 ((Other))
APN 024-191-051
DOM/CDOM 90/90 Lot Acres (approx) 0.230
Additional Pictures
Monthly Space Rent 0.00
Directions Cabrillo Hwy 1 north - Take left on Ardath (first light)- Then first left on Green St - Go just past horses to first and only house on left.
Public Remark Rare, rural gem of a property. Not offered for over 30 years. This one-level home + basement on approx 10,000 sq ft of land is surrounded on 3 sides by a 450 acre ranch. Spectacular views from many rooms. All new carpet & paint in/out. Lots of sun!! There's a shed, a water tank and space for gardens. Great floor plan with two beds / two baths plus bonus guest quarters in basement of 1 bed / 1 bath and sep entry. Newer dual-glaze windows,roof. Dbl garage. A happy home awaits you for a new start!

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 06/17/10 Listing # 167049 750 Main Los Alamos, CA 93440 Listing Price: $359,000
County: Santa Barbara Cross St: Bell Map: 878, H2

Property Type Residential Property Subtype SFR Stick Built
Area Los Alamos Sub-area Los Alamos
Beds 3 Approx SqFt 1804 Other
Baths(FTHQ) 3 (3 0 0 0) Price/Sq Ft $199.00
Garage Spaces 2
Year Built 1978 Lot Sq Ft(approx) 23087 ((Tax Records))
APN 101-260-039
DOM/CDOM 4/4 Lot Acres (approx) 0.530
Additional Pictures
Monthly Space Rent 0.00
Directions Off Hwy 101, go straight through the stop sign [but stop first] and left into the private driveway at the PRU sign. Property is at the end on the right.
Public Remark Amazing opportunity to own this Los Alamos home on 1/2 acre with a gorgeous lap pool, in-ground spa and beautiful gardens. The rear yard is amazing, gardener has been tending to the lawns, flowers and trees. The culdesac lot has plenty of parking for vehicles and RV with a gated driveway. Budget for some paint and carpet, appliances and your personal touches to the interior. Located at the end of a private drive; easy freeway access and short commute to Santa Barbara, VAFB or Santa Maria.

Active 04/06/09 Listing # 154268 1250 Calle Cordoniz Rd Los Osos, CA 93402 Listing Price: $925,000
County: San Luis Obispo Cross St: Covey Map: 651, J1

Property Type Residential Property Subtype SFR Stick Built
Area Los Osos Sub-area Bayview Heights
Beds 3 Approx SqFt 2986 Seller
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $309.78
Garage Spaces 2
Year Built Unknown Lot Sq Ft(approx) 32670 ((Seller))
APN 074-023-010
DOM/CDOM 409/409 Lot Acres (approx) 0.750
Additional Pictures See Virtual Tour
Monthly Space Rent 0.00
Directions From Los Osos Valley Road turn on Bayview Heights Drive (at the light)drive up around the bend, turn right on Covey Lane and left on Calle Cordoniz. Home is on your right.
Public Remark Huge Price Reduction,Seller Motivated! Private Coastal Retreat with majestic, valley, mountain, bay & rock views! This home is absolutely stunning, renovated from top to bottom. Almost every window captures the natural beauty of thousands of acres of green land with roaming trails to Montana De Oro State Park & beach. 3 fabulous viewing decks, sep. studio w/storage, patio w/spa, private fenced yard, huge parking area & work shop. Private & secluded, yet minutes to town. Truly One of a Kind!

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 05/25/10 Listing # 166217 421 Avalon St Morro Bay, CA 93442-1664 Listing Price: $399,000
County: San Luis Obispo Cross St: Main Street Map: 611, F3

Property Type Residential Property Subtype SFR Stick Built
Area Morro Bay Sub-area Morro del Mar
Beds 3 Approx SqFt 1848 Tax Records
Baths(FTHQ) 2 (2 0 0 0) Price/Sq Ft $215.91
Garage Spaces 0
Year Built 1973
APN 068-263-056
DOM/CDOM 27/27 Lot Acres (approx)
Additional Pictures
Monthly Space Rent 0.00
Directions Exit 41 east, North on Main st., East on Avalon, house is on left hand side.
Public Remark Enjoy beach living from the expansive upper level deck of this Morro Bay home with two separate living quarters. Two bedrooms, one bath with kitchen upstairs. One bedroom, one bath with kitchen downstairs. Both have separate entrances.

Active 04/07/10 Listing # 164601 7840 Cougar Ridge Way Nipomo, CA 93444-9561 Listing Price: $645,000
County: San Luis Obispo Cross St: Suey Creek Map: 737, B4

Property Type Residential Property Subtype SFR Stick Built
Area Nipomo Sub-area Nipomo
Beds 2 Approx SqFt 2386 Appraiser
Baths(FTHQ) 2 (1 1 0 0) Price/Sq Ft $270.33
Garage Spaces 3
Year Built 1979 Lot Sq Ft(approx) 1742400 ((Tax Records))
APN 048-151-043
DOM/CDOM 75/75 Lot Acres (approx) 40.000
Additional Pictures
Monthly Space Rent 0.00
Directions Hwy 166 4.6 miles from Hwy 101; left on Suey Creek 4.8 mi; left on Wildflower Road (at mail boxes) .4 mi; right (to Temettate Rd.) .7 mi; right (to Cougar Ridge) .6 mi; right .3 mi then left up drive
Public Remark Incredible panoramic views from this hilltop retreat. Vaulted wood beamed ceilings in this split level home. Wood decks, bar in family room, fireplace in living room plus two wood burning stoves. Large workshop and circular drive. Three large horse pastures all plumbed for water. Seasonal creek and pond.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 01/10/10 Listing # 161622 2971 Wildhaven Cir Santa Maria-Orcutt, CA 93454-9625 Listing Price: $699,000
County: Santa Barbara Cross St: Cambridge Way Map: 797, C7

Property Type Residential Property Subtype SFR Stick Built
Area Orcutt Southeast Sub-area Orcutt Southeast
Beds 2 Approx SqFt 1500 Other
Baths(FTHQ) 2 (0 2 0 0) Price/Sq Ft $466.00
Garage Spaces 2
Year Built Unknown Lot Sq Ft(approx) 480467 ((Tax Records))
APN 129-240-032
DOM/CDOM 162/162 Lot Acres (approx) 11.030
Additional Pictures
Monthly Space Rent 0.00
Directions From 101, take Betteravia east to Telephone, go right. Go up to East Valley Farms (Cambridge Way) go right. Property is on the corner of Wildhaven and Cambridge. Intara Arabians.
Public Remark 11 acre horse facility with lots of potential located in East Valley Farms off of Telephone Road. Fenced and crossed fenced, 18 stall Port-a-stall barn. Manager quarters with one bed/bath and loft. Barn includes laundry, wash rack, etc. Equipment barn for hay or tractor storage. Main house is two bedroom w/two baths. Satillo tile floors, granite slab counters, stainless steel appliances, fireplace and large patio off the back. Endless possibilities & opportunities here!

Active 03/10/10 Listing # 163916 4585 Brighton Pl Santa Maria-Orcutt, CA 93455-4252 Listing Price: $414,300
County: Santa Barbara Cross St: Foxenwood Drive Map: 816, G5

Property Type Residential Property Subtype SFR Stick Built
Area Orcutt Southwest Sub-area Orcutt Southwest
Beds 4 Approx SqFt 2650 Tax Records
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $156.34
Garage Spaces 3
Year Built 1972 Lot Sq Ft(approx) 13068 ((Tax Records))
APN 105-160-034
DOM/CDOM 103/103 Lot Acres (approx) 0.300
Additional Pictures
Monthly Space Rent 0.00
Directions Broadway south, Foster road west. Foxenwood Lane south, Foxenwood drive west, Brighton south, property is at end of cul-de-sac.
Public Remark Spacious 4 bedroom 2.5 bath home, features updated kitchen with maple cabinets, tile coutnertops and lamiante flooring in kitchen and familyroom areas. Two fireplaces, large back yard features inground pool and spa.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 04/06/10 Listing # 164581 1837 Tularosa Rd Lompoc, CA 93436-9643 Listing Price: $925,000
County: Santa Barbara Cross St: Hwy 246 Map: 919, C4

Property Type Residential Property Subtype SFR Stick Built
Area Out of Area Sub-area Out of Area
Beds 4 Approx SqFt 3358 Tax Records
Baths(FTHQ) 3 (3 0 0 0) Price/Sq Ft $275.46
Garage Spaces 3
Year Built 1987 Lot Sq Ft(approx) 210395 ((Tax Records))
APN 099-440-004
DOM/CDOM 76/249 Lot Acres (approx) 4.830
Additional Pictures See Virtual Tour
Monthly Space Rent 0.00
Directions Between Buellton and Lompoc turn North on Tularosa, house is on the left.
Public Remark Don't miss this secluded 4 bedroom, 3 bath, large 3 car garage home with views of the La Purisima Golf Course from your private deck or inside the home through large picture windows. This almost 5 acre lot is covered with large oak trees. Will consider partial trade.

Active 02/23/10 Listing # 163064 230 Coral Ct Pismo Beach, CA 93449-2804 Listing Price: $675,000
County: San Luis Obispo Cross St: Highland Map: 714, D2

Property Type Residential Property Subtype SFR Stick Built
Area Pismo Beach Sub-area Pismo Beach
Beds 3 Approx SqFt 2312 Other
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $291.96
Garage Spaces 2
Year Built 1981 Lot Sq Ft(approx) 10200 ((Tax Records))
APN 005-381-023
DOM/CDOM 118/118 Lot Acres (approx) 0.234
Additional Pictures See Virtual Tour
Monthly Space Rent 0.00
Directions James Way to Highland Drive first left to Coral Court
Public Remark Fabulous ocean view home on a huge lot (10,200). Light and airy floor plan. Good size kitchen with breakfast room over looking deck and rear yard. Large dining room also over looking deck and yard. Features also include a family room, upstairs deck partially enclosed now being used as an office. The rear yard is divine, lushly landscaped, very tranquil. Room for 2 RV's on side of house. New roof installed in 2000. Heating system upgraded in 2001.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 03/01/10 Listing # 163282 234 Fairview Paso Robles, CA 93446-1127 Listing Price: $345,000
County: San Luis Obispo Cross St: Vine Map: 513, E3

Property Type Residential Property Subtype SFR Stick Built
Area PR Inside City Limit Sub-area PR City Limits West
Beds 4 Approx SqFt 1848 Tax Records
Baths(FTHQ) 2 (1 1 0 0) Price/Sq Ft $186.69
Garage Spaces 2
Year Built 1961 Lot Sq Ft(approx) 23914 ((Other))
APN 008-361-011
DOM/CDOM 112/282 Lot Acres (approx) 0.549
Additional Pictures
Monthly Space Rent 0.00
Public Remark Large 4bdrm, 2 bath home on the Westside of Paso Robles. Private and park like setting on a large 23,000+sqft lot. Interior features an indoor BBQ, beautiful wood floors, large/open family room, tile countertops in bathrooms, 3 bedrooms have built in drawers and shelves. Exterior features a large enclosed patio, pine trees, fenced rear yard.

Active 05/25/10 Listing # 167048 2487 Starling Dr Paso Robles, CA 93446-4703 Listing Price: $424,900
County: San Luis Obispo Cross St: Meadowlark Map: 534, A2

Property Type Residential Property Subtype SFR Stick Built
Area PR Inside City Limit Sub-area PR City Limits East
Beds 4 Approx SqFt 2110 Tax Records
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $201.37
Garage Spaces 3
Year Built 2003 Lot Sq Ft(approx) 44867 ((Tax Records))
APN 009-759-058
DOM/CDOM 27/27 Lot Acres (approx) 1.030
Additional Pictures
Monthly Space Rent 0.00
Directions Creston Rd. to Meadowlark, Left on Starling, property on left, down the long driveway.
Public Remark Not a Short-Sale or Foreclosure. Nice home in great location - 4 bedrooms, 2.5 baths, 3 car garage, situated on over an ACRE providing great privacy. Stamped & stained patio. Priced below recent appraisal.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 05/12/10 Listing # 165842 8175 Plane View Pl Paso Robles, CA 93446-6305 Listing Price: $339,000
County: San Luis Obispo Cross St: Compere Map: 325, D6

Property Type Residential Property Subtype SFR Stick Built
Area PR North 46-East 101 Sub-area PR Rural East
Beds 3 Approx SqFt 1477 Tax Records
Baths(FTHQ) 2 (2 0 0 0) Price/Sq Ft $229.52
Garage Spaces 2
Year Built 2007 Lot Sq Ft(approx) 43560 ((Tax Records))
APN 015-181-007
DOM/CDOM 40/40 Lot Acres (approx) 1.000
Additional Pictures
Monthly Space Rent 0.00
Directions Highway 46 East, turn right on Union Road (Tobin James Winery), head west towards town. Turn right on Compere, left on Plane View, property will be on right side.
Public Remark Paso Robles Country Living. Enjoy the country life just minutes from town. Located on an acre of land with a charming 3 bedroom, 2 bath home built in 2007. Nicely maintained with granite counters in the kitchen, tumbled stone counters in the bathrooms. Kitchen features stainless steel appliances, large pantry, alder cabinets and travertine tile floors. Indoor laundry with large soaking sink. Property offers many possibilities for everyone!

Active 11/03/09 Listing # 160015 2460 Sand Harbor Ct Paso Robles, CA 93446-7758 Listing Price: $370,000
County: San Luis Obispo Cross St: Heritage Loop Rd Map: 324, C3

Property Type Residential Property Subtype SFR Stick Built
Area PR North 46-West 101 Sub-area PR Lake Nacimiento
Beds 4 Approx SqFt 2774 Seller
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $133.38
Garage Spaces 2
Year Built 2009 Lot Sq Ft(approx) 10259 ((Seller))
APN 012-194-007
DOM/CDOM 230/230 Lot Acres (approx) 0.236
Additional Pictures
Monthly Space Rent 0.00
Directions 24th st to Slight right onto Nacimiento Lake Dr/Paso Robles Rd. Right at Godfrey Rd/Nacimiento Lake Dr. Turn left at Heritage Loop Rd. Once there worker at the booth will give a map to the property.
Public Remark Lovely new 2 story 4bd 2ba in Heritage Oaks. Valted ceilings, tile contertops and Den/Office area. Home is still under construction.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 03/14/10 Listing # 163728 1106 Oceanaire Dr #20 San Luis Obispo, CA 93405 Listing Price: $369,000
County: San Luis Obispo Cross St: Los Osos Valley R. Map: 653, F7

Property Type Residential Property Subtype Condo
Area San Luis Obispo Sub-area San Luis Obispo
Beds 2 Approx SqFt 1369 Other
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $269.54
Garage Spaces 1
Year Built 1982
APN 004-311-033
DOM/CDOM 99/99 Lot Acres (approx)
Additional Pictures
Monthly Space Rent 0.00
Directions Los Osos Valley Rd. to Oceanaire, entrance into complex from Oceanaire.
Public Remark Charming Windermere condo, bright with high ceilings, beautiful cozy fireplace. 2 bedrooms, 2.5 baths, enclosed sunroom, private dining room, secluded and fenced patio,ANOTHER PRICE REDUCTION. SELLER IS MOTIVATED, MAY HELP WITH BUYER'S COSTS. MUST SEE THIS LOVELY HOME.

Active 04/27/10 Listing # 165306 1234 Stafford St San Luis Obispo, CA 93405-1917 Listing Price: $499,900
County: San Luis Obispo Cross St: California Map: 654, A2

Property Type Residential Property Subtype PUD
Area San Luis Obispo Sub-area San Luis Obispo
Beds 1 Approx SqFt 1163 Tax Records
Baths(FTHQ) 2 (1 0 1 0) Price/Sq Ft $429.84
Garage Spaces 2
Year Built 2007 Lot Sq Ft(approx) 2439 ((Tax Records))
APN 052-202-035
DOM/CDOM 55/55 Lot Acres (approx) 0.056
Additional Pictures
Monthly Space Rent 0.00
Directions East on Stafford off of California.
Public Remark Located very near to Cal Poly! Newer home with many upgrades. Upgraded stainless steel appliances, custom cabinets, granite countertops. Tankless hot water heater with circulator. Interior sprinklers. Rooms are good size. Three students live there comfortably.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 03/01/10 Listing # 163914 3985 Chatham Way Santa Maria-Orcutt, CA 93455 Listing Price: $59,900
County: Santa Barbara Cross St: Glenridge Ln Map: 817, A2

Property Type Residential Property Subtype MH In A Park
Area Santa Maria/Orcutt Sub-area Orcutt Northeast
Beds 2 Approx SqFt 1440 Seller
Baths(FTHQ) 2 (2 0 0 0) Price/Sq Ft $41.60
Garage Spaces 0
Year Built 1981 Lot Sq Ft(approx) 3000 ((Other))
APN 607-150-79
DOM/CDOM 112/112 Lot Acres (approx) 0.069

Monthly Space Rent 696.00
Directions South Bradley rd.to Knollwood Village, Turn right on Cherry hill, left on Glenridge Ln. one block.
Public Remark Beautiful Knollwood Vilage Sr. Park. Great floor plan, Master bedroom and guest bedroom on opposite end of home.2full baths,attached garage. Corner lot over looking green belt of the clubhouse with all the amenities of easy living. A MUST SEE!! Submit all offers.

Active 04/29/09 Listing # 155458 4050 W Oak Trail Santa Ynez, CA 93460 Listing Price: $3,169,000
County: Santa Barbara Cross St: Calzada Map: 901, C3

Property Type Residential Property Subtype SFR Stick Built
Area Santa Ynez Valley Sub-area Oak Trail Ranch
Beds 3 Approx SqFt 2876 Other
Baths(FTHQ) 3 (2 0 1 0) Price/Sq Ft $1,101.88
Garage Spaces 0
Year Built 1969 Lot Sq Ft(approx) 873814 ((Tax Records))
APN 133-180-048
DOM/CDOM 416/416 Lot Acres (approx) 20.060
Additional Pictures See Virtual Tour
Monthly Space Rent 0.00
Directions Calzada to W. Oak Trail security gate.
Public Remark Blue Belle Ranch features Hacienda style, custom home in a secret valley of mature oaks. Ultra contemporary interior, no fuss or muss, move-in ready, possibly turn key, w/ two bedroom wings, private dressing & bathing areas, two fireplaces, an interior courtyard for entertaining & views of the serene setting. A guest cottage, yoga/wine room, & horse facilities are included in the amenities. A must see for sophisticates seeking peace and luxury as their reward for success.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 05/16/10 Listing # 165951 1923 Trinity Dr Santa Maria-Orcutt, CA 93458-8384 Listing Price: $256,000
County: Santa Barbara Cross St: Carmen Lane Map: 774, E5

Property Type Residential Property Subtype SFR Stick Built
Area SM Northwest Sub-area SM Northwest
Beds 3 Approx SqFt 1690 Tax Records
Baths(FTHQ) 2 (2 0 0 0) Price/Sq Ft $151.48
Garage Spaces 2
Year Built 2002 Lot Sq Ft(approx) 8276 ((Tax Records))
APN 117-900-042
DOM/CDOM 36/36 Lot Acres (approx) 0.190
Additional Pictures
Monthly Space Rent 0.00
Directions Blosser to Carmen Lane, right on Trinity.
Public Remark Great home on large corner lot, ample parking around home. Master bedroom is upstairs, 2 other bedrooms downstairs. Tile in living room, dining and kitchen, nice appliances.

Active 06/09/10 Listing # 166679 1821 Conchita Ave Santa Maria-Orcutt, CA 93458-8341 Listing Price: $342,900
County: Santa Barbara Cross St: Bethel Map: 796, E4

Property Type Residential Property Subtype SFR Stick Built
Area SM Southwest Sub-area SM Southwest
Beds 3 Approx SqFt 2361 Tax Records
Baths(FTHQ) 3 (3 0 0 0) Price/Sq Ft $145.24
Garage Spaces 2
Year Built 2002 Lot Sq Ft(approx) 8276 ((Tax Records))
APN 117-870-071
DOM/CDOM 12/12 Lot Acres (approx) 0.190
Additional Pictures
Monthly Space Rent 0.00
Directions West Gate Community... Off Blosser , go West on Battles and left on West Gate St, then Right on Bethel to corner of Conchita St. :)
Public Remark REGULAR SALE! Beautiful West Gate Community Home.. Great corner lot with RV parking. Tile flooring in entry and kitchen. Home is in immaculate condition. High-lighting trim on outside freshly painted on outside of home. Great custom patio to relax under. A must see to appreciate even more..

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 04/20/10 Listing # 164766 6750 El Pomar Dr Templeton, CA 93465 Listing Price: $979,000
County: San Luis Obispo Cross St: South El Pomar Map: 325, C7

Property Type Residential Property Subtype SFR Stick Built
Area Templeton Sub-area TempEast
Beds 2 Approx SqFt 1100 Seller
Baths(FTHQ) 1 (1 0 0 0) Price/Sq Ft $890.00
Garage Spaces 0
Year Built Unknown Lot Sq Ft(approx) 1742400 ((Tax Records))
APN 000-000-000
DOM/CDOM 62/62 Lot Acres (approx) 40.000
Additional Pictures
Monthly Space Rent 0.00
Public Remark Prime Vineyard Land in sought after El Pomar Region. 40 plantable acres with remarkable sunrise and sunset views surrounded by wineries, tasting rooms and vineyards. Nicely updated 2 BR home could be a perfect tasting room. Home has huge great room with fireplace, large eat in kitchen, 2 BRs, cute bathroom, & laundry room. Multiple dream building sites. home is currently leased month to month to excellent tenant. Land is not farmed with chemicals.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com http://www.c21home.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.
All rights reserved. Copyright 2010 Rapattoni Corporation. All rights reserved.

Client Summary Report

Listings as of 06/21/10 at 11:00am
Active 10/09/08 Listing # 148391 6510 Nacimiento Ave Atascadero, CA 93422-4108 Listing Price: $945,000
County: San Luis Obispo Cross St: Atascadero Ave Map: 573, H4

Property Type Multi-family Property Subtype Multi-family
Area Atascadero Sub-area ATNorthwest
Beds 18 Approx SqFt 7200 Seller
Baths(FTHQ) 9 (9 0 0 0) Price/Sq Ft $131.25
Year Built 1977 Lot Sq Ft(approx) 26092 ((Tax Records))
APN 030-341-024
DOM/CDOM 593/639 Lot Acres (approx) 0.599
Additional Pictures
Public Remark Reduced Price! Don't Miss This Investment Opportunity With Numbers That Work! Under 9Xgross! Well maintained 9 unit West Side location. Three separate one story buildings. Each spacious 2 bedroom 1 bath unit has its own private yard, secure storage and covered parking space, All separate gas and electric meters. Excellent rental history. Common laundry with good income. All units rented well.

Presented By: Jerry Green Century 21 Hometown Realty

Lic: 01424840
Primary: 805-541-1921 x130
Secondary:
Other:

E-mail: jerry@sanluisrealestate.com
Lic: 1071563
1366 Madonna Rd.
San Luis Obispo, CA 93405
805-541-1921
Fax : 805-541-1947
See our listings online:
June 2010 Web Page: http://www.sanluisrealestate.com
Featured properties may not be listed by the office/agent presenting this brochure.
Information has not been verified, is not guaranteed, and is subject to change. Copyright © 2010 by the following Associations of REALTORS®
- Atascadero, Paso Robles, Scenic Coast, San Luis Obispo, Pismo Coast, Santa Maria, Santa Ynez Valley.

Borrowers face foreclosure after Obama loan assistance plan fails

WASHINGTON (AP) — A growing number of homeowners who sought help from the Obama administration's main mortgage aid program are in danger of losing their homes.

About 436,000 borrowers have dropped out of the $75 billion plan as of last month, the Treasury Department said Monday.

That's about 35 percent of the 1.24 million who enrolled since March 2009 and exceeds the number of homeowners who are getting help through the program. And nearly 155,000 of those who fell out of the program did so in the past month.

The result could be a new wave of foreclosures that could weaken the housing market and hold back the broader economic recovery.

Most of those homeowners were rejected during a trial period lasting at least three months. More than 6,300 dropped out after having their loans modified.

Another 340,000 homeowners, or 27 percent of those who started the program, have received permanent loan modifications and are making payments on time.

Experts say more borrowers are likely to drop out in the coming months. Some homeowners who owe more on their loans than their properties are worth are likely to conclude that paying an oversized mortgage simply isn't worth the cost.

Even after their loans are modified, many borrowers are simply stuck with too much debt — from car loans to home equity loans to credit cards.

"The majority of these modifications aren't going to be successful," said Wayne Yamano, vice president of John Burns Real Estate Consulting, a research firm in Irvine, Calif. "Even after the permanent modification, you're still looking at a very high debt burden."

Obama administration officials contend that borrowers are still getting help — even if they fail to qualify for the program. The administration published statistics showing that nearly half of borrowers who fell out of the program received an alternative loan modification from their lender. About 7 percent fell into foreclosure.

Another option is a short sale — one in which banks agree to let borrowers sell their homes for less than they owe on their mortgage.

A short sale results in a less severe hit to a borrower's credit score, and is better for communities because homes are less likely to be vandalized or fall into disrepair. To encourage more of those sales, the Obama administration is giving $3,000 for moving expenses to homeowners who complete such a sale or agree to turn over the deed of the property to the lender.

The program is designed to lower borrowers' monthly payments by reducing their mortgage rates to as low as 2 percent for five years and extending loan terms to as long as 40 years. Mortgage companies get up to $75 billion in taxpayer incentives to reduce borrowers' monthly payments.

Is this really the time for a tax increase on commercial property?

Ronald Reagan liked to describe the sequence of actions that government typically takes toward private business: "If it moves, tax it. If it keeps moving, regulate it. If it stops moving, subsidize it." Our government is now doing all three at the same time to America's real-estate market, and with the brilliant results you'd expect.

It's the taxing part that represents the most immediate threat to the commercial market. Despite price declines of more than 30% in many areas since the height of the boom, commercial real estate has not become the default moonscape observed in the residential market.

At least not yet. But a plan passed by the House and pending in the Senate would raise "carried interest" taxes on the managers of many real-estate partnerships from the current capital gains tax rate of 15% to the top income tax rate, scheduled to hit 39.6% on January 1. Carried interest is the gain these managers receive if the assets held by the partnerships rise in value.

The limited Congressional debate thus far has focused on the negative impact of this tax increase on private equity and venture capital. And the tax hike will surely reduce the incentive to invest in job-creating technology companies, among other destructive effects. But as many as half of the investments targeted by this tax would involve commercial real estate, according to the Commercial Real Estate Development Association. Senate Finance Chairman Max Baucus is negotiating a complicated timetable for phasing in the tax hike, but the end result is clear: less incentive to invest.

This Beltway assault on the real-estate market is remarkable, given that Washington is simultaneously spending billions of dollars to resuscitate it. Taxpayers can't possibly keep track of all the mortgage aid programs that began with George W. Bush's Hope Now Alliance and continue with Barack Obama's Home Affordable Modification Program, the home-buyer's tax credit and the special foreclosure mitigation operations of Fannie Mae and Freddie Mac.

As for regulating, the thousands of pages of financial-reform bills passed by the House and Senate will impose new rules on the entire financial chain from mortgage origination to servicing to securitization to investment (except of course if your name is Fannie or Freddie).

But it is the tax increase on real-estate partnerships, which own most of the commercial buildings in many U.S. markets, that could have the most immediate impact. By reducing the after-tax gain that a potential manager could expect to realize, the tax increase would put downward pressure on prices in a market struggling to recover.

According to this week's Federal Reserve "beige book" report on economic conditions, "Commercial real estate activity generally remained weak." The report added that "the elevated inventory of existing properties for sale or rent continued to weigh on new private nonresidential construction."

Naturally, Senate Majority Leader Harry Reid thinks it's about time to vote on a tax increase for the creators of such projects. He may get away with it, in part because so many in the industry are too busy trying to survive right now to worry about a rate increase. "There are no profits to tax," says New Jersey developer William Procida.

But valuations are key to avoid a replay of the residential debacle in commercial property. Over the next five years, more than $1.5 trillion in commercial real-estate debt will be falling due. Without the subsidies poured into the residential market, many managers of commercial properties have aggressively responded to the downturn by raising capital, or by buying back or restructuring their debt. Now Washington arrives to impose a new burden.

Congress and the White House have tried everything under the sun to put a floor under the housing market, but for the commercial side they seem eager to knock out the foundations. Per President Reagan's advice, could the politicians at least wait until a business is moving to start increasing taxes on it?

New Eatery for Morro Bay

Longtime Morro Bay restaurateur Stan Van Beurden has teamed up with chef Kevin Fryburger to renovate the former Whale’s Tail restaurant building on the Embarcadero into a new casual seaside café that would cater to locals and tourists alike.
Anchor Park Café — expected to open in August — will feature local vegetables, local fish and other fare in the mid-priced range, said Van Beurden, who also owns the Hofbrau der Albatross restaurant next door.
“We want family-style, comfort food,” he said.

In the meantime, Van Beurden is making big changes to the building. It was built in the 1940s as an albacore-processing plant, and then it housed the Whale’s Tail restaurant starting sometime in the 1970s, he said.
The new business owners want to get the building current with a number of newer city codes, such as widening the sidewalk. This means the restaurant’s signature concrete whale, which took up too much sidewalk space, had to go.
Van Beurden said he is happy to report the city has adopted the whale and will likely keep it as statuary in the city’s Anchor Park next door.
The renovation is planned in two parts. About 1,800 square feet at the front of the building, facing the street, is expected to be finished this August and is designed to seat about 48 people; the second half of about 700 square feet that faces the water is to include outdoor patio dining that would adjoin the Hobrau patio seating, walks open to the public and a ramp that will lead down to three or four boat slips and a dock on the water.
Those improvements probably would take three or four years, depending on approvals by the California Coastal Commission, Van Beurden said.
Van Beurden opened the Hofbrau with his father in 1971 down the street from its current location, where they moved in 2002.
He said the restaurant has been recession proof, and that made him bullish on seaside restaurants in Morro Bay.
“I’m very pumped about the economy in Morro Bay,” he said. “It’s going to be good; we’re one of the top places people come to on vacation, and I think we’ve got the best locations on the waterfront. But we’re also here for the local clientele.”
The original Whale’s Tail restaurant, which is owned by Danielle Mandella, moved to another location off the waterfront at 430 Morro Bay Blvd.
— Melanie Cleveland