**CITY OF GOLETA INCOME-RESTRICTED CONDO** Buyers must be approved by the City of Goleta. The price is set by the County and is non-negotiable. Income is restricted to 166,700 for a single person and 190,600 for two people. The buyer is required to provide a down payment of at least 20 percent of the purchase price. A buyer's down payment cannot exceed 40 percent of the purchase price. The buyer may receive all or a portion of the down payment as a gift, provided the gift amount does not exceed 20 percent of the purchase price. The buyer's total assets, after the down payment, cannot exceed 50 percent of the purchase price. See the documents section within the MLS for all qualifying details. The Affordable Housing Policies and Procedures Manual (https://www.cityofgoleta.org/home/showpublisheddocument/29353/638313212555370000) contains the relevant policies.
This is a rarely available affordable condo at The Hideaway Bungalows & Coastal Preserve. The condo was built in 2015 and features one bedroom, one bathroom, 784 square feet of living space, a one-car garage, an in-unit washer and dryer, and mountain views. The property is located next to preserved open space, the Sandpiper Golf Course, and the Pacific Ocean.
Recent upgrades include luxury vinyl plank flooring, freshly painted kitchen and bathroom, custom electrical outlets for audio/visual connections, and dimming LED recessed lighting. The condo is equipped with modern conveniences like Wi-Fi fans, Google Nest, smart lighting, and fiber internet readiness. The bedroom has blackout shades and a closet system for optimal organization. The garage has epoxy-coated flooring and mounted storage shelving. Additionally, dog-friendly trails on the property make this a great option for pet owners.
