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Highs and Lows

Posted by John Hathorn on March 22, 2012
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Santa Monica Dirt by John Hathorn March 22nd, 2012

New highs and lows this week – a week with much more real estate activity than the recent past weeks.  5 new listings, 2 new sales and 2 closings make this one of the busiest in recent memory.

Active/ Available New Listings

444 14th St. –   5bd + 6ba.  $7,395,000.   New Listing.  (One of the highs).  Very private,

Just reduced to $6,995,000. One of the last, true, estate size properties on the market

Craftsman style home apx.  4,200 sq. ft. in prime north of Montana on a double lot. This is a perfect example of a trend where adjacent property owners purchase and incorporate the lot next door. Ten or so years ago, when this was newly built on a single lot, this home owned by one of the most prolific modern day recording artists of our time. Guess who? 

526 Palisades Ave. –   5bd + 3.75ba.  $4,200,000.   New Listing.   This place was a mob scene Tuesday when the listing was launched.  Major rehab needed, probably backs up to condos or an apt building across the alley.   Stately home on an apx. 17,250 sq. ft. lot.

443 21st St. –   5bd + 5.5ba.  $3,595,000.   New Listing.   There are already two offers on this contemporary Mediterranean home built in 1989. We will soon be showing a very similar home on a larger, corner lot. Ask me about it.

408 17th St. –   5bd + 4.5ba.  $3,550,000.   New Listing.   This is one of my favorite remodeled homes in the neighborhood.  It was tastefully redone a few years ago, sold to an A- list actor and re-sold a few years after that.  Much of the original charm remains.

525 16th St. –   2bd + 1.5ba.  $1,895,000.   New Listing.   Far less common than the typical Spanish bungalow, this is a Country English style that will probably sell over list price to a developer.

New Sales (Now In Escrow/ Sale Pending)

363 21st Pl.–  4bd + 3.75ba.  $2,550,000.   Second time did the trick on this, which is further proof that the market is far healthier than two years ago when we could not find the right buyer for this.

428 14th St.–  3bd + 1ba.  $1,649,500.   Sold in less than three weeks. (One of the lows)  This is one of the lowest prices I have seen in some time. It was a Trust sale, first time on the market in over 70 years.  It went out a little lower than I expected.

Sold/ Closed                                                

302 Marguerita Ave. –  3bd + 3ba.  Was listed for $4,250,000 and sold for $4,080,000.

627 24th St. –  3bd + 2ba.  Was listed for $1,999,000 and sold for $1,999,000.

 

COMING SOON:

Very big, ocean view, 6 bedrooms, apx. 5,000+ sq. ft. modern for $5.5M.

Beautiful apx. 10,000+ sq. ft., corner lot near Georgina Ave 6+6 for under $4M.

PS – Have a question about 90402?  Email it to me and I will answer it next week.

 

Pence Hathorn Silver Active Properties:

101 17th St. – 6bd + 8.5ba – $6,995,000

509 21st Pl. – 6bd + 5.5ba – $3,995,000

401 18th St. – 4bd + 4.5ba – $3,400,000

551 Lincoln Blvd. – 5bd + 4.5ba – $3,145,000

33 26th Ave. – 5bd + 5ba – $2,799,000

733 19th St. – 3bd + 2.5ba – $2,495,000

2007 Idaho Ave. – 3bd + 2.5ba – $1,449,000

2060 Benedict Canyon Dr – 3bd + 2.5ba – $1,199,000

3002 3rd St. #206 – 2bd + 2.5ba – $899,000

11939 Gorham Ave. #104 – 2bd + 2.5ba – $580,000

Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Ave community on our North of Montana blog.

And please call me at (310) 458-4024 with any questions.

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