Santa Monica Dirt by John Hathorn December 22nd, 2011
The Holidays are most definitely upon us as no new listings, new sales or new closings were reported to the MLS this week in the North of Montana flats.
To recap the year, the highest closed sale reported was the property at 336 Adelaide Dr. (pictured on the right) 
, which actually sold twice within three months of 2011 to different Buyers.
The five bedroom, eight bath home was listed for $11,995,000 and sold for $11,650,000- both times!
The least expensive closed sale of 2011 was 336 7th St. which closed in May at $1,278,000. A two bedroom and one-and-a-half bath home. 7th is a well-travelled street and typically discounted for this reason.
The most expensive active listing on the market at this time is 436 Georgina Ave. which is priced at $9,995,000. It came on the market in April at $11,980,000 and is on one of the most desired streets in Santa Monica. The house is apx. 11,000+ sq. ft. and the lot is apx. 22,200 sq. ft. Pictured below is 436 Georgina Ave. 
The least expensive home available right now in the flats is 425 26th St. It’s a short pay (distressed sale) listing with a bank approved listing price of $2,800,000.
The most expensive home under contract is 2515 La Mesa Way, Santa Monica. Listed by Pence Hathorn Silver. This sprawling estate sits on a one-of-a-kind 51,000+ sq. ft. lot- which is an extremely rare lot size for Santa Monica.
The market seems to be setting itself up for a very busy 2012 with continued low interest rates and low inventory. My advice to Buyers is that if they see a house they like- buy it! My advice to owners is that if you are interested in Selling- call me! The market is brisk for properties that are priced appropriately.
Pence Hathorn Silver Active Properties:
509 21st Pl. – 6bd + 5.5ba – $4,250,000
401 18th St. – 4bd + 4.5ba – $3,400,000
1030 Gretna Green Way – 5bd + 5.5ba – $3,145,000
551 Lincoln Blvd. – 5bd + 4.5ba – $3,195,000
33 26th Ave. – 5bd + 5ba – $2,799,000
733 19th St. – 3bd + 2.5ba – $2,595,000
11362 Chenault St. – 3bd + 3.5ba – $1,695,000
2060 Benedict Canyon Dr – 3bd + 2.5ba – $1,249,000
3002 3rd St. #206 – 2bd + 2.5ba – $899,000
936 Milwood Ave. – 2bd + 1ba – $650,000
1658 Camden Ave. #306 – 2bd + 2ba – $589,000
1436 20th St. #10 – 2bd + 2.5ba – $585,000
10979 Exposition Blvd. – 2bd + 1ba – $499,000
Coming soon – 2011 Idaho Ave. – 3+2.5, $1,395,000
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.
