16 offers were submitted for a property at 610 18th Street last week. 15 losers are not happy with the outcome. In fact ½ of them think that something nefarious went on in the negotiations as no counter offers were made by the Sellers. The prevailing Buyer’s offer was “so good that if it closes as written, it will be clear to everyone why the Seller accepted the offer without countering the other buyers”. The asking price was $3,295,000 which would have been the value 6-10 months ago but now with 7,500 foot lots selling for $3 million, Gillette’s 60’ wide lots should be at least $3.5 million.
It’s time for the annual Montana Avenue Sidewalk Sale.
Tomorrow, Saturday, May 16th from 10am-6pm Montana Avenue becomes just a little bit more awesome. Montana Avenue is often referred to as the “Rodeo Drive” of Santa Monica and tomorrow 11 of its blocks will feature 150 shops, restaurants and services offering up to 75% off.
Start your walk off right with a complimentary latte or espresso at our office. We will be hosting a coffee bar from 10am-3pm!
Nearly every store will have some sort of sale plus there are a few new shops on the block to check out! Bluemercury just opened across the street from our office and judging from the first week of foot traffic it is worth a look.
If you’re trying to satisfy some other cravings you can drop by Sweet Lady Jane’s, R+D Kitchen or Fathers Office to get a mid-sale pick-me-up.
The sale kicks off at 10am and goes through 6pm, but come early to get the score the best items! See you Saturday!!
Here is your real-time real estate market info:
I just listed a really great property today. 369 22nd Street – a beautiful and updated Country English style home. Click the link for details. The two sales this week were 235 19th Street and 610 18th Street.
Year-to-date closed sales have gone up to 25 with 324 10th Street (closed at an all-time high price of $6,750,000), 1602 Georgina Avenue and 1128 San Vicente Boulevard closing this week.
New Listings this Week
369 22nd Street – 5 bedrooms + 4.5 baths. $3,995,000. Beautifully maintained and updated. Hardwood floors, high ceilings and large windows. Living room with vaulted ceilings, formal dining room, chef’s kitchen with white marble, stainless steel appliances, butler’s pantry. Spacious family room, lovely backyard with outdoor kitchen. Bonus room off of the 2-car garage. Last sold in July 2012 for $3,350,000.
New Sales this Week
235 19th Street – 3 bedrooms + 2 baths. $3,195,000. Renovate or build new on an 8,900+ square feet lot. House is a 1930’s Spanish with original charm and details, hardwood floors, coved ceilings, archways, private garden. Last sold in November 1992.
610 18th Street – 3 bedrooms + 4 baths. $3,295,000. Tastefully remodeled 1920’s 2 story Traditional in Gillette’s Regent Square. Features formal living and dining room, remodeled kitchen, office sparkling pool/spa and yard. Detached garage serves as a pool side guest house or gym. Available separately is the property next door at 616 18th Street providing a rare opportunity to own a double lot with a 120 feet frontage and almost 18,000 square feet of land. Last sold in April 2010 for $2,391,000.
Closed Deals this Week
324 10th Street – 5 bedrooms + 8 baths – $6,750,000. Sold over asking!
1602 Georgina Avenue – 5 bedrooms + 5 baths – $5,050,000.
1128 San Vicente Boulevard – 2 bedrooms + 1 bath – $2,525,000. Sold over asking!
Pence Hathorn Silver Active Properties:
Call me for a couple of upcoming attractions, priced from $1.9 million to $6 million – they are not in the MLS.
770 Amalfi Dr. – 6 bedrooms + 6 baths – $6,000,000
369 22nd St. – 5 bedrooms + 4.5 baths – $3,995,000
238 19th St. – 4 bedrooms + 3.75 baths – $3,649,000
809 Malcolm Ave. – 3 bedrooms + 3.5 baths – $2,900,000
865 S. Shenandoah – 8 unit building, 1 bedroom + 1 bath units – $2,695,000
30 23rd Ave. – 2 bedrooms + 1.5 baths – $1,995,000
1154 S. Barrington #210 – 1 bedrooms + 1 bath – $495,000
Search for more homes, see real time analytics and learn about the North Santa Monica / North of Montana Avenue community on our North of Montana blog. Add your comments (scroll down to the “Add Your Comment” section) and read other blogs. And please call my mobile phone (310) 924-4014 with any questions.