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Flood of New Dirt

Posted by John Hathorn on June 28, 2013
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This has been one of the busiest weeks in recent memory with 6 new listings hitting the market in North Santa Monica.

6 properties became available this week, priced from $2.4M up to $4.4M bringing the total number of homes available to about 20. There are now more homes available to buy than there have been all year for Buyers that are looking to own some of the most coveted real estate in the Los Angeles area. Interest rates are creeping up and we have had more than a few frantic calls from people that want to buy now before their purchasing power is diminished.  North of Montana Santa Monica 1628 Georgina

There are 15 homes under contract and with the attractive pricing on some of the new listings, I imagine the number of homes in escrow to be 20 by next week, in spite of the Independence Day shortened week.

New Listings this Week

635 20th St. –   4bd + 5.5ba.  $4,400,000.    Beautiful Spanish with great character, custom finishes and exquisite detailing throughout.  Impressive formal dining room, soaring ceilings, Chef’s kitchen, luxurious master suite and bath, and much more.  Pence Hathorn Silver sale last year for $4,200,000.

1628 Georgina Ave. –   4bd + 3ba.  $3,375,000.  Old single story Spanish.  AAA+ location. 5D3 historic designation so building new will likely be a problem. 12,000+ ft. lot.

2009 Montana Ave. –   5bd + 6ba.  $3,300,000.   Newer sophisticated contemporary home with abundance of natural light via glass walls/skylights/ doors.   Great home for the eco-conscious individual. Energy star appliances, natural ventilation, R-19/R-30 insulation, AEP SPAN metal roofing, etc. Turn-key. Gillette Regent Square area. Last sold in October 2009 for $2,010,000.

727 12th St. –   5bd + 3.5ba.  $2,798,000.  Updated 2-story traditional with an apx. 2,000 sq. ft., 2-story separate/detached media/ bonus room, close to Montana Ave. Good value!  Last sold in May 2007 for $2,200,000.

402 19th St. –   2bd + 2ba.  $2,695,000.  Large 8,939 sq. ft. lot.  Prime Gillette Regent Square location. Charming Traditional w/updated baths, upgraded electrical/ plumbing/ exterior drainage, covered loggia, large grassy yard. Last sold in December 2010 for $2,200,000.

207 10th St. –   5bd + 3.5ba.  $2,499,200.  Large 9,887 sq. ft. lot at corner of San Vicente. Updated over the years but still suffers from a disjointed floor plan. Last sold in July 2001 for $1,050,000.

New Sales this Week

653 Palisades Beach Rd. –   6bd + 4.5ba.  $4,995,000.  Sold in 14 days!  Beach front property on the Santa Monica Gold Coast. Just north of the Jonathan Club. 4 bedrooms + 2.5 baths, plus a guest house.

401 25th St. –   4bd + 3.75ba.  $6,900,000.  Sold (again)!  After a false start this came back on the market and immediately re-sold again. Beautiful Colonial Revival spanning two lots. Truly a trophy location.

Closed Deals this Week

308 21st Pl. –  5bd + 5.5ba.  $4,681,000.  Sold in 13 days!

Pence Hathorn Silver Active Properties:

544 Euclid St. – 5bd + 5.5ba – $4,795,000

465 25th St. – 5bd + 5.5ba – $4,295,000

168 S. Medio – 5bd + 3.5ba – $3,988,000

858 19th St #1. – 3bd + 3.5ba – $1,749,000

838 17th St #102 – 2bd + 2.5ba – $1,549,000

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.   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.

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