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Happy Memorial Day!

Posted by John Hathorn on May 22, 2015
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MemorialDayMay2015

On March 24, the Santa Monica City Council voted to turn part of the local airport into a new park. This decision was made in preparation for July 1, which is when some of the land on which the airport sits will be available to the city to use as needed. In particular, 12 acres of non-aviation land will be turned from plane tie-downs to grassy fields.

That’s because an agreement made in 1984 will expire this summer. That agreement was to provide tie-down spaces for airplanes at the Santa Monica Airport. Now those spaces are slated to become a scenic 12-acre park, which is an impressive enough size that it will be considered among the biggest in the city.

The current Airport Park spans 4 acres and has been around since the 1990s. Though this park already features lighted sports fields, a walking loop, a playground, and its own dog park, the city needs more playing fields for local sports, and the new expansion will provide them.

This decision was made possible due to Measure LC having passed in November. If you haven’t heard much about this measure, all you need to know is that it requires that any land not used by the airport be put to good use for the city in the form of parks or general recreational spaces.

Of course, the park expansion won’t be finished overnight. It could take up to three years to complete the whole project.

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Here is your real-time real estate market info:

The realist of 707 21st Place appearing as a new listing (but it’s not) is the only “new” listing in the MLS this week.

There are two sales this week: 616 18th Street and 214 18th Street. Year-to-date closed sales are up from 25 to 26 this week with the tear down at 332 12th Street closing for $272,400 above list price.

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New Listings this Week

707 21st Place –  5 bedrooms + 5 baths.  $3,995,000. This has been on and off the market for several months and is recently relisted as if it’s a new listing. Franklin School District. Last sold in November 2012 for $3,150,000.

New Sales this Week

616 18th Street –   6 bedrooms + 7 baths.  $4,695,000. Contemporary Mediterranean that was available two weeks ago as part of a two property side by side package. The second property sold immediately way over the asking price and had at least 16 purchase offers submitted. This home last sold in June 2002 for $2,575,020.

214 18th Street –   3 bedrooms + 3 baths.  $3,550,000.   A nice single story move-in condition home a little close to San Vicente but good value. The seller is rumored to be under contract to buy a brand new construction spec home in the neighborhood having sold this home for full price or very near full price. Last sold in April 2006 for $2,950,000.

Closed Deals this Week

332 12th Street – this was a 3 bedrooms + 2 baths tear down. List price was $2,675,000 and the sale price was $2,947,400- 10.18% over asking. Look for a new home here next year when the construction is completed.

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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

8046 Okean Terr – 4 bedrooms + 2.5 baths – $1,895,000

30 23rd Ave. – 2 bedrooms + 1.5 baths – $1,695,000

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.

 

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