In an effort to decrease water usage by at least 20 percent by the end of 2016, the Santa Monica City Council recently approved a package of incentives that will encourage residents to save water. This is in response to the drought California has been facing for years. Of course, the threat of drought in this state is not new, which is why the city has been offering various incentives for years.
Since 2008, residents have been eligible for rebates when they replace regular water fixtures with energy-efficient devices. For example, replacing a regular toilet with a WaterSense toilet can get residents a rebate, as can replacing top-loading washing machines with Energy Star front loading machines. So if you’re trying to reduce your water usage and still have regular fixtures, these rebates may be attractive.
And now the Santa Monica City Council is offering additional incentives – as well as penalties. They want residents to cut water usage by 20 percent. This is not only because of the drought, but also because of the city’s desire to be independent when it comes to water, hopefully by 2020.
One of the new incentives is the Sustainable Landscape Rebate. If you want this rebate, you will need to replace any grass in your yard with mulch, drip irrigation, or native plants that don’t require much water. For every square foot of grass that is replaced, you will get $3.50.
If the incentives aren’t enough to encourage you to save water, the penalties might do the job. The Santa Monica City Council decided that when residents go over their water allowances, they will be fined $10 for every 100 cubic feet – or 748 gallons – of extra water they use. If you habitually use more water than you’re allowed, these fines can add up.
The good news is that Santa Monica residents have been given until the fall to get under the water usage allowance before any fines are applied. Penalties will start to accrue in August and will show up on October’s bill. So you still have time to take advantage of the incentives and avoid the penalties!
Here is your real-time real estate market info:
There is one new listing in the flats north of Montana Ave in Santa Monica: 427 14th Street. On the market for what the owners hope is land value, this property was last sold in the 1980s. There are no new sales this week. Year-to-date closed sales are 9, one up from last week with 318 Euclid Street closing.
New Listings this Week
427 14th Street – 2 bedrooms + 2 baths. $2,600,000. This is a development play. An older home on a 7,500 ft lot. Last sold in April 1985 for only $335,000.
No New Sales this Week
Closed Deals this Week
318 Euclid Street – 3 bedrooms + 2 baths – $3,198,797
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.
345 21st St. – 6 bedrooms + 8 baths – $6,490,000
101 Foxtail Dr. – 4 bedrooms + 4 baths – $3,995,000
1754 Franklin Canyon Dr. – 5 bedrooms + 5.5 baths – $3,795,000
1023 S. Bundy Drive – 2 bedrooms + 2.5 baths – $2,195,000
1544 12th St. #104 – 1 bedrooms + 1.5 baths – $1,195,000
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.