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Love and Water

Posted by John Hathorn on February 13, 2015
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Almost everyone that I know is not doing anything special for Valentine’s Day. Does that mean that we are unromantic? Cheapskate? Tired of chocolates? Bad people? I am hearing many of the same objections to celebrating Valentine’s that I hear about New Year’s Eve – too crowded, too expensive, too much hassle.

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Did you know that water prices in Santa Monica could soon go up by 78%?

If you oppose the increase you should get your letter to the City Council asap. (No emails)

There is a vote scheduled on this – Feb 24.  Expect a raucous debate.

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Here is your real-time real estate market info:

There are 2 new listings this week: 621 23rd Street and 424 11th Street. Read about the listings in the New Listings section of this blog. I have a new listings coming to market next week. It is north of San Vicente on Foxtail – 101 Foxtail Drive. It has a wonderful ocean, mountain and canyon views and is located on one of the most quiet and private streets in Santa Monica.

There is 1 new sale this week: 1130 Georgina Ave. This home sold immediately with 7 offers. It sold a few hundred thousand dollars over list price – to a developer. Look for a new $10 million+ home to be there in about 2 years.

There are 7 closed sales year-to-date (two up from last week); 2001 Georgina Avenue and 715 23rd Street.

2001 Georgina Avenue was a sale that was closely watched by agents and neighbors. At $4,550,000 it set a new record for homes in its category – 60X149 lot, older but turn-key, 2 story Spanish, corner lot property.

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New Listings this Week

621 23rd Street –   5 bedrooms + 5 baths.  $4,595,000. Custom Traditional almost 5,000 square feet. Features hardwood floors, high ceilings, recessed lighting.   First floor with office, large cook’s kitchen with Viking stove, Subzero fridge, formal dining room, living room with fireplace. 3 spacious bedrooms upstairs and a spacious master suite with balcony, sitting area. Last sold in July 2001 for $2,600,020.

424 11th Street –   3 bedrooms + 2 baths.  $2,795,000.   Charming Spanish with modern day amenities. Features open floor plan with coved ceilings, hardwood floors, remodeled kitchen and baths. Spacious yard with a bonus/ exercise room.  Last sold in December 2007 for $2,105,000.

New Sales this Week

1130 Georgina Avenue –   3 bedrooms + 2 baths.  $3,950,000. A large 12,000+ square foot corner lot. Mostly original, older home that will certainly be demolished or completely remodeled and expanded by the next owner. The current home has 3 bedrooms and 2 bathrooms, a family room, a formal dining room and a detached maids or guest room. It has been leased out for the past few years. It last sold in 1974 for only $115,500. If the Buyer builds something similar to the one we sold a block away at 1230 Georgina, the eventual value could be 100 times the 1974 value!

Closed Deals this Week

2001 Georgina Avenue  – 4 bedrooms + 6 baths – $4,550,000

715 23rd Street – 5 bedrooms + 6 baths – $3,250,000

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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.

345 21st St. – 6 bedrooms + 8 baths – $6,490,000

229 19th St. – 5 bedrooms + 7 baths – $5,999,000

303 9th St. – 5 bedrooms + 6.5 baths – $4,999,000

1754 Franklin Canyon Dr. – 5 bedrooms + 5.5 baths – $3,795,000

1023 S. Bundy Drive – 2 bedrooms + 2.5 baths – $2,195,000

2011 Idaho Ave. – 3 bedrooms + 2.5 baths – $1,895,000

2512 28th St. #104 – 3 bedrooms + 3.5 baths – $1,199,000

1544 12th St. #104 – 1 bedrooms + 1.5 baths – $1,195,000

1544 12th St. #302 – 1 bedrooms + 1.75 baths – $1,100,000

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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