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Million Dollar Dirt

Posted by John Hathorn on February 7, 2014
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The amount of high-end luxury buyers has grown this past year; with a number of multi-million dollar homes being sold it seems to be encouraging others to start buying again with confidence. According to the Los Angeles Times, statewide 39,145 homes sold for $1 million or more in 2013, up 45% from the year before and the best showing since 2007. In Santa Monica, for the first time last year several properties were listed at or above $25 million. The number of buyers from around the globe is increasing and the celebrity housing market is really heating up in popularity. The city is also seeing more developers investing in million dollar housing and commercial projects, which are becoming quite controversial. On the flip side, more investors are purchasing and remodeling’s properties and putting them back on the market.

The following is a 2013 North of Montana Ave year in review / equity market update. These are all the homes that were listed and sold in the MLS in the 90402 zip code.  To see the sale details, including photos of each home click on the blue MLS number. And of course if you would like a detailed evaluation of your home’s current market value please call me at 310-924-4014 for a free, no obligation, complimentary Comparative Market Analysis.

I look forward to assisting you with all your real estate needs in 2014.

SOLD

ADDRESS

LP

SP

MLS

Br

Ba

D.O.M.

SF

LD

1 568 DRYAD RD

$2,595,000

$2,552,693

13-715609

4

3.00

61

2,378

10/30/13

2 639 10TH ST

$2,269,000

$2,350,088

13-712491

2

1.00

26

1,490

10/17/13

3 607 GEORGINA AVE

$8,495,000

$8,465,000

13-710941

4

4.50

55

4,645

10/10/13

4 220 12TH ST

$5,995,000

$6,025,000

13-709369

6

9.00

10

0

10/04/13

5 705 7TH ST

$1,699,000

$1,950,000

13-708323

3

2.00

13

1,393

10/02/13

6 259 21ST PL

$2,400,000

$2,550,000

13-707827

3

3.00

9

1,844

09/28/13

7 442 MESA RD

$2,148,000

$2,085,750

13-707409

4

2.50

36

2,812

09/26/13

8 694 SAN LORENZO ST

$1,859,900

$1,845,000

13-706505

3

2.00

78

1,644

09/23/13

9 455 21ST PL

$2,395,000

$2,460,000

13-706521

4

3.00

23

1,880

09/23/13

10 410 21ST ST

$3,495,000

$3,375,000

13-703773

4

3.50

95

3,304

09/13/13

11 417 SYCAMORE RD

$3,295,000

$3,295,000

13-701137

4

3.50

26

2,952

09/12/13

12 674 KINGMAN AVE

$1,749,000

$1,790,500

13-701569

3

2.00

13

1,404

09/06/13

13 418 EUCLID ST

$2,595,000

$2,815,000

13-702267

4

3.00

35

2,688

09/06/13

14 206 24TH ST

$2,895,000

$2,865,000

13-701827

5

4.00

14

2,992

09/05/13

15 222 AMALFI DR

$2,200,000

$2,110,000

13-700039

4

4.00

54

3,300

08/28/13

16 434 10th Street

$4,199,900

$3,861,000

OC13170830MR

5

3.00

49

3,553

08/23/13

17 628 11TH ST

$3,200,000

$3,200,000

13-694573

5

4.50

62

3,597

08/15/13

18 426 LINCOLN BLVD.

$1,850,000

$2,300,000

13-696907

3

1.75

12

1,748

08/15/13

19 224 18TH ST

$4,995,000

$4,716,000

13-696975

5

5.50

0

5,518

08/15/13

20 328 EUCLID ST

$2,395,000

$2,200,000

13-694037

2

1.00

35

1,071

08/05/13

21 476 21ST ST

$3,550,000

$3,750,000

13-690789

5

4.50

14

4,581

07/23/13

22 415 14TH ST

$3,400,000

$3,025,000

13-690005

4

3.50

52

3,000

07/19/13

23 457 19TH ST

$3,495,000

$3,310,000

13-687295

6

5.00

130

4,000

07/11/13

24 317 MESA RD

$2,500,000

$3,000,000

13-685761

4

4.00

10

3,300

07/05/13

25 541 11TH ST

$2,150,000

$2,175,000

13-685303

3

1.00

51

1,515

07/03/13

 

26 727 12TH ST

$2,798,000

$2,884,625

13-683805

5

3.50

8

2,781

06/27/13

27 402 19TH ST

$2,695,000

$2,816,000

13-684153

3

2.00

27

1,950

06/27/13

28 1628 GEORGINA AVE

$3,375,000

$3,580,000

13-683885

4

3.00

8

2,636

06/26/13

29 635 20TH ST

$4,400,000

$4,300,000

13-683329

4

5.50

81

5,409

06/24/13

30 207 10th ST

$2,499,200

$2,447,000

13-683013

5

3.50

68

2,803

06/23/13

31 327 12TH ST

$2,295,000

$2,552,000

13-681877

3

1.50

11

2,715

06/20/13

32 1201 SAN VICENTE BLVD

$2,425,000

$2,175,000

13-682085

4

3.50

62

0

06/20/13

33 636 E CHANNEL RD

$2,249,000

$2,210,000

13-681249

3

2.50

47

2,052

06/17/13

34 653 PALISADES BEACH RD

$4,995,000

$5,500,000

13-680411

6

4.50

17

2,431

06/14/13

35 409 21ST ST

$2,450,000

$2,900,000

13-680245

2

2.00

24

2,018

06/13/13

36 544 EUCLID ST

$4,795,000

$4,795,000

13-676719

5

5.50

14

5,441

05/31/13

37 239 14TH ST

$3,995,000

$3,925,000

13-677237

5

5.50

29

4,475

05/30/13

38 752 25TH ST

$2,500,000

$2,550,000

13-676413

3

2.50

10

2,177

05/30/13

39 440 15TH ST

$2,198,000

$2,490,000

13-675457

4

2.00

11

1,946

05/29/13

40 303 9th Street

$2,600,000

$2,335,000

RS13100149MR

4

3.00

76

2,356

05/25/13

41 604 21ST PL

$2,749,950

$2,800,000

13-674747

3

2.00

68

1,714

05/23/13

42 718 12TH ST

$2,869,000

$3,133,000

13-672833

4

3.00

10

3,214

05/15/13

43 740 18TH ST

$2,495,000

$2,577,000

13-672015

4

3.00

22

2,341

05/13/13

44 380 MESA RD

$2,295,000

$2,225,000

13-672017

3

3.00

42

2,660

05/13/13

45 352 20TH ST

$3,795,000

$3,715,000

13-671261

5

4.50

83

3,955

05/09/13

46 308 21ST PL

$4,695,000

$4,681,000

13-671285

5

5.50

13

4,705

05/09/13

47 1725 SAN VICENTE BLVD

$11,500,000

$11,500,000

13-671289

7

6.50

27

7,066

05/09/13

48 334 20TH ST

$3,898,000

$3,720,000

13-670563

4

3.50

70

4,068

05/07/13

49 471 16TH ST

$3,295,000

$3,100,000

13-669717

3

4.00

64

3,041

05/02/13

50 222 20TH ST

$2,350,000

$2,550,000

13-669239

4

2.00

54

2,368

05/01/13

51 615 KINGMAN AVE

$2,095,000

$1,930,000

13-668751

3

3.00

120

2,000

04/29/13

 

52 609 7TH ST

$3,495,000

$3,495,000

13-667451

5

4.50

98

4,044

04/23/13

53 746 26TH ST

$1,575,000

$1,750,000

13-665783

2

1.50

63

1,237

04/16/13

54 222 22ND ST

$2,299,000

$2,390,222

13-664275

3

1.50

9

1,674

04/11/13

55 527 LATIMER RD

$3,495,000

$3,225,000

13-664071

3

3.00

69

2,347

04/10/13

56 721 GEORGINA AVE

$3,099,000

$3,250,000

13-662701

4

5.00

9

3,025

04/05/13

57 549 9TH ST

$3,355,000

$3,125,000

13-662709

5

4.00

20

3,796

04/05/13

58 401 25TH ST

$6,900,000

$6,850,000

13-662725

4

3.75

49

0

04/05/13

59 2520 ALTA AVE

$1,997,000

$2,300,000

13-662373

3

2.75

19

2,323

04/04/13

60 621 MARGUERITA AVE

$8,125,000

$8,600,000

13-662449

5

6.50

26

6,200

04/04/13

61 401 18TH ST

$3,595,000

$3,270,000

13-659409

4

4.50

62

4,542

03/21/13

62 557 12TH ST

$3,995,000

$3,910,000

13-659583

6

5.50

131

4,698

03/21/13

63 534 25TH ST

$2,627,900

$2,876,250

13-658089

4

3.50

8

2,719

03/15/13

64 229 19TH ST

$2,749,000

$2,759,130

13-657295

3

2.00

14

0

03/12/13

65 622 7TH ST

$1,775,000

$1,650,000

13-657029

3

2.00

129

1,900

03/10/13

66 315 10TH ST

$2,800,000

$2,841,165

13-656491

3

2.25

43

2,709

03/07/13

67 556 12TH ST

$4,495,000

$4,151,878

13-654951

5

4.50

69

4,787

03/01/13

68 739 23RD ST

$4,095,000

$3,925,000

13-655091

5

5.00

133

5,401

03/01/13

69 216 W CHANNEL RD

$1,795,000

$1,735,000

13-656241

3

2.00

105

0

03/01/13

70 2121 LA MESA DR

$11,495,000

$11,225,000

13-653759

6

8.00

45

8,451

02/22/13

71 428 21ST PL

$3,925,000

$3,900,000

13-652887

5

4.50

41

4,885

02/20/13

72 243 22ND ST

$5,795,000

$5,625,000

13-652901

5

5.50

78

4,612

02/20/13

73 595 E CHANNEL RD

$3,500,000

$3,675,000

13-669319

6

5.00

86

2,904

02/19/13

74 337 12TH ST

$3,875,000

$3,800,000

13-651481

5

4.50

8

4,117

02/13/13

75 714 21ST PL

$2,600,000

$2,630,000

13-650869

5

4.50

64

2,983

02/11/13

76 234 12TH ST

$3,295,000

$3,230,000

13-650913

6

5.00

32

3,700

02/11/13

77 645 ADELAIDE DR

$6,999,000

$6,475,000

13-651059

7

5.75

78

5,345

02/11/13

 

78 614 Palisades AVE

$4,197,500

$4,210,000

13-650685

5

5.50

24

3,479

02/08/13

79 230 21ST PL

$4,499,000

$4,325,000

13-650323

5

5.50

123

0

02/07/13

80 428 EUCLID ST

$2,450,000

$2,425,000

13-650367

3

2.00

15

2,200

02/07/13

81 533 24TH ST

$4,200,000

$4,000,000

13-649539

5

6.00

91

5,581

02/04/13

82 531 11th Street

$2,299,900

$2,225,000

SB13072890MR

4

4.00

148

2,739

01/31/13

83 402 20th Street

$3,950,000

$3,800,000

AR13007653MR

4

4.00

45

5,300

01/18/13

84 330 7TH ST

$2,895,000

$2,876,000

13-646229

3

2.75

49

3,094

01/18/13

85 253 19TH ST

$2,850,000

$2,796,015

13-645053

3

2.75

91

3,129

01/14/13

86 784 SAN LORENZO ST

$5,495,000

$5,545,000

13-644317

4

2.50

36

5,257

01/09/13

87 550 E CHANNEL RD

$2,749,000

$2,740,000

13-643533

4

3.75

4

2,367

01/07/13

88 14623 HILLTREE RD

$5,975,000

$5,550,000

13-642515

4

3.00

75

4,755

01/02/13

89 587 ENTRADA DR

$3,497,900

$3,250,000

12-640475

4

5.50

128

4,750

12/12/12

90 602 11TH ST

$3,295,000

$2,900,000

12-640001

4

4.50

63

2,040

12/10/12

91 333 24TH ST

$3,295,000

$2,926,000

12-640083

5

2.75

119

2,944

12/10/12

92 700 San Vicente Boulevard

$2,300,000

$2,300,000

SR12145343CN

4

3.00

220

2,468

11/28/12

93 804 WOODACRES RD

$5,950,000

$5,900,000

12-637115

5

4.50

195

3,135

11/21/12

94 547 PALISADES BEACH RD

$7,500,000

$6,170,000

12-635095

5

5.50

118

2,313

11/09/12

95 444 EUCLID ST

$1,999,000

$2,359,650

12-634693

4

2.00

11

2,154

11/08/12

96 425 26TH ST

$2,681,841

$2,800,000

12-633711

5

5.50

27

4,876

11/02/12

97 416 21ST ST

$4,250,000

$3,970,000

12-631951

4

3.50

83

0

10/25/12

98 533 MARGUERITA AVE

$6,872,000

$6,300,000

12-630911

5

5.50

224

6,055

10/19/12

99 415 7TH ST

$2,895,000

$3,500,000

12-629015

5

5.00

76

4,191

10/09/12

100 502 Entrada DR

$1,650,000

$1,600,000

12-622111

4

2.75

223

2,048

09/01/12

101 365 23RD ST

$3,150,000

$3,000,000

12-616261

4

4.50

177

0

08/01/12

Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2014 by TheMLS.com. Information deemed reliable but not guaranteed. Presented by: John Hathorn Cal BRE# 960182

Here is your up to the minute real estate market info:

There are 12 homes available to buy North of Montana Ave with 1602 Georgina Ave and 703 12th St hitting the market.  There are 6 homes in escrow with 217 21st St. and 507 12th St. going under contract in the last few days. Year-to-date, there are 4 homes that have closed so far this year with 557 15th St, 256 4th St and 730 San Vicente closing this week.

New Listings this Week

1602 Georgina Ave. –   5bd + 5ba.  $5,500,000.   John Byers Spanish Colonial with “Hacienda” features.  Beautiful verandas, brick enclosed patio, landscaped patios invoking lots of Old Spanish charm.  With modern amenities, gourmet kitchen w/French stone, center island, top-of-the-line appliance, large family room, backyard w/pool, spa, built-in bbq and more. Last sold in March 2005 for $4,200,000 million.

703 12th St. –   5bd + 5ba.  $4,050,000.  Spanish style home by Robert Ramirez w/terraces & inner courtyards. Bright with lots of natural light. Last sold in January 2010 for $2,795,000.

710 22nd St. –   5bd + 5ba.  $3,549,000.   Re-listed at a significantly reduced price 4,662 sq. ft. with a great indoor and outdoor feel. Very 80’s décor but with a bit of imagination this home could be great. Last sold in April 1988 for $618,000.

New Sales this Week

217 21st St. –   4bd + 4.5ba.  $3,450,000Listed and sold by Pence Hathorn Silver.  Gorgeous, original 1927 Spanish with great curb appeal.  3 large bedrooms each with their own bathroom upstairs, 1 bedroom + ¾ bath downstairs.  Features oversized living room, formal dining, lovely sun room, private backyard with pool and spa.  Franklin School District.

507 12th St. –   5bd + 5ba.  $4,195,000.   Sold by Pence Hathorn Silver. Great floor plan.  4 bedrooms ups and 1 bedroom down.  Features formal dining, large living and family room.  Luxurious master bedroom w/balcony.   Bonus room above garage great for office, gym or storage space.

Closed Deals this Week

557 15th St. – 5bd + 8ba.  $3,780,000.   (The original list price on this home was $5,838,000 in May of 2013!)

256 24th St. – 3bd + 3ba.  $3,250,000.

730 San Vicente Blvd. –  3bd + 2ba.  $2,300,000.

Pence Hathorn Silver Active Properties:

2009 La Mesa – 6bd + 8ba – $18,900,000

502 16th St.  – 5bd + 7.5ba – $8,495,000

6415 Meadows Court – 6bd + 7ba – $5,995,000

601 17th St. – 5bd + 6ba – $4,600,000

728 25th St.  – 5bd + 6.5ba – $4,595,000

227 & 229 4th St. – 2bd + 1ba & 4 units in the back – $1,995,000

416 Entrada Dr. – 3bd + 1.75ba – $1,595,000

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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