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Santa Monica Dirt: A Few of the Highs and Lows of 2012

Posted by John Hathorn on December 28, 2012
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Pence Hathorn Silver broke a few records in 2012 as we represented Sellers on several of the most expensive homes sold. 2202 Georgina closed in April for $9 million and we brokered 2512 La Mesa which closed in January for $9.4 million

We also listed the most expensive land value sale of the year – 702 21st St. which closed at $2,650,000.

Here are a few other interesting closings of 2012:

The least expensive home sale in the zip code 90402 was a 720 sq. ft. home on W. Channel Road for only $875,000 and in the numbered streets, 412 7thSt. closed at $1,245,000. It is apx. 1,344 sq. ft. on an apx. 6,329 sq. ft. lot.  And finally, 226 Alta that sold for a whopping 32% OVER LIST PRICE.  Although this home was marketed as a livable home, if taken as land, the price per foot for the land is apx. $343. This represents a nearly 40% increase in previous land prices. 2013 should be very interesting if these prices continue to soar.

Please call 310.924.4014 for an appointment to see this home

Other real estate news:

There were no New Listings this week

Sales this week

415 7th St. –   5bd + 5ba.  $2,895,000.  Craftsman on west-facing double lot fixer upper. Last sold in October 1996 for $879,000.

700 San Vicente Blvd. –   4bd + 3ba.  $1,400,000. Heavy fixer upper / tear down. Last sold in 1997 for $550,000.

Closed Deals this week

226 Alta Ave. –   3bd + 2ba.  Listed for $2,275,000 and sold for $3,000,000,  32% over list price, dozens of Buyers competing for it.   Spectacular location – west of 7th St. very close to Ocean and Montana Ave.

336 7th St. –   2bd + 2ba.  Listed for $1,459,000 and sold for $1,550,000,  26 days on market.  Sold with one week of listing. Recently remodeled Mid-Century. Best condo alternative in Santa Monica!  Last sold in May 2011 for $1,278,000.

529 Palisades Ave. –   3bd + 2ba.  Listed for $4,495,000 and sold for $4,700,000,  22 days on market.   West of 7th and north of Montana.  Double lot over 17,000 sq. ft. of lot.

Pence Hathorn Silver Active Properties:

13868 W. Sunset Blvd. – 4bd + 3.75ba – $2,895,000

333 24th St. – 5bd + 2.75ba – $3,295,000

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.

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