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Posted by John Hathorn on May 17, 2013
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I rarely write about homes south of Montana Avenue but there is a home that was listed last week by a company from Studio City that bears mentioning. 934 23rd St. was listed for $2,850,000. It’s either 3,600 or 4,000 sq. ft. (discrepancy with the public records and the blue prints). It has a legal guest house over the detached garage. The lot is (the usual for North of Wilshire) 50×160 and there are 5 bedrooms. EblastSidewalkSaleMay2013V2

Do you think that there would be a couple of Buyers clamoring for this house?

What would you guess? 1 buyer? 3? 5? 10? 20? (Correct answer at the bottom of the page)

In other news, a home that has been on the market for the better part of 2 years (never with PHS) finally closed escrow – 533 24th Street is sold and closed.  (Read more about this sale in the “Closed Deals This Week” section, below).

And….

The Montana Avenue Merchants Association has partnered with Buy Local Santa Monica with a new survey for local residents. All the feedback is much appreciated and will help better shape the area to fit consumer needs. This not only helps merchants but keeps neighborhood desirability for home owners. Those who participate will be entered into a raffle to win some cool prizes!

And finally,

Tomorrow Saturday the 18th, is the Montana Avenue Sidewalk Sale, Pence Hathorn Silver will be hosting a complimentary coffee bar and balloons for the kids, and I look forward to seeing you!

New Listings this Week

718 12th St. –   4bd + 3ba.  $2,869,000.  This home sure seems underpriced based on what has been happening in the market. 3,214 sq. ft. home on an apx. 7,500 ft lot. A little close to Montana Ave (3rd house) but still good value.

740 18th St. –   4bd + 3ba.  $2,495,000.  There is nothing worth trying to remodel at this property – building a new house is the way to go. Like the 12th St. house, it’s a little close to Montana Ave but for under $2.5M, a great buy!

New Sales this Week

243 22nd St. –   5bd + 5.5ba.  $5,795,000.   Double lot with a tennis court and a pool and a traditional style home.   4,600+ sq. ft. 3 level home, 15,098 sq. ft lot. Loraine Silver is representing the Buyers.

556 12th St. –   5bd + 4.5ba.  $4,749,000.   Double lot on the north-west corner of 12th and Alta. Heavy fixer, last redone sometime in the 80’s old Spanish style with guest house and pool. Charles Pence is representing the Buyers.

222 20th St. –   4bd + 2ba.  $2,350,000.   1930’s home, listed on the City Historic Index as a 5, D, 3 (depending on who you ask, cannot be demolished). My (revised) guess is that this will close at $2.7-ish.

Closed Deals this Week

533 24th St. –   5bd + 6ba.  $4,000,000.   Sold in 2 Years. That is not a typo. This home was listed in 2011 for $4.4M, half a year later the price went to $3.99M, 1 year after that, back up to $4.5M. In April of this year the price was changed to $4.2M and this month the house finally closed escrow at $4M. 

Pence Hathorn Silver Active Properties:

465 25th St. – 5bd + 5.5ba – $4,295,000

168 S. Medio – 5bd + 3.5ba – $4,100,000

471 16th St. – 4bd + 4ba – $3,295,000

1037 Maple St. – 4bd + 3.5ba – $1,795,000

858 19th St #1. – 3bd + 3.5ba – $1,749,000

8606 W. Olympic Blvd. – 3bd + 2.5ba – $1,350,000

2305 30th St. – 2bd + 1.5ba – $1,395,000

1423 10th St. – 4-Plex – $1,295,000

1309 Arizona Ave. –  1bd + 1ba – $1,195,000

1224 Thayer Ave. #102 – 3bd + 2.75ba – $1,195,000

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.

(answer to the question about how many offers on the 23rd street, 90403 home……………………………………. as of Friday at 5:00pm, there are 10. Just goes to show that both of the north side neighborhoods are enjoying robust sales activity.)

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