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Summertime Dirt

Posted by John Hathorn on June 12, 2015
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Here is your real-time real estate market info:

There are three new listings in the north of Montana Avenue neighborhood this week: A new home on a double lot @ 415 7th Street that sold back in 2013 for $3.5 million and is now listed for $11,500,000. 217 20th Street is a redone Mediterranean with a pool, and there is a starter home, priced to generate multiple offers at 468 22nd Street.

Two homes are firmly in escrow this week – 717 11th Street and 214 18th Street.

Year-to-date closed sales went up to 30 with 1 on Esparta (north of San Vicente) closing this week.

And in Santa Monica Airport news……

If you’re interested in the latest developments involving the Santa Monica Airport (and who isn’t?), you may want to know about the FAA’s Southern California Metroplex plan. Streamlining air traffic is the goal. More specifically, the new flight path would take planes over Ocean Park rather than above the ocean. Weird – I thought that the paths were dependent upon the weather.

The FAA is hoping that to make the airspace more efficient and reduce congestion in the air. Not surprisingly, many local residents – especially those who already oppose the airport’s presence – are not happy with this change. The main concern is that more planes will be flying over Santa Monica homes than before, leading to increased noise for those who live near the flight path.

The FAA does concede that the Metroplex plan will likely result in increased noise for homes near the flight path. But the agency claims that the amount of flights will not increase, and that there will be no ground disturbances for residents to worry about. The FAA also attests that it considered several details – such as safety, environmental effects, and efficiency – when creating the plan.

If you want to learn more about the Metroplex plan, you can go to the FAA’s public workshop on this subject. It will be held at the Santa Monica Main Public Library on Wednesday, June 17, from 4 to 7 pm.


New Listings this Week

415 7th Street –  7 bedrooms + 10 baths.  $11,500,000.   New spec home on a 15,000 square foot lot. This house has the largest master bedroom that I’ve seen in quite a while. Beautiful media room, wine cellar, solar heated pool, guest house and a 3-car garage. Last sold in January 2013 for $3,500,000.

217 20th Street –  4 bedrooms + 5 baths.  $4,325,000.   Custom build Mediterranean in move –in condition. Last sold in November 1996 for $1,450,000.

468 22nd Street –  5 bedrooms + 5 baths.  $3,450,000.   Updated Spanish with a pool and spa. 3 bedrooms up and 2 down. Priced to sell over-asking. Last sold in September for $1,300,000.

New Sales this Week

717 11th Street –  3 bedrooms + 3 baths.  $2,895,000. 1920’s Spanish. A little close to Montana Ave but priced accordingly. Detached garage converted to separate bonus room/ studio with private entrance and parking off the alley. Last sold in January 2010 for $1,452,000.

214 18th Street –   3 bedrooms + 3 baths.  $3,550,000.   Cape Cod, one story with all rooms opening to the garden. Hardwood floors throughout. Last sold in April 2006 for $2,950,000.

Closed Deals this Week

101 Esparta Way – 3 bedrooms + 2 baths – $3,063,000. Fixer-upper / tear down, Sold over asking!


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.

770 Amalfi Dr. – 6 bedrooms + 6 baths – $6,000,000

369 22nd St. – 5 bedrooms + 4.5 baths – $3,995,000

238 19th St. – 4 bedrooms + 3.75 baths – $3,649,000

30 23rd Ave. – 2 bedrooms + 1.5 baths – $1,695,000

918 9th St. #D – 4 bedrooms + 3 baths – $1,595,000

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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