Somewhat predictable outcome from last Tuesday’s election…
The City of Santa Monica
Measure D, was defeated by 58.30% which means no voter approval necessary for redevelopment, closures or non-aviation uses for the Santa Monica Airport.
Measure LC, won by 59.73% politicians are in control of the future uses and development of the Santa Monica Airport land no voter approval required for the redevelopment.
Measure FS, won by 51.50% establishes a maximum fee of $288 per unit and landlords are only allowed to pass onto tenants a maximum of 50% of the registration fee to their tenant.
Measure H, was defeated by 57.80%! I actually happily surprised that H failed. Great news for homeowners that their Real Estate Transfer Taxes will not be raised from $3 for every $1,000 to $9 for every $1,000.
Measure HH, was defeated by 50.20% proceeds from (the failed) Measure H Real Estate Transfer Tax will not be used for low income development.
The State of California
Proposition 1, won by 66.80% funding water quality, supply, treatment and storage.
Proposition 2, won by 68.80% to save money and pay down debt to help stabilize the economy during another recession.
Proposition 45, defeated by 59.80% healthcare insurance rates will not need to be approved by the Insurance Commissioner.
Proposition 46, defeated by 67.20% doctors will not be subject to random drug testing.
Proposition 47, won by 58.50% reduces penalties for nonviolent crimes from felony to a misdemeanor.
Proposition 48, defeated by 61% Indian gaming will remain on tribal land only.
More of the same old, same old with Democrats controlling the state – Jerry Brown keeps his seat as elected Governor, Lieutenant Governor Gavin Newsom, Secretary of State Alex Padilla, Controller Betty Yee, Treasurer John Chiang and Attorney General Kamala Harris.
Here is your real-time real estate market info:
There is one new listing from the north of Montana flats that hit the MLS this week – 728 12th Street. Two new sales: – 527 19th Street and 225 Georgina Avenue. Total YTD closed sales went up to 58.
New Listings this Week
728 12th Street – 5 bedrooms + 4 baths. $3,699,000. Partially lipsticked 5,000 square feet of interior space. Close to Montana Ave with a 3-car garage, office/ loft space. Sold just 5 months ago in June 2014 for $2,800,000.
New Sales this Week
225 Georgina Ave. – 4 bedrooms + 4 baths. $7,900,000. Had it not been for the large apartment building behind this house, it would have sold immediately. Huge 21,000+ square feet flat lot, actually a duplex of sorts. Rumored to be under contract for $7 million, which I believe is a great buy.
527 19th Street – 3 bedrooms + 3 baths. $3,795,000. Sold immediately for full price by this office. Hacienda style house by featuring renovated kitchen, formal dining room, charming outdoor patio, detached office, pool and super cool vibe. Last sold in March 2012 for $2,405,040.
New Closed Deals this Week
1230 Georgina Avenue – 6 bedrooms + 9 baths – $10,150,000. Two and a half years in the making and as soon as complete, Pence Hathorn Silver got this sold with multiple offers for over list price!
525 Georgina Avenue – 3 bedrooms + 3 baths – $7,600,000.
523 11th St. – 4 bedrooms + 4 baths – $3,250,000.
534 18th St. – 3 bedrooms + 2 baths – $3,180,000.
Pence Hathorn Silver Active Properties:
303 9th St. – 5 bedrooms + 6.5 baths – $4,999,000
100 Esparta Way – 4 bedrooms + 2.75 baths – $2,999,000
12727 Sunset Blvd. – 4 bedrooms + 4.5 baths – $2,345,000
1544 12th St. #104 – 1 bedrooms + 1.5 baths – $1,195,000
3166 S. Sepulveda Blvd. #33– 1 bedroom + 1 bath – $329,000
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.