NOT LISTED FOR SALE

Estimated Value: $959,000 - $1,120,334

2 Beds
2 Baths
961 Sq Ft
$425/mo HOA Fee

Last Sold May 17, 2022

Last sale price $1,118,000 $1,163 Per Sq Ft

Est. 4% decrease in value since last sale

Current estimated payment $7,407/month

15 Days on Market

Highlights

  • Unit is on the top floor
  • Penthouse
  • 0.34 Acre Lot
  • Roosevelt Elementary School Rated A+
  • City Lights View
  • 2-minute walk to Christine Emerson Reed Park

About This Home

As of May 2022

Turnkey, newly remodeled, top floor corner unit in a prime Santa Monica location. North of Wilshire and west of Lincoln, this penthouse unit is just blocks from the beach, 3rd Street Promenade, trendy Montana Avenue, and much more. This West-facing condo just underwent a stunning remodel, and features a brand new kitchen (with all new matching stainless steel appliances, calacatta quartz countertops, creamy white soft close shaker cabinets, large pantry with rollout shelves, hidden double trash cans, etc.) and exquisitely remodeled bathrooms (with matching quartz countertops and charcoal soft close shaker cabinets). The dining area and open living room get a ton of natural light and a refreshing ocean breeze. Walk past the barn door through a hallway offering additional new cabinetry for extra storage. The large primary bedroom features a walk-in closet complete with closet organizer system and an ensuite bathroom. The big secondary bedroom features its own oversized closet with organizer system and has more than enough space for a queen size bed and desk. Hardwood floors run throughout the main living/dining areas, while the kitchen and bathrooms boast charming porcelain tile. Push-to-start oversized gas fireplace in the living room. Exterior West-facing outdoor balcony with a treetop view. Two side-by-side parking spaces in a gated community garage and additional private storage. Laundry allowed in unit with HOA Board approval. Please see private and showing remarks.

Last Agent to Sell the Property

John Bell

Jason Thomas Reising License #02166591 Listed on: 04/02/2022

Last Buyer's Agent

Patrice Meepos

Compass License #01235616

Compass

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $13,970

Year Built

  • Built in 1970 | Remodeled

Lot Details

  • West Facing Home
  • Gated Home

HOA Fees

  • $425 Monthly HOA Fees

Parking

  • 2 Car Garage
  • Side by Side Parking
  • Garage Door Opener
  • Automatic Gate
  • Parking Garage Space
  • Controlled Entrance

Property Views

  • City Lights
  • Mountain

Home Design

  • Penthouse
  • Contemporary Architecture

Interior Spaces

  • 961 Sq Ft Home
  • 2-Story Property
  • Gas Fireplace
  • Living Room with Fireplace
  • Dining Room
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Self-Cleaning Convection Oven
  • Electric Oven
  • Electric Cooktop
  • Microwave
  • Freezer
  • Ice Maker
  • Water Line To Refrigerator
  • Dishwasher
  • Quartz Countertops
  • Disposal

Flooring

  • Wood
  • Porcelain Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • 2 Full Bathrooms

Outdoor Features

  • Balcony
  • Open Patio

Additional Features

  • Unit is on the top floor
  • Radiant Heating System

Listing and Financial Details

  • Assessor Parcel Number 4292-006-043

Community Details

Overview

  • Association fees include earthquake insurance, gas, trash, water and sewer paid
  • 20 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Laundry Facilities
  • Security Service

Property Details

Home Type

Condominium

Est. Annual Taxes

$13,970

Year Built

Built in 1970 | Remodeled

Lot Details

0

HOA Fees

$425 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Top Level
  • Street Number Display: Yes
  • Complex Name: The 1012 7th Street HOA
  • Entry Floor: 2
  • Entry Location: Penthouse
  • Living Area: 961
  • Lot Acreage: 0.3445
  • Planned Urban Dev: 0
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Unit Floor In Building: 2
  • Year Built: 1970
  • Number Of Photos: 26
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Number Of Remote Controls: 2
  • Fireplace Rooms: Gas, Living Room
  • Flooring: Hardwood, Porcelain
  • Appliances: Convection Oven, Self Cleaning Oven, Microwave, Electric, Oven-Electric, Cooktop - Electric
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: WalkInCloset, Master Bedroom
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Dining Area, Breakfast Area
  • Kitchen Features: Remodeled, Quartz Counters
  • Laundry: Community, Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Ice Maker, Microwave, Range/Oven, Refrigerator, Water Line to Refrigerator, Freezer
  • Fireplace: Yes
  • Price Per S Q F T: 1170.66

Exterior Features

  • Direction Faces: West
  • Other Features: Balcony
  • Patio: Balcony, Patio Open
  • Pool: No
  • View: City Lights, Mountains, Tree Top
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Community Garage, Controlled Entrance, Covered Parking, Door Opener, Side By Side
  • Total Parking: 2

Utilities

  • Earth Quake Ins: 1
  • Heating: Fireplace, Radiant
  • Security: Community, Gated, Automatic Gate

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • Association Fees Include: Earthquake Insurance, Gas, Trash, Water and Sewer Paid
  • HOA Fees: 425.00
  • HOA: Yes
  • Unit Location: N/W

Association/Amenities

  • Pet Rules: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4292-006-043
  • Lot Size Area: 15006

Multi Family

  • Number Of Units: 20

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 2, 2022
Closed on
Apr 26, 2022
Sold by
Allen Bell John
Bought by
Jennifer S Koff 2022 Revocable Trust
Seller's Agent
John Bell
Jason Thomas Reising
Buyer's Agent
Patrice Meepos
Compass
List Price
$1,125,000
Sold Price
$1,118,000
Premium/Discount to List
-$7,000
-0.62%
Current Estimated Value
$1,076,084

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$41,916
Avg. Annual Appreciation
-1.16%
Original Mortgage
$375,000
Outstanding Balance
$356,313
Interest Rate
5.11%
Mortgage Type
New Conventional
Estimated Equity
$719,771

Purchase Details

Listed on
Feb 14, 2013
Closed on
Feb 25, 2013
Sold by
Reedy Rhonda and Reedy William
Bought by
Bell John Allen
Seller's Agent
Brian Maser
The Condo Experts
Buyer's Agent
Judy Sheller
Compass
List Price
$599,000
Sold Price
$615,000
Premium/Discount to List
$16,000
2.67%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.72%
Original Mortgage
$500,000
Interest Rate
3.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 25, 2009
Sold by
Reedy William and Reedy Rhonda
Bought by
Reedy Rhonda
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Jennifer S Koff 2022 Revocable Trust $1,118,000 Fidelity National Title
Bell John Allen -- Fidelity National Title
Bell John Allen $580,005 Fidelity Van Nuys
Reedy Rhonda -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Jennifer S Koff 2022 Revocable Trust $375,000
Previous Owner Bell John Allen $500,000
Previous Owner Reedy William $155,000
Previous Owner Reedy William $50,000
Previous Owner Reedy William $160,000
Previous Owner Reedy William $12,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/17/2022 05/17/22 Sold $1,118,000 -0.6% $1,163 / Sq Ft
04/18/2022 04/18/22 Pending -- -- --
04/02/2022 04/02/22 Price Changed $1,125,000 0.0% $1,171 / Sq Ft
04/02/2022 04/02/22 For Sale $1,125,000 +2.7% $1,171 / Sq Ft
04/02/2022 04/02/22 Price Changed $1,095,000 0.0% $1,139 / Sq Ft
11/07/2019 11/07/19 Rented $3,400 0.0% --
10/11/2019 10/11/19 For Rent $3,400 0.0% --
03/11/2013 03/11/13 Sold $615,000 +2.7% $640 / Sq Ft
02/21/2013 02/21/13 Pending -- -- --
02/14/2013 02/14/13 For Sale $599,000 -- $623 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $13,970 $1,186,428 $949,143 $237,285
2024 $13,970 $1,163,166 $930,533 $232,633
2023 $13,742 $1,140,360 $912,288 $228,072
2022 $8,375 $673,023 $528,907 $144,116
2021 $8,152 $659,828 $518,537 $141,291
2019 $8,005 $640,259 $503,158 $137,101
2018 $7,540 $627,706 $493,293 $134,413
2016 $7,255 $603,334 $474,139 $129,195
2015 $7,158 $594,272 $467,017 $127,255
2014 $7,062 $582,632 $457,869 $124,763
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-139384

The MLS

APN: 4292-006-043