NOT LISTED FOR SALE

1012 Michigan Ave Santa Monica, CA 90404

Pico Neighborhood

Estimated Value: $1,407,000 - $1,676,520

1 Bed
1 Bath
640 Sq Ft
$2,319/Sq Ft Est. Value

Last Sold March 31, 2017

Last sale price $800,000 $1,250 Per Sq Ft

Est. 77% increase in value since last sale

Current estimated payment $8,696/month

17 Days on Market

Highlights

  • No HOA
  • Will Rogers Elementary Rated A
  • 1 Car Detached Garage

About This Home

As of March 2017

Rare opportunity to develop or remodel in beautiful Santa Monica. The property is zoned SMR2 and is located on one of the new greenway streets. Just 10-blocks to the beach! Current house is a single family home. Property sold as is. Delivered vacant.

Last Agent to Sell the Property

Margalit Bensimon

Nourmand & Associates-BH License #01896163 Listed on: 02/24/2017

Nourmand & Associates-BH

Last Buyer's Agent

Sierus Erdelyi

License #01870547

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $11,232

Year Built

  • Built in 1922

Lot Details

  • 2,976 Sq Ft Lot
  • Property is zoned SMR2*

Parking

  • 1 Car Detached Garage

Home Design

  • 640 Sq Ft Home

Bedrooms and Bathrooms

  • 1 Bedroom
  • 1 Full Bathroom

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4283-023-016

Home Details

Home Type

Single Family

Est. Annual Taxes

$11,232

Year Built

Built in 1922

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Unknown
  • Street Number Display: Yes
  • Living Area: 640
  • Probate: No
  • Year Built: 1922
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 1.00
  • Den: 0
  • Price Per S Q F T: 1327.97

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Detached, Garage - 1 Car
  • Total Parking: 1

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4283-023-016
  • Geocode Override: No
  • Lot Size Area: 2976

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 24, 2017
Closed on
Mar 14, 2017
Sold by
1012 Michigan Avenue Llc
Bought by
Burks Daniel and Wood Julia
Seller's Agent
Margalit Bensimon
Nourmand & Associates-BH
Buyer's Agent
Sierus Erdelyi
List Price
$849,900
Sold Price
$800,000
Premium/Discount to List
-$49,900
-5.87%
Current Estimated Value
$1,417,387

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$617,387
Avg. Annual Appreciation
7.67%
Original Mortgage
$560,000
Outstanding Balance
$466,346
Interest Rate
4.15%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,018,034

Purchase Details

Closed on
Nov 16, 2016
Sold by
Allen Todd
Bought by
1012 Michigan Avenue Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$325,000
Interest Rate
3.57%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Listed on
May 27, 2016
Closed on
Jul 11, 2016
Sold by
Villegas Michael J
Bought by
Allen Todd and Allen Kayla
Seller's Agent
Sherri Noel
KW Advisors
Buyer's Agent
Jennifer Lax
Power Brokers
List Price
$800,000
Sold Price
$500,000
Premium/Discount to List
-$300,000
-37.5%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.73%

Purchase Details

Closed on
Oct 14, 2009
Sold by
Villegas John R and Trust A
Bought by
Villegas John R and The John R & Esther A Villegas Living Tr

Purchase Details

Closed on
Oct 17, 2007
Sold by
Villegas John R and The John R & Esther A Villegas
Bought by
Villegas John R and Trust A

Purchase Details

Closed on
Nov 17, 2004
Sold by
Villegas John R and Villegas Esther A
Bought by
Villegas John R
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
Burks Daniel $800,000 First American Title Co
1012 Michigan Avenue Llc -- Priority Title
Allen Todd $500,000 Priority Title
Villegas John R -- None Available
Villegas John R -- None Available
Villegas John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Burks Daniel $560,000
Previous Owner 1012 Michigan Avenue Llc $325,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/31/2017 03/31/17 Sold $800,000 -5.9% $1,250 / Sq Ft
02/24/2017 02/24/17 For Sale $849,900 +70.0% $1,328 / Sq Ft
07/14/2016 07/14/16 Sold $500,000 -28.5% $781 / Sq Ft
07/05/2016 07/05/16 Pending -- -- --
06/23/2016 06/23/16 Price Changed $699,000 -12.6% $1,092 / Sq Ft
05/27/2016 05/27/16 For Sale $800,000 -- $1,250 / 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 $11,232 $928,465 $742,773 $185,692
2024 $11,232 $910,260 $728,209 $182,051
2023 $11,048 $892,413 $713,931 $178,482
2022 $10,898 $874,916 $699,933 $174,983
2021 $10,612 $857,761 $686,209 $171,552
2019 $10,405 $832,320 $665,856 $166,464
2018 $9,847 $816,000 $652,800 $163,200
2016 $855 $24,386 $18,200 $6,186
2015 $839 $24,021 $17,927 $6,094
2014 $846 $23,551 $17,576 $5,975
Source: Public Records

Agents Affiliated with this Home

  • Margalit Bensimon

    Seller's Agent in 2017

    Margalit Bensimon

    Nourmand & Associates-BH

    (310) 925-9193

    3 in this area

    30 Total Sales

    Section Image

  • S

    Buyer's Agent in 2017

    Sierus Erdelyi

  • Sherri Noel

    Seller's Agent in 2016

    Sherri Noel

    KW Advisors

    (310) 994-8721

    3 in this area

    101 Total Sales

    Section Image

  • J

    Buyer's Agent in 2016

    Jennifer Lax

    Power Brokers

    Section Image
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Map

Source: The MLS

MLS Number: 17-205230

The MLS

APN: 4283-023-016

California Los Angeles County Santa Monica 90404 Pico

1012 Michigan Ave, Santa Monica, CA

This home is located at 1012 Michigan Ave, Santa Monica, CA 90404 since 24 February 2017 and is currently estimated at $1,484,380, approximately $2,319 per square foot. This property was built in 1922. 1012 Michigan Ave is a home located in Los Angeles County with nearby schools including Will Rogers Elementary, John Adams Middle School, and Santa Monica High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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