$1,975,000
SOLD OCT 29, 2024
3 Beds
2.5 Baths
1,642 Sq Ft
$433/mo HOA Fee

Recently Sold

$1,203 Per Sq Ft

1% Below List Price

14 Days on Market

Highlights

  • Gourmet Kitchen
  • Primary Bedroom Suite
  • Contemporary Architecture
  • Roosevelt Elementary School Rated A+
  • Gated Parking
  • 3-minute walk to Christine Emerson Reed Park

About This Home

As of October 2024

LOOKING FOR BACK UP. Welcome home to this upscale and contemporary residence in the coveted North Santa Monica area. Just 6 blocks from the ocean and situated on a wide, tree-lined street two blocks from Montana Avenue, this location is hard to beat. This upgraded unit features 3 large bedrooms and 2.5 baths within nearly 1,650 sq ft of spacious living area, plus a generous 400+ sq ft outdoor patio ideal for dining al fresco, along with 2 additional private outdoor balconies. The foyer opens into a breezy, light-filled living area with 9-foot ceilings and beautiful wide-plank light oak hardwood floors throughout. Cozy up next to the updated fireplace, perfect for TV watching, reading, or relaxing. Sliding doors from the kitchen lead to an enchanting patio, offering a private retreat where you can sip your morning coffee and enjoy the day. The best of indoor/outdoor living continues as you entertain friends and dine al fresco on those late summer nights. The gourmet kitchen is a chef's dream: fully renovated with a luxurious, high-end Thermador stove, paneled Thermador refrigerator, new Bosch dishwasher, white custom soft-close wood cabinetry, and marble countertops. The large primary bedroom suite boasts a spacious walk-in closet with ample storage. Enjoy Zen-like tranquility in your patio, complete with curated vertical greenery, where you can meditate and soak up the sun. Unwind in your soaking tub or enjoy a separate shower in the expansive en-suite bathroom with dual sinks. The separate laundry closet is equipped with a brand-new LG washer and dryer. Additional features include updated recessed lighting and electrical throughout, custom hardwood doors with brass hardware, custom baseboards and air returns, an intercom system, a Nest thermostat, and two side-by-side assigned subterranean parking spaces. Meticulous and uncompromising in quality and elegant design, this is the home you've been waiting for!

Last Agent to Sell the Property

Cynthia Perez Brown

Sotheby's International Realty License #01137293 Listed on: 09/13/2024

Sotheby's International Realty

Last Buyer's Agent

Joshua Altman

Douglas Elliman of California, Inc. License #01764587

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $14,906

Year Built

  • Built in 1989 | Remodeled

Lot Details

  • End Unit
  • East Facing Home
  • Gated Home
  • Wrought Iron Fence
  • Wood Fence
  • Front Yard Sprinklers

HOA Fees

Parking

  • 2 Car Garage
  • Gated Parking
  • Controlled Entrance

Home Design

  • Contemporary Architecture
  • Stucco

Interior Spaces

  • 1,642 Sq Ft Home
  • 3-Story Property
  • High Ceiling
  • Recessed Lighting
  • Double Pane Windows
  • Drapes & Rods
  • Window Screens
  • Sliding Doors
  • Living Room with Fireplace
  • Formal Dining Room
  • Alarm System
  • Property Views

Kitchen

  • Gourmet Kitchen
  • Breakfast Bar
  • Oven or Range
  • Gas and Electric Range
  • Range Hood
  • Microwave
  • Dishwasher
  • Marble Countertops
  • Disposal

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Walk-In Closet
  • Powder Room
  • Double Vanity
  • Low Flow Toliet
  • Bathtub with Shower
  • Linen Closet In Bathroom

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Outdoor Features

  • Living Room Balcony
  • Enclosed Patio or Porch
  • Rain Gutters

Location

  • City Lot

Utilities

  • Central Heating and Cooling System
  • Property is located within a water district
  • Central Water Heater
  • Sewer in Street

Listing and Financial Details

  • Assessor Parcel Number 4292-006-061

Community Details

Overview

  • Association fees include water and sewer paid, maintenance paid, earthquake insurance
  • 6 Units

Additional Features

  • Elevator
  • Card or Code Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$14,906

Year Built

Built in 1989 | Remodeled

Lot Details

0

HOA Fees

$433 per month

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: 1024 7th Street Condominiums Homeowners Associatio
  • Disability Access: DisabilityAccess, No Interior Steps
  • Entry Floor: 1
  • Entry Location: Foyer
  • Living Area: 1642
  • Lot Acreage: 0.1725
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Updated/Remodeled
  • Stories: 3
  • Unit Floor In Building: 1
  • Year Built: 1989
  • Number Of Photos: 42
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Laundry - Closet Stacked, Recessed Lighting, High Ceilings (9 Feet+)
  • Number Of Remote Controls: 2
  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Stone Tile, Marble
  • Appliances: Gas/Electric Range, Microwave, Range Hood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: WalkInCloset, Master Suite
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Linen Closet, Low Flow Toilet(s), Powder Room, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 0
  • Eating Areas: Breakfast Counter / Bar, Formal Dining Rm
  • Kitchen Features: Marble Counters, Remodeled, Pantry, Gourmet Kitchen
  • Laundry: In Unit
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Alarm System, Dishwasher, Dryer, Microwave, Hood Fan, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1214.98
  • Windows: Double Pane Windows, Drapes/Curtains, Screens

Exterior Features

  • Balcony: South
  • Direction Faces: East
  • Construction: Stucco
  • Other Features: Balcony, End Unit, High Ceilings (9 Feet+), Sliding Glass Doors, Rain Gutters
  • Tennis Court Y/N: No
  • Exposure: East/South
  • Fence: Wood, Wrought Iron
  • Patio: Living Room Balcony, Patio Open
  • Pool: No
  • Spa Yn: No
  • View: Walk Street
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Controlled Entrance, Subterr Side by Side, Assigned
  • Total Parking: 2

Utilities

  • Water District: Santa Monica
  • Water Heater: Central Water Heater
  • Cooling: Central
  • Earth Quake Ins: 1
  • Heating: Central
  • Security: Gated, Card/Code Access
  • Sewer: In Street Paid
  • Water: District

Association/Amenities

  • Amenities: Controlled Access, Assoc Maintains Landscape, Elevator, Gated Parking

Condo/Co-op/Association

  • Assessments: None
  • HOA Fee Frequency: Monthly
  • HOA #2 Fee Frequency: Quarterly
  • Association Fees Include: Water and Sewer Paid, Maintenance Paid, Earthquake Insurance
  • HOA Fees: 300.00
  • HOA Fees: 400.00
  • HOA: Yes
  • Unit Location: Front

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Sprinklers: Front, Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 4292-006-061
  • Lot Description: Fenced, Sidewalks
  • Lot Location: City
  • Lot Size Area: 7514

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 6

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 13, 2024
Closed on
Oct 17, 2024
Sold by
Mayfield Revocable Living Trust and Ullman Michael J
Bought by
2004 Shahidi Family Trust and Shahidi
Seller's Agent
Cynthia Perez Brown
Sotheby's International Realty
Buyer's Agent
Joshua Altman
Douglas Elliman of California, Inc.
List Price
$1,995,000
Sold Price
$1,975,000
Premium/Discount to List
-$20,000
-1%
Views
16
Current Estimated Value
$1,892,229

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$82,771
Avg. Annual Appreciation
-7.26%
Original Mortgage
$1,481,250
Outstanding Balance
$1,468,211
Interest Rate
6.2%
Mortgage Type
New Conventional
Estimated Equity
$392,682

Purchase Details

Listed on
Sep 25, 2014
Closed on
Oct 24, 2014
Sold by
Gustafson Richard A
Bought by
Ullman Michael J and Mayfield Revocable Living Trust
Seller's Agent
Barbara Boyle
Sotheby's International Realty
Buyer's Agent
Cynthia Perez Brown
Sotheby's International Realty
List Price
$995,000
Sold Price
$1,050,000
Premium/Discount to List
$55,000
5.53%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.56%
Original Mortgage
$787,500
Interest Rate
3.25%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Apr 24, 2012
Sold by
Siegel Barry J and Siegel Patricia A
Bought by
Fortenius Ltd
Source: Public Records

Range of Values:

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Average Value
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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 Type Sale Price Title Company
Grant Deed $1,975,000 Equity Title - Los Angeles
Grant Deed $1,050,000 Lawyers Title
Grant Deed $7,750,000 Equity Title Los Angeles
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,481,250 New Conventional
Previous Owner $787,500 Adjustable Rate Mortgage/ARM
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/29/2024 10/29/24 Sold $1,975,000 -1.0% $1,203 / Sq Ft
09/27/2024 09/27/24 Pending -- -- --
09/13/2024 09/13/24 For Sale $1,995,000 +90.0% $1,215 / Sq Ft
11/20/2014 11/20/14 Sold $1,050,000 +5.5% $639 / Sq Ft
09/25/2014 09/25/14 For Sale $995,000 -- $606 / 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 $14,906 $1,975,000 $1,605,800 $369,200
2024 $14,906 $1,237,189 $589,138 $648,051
2023 $14,664 $1,212,932 $577,587 $635,345
2022 $14,475 $1,189,150 $566,262 $622,888
2021 $14,108 $1,165,834 $555,159 $610,675
2019 $13,865 $1,131,257 $538,694 $592,563
2018 $13,050 $1,109,077 $528,132 $580,945
2016 $12,567 $1,066,012 $507,625 $558,387
2015 $12,402 $1,050,000 $500,000 $550,000
2014 $1,996 $134,955 $83,379 $51,576
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-438501

The MLS

APN: 4292-006-061