Seller's Agent in 2021
Rose Wendy Davis
Coldwell Banker Res Brokerage
(310) 480-5660
2 in this area
33 Total Sales
1118 3rd St Unit 403 Santa Monica, CA 90403
Wilshire Montana NeighborhoodEstimated Value: $1,775,297 - $2,056,000
2
Beds
2
Baths
1,585
Sq Ft
30,008
Sq Ft Lot
Highlights
- Ocean View
- Spa
- Open Floorplan
- Roosevelt Elementary School Rated A+
- 0.69 Acre Lot
- 5-minute walk to Santa Monica Mountains National Recreation Area Visitor Center
About This Home
As of August 2021Welcome to your finest ocean & dining lifestyle in the heart of Santa Monica. This beautiful elegant WEST facing partial ocean view unit is in one the most desired buildings of the area - the WILSHIRE OCEAN TERRACE. This spacious 2Bed 2Bath luxurious condo features the best layout with a gracious formal entry, hardwood style floors throughout, prime remodeled chef’s kitchen with countertop quartz with porcelain and glass (very resistant) - 150 bottle wine cellar, extra spacious living room with gas fireplace and a private balcony for optimal entertaining. The two bedrooms feature ample closet space and are set apart from the public rooms for privacy. Both bathrooms have been elegantly remodeled to complete this stunning home. Two side-by-side parking spaces with extra storage space and elevators. Building amenities include a tastefully redone Ocean Club with kitchen, bar, pool & jacuzzi, spa, fitness room, and two saunas. Located moments from the sought-after 3rd Street Promenade, top rated restaurants, landmark shopping, and the iconic beach of Santa Monica.
Last Agent to Sell the Property
Coldwell Banker Res Brokerage License #01711442 Listed on: 07/07/2021
Property Details
Home Type
- Condominium
Year Built
- Built in 1982 | Remodeled
Lot Details
- Two or More Common Walls
HOA Fees
- $785 Monthly HOA Fees
Parking
- 2 Car Garage
- Parking Available
- Parking Lot
Home Design
- Modern Architecture
Interior Spaces
- 1,585 Sq Ft Home
- Open Floorplan
- Built-In Features
- Recessed Lighting
- Family Room Off Kitchen
- Living Room with Fireplace
- Living Room Balcony
- Wood Flooring
- Ocean Views
- Laundry Room
Kitchen
- Breakfast Bar
- Built-In Range
- Microwave
- Dishwasher
- Quartz Countertops
- Disposal
Bedrooms and Bathrooms
- 2 Main Level Bedrooms
- 2 Full Bathrooms
- Dual Vanity Sinks in Primary Bathroom
- Bathtub
- Walk-in Shower
Home Security
Outdoor Features
- Spa
- Patio
- Exterior Lighting
- Outdoor Storage
Utilities
- Central Heating and Cooling System
- Natural Gas Connected
- Cable TV Available
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 30965
- Assessor Parcel Number 4292021045
Community Details
Overview
- 43 Units
- Santa Monica Association, Phone Number (310) 480-5660
- Candice Calcote HOA
Amenities
- Clubhouse
- Community Storage Space
Recreation
- Community Pool
- Community Spa
- Park
- Dog Park
- Water Sports
- Hiking Trails
- Bike Trail
Security
- Card or Code Access
- Fire and Smoke Detector
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Jul 7, 2021
Closed on
Jul 27, 2021
Sold by
Gagnon Trust
Bought by
Farivar Babak
Seller's Agent
Rose Wendy Davis
Coldwell Banker Res Brokerage
Buyer's Agent
Stephanie Younger
Compass
List Price
$1,799,999
Sold Price
$1,800,000
Premium/Discount to List
$1
0.0%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$122,669
Avg. Annual Appreciation
1.56%
Original Mortgage
$1,439,819
Outstanding Balance
$1,304,403
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$629,921
Purchase Details
Closed on
Oct 17, 2013
Sold by
Gagnon Claude
Bought by
Gagnon Claude and Gagnon Trust
Purchase Details
Closed on
Aug 19, 2010
Sold by
Crossland Jeff
Bought by
Gagnon Claude
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
4.27%
Mortgage Type
New Conventional
Purchase Details
Closed on
Aug 16, 2008
Sold by
Navab Nersi
Bought by
Crossland Jeff and Longorta Crossland Alice
Purchase Details
Closed on
Dec 14, 2007
Sold by
Navab Nersi
Bought by
Navab Nersi
Purchase Details
Closed on
Apr 13, 2007
Sold by
Navab Nersi
Bought by
Navab Nersi and The Living Trust Of Nersi Navab
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$800,000
Interest Rate
9.75%
Mortgage Type
New Conventional
Purchase Details
Closed on
Jan 5, 2007
Sold by
Navab Nersi
Bought by
Navab Nersi and The Living Trust Of Nersi Havab
Purchase Details
Closed on
Aug 1, 2006
Sold by
Navab Nersi
Bought by
Navab Nersi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$600,000
Interest Rate
9.7%
Mortgage Type
Balloon
Purchase Details
Closed on
Dec 15, 2005
Sold by
Navab Nersi
Bought by
Living Trust Of Nersi Navab
Purchase Details
Closed on
Oct 8, 2001
Sold by
Navab Sara Maghsudi
Bought by
Navab Nersi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,600
Interest Rate
7.09%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Aug 17, 2001
Sold by
Navab Sara Maghsudi
Bought by
Navab Nersi and Navab Sara Maghsudi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$14,600
Interest Rate
7.09%
Mortgage Type
Credit Line Revolving
Purchase Details
Closed on
Sep 22, 2000
Sold by
Navab Sara M
Bought by
Navab Sara Maghsudi and The Sara Navab Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.2%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Sep 14, 2000
Sold by
Bousman Bruce L
Bought by
Bousman Bruce L and Bousman Family Exemption Trust
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.2%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Aug 28, 2000
Sold by
Navab Sara M
Bought by
Navab Nersi and Navab Sara Maghsudi
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$450,000
Interest Rate
8.2%
Mortgage Type
Stand Alone First
Purchase Details
Closed on
Sep 7, 1999
Sold by
Navab Sara M
Bought by
Navab Sara Maghsudi and The Sara Navab Trust
Create a Home Valuation Report for This Property
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Farivar Babak | $1,800,000 | Orange Coast Title | |
| Gagnon Claude | -- | None Available | |
| Gagnon Claude | $1,000,000 | Fidelity National Title Co | |
| Crossland Jeff | -- | None Available | |
| Navab Nersi | -- | None Available | |
| Navab Nersi | -- | Accommodation | |
| Navab Nersi | -- | None Available | |
| Navab Nersi | -- | None Available | |
| Navab Nersi | -- | Ticor Title Co Glendale | |
| Living Trust Of Nersi Navab | -- | -- | |
| Navab Nersi | -- | -- | |
| Navab Sara Maghsudi | -- | -- | |
| Navab Nersi | -- | Fidelity National Title Ins | |
| Navab Sara Maghsudi | -- | -- | |
| Bousman Bruce L | -- | -- | |
| Navab Nersi | -- | South Coast Title | |
| Navab Sara Maghsudi | -- | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Farivar Babak | $1,439,819 | |
| Previous Owner | Gagnon Claude | $700,000 | |
| Previous Owner | Navab Nersi | $800,000 | |
| Previous Owner | Navab Nersi | $600,000 | |
| Previous Owner | Navab Nersi | $14,600 | |
| Previous Owner | Navab Nersi | $450,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/31/2021 08/31/21 | Sold | $1,800,000 | 0.0% | $1,136 / Sq Ft |
| 07/07/2021 07/07/21 | For Sale | $1,799,999 | 0.0% | $1,136 / Sq Ft |
| 06/30/2021 06/30/21 | Price Changed | $1,799,999 | -- | $1,136 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $23,721 | $1,910,173 | $1,528,139 | $382,034 |
| 2024 | $22,261 | $1,872,720 | $1,498,176 | $374,544 |
| 2023 | $21,903 | $1,836,000 | $1,468,800 | $367,200 |
| 2022 | $21,633 | $1,800,000 | $1,440,000 | $360,000 |
| 2021 | $14,269 | $1,183,604 | $946,886 | $236,718 |
| 2020 | $14,171 | $1,171,468 | $937,177 | $234,291 |
| 2019 | $14,024 | $1,148,499 | $918,801 | $229,698 |
| 2018 | $13,209 | $1,125,981 | $900,786 | $225,195 |
| 2016 | $12,721 | $1,082,259 | $865,808 | $216,451 |
| 2015 | $12,555 | $1,066,003 | $852,803 | $213,200 |
| 2014 | $12,374 | $1,045,122 | $836,098 | $209,024 |
Source: Public Records
Agents Affiliated with this Home
-
Rose Wendy Davis
-
Evelyne Ouellet
Seller Co-Listing Agent in 2021
Evelyne Ouellet
eXp Realty of California Inc
(888) 584-9427
2 in this area
6 Total Sales
-
Stephanie Younger
Buyer's Agent in 2021
Stephanie Younger
Compass
(310) 499-2020
7 in this area
898 Total Sales
-
Rosanna Eusebio
Buyer's Agent in 2021
Rosanna Eusebio
Compass
(310) 384-3013
4 in this area
39 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: OC21142762
APN: 4292-021-045
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 multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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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