NOT LISTED FOR SALE

309 Sumac Ln Santa Monica, CA 90402

Estimated Value: $4,439,000 - $5,509,000

2 Beds
2 Baths
1,982 Sq Ft
$2,446/Sq Ft Est. Value

Last Sold June 14, 2021

Last sale price $4,200,000 $2,119 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $30,847/month

4 Days on Market

Highlights

  • Ocean View
  • Living Room with Fireplace
  • No HOA
  • Midcentury Modern Architecture
  • Wood Flooring
  • Laundry Room

About This Home

As of June 2021

Rare oceanview mid-century charmer in coveted Santa Monica Canyon. This two-bedroom coastal beauty is located on a private lane and gated for ultimate privacy. Within the entry gate, the grassy garden with a serene fountain and optimal sunlight welcomes you. Beyond the front door are soaring vaulted ceilings, expansive living spaces, a romantic wood-burning fireplace, and an eye-catching wall of windows and doors that frame a spectacular ocean view. The kitchen is a show-stopper with designer hacienda-style tiling, butcher block counter, two sinks, Sub-Zero refrigerator, two ovens, and ample counter space. Relish in the natural light and ocean view from the primary bedroom, which includes a large closet and luxurious bath with a heated towel rack. Host intimate gatherings on the private outdoor deck with sun protection from the majestic pine. Located minutes away from the beach, Pacific Coast Highway, and fabulous restaurants. A must see! SHOWING BY APPOINTMENT SUNDAY 5/16 FROM 2PM-5PM.

Last Agent to Sell the Property

Cindy Ambuehl

Christie's International Real Estate SoCal License #01821934 Listed on: 05/13/2021

Co-Listed By

Nikki Gwaltney

Compass License #02042709

Last Buyer's Agent

Nikki Magliarditi

Compass License #02042709

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $53,221

Year Built

  • Built in 1953

Lot Details

  • 5,633 Sq Ft Lot
  • Lot Dimensions are 50x110
  • Property is zoned LAR1

Parking

  • 2 Car Garage
  • Brick Driveway

Property Views

  • Ocean
  • Canyon

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1,982 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • 11 Fireplaces
  • Dining Area
  • Wood Flooring

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4410-021-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$53,221

Year Built

Built in 1953

Lot Details

0

Parking

2

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 1982
  • Lot Acreage: 0.1293
  • Lot Dimensions: 50x110
  • Stories: 1
  • Year Built: 1953
  • Number Of Photos: 34
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Number Of Remote Controls: 2
  • Fireplace Rooms: Living Room, Gas and Wood
  • Flooring: Hardwood
  • Bedrooms: 2
  • Fireplaces: 11
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1765.89

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: Ocean, Canyon
  • View: Yes

Garage/Parking

  • Garage Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Driveway - Brick, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4410-021-023
  • Lot Size Area: 5633

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 9, 2021
Sold by
Cook Stanley W and Cook Family Trust
Bought by
Cook Stanley W and Share Of The Cook Family Trust
Current Estimated Value
$4,847,279

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,999,998
Outstanding Balance
$1,827,765
Interest Rate
2.8%
Mortgage Type
New Conventional
Estimated Equity
$3,019,514

Purchase Details

Listed on
May 13, 2021
Closed on
May 25, 2021
Sold by
Covington Joann Marie and The Joann Marie Covington Trus
Bought by
Cook Stanley W and The Cook Family Trust
Seller's Agent
Cindy Ambuehl
Christie's International Real Estate SoCal
Buyer's Agent
Nikki Magliarditi
Compass
List Price
$3,500,000
Sold Price
$4,200,000
Premium/Discount to List
$700,000
20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.46%

Purchase Details

Closed on
Jun 14, 2005
Sold by
Covington Joann Marie
Bought by
Covington Joann Marie and The Joann Marie Covington Trus
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
Cook Stanley W -- Usa National Title Company
Cook Stanley W $4,200,000 Usa National Title Company
Covington Joann Marie -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cook Stanley W $1,999,998
Previous Owner Covington Joann Marie $671,000
Previous Owner Covington Joann Marie $679,650
Previous Owner Covington Joann Marie $202,000
Previous Owner Covington Joann Marie $220,000
Previous Owner Covington Joann Marie $250,000
Previous Owner Covington Joann Marie $250,000
Previous Owner Covington Joann Marie $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/14/2021 06/14/21 Sold $4,200,000 +20.0% $2,119 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
05/13/2021 05/13/21 For Sale $3,500,000 0.0% $1,766 / Sq Ft
08/02/2019 08/02/19 Rented $14,000 0.0% --
07/08/2019 07/08/19 For Rent $14,000 +16.7% --
09/08/2014 09/08/14 Rented $12,000 -11.1% --
09/06/2014 09/06/14 Under Contract -- -- --
06/30/2014 06/30/14 For Rent $13,500 -- --
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 $53,221 $4,501,642 $3,731,206 $770,436
2024 $53,221 $4,413,376 $3,658,046 $755,330
2023 $52,173 $4,326,840 $3,586,320 $740,520
2022 $50,207 $4,284,000 $3,672,000 $612,000
2021 $9,809 $819,592 $541,110 $278,482
2020 $9,908 $811,189 $535,562 $275,627
2019 $9,513 $795,284 $525,061 $270,223
2018 $9,427 $779,691 $514,766 $264,925
2016 $9,006 $749,417 $494,778 $254,639
2015 $8,873 $738,161 $487,346 $250,815
2014 $8,905 $723,702 $477,800 $245,902
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-731482

The MLS

APN: 4410-021-023