$6,400,000
SOLD JAN 23, 2025

312 E Rustic Rd Santa Monica, CA 90402

5 Beds
4.5 Baths
3,400 Sq Ft
7,002 Sq Ft Lot

Recently Sold

$1,882 Per Sq Ft

4% Below List Price

101 Days on Market

Highlights

  • Living Room with Fireplace
  • Great Room
  • Den
  • Wood Flooring
  • No HOA
  • Covered Patio or Porch

About This Home

As of January 2025

From the ground up new constructions. Built by Fountainhead Homes with modern canyon buyers in mind, this house is a winner. When entering the house, one is immediately drawn into the open loft-like space with the stunning kitchen as the focal point. The indoor space merges into the expansive grassy yard and trellised patio with fireplace and outdoor kitchen. To the right of the front door is a cozy library/office space, a place to contemplate. The upper level includes the luxurious primary suite and large balcony, built-ins, and a vaulted wooden paneled ceiling. The main bedroom also includes a large walk-in-closet with island, as well as a romantic bathroom including a freestanding tub and steam shower. There are three additional secondary bedrooms with perfectly placed windows capturing the canyon vistas and California natural light. A fifth bedroom suite is on the ground floor. This house offers all of the elements one would expect but isn't always accustomed to being available in a "Canyon House" under $7 million. Some of these include but are not limited to: new construction, a large flat back yard with plenty of room for a pool, four individually zoned air conditioning units, a two car garage attached to the house, a full security system, a straight forward intuitive floor plan with attention to light and views plus an oversized laundry room with a skylight. Hurry, there is only one of these!

Last Agent to Sell the Property

Frank Langen

DPP License #01108147 Listed on: 09/06/2024

Co-Listed By

Diana Braun

Compass License #01362342

Last Buyer's Agent

Jonathan Carr

The Agency License #02064561

The Agency

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $34,280

Year Built

  • Built in 2024

Lot Details

  • 7,002 Sq Ft Lot
  • Lot Dimensions are 51x139
  • Property is zoned LAR1

Parking

  • 4 Parking Spaces

Interior Spaces

  • 3,400 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Great Room
  • Living Room with Fireplace
  • Dining Area
  • Den
  • Wood Flooring
  • Alarm System

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Dressing Area
  • Powder Room
  • In-Law or Guest Suite

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4410-018-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$34,280

Year Built

Built in 2024

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Levels: Two
  • Street Number Display: Yes
  • Living Area: 3400
  • Lot Acreage: 0.1607
  • Lot Dimensions: 51x139
  • Stories: 2
  • Year Built: 2024
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 5
  • Full Bathroom: 4
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Room
  • Total Bathrooms: 5.00
  • Den: 1
  • Equipment: Alarm System, Built-Ins, Dishwasher, Garbage Disposal, Gas Or Electric Dryer Hookup, Hood Fan, Range/Oven, Refrigerator
  • Price Per S Q F T: 1970.59

Exterior Features

  • Other Structures: None
  • Pool: No
  • Spa Yn: No
  • View: No

Garage/Parking

  • Parking Garage: Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4410-018-012
  • Lot Size Area: 7002

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 6, 2024
Closed on
Jan 22, 2025
Sold by
312 East Rustic Road Llc
Bought by
Sobie Family Trust and Sobie
Seller's Agent
Frank Langen
DPP
Buyer's Agent
Jonathan Carr
The Agency
List Price
$6,700,000
Sold Price
$6,400,000
Premium/Discount to List
-$300,000
-4.48%
Views
123
Current Estimated Value
$6,143,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$256,298
Avg. Annual Appreciation
-6.13%

Purchase Details

Closed on
Aug 18, 2020
Sold by
Rubin Todd M and 2004 Todd Rubin Family Trust
Bought by
312 East Rustic Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,872,500
Interest Rate
4%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 17, 2019
Sold by
2004 Todd M Rubin Family Trust
Bought by
2004 Todd M Rubin Fmily Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,875,000
Interest Rate
3.05%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Listed on
May 4, 2018
Closed on
Jul 31, 2018
Sold by
Bender Richard A
Bought by
Rubin Todd M and 2004 Todd M Rubin Family Trust
Seller's Agent
Isabelle Mizrahi
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Daniel Brown
Compass
List Price
$2,795,000
Sold Price
$2,500,000
Premium/Discount to List
-$295,000
-10.55%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.51%

Purchase Details

Closed on
Oct 3, 2003
Sold by
Bender Richard A and Bender Susan
Bought by
Bender Richard A

Purchase Details

Closed on
Aug 1, 1998
Sold by
Trust Bender Richard A And Susan Trs Ben
Bought by
Bender Richard A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$550,000
Interest Rate
6.88%
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 Type Sale Price Title Company
Grant Deed $6,400,000 First American Title Company
Grant Deed $2,675,000 Lawyers Title Company
Interfamily Deed Transfer -- Old Republic Title Company
Grant Deed $2,500,000 California Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $4,225,000 Construction
Previous Owner $3,447,500 Construction
Previous Owner $1,872,500 New Conventional
Previous Owner $1,875,000 Adjustable Rate Mortgage/ARM
Previous Owner $1,400,000 Credit Line Revolving
Previous Owner $295,400 New Conventional
Previous Owner $550,000 Unknown
Previous Owner $550,000 Unknown
Previous Owner $550,000 Unknown
Previous Owner $527,500 Unknown
Previous Owner $550,000 No Value Available
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/23/2025 01/23/25 Sold $6,400,000 -4.5% $1,882 / Sq Ft
12/16/2024 12/16/24 Pending -- -- --
09/06/2024 09/06/24 For Sale $6,700,000 +168.0% $1,971 / Sq Ft
08/09/2018 08/09/18 Sold $2,500,000 -5.6% $1,860 / Sq Ft
07/09/2018 07/09/18 Price Changed $2,649,000 -5.2% $1,971 / Sq Ft
05/04/2018 05/04/18 For Sale $2,795,000 -- $2,080 / 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 $34,280 $2,895,504 $2,316,404 $579,100
2024 $34,280 $2,838,731 $2,270,985 $567,746
2023 $33,608 $2,783,070 $2,226,456 $556,614
2022 $32,028 $2,728,500 $2,182,800 $545,700
2021 $31,651 $2,675,000 $2,140,000 $535,000
2020 $31,060 $2,570,400 $2,056,320 $514,080
2019 $29,804 $2,520,000 $2,016,000 $504,000
2018 $12,659 $1,051,331 $914,212 $137,119
2016 $12,108 $1,010,509 $878,713 $131,796
2015 $11,929 $995,331 $865,514 $129,817
2014 $11,969 $975,835 $848,560 $127,275
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-436911

The MLS

APN: 4410-018-012