NOT LISTED FOR SALE

374 E Rustic Rd Santa Monica, CA 90402

Estimated Value: $4,248,000 - $4,702,000

4 Beds
4 Baths
3,000 Sq Ft
$1,460/Sq Ft Est. Value

Last Sold July 16, 2021

Last sale price $3,600,000 $1,200 Per Sq Ft

Est. 22% increase in value since last sale

Current estimated payment $24,888/month

15 Days on Market

Highlights

  • Guest House
  • Living Room with Fireplace
  • No HOA
  • Cape Cod Architecture
  • Wood Flooring
  • Covered Patio or Porch

About This Home

As of July 2021

Situated moments from the beach in Santa Monica Canyon, this designer-furnished, Cape Cod-style home features four ensuite bedrooms and a detached studio or guest house. Extensively remodeled, the single-story home is nestled on a private, tree-lined property, featuring walnut floors, soaring ceilings and expansive windows. Open-plan interiors include an abundantly lit living room with rock wall, fireplace and built-in bookcases, as well as a Carerra marble kitchen with breakfast bar and dining area. Four bedrooms feature ensuite baths, including the primary with large soaking tub, rain shower and doors to the leafy backyard and cabana. Featuring a two-car garage and additional driveway parking, the quiet, private retreat is situated moments from Santa Monicas renowned shopping, dining and beaches.

Last Agent to Sell the Property

Sandro Dazzan

The Agency License #01418033 Listed on: 05/17/2021

The Agency

Last Buyer's Agent

Trevor Montano

Compass License #01954164

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1947

Lot Details

  • 6,347 Sq Ft Lot
  • Property is zoned LAR1

Home Design

  • Cape Cod Architecture

Interior Spaces

  • 3,000 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Alarm System
  • Property Views

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • Powder Room
  • 4 Full Bathrooms

Laundry

  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 2 Car Attached Garage
  • Driveway
  • On-Street Parking

Utilities

  • Central Heating
  • Cable TV Available

Additional Features

  • Covered Patio or Porch
  • Guest House

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4410-018-002

Home Details

Home Type

Single Family

Year Built

Built in 1947

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Cape Cod
  • Street Number Display: Yes
  • Living Area: 3000
  • Lot Acreage: 0.1457
  • Stories: 1
  • Year Built: 1947
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage
  • Total Bathrooms: 4.00
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 1200.00

Exterior Features

  • Other Structures: GuestHouse
  • Pool: No
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Driveway, Garage - 2 Car, Garage Is Attached, On street
  • Total Parking: 4

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4410-018-002
  • Lot Size Area: 6347

Rental Info

  • Furnished: Furnished Or Unfurnished

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2011
Sold by
Read Robert O and Read Georganne
Bought by
Ferguson Lisa and The Maison Sur Mer Trust
Current Estimated Value
$4,378,588

Purchase Details

Closed on
Aug 17, 2009
Sold by
Read Robert O
Bought by
Read Robert O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.79%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Jun 22, 2009
Sold by
The Robert O Read Living Trust
Bought by
Read Robert O

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$938,250
Interest Rate
4.79%
Mortgage Type
Reverse Mortgage Home Equity Conversion Mortgage

Purchase Details

Closed on
Aug 22, 2008
Sold by
Read Georganne
Bought by
Read Robert O

Purchase Details

Closed on
Nov 9, 2007
Sold by
The Robert O Read Living Trust
Bought by
Read Georganne

Purchase Details

Closed on
Aug 24, 2007
Sold by
Reed Robert O and The Robert O Reed Living Trust
Bought by
Read Robert O

Purchase Details

Closed on
Sep 12, 2000
Sold by
Read Robert O
Bought by
Read Robert O and The Robert O Read Living Trust
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Ferguson Lisa $1,650,000 Chicago Title Company
Read Robert O -- Accommodation
Read Robert O -- Servicelink
Read Robert O -- None Available
Read Georganne -- Alliance Title Company
Read Robert O -- None Available
Read Robert O -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Read Robert O $938,250
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
07/16/2021 07/16/21 Sold $3,600,000 0.0% $1,200 / Sq Ft
06/01/2021 06/01/21 Pending -- -- --
05/17/2021 05/17/21 For Sale $3,600,000 0.0% $1,200 / Sq Ft
10/13/2020 10/13/20 Rented $14,000 0.0% --
06/02/2020 06/02/20 For Rent $14,000 -90.7% --
12/10/2018 12/10/18 Rented $150,000 +1150.0% --
12/07/2018 12/07/18 For Rent $12,000 0.0% --
11/27/2018 11/27/18 Off Market $12,000 -- --
11/20/2018 11/20/18 For Rent $12,000 +20.0% --
01/29/2015 01/29/15 Rented $10,000 0.0% --
01/29/2015 01/29/15 Under Contract -- -- --
01/19/2015 01/19/15 For Rent $10,000 -- --
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 $23,353 $1,967,096 $1,148,669 $818,427
2024 $23,353 $1,928,527 $1,126,147 $802,380
2023 $22,898 $1,890,714 $1,104,066 $786,648
2022 $21,908 $1,853,642 $1,082,418 $771,224
2021 $22,787 $1,914,655 $1,531,727 $382,928
2020 $23,025 $1,895,024 $1,516,022 $379,002
2019 $22,099 $1,857,868 $1,486,297 $371,571
2018 $21,982 $1,821,440 $1,457,154 $364,286
2016 $21,034 $1,750,714 $1,400,572 $350,142
2015 $20,723 $1,724,418 $1,379,535 $344,883
2014 $20,785 $1,690,640 $1,352,512 $338,128
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-732866

The MLS

APN: 4410-018-002