NOT LISTED FOR SALE

507 Washington Ave Unit 507 Santa Monica, CA 90403

Wilshire Montana Neighborhood

Estimated Value: $1,500,000 - $2,002,000

3 Beds
2.5 Baths
1,858 Sq Ft
$938/Sq Ft Est. Value

Highlights

  • Mountain View
  • Marble Flooring
  • Subterranean Parking
  • Roosevelt Elementary School Rated A+
  • Furnished
  • Built-In Features

About This Home

As of July 2012

Modern,Spacious and Light 3bed 3bath Townhome with Mezzanine,Roof Top Deck(Mountain Views)3 balconies and a good sized patio, perfect for dining al fresco. Lovely greenery everywhere.Within walking distance to the best Santa Monica Schools,Pallisades Park and the Pacific Ocean or the charming 3rd Street Promenade. You do not need a car..Santa Monica Blue Bus takes you everywhere. Modern kitchen includes refrigerator,microwave,granite counter top!Furnished & available from July 1-2012 toAug.1-2013

Last Agent to Rent the Property

Bobbi Carrasco

Ron Michael Properties License #00784935 Listed on: 05/16/2012

Last Renter's Agent

Bobbi Carrasco

Ron Michael Properties License #00784935 Listed on: 05/16/2012

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $16,661

Year Built

  • Built in 1990

Lot Details

  • 7,497

Parking

  • 1 Parking Space

Home Design

  • Entry on the 1st floor
  • Composition Roof

Interior Spaces

  • 1,858 Sq Ft Home
  • Furnished
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Mountain Views
  • Dishwasher
  • Laundry Room

Flooring

  • Wood
  • Carpet
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2.5 Bathrooms

Additional Features

  • 7,497 Sq Ft Lot
  • Central Heating and Cooling System

Listing and Financial Details

  • Security Deposit $9,900
  • Tenant pays for electricity, gas
  • 12 Month Lease Term
  • Assessor Parcel Number 4292-010-051

Community Details

Overview

  • 6 Units

Pet Policy

  • Call for details about the types of pets allowed

Recreation

  • Tennis Courts

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$16,661

Year Built

Built in 1990

Lot Details

0

Rental Info

  • Furnished: Furnished
  • Security Deposit: 9900
  • Tenant Pays: Electricity, Gas

Listing Details

  • Property Type: Residential Lease
  • Style: Architectural
  • Single Family Or Apt: Condo/Apt
  • Street Number Display: Yes
  • Complex Name: Ocean Terrace Villas
  • Entry Floor: 1
  • Lease Terms: 1-Year
  • Living Area: 1858
  • Unit Floor In Building: 1
  • Year Built: 1990
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Townhouses
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Carpet, Hardwood, Marble, Stone
  • Bedrooms: 3
  • Fireplaces: 1
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Inside
  • Total Bathrooms: 2.50
  • Den: 0
  • Equipment: Built-Ins, Dishwasher
  • Fireplace: Yes
  • Price Per S Q F T: 2.56

Exterior Features

  • Balcony: 3
  • Tennis Court Y/N: Yes
  • Exposure: south/west
  • Pool: No
  • Roof: Composition
  • View: Mountains
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Subterranean
  • Total Parking: 1

Utilities

  • Cooling: Central
  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4292-010-051
  • Lot Size Area: 7497

Multi Family

  • Number Of Units: 6

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 3, 2008
Sold by
Cahn Michael
Bought by
Dechadarevian Soraya
Current Estimated Value
$1,743,369

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Outstanding Balance
$487,259
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,345,538

Purchase Details

Closed on
Sep 2, 2008
Sold by
Smith Chris P and Smith Kaoruko
Bought by
Dechadarevian Soraya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$580,000
Outstanding Balance
$487,259
Interest Rate
6.5%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$1,345,538

Purchase Details

Closed on
Dec 6, 2007
Sold by
Smith Chris P and Smith Kaoruko
Bought by
Smith Kaoruko

Purchase Details

Closed on
Oct 17, 2006
Sold by
Smith Chris P and Smith Kaoruko
Bought by
Smith Chris P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$417,000
Interest Rate
6.62%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 9, 2006
Sold by
Hoffman Christine J
Bought by
Smith Chris P

Purchase Details

Closed on
Oct 14, 2005
Sold by
Park Center Exchange I Llc
Bought by
Hoffmann Christine J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$844,000
Interest Rate
5.6%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Jul 8, 2005
Sold by
Schuman Steven A
Bought by
Park Center Exchange I Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$750,000
Interest Rate
6.37%
Mortgage Type
Fannie Mae Freddie Mac
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 Buyer Sale Price Title Company
Dechadarevian Soraya -- Fidelity Van Nuys
Dechadarevian Soraya $1,100,000 Fidelity Van Nuys
Smith Kaoruko -- None Available
Smith Chris P -- Chicago Title
Smith Chris P $900,000 Southland Title Company
Hoffmann Christine J -- Ticor Title Orange
Hoffmann Christine J -- Ticor Title Orange
Park Center Exchange I Llc -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Dechadarevian Soraya $580,000
Previous Owner Smith Chris P $417,000
Previous Owner Hoffmann Christine J $844,000
Previous Owner Schuman Steven A $750,000
Previous Owner Schuman Steven A $262,000
Previous Owner Schuman Steven A $275,000
Previous Owner Schuman Steven A $222,900
Previous Owner Schuman Steven A $227,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/06/2012 07/06/12 Rented $4,750 -4.0% --
06/28/2012 06/28/12 Under Contract -- -- --
05/16/2012 05/16/12 For Rent $4,950 -- --
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 $16,661 $1,416,526 $984,748 $431,778
2024 $16,661 $1,388,752 $965,440 $423,312
2023 $16,392 $1,361,522 $946,510 $415,012
2022 $16,183 $1,334,826 $927,951 $406,875
2021 $15,775 $1,308,654 $909,756 $398,898
2019 $15,505 $1,269,840 $882,773 $387,067
2018 $14,599 $1,244,942 $865,464 $379,478
2016 $14,060 $1,196,602 $831,858 $364,744
2015 $13,876 $1,178,629 $819,363 $359,266
2014 $13,676 $1,155,542 $803,313 $352,229
Source: Public Records

Agents Affiliated with this Home

  • B

    Landlord's Agent in 2012

    Bobbi Carrasco

    Ron Michael Properties

    (310) 968-8188

    1 Total Sale

    Bobbi Carrasco
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Map

Source: The MLS

MLS Number: 12-600837

The MLS

APN: 4292-010-051

California Los Angeles County Santa Monica 90403 Wilshire Montana

507 Washington Ave Unit 507, Santa Monica, CA

This home is located at 507 Washington Ave Unit 507, Santa Monica, CA 90403 since 16 May 2012 and is currently priced at $1,743,369. This property was built in 1990. 507 Washington Ave Unit 507 is a home located in Los Angeles County with nearby schools including Roosevelt Elementary School, Lincoln Middle School, and Santa Monica High School.

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