NOT LISTED FOR SALE

Estimated Value: $1,839,000 - $2,275,802

3 Beds
2.5 Baths
1,847 Sq Ft
$703/mo HOA Fee

Last Sold September 30, 2019

Last sale price $1,950,000 $1,056 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $14,215/month

22 Days on Market

Highlights

  • Ocean View
  • Gated Parking
  • Wood Flooring
  • Roosevelt Elementary School Rated A+
  • Contemporary Architecture
  • 5-minute walk to Holbrook Park

About This Home

As of September 2019

Breath taking luxury/custom remodel on coveted Montana Avenue. This rare, single level penthouse (corner) unit has undergone a complete transformation, almost a full year in the making and featuring only the finest in taste, detailing and craftsmanship. Highlights include white oak hardwood flooring throughout, grand living room with views of tree-lined Montana, beautiful Beachwood-tiled fireplace facade and West facing covered patio. Entertainer's kitchen offers a breakfast bar, a waterfall island comprised of quartz counter tops, all new appliances and built-in custom cabinetry. Spacious Master suite boasts large walk in closet with custom cabinetry and bathroom with Carrera tile throughout, man-made quartz counter tops and all new fixtures. Brand new 3rd bathroom (powder) was also added to the floor plan. Ideal west of 7th St location is just 5 blocks to the beach and close to the best shopping, dining and entertainment Santa Monica has to offer.

Last Agent to Sell the Property

Austin Brunkhorst

Compass License #01823513 Listed on: 08/12/2019

Compass

Last Buyer's Agent

Kevin Krakower

Douglas Elliman of California, Inc. License #01896826

Douglas Elliman of California, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $24,799

Year Built

  • Built in 1964

Lot Details

  • 7,405

HOA Fees

  • $703 Monthly HOA Fees

Property Views

  • Ocean
  • Peek-A-Boo
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,847 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Parking

  • 2 Car Garage
  • Garage Door Opener
  • Gated Parking
  • Parking Garage Space

Outdoor Features

  • Enclosed Patio or Porch

Utilities

  • Vented Exhaust Fan
  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4292-009-053

Community Details

Overview

  • 10 Units

Pet Policy

  • Pets Allowed

Additional Features

  • Elevator
  • Controlled Access

Property Details

Home Type

Condominium

Est. Annual Taxes

$24,799

Year Built

Built in 1964

Lot Details

0

HOA Fees

$703 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Street Number Display: Yes
  • Complex Name: Santa Monica Terrace HOA
  • Entry Floor: 3
  • Living Area: 1847
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 3
  • Year Built: 1964
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Tile
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Built-Ins, Cable, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1082.30

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Mountains, Ocean, Peek-A-Boo, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Community Garage, Covered Parking, Door Opener, Garage - 2 Car
  • Total Parking: 2

Utilities

  • Heating: Radiant

Association/Amenities

  • Amenities: Controlled Access, Elevator, Gated Parking
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 703.00
  • HOA: Yes

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4292-009-053
  • Geocode Override: No
  • Lot Size Area: 7485

Multi Family

  • Number Of Units: 10

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 12, 2019
Closed on
Sep 5, 2019
Sold by
Safavi Pari
Bought by
Lamb Raymond U and Lamb Frances F
Seller's Agent
Austin Brunkhorst
Compass
Buyer's Agent
Kevin Krakower
Douglas Elliman of California, Inc.
List Price
$1,999,000
Sold Price
$1,950,000
Premium/Discount to List
-$49,000
-2.45%
Current Estimated Value
$2,100,451

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$150,451
Avg. Annual Appreciation
1.38%

Purchase Details

Listed on
Feb 10, 2018
Closed on
Mar 19, 2018
Sold by
520 Montana Llc
Bought by
Safavi Pari
Seller's Agent
Joshua Barre
Westside Property Management Inc.
Buyer's Agent
Austin Brunkhorst
Compass
List Price
$1,595,000
Sold Price
$1,690,000
Premium/Discount to List
$95,000
5.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.94%
Original Mortgage
$1,014,000
Interest Rate
4.32%
Mortgage Type
Commercial

Purchase Details

Closed on
Apr 25, 2012
Sold by
York Corinna
Bought by
520 Montana Llc

Purchase Details

Closed on
May 2, 2001
Sold by
Rice Andrew
Bought by
York Corinna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
6.92%

Purchase Details

Closed on
Apr 27, 2001
Sold by
York Christopher
Bought by
York Corinna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$199,200
Interest Rate
6.92%

Purchase Details

Closed on
Feb 10, 1998
Sold by
York Edward J Family Trust
Bought by
York Christopher and York Corinna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$214,600
Interest Rate
3.7%

Purchase Details

Closed on
Jun 9, 1994
Sold by
York Edward J
Bought by
York Edward James
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
Lamb Raymond U $1,950,000 Equity Title Company
Safavi Pari $1,690,000 Progressive Title Company
520 Montana Llc -- None Available
York Corinna -- American Title Co
York Corinna -- American Title Co
York Christopher -- Equity Title Company
York Edward James -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lamb Raymond U $600,000
Previous Owner Safavi Pari $1,065,000
Previous Owner Safavi Pari $1,014,000
Previous Owner York Corinna $199,200
Previous Owner York Christopher $214,600
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2019 09/30/19 Sold $1,950,000 -2.5% $1,056 / Sq Ft
08/12/2019 08/12/19 For Sale $1,999,000 +18.3% $1,082 / Sq Ft
03/27/2018 03/27/18 Sold $1,690,000 +6.0% $915 / Sq Ft
02/23/2018 02/23/18 Pending -- -- --
02/10/2018 02/10/18 For Sale $1,595,000 -- $864 / 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 $24,799 $2,132,605 $1,706,085 $426,520
2024 $24,799 $2,090,790 $1,672,633 $418,157
2023 $24,402 $2,049,795 $1,639,837 $409,958
2022 $24,103 $2,009,604 $1,607,684 $401,920
2021 $23,516 $1,970,201 $1,576,161 $394,040
2019 $20,909 $1,723,800 $1,379,040 $344,760
2018 $5,513 $437,025 $264,198 $172,827
2016 $5,289 $420,057 $253,940 $166,117
2015 $5,219 $413,748 $250,126 $163,622
2014 $5,155 $405,644 $245,227 $160,417
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-499110

The MLS

APN: 4292-009-053