NOT LISTED FOR SALE

551 W Rustic Rd Santa Monica, CA 90402

Estimated Value: $5,068,000 - $13,877,873

3 Beds
6 Baths
5,100 Sq Ft
$1,790/Sq Ft Est. Value

About This Home

This home is located at 551 W Rustic Rd, Santa Monica, CA 90402 and is currently estimated at $9,128,291, approximately $1,789 per square foot. 551 W Rustic Rd is a home located in Los Angeles County with nearby schools including Canyon Charter Elementary, Paul Revere Charter Middle School, and Palisades Charter High.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 24, 2020
Sold by
Martin Mary Klaus and Martin David C
Bought by
Martin Mary Klaus and Martin David C
Current Estimated Value
$9,128,291

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$10,000,000
Interest Rate
3.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 27, 2014
Sold by
Martin Mary M and Martin David C
Bought by
The Martin Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,866,998
Interest Rate
3.12%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
May 10, 2011
Sold by
Martin Mary Klaus
Bought by
Martin Mary Klaus and Martin David C

Purchase Details

Closed on
Dec 23, 2010
Sold by
Harpole Myron E and Martin Mary Klaus
Bought by
Martin Mary Klaus

Purchase Details

Closed on
Jun 15, 2009
Sold by
Klaus Frank A
Bought by
Harpole Myron E and Martin Mary Klaus

Purchase Details

Closed on
Apr 21, 2004
Sold by
Martin David C and Martin Mary Margaret
Bought by
Martin David C and Martin Mary M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$50,000
Interest Rate
5.77%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 29, 2000
Sold by
Martin David C and Martin Mary M
Bought by
Martin David C and Martin Mary Margaret

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,000,000
Interest Rate
8.75%
Source: Public Records

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

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ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

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First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

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Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

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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
Martin Mary Klaus -- First American Title Ins Co
The Martin Family Trust -- Accommodation
Martin Mary Klaus -- None Available
Martin Mary Klaus -- None Available
Harpole Myron E -- None Available
Martin David C -- Southland Title Company
Martin David C -- Investors Title Company
Klaus Frank K -- Investors Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Martin Family Trust $1,700,000
Open Martin Family Trust $10,000,000
Closed Martin Mary Klaus $10,000,000
Closed Martin Mary M $2,866,998
Previous Owner Martin David C $50,000
Previous Owner Martin David C $2,974,000
Previous Owner Martin David C $3,000,000
Previous Owner Martin David C $3,000,000
Source: Public Records

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
2024 $70,183 $5,786,385 $3,126,287 $2,660,098
2023 $68,810 $5,672,928 $3,064,988 $2,607,940
2022 $65,589 $5,561,695 $3,004,891 $2,556,804
2021 $64,803 $5,452,643 $2,945,972 $2,506,671
2020 $65,486 $5,396,734 $2,915,765 $2,480,969
2019 $62,845 $5,290,917 $2,858,594 $2,432,323
2018 $61,552 $5,102,175 $2,802,544 $2,299,631
2016 $57,061 $4,749,152 $2,693,719 $2,055,433
2015 $56,218 $4,677,816 $2,653,257 $2,024,559
2014 $56,406 $4,586,185 $2,601,284 $1,984,901
Source: Public Records

Map

California Los Angeles County Santa Monica 90272

551 W Rustic Rd, Santa Monica, CA

This home is located at 551 W Rustic Rd, Santa Monica, CA 90402 and is currently estimated at $9,128,291, approximately $1,789 per square foot. 551 W Rustic Rd is a home located in Los Angeles County with nearby schools including Canyon Charter Elementary, Paul Revere Charter Middle School, and Palisades Charter High.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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