NOT LISTED FOR SALE

621 Bay St Santa Monica, CA 90405

Ocean Park Neighborhood

Estimated Value: $1,537,000 - $1,813,000

1 Bed
2 Baths
321 Sq Ft
$5,120/Sq Ft Est. Value

Last Sold April 17, 2012

Last sale price $700,000 $2,181 Per Sq Ft

Est. 135% increase in value since last sale

Current estimated payment $9,854/month

72 Days on Market

About This Home

As of April 2012

Corporate owned fixer.Property must have minimum 5-days in MLS prior to offer acceptance.Offers will be reviewed after 1/17/12 Commissions based on gross sales price. Rare mix of 2 free standing cottages. See private remarks for special financing** All offers on current CAR contract and must include current pre-qual,current proof of funds and current w9 from Brokerage. Property is being sold in current as-is condition with no warranties or guarantees neither implied nor expressed by seller and or their agents. Offers must be complete upon presentation.

Last Agent to Sell the Property

Jay Cohen

Coldwell Banker Realty License #00597213 Listed on: 01/10/2012

Last Buyer's Agent

Dari Lallou Mackenzie

Compass License #01342015

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $13,170

Year Built

  • Built in 1928

Lot Details

  • 3,676

Home Design

  • 321 Sq Ft Home
  • Duplex

Additional Features

  • 3,676 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 4289-003-012

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$13,170

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 321
  • Year Built: 1928
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Price Per S Q F T: 1619.94

Exterior Features

  • Pool: No

Utilities

  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 40148
  • Assessed Land Value: 407249
  • Assessor Parcel Number: 4289-003-012
  • Lot Size Area: 3676

Multi Family

  • Unit Type: 2106, 2107
  • Number Of Units: 2
  • Total Annual Expense: 00
  • Type Of Units: duplex
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 3, 2013
Sold by
Hunt Brian
Bought by
Rittmeister Diane and Daf Trust
Current Estimated Value
$1,643,428

Purchase Details

Listed on
Jan 10, 2012
Closed on
Mar 22, 2012
Sold by
Jpmorgan Chase Bank National Association
Bought by
Piligian Craig and Piligian Lucinda
Seller's Agent
Jay Cohen
Coldwell Banker Realty
Buyer's Agent
Dari Lallou Mackenzie
Compass
List Price
$520,000
Sold Price
$700,000
Premium/Discount to List
$180,000
34.62%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
6.95%

Purchase Details

Closed on
Jun 20, 2011
Sold by
Matthews Leodis C
Bought by
Jpmorgan Chase Bank National Association

Purchase Details

Closed on
Jan 17, 2008
Sold by
Matthews Leodis C
Bought by
Alexander Jacqueline

Purchase Details

Closed on
Oct 23, 2006
Sold by
Alexander Jacqueline D
Bought by
Matthews Leodis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$700,000
Interest Rate
7.8%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 14, 2006
Sold by
Alexander Jacqueline D
Bought by
Matthews Leodis C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$496,200
Interest Rate
6.35%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 5, 2001
Sold by
Smith Roger Neal
Bought by
Alexander Jacqueline

Purchase Details

Closed on
Jul 11, 2001
Sold by
Alexander Jacqueline D
Bought by
Smith Roger Neal

Purchase Details

Closed on
Mar 21, 1996
Sold by
Drew Milan R
Bought by
Alexander Jacqueline D

Purchase Details

Closed on
Aug 11, 1994
Sold by
Drew Pearliastean
Bought by
Drew Milan and Drew Gladys C

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
8.65%

Purchase Details

Closed on
Jun 6, 1994
Sold by
Drew Gladys C
Bought by
Drew Milan R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$136,500
Interest Rate
7.75%
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 Buyer Sale Price Title Company
Rittmeister Diane -- None Available
Hunt Brian -- None Available
Piligian Craig $700,007 First American Title Ins Co
Jpmorgan Chase Bank National Association $642,427 Servicelink
Alexander Jacqueline -- None Available
Matthews Leodis C -- Servicelink
Matthews Leodis C -- None Available
Alexander Jacqueline -- --
Smith Roger Neal -- --
Alexander Jacqueline D -- --
Drew Milan -- Fidelity National Title Ins
Drew Milan R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Matthews Leodis C $199,900
Previous Owner Matthews Leodis C $700,000
Previous Owner Matthews Leodis C $496,200
Previous Owner Drew Milan R $289,000
Previous Owner Drew Milan $100,000
Previous Owner Drew Milan R $136,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/17/2012 04/17/12 Sold $700,000 +34.6% $2,181 / Sq Ft
03/22/2012 03/22/12 Pending -- -- --
01/10/2012 01/10/12 For Sale $520,000 -- $1,620 / 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 $13,170 $1,103,263 $937,779 $165,484
2024 $13,170 $1,081,632 $919,392 $162,240
2023 $12,957 $1,060,424 $901,365 $159,059
2022 $12,789 $1,039,633 $883,692 $155,941
2021 $12,467 $1,019,249 $866,365 $152,884
2019 $12,253 $989,019 $840,669 $148,350
2018 $11,526 $969,628 $824,186 $145,442
2016 $11,111 $931,979 $792,183 $139,796
2015 $10,979 $917,981 $780,284 $137,697
2014 $10,832 $900,000 $765,000 $135,000
Source: Public Records

Agents Affiliated with this Home

  • J

    Seller's Agent in 2012

    Jay Cohen

    Coldwell Banker Realty

  • D

    Buyer's Agent in 2012

    Dari Lallou Mackenzie

    Compass

See All Agents

Map

Source: The MLS

MLS Number: 12-574587

The MLS

APN: 4289-003-012

California Los Angeles County Santa Monica 90405 Ocean Park

621 Bay St, Santa Monica, CA

This home is located at 621 Bay St, Santa Monica, CA 90405 since 10 January 2012 and is currently estimated at $1,643,428, approximately $5,119 per square foot. This property was built in 1928. 621 Bay St is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

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