701 Ocean Ave Unit 103 Santa Monica, CA 90402
North of Montana Neighborhood
2
Beds
2.5
Baths
1,848
Sq Ft
$1,600/mo
HOA Fee
Highlights
- Concierge
- Ocean Front
- Heated In Ground Pool
- Roosevelt Elementary School Rated A+
- Fitness Center
- 2-minute walk to Palisades Park
About This Home
As of January 2022Elegant ocean facing, first floor unit comprised of 2 bedrooms, 2.5 bathrooms in approximately 1,850 SF. Gourmet kitchen with granite counters and breakfast bar. The living room features a fireplace that opens to a huge patio with beautiful ocean and park views. Featuring custom built-in cabinetry/shelving and wood floors in living/dining areas. Two side-by-side parking spaces. Spectacular rooftop with dramatic ocean views, pool/spa, bbq and entertaining area. Two floors of subterranean parking with guest parking. Building amenities include: state-of-the-art fitness room, banquet/conference room with adjacent catering kitchen. Concierge located in the lobby 24/7 and on-site management weekdays. Indulge in this rare opportunity to live in the prestigious, sophisticated 701 Ocean Avenue located just steps from the ocean, stylish boutiques, hotels and fine restaurants.
Last Agent to Sell the Property
Coldwell Banker Realty License #00803205 Listed on: 01/09/2018
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $44,488
Year Built
- Built in 1994
Lot Details
- Ocean Front
- Gated Home
HOA Fees
- $1,600 Monthly HOA Fees
Home Design
- Composition Roof
Interior Spaces
- 1,848 Sq Ft Home
- 4-Story Property
- Built-In Features
- Ceiling Fan
- Gas Fireplace
- Living Room with Fireplace
- Dining Area
- Ocean Views
- Laundry Room
Kitchen
- Breakfast Bar
- Oven or Range
- Microwave
- Freezer
- Dishwasher
- Disposal
Flooring
- Wood
- Carpet
- Marble
Bedrooms and Bathrooms
- 2 Bedrooms
- Powder Room
Parking
- Parking Garage
- Side by Side Parking
Pool
- Heated In Ground Pool
- Spa
Outdoor Features
- Open Patio
Utilities
- Central Heating and Cooling System
- Cable TV Available
Listing and Financial Details
- Assessor Parcel Number 4293-014-171
Community Details
Overview
- 31 Units
Amenities
- Concierge
- Sundeck
- Banquet Facilities
- Elevator
- Community Storage Space
Recreation
- Fitness Center
- Community Pool
- Community Spa
Pet Policy
- Call for details about the types of pets allowed
Security
- Security Service
- Controlled Access
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Sep 15, 2021
Closed on
Nov 19, 2021
Sold by
Tr701 Llc
Bought by
Barnett James J and Barnett Anne J
Seller's Agent
David Solomon
Douglas Elliman of California, Inc.
Buyer's Agent
Tara Rodgers
Compass
List Price
$3,999,000
Sold Price
$3,650,000
Premium/Discount to List
-$349,000
-8.73%
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$419,240
Avg. Annual Appreciation
2.38%
Purchase Details
Listed on
Jan 9, 2018
Closed on
Feb 2, 2018
Sold by
Milner Marla
Bought by
Tr701 Llc
Seller's Agent
Julie Lovett
Coldwell Banker Realty
Buyer's Agent
Julie Lovett
Coldwell Banker Realty
List Price
$2,500,000
Sold Price
$2,650,000
Premium/Discount to List
$150,000
6%
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.74%
Original Mortgage
$1,987,500
Interest Rate
3.87%
Mortgage Type
Adjustable Rate Mortgage/ARM
Purchase Details
Closed on
Sep 22, 1994
Sold by
701 Ocean Avenue
Bought by
Mcfarlane Andrew
Similar Homes in Santa Monica, CA
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $3,650,000 | Fidelity National Title | |
| Grant Deed | $2,650,000 | Equity Title Los Angeles | |
| Partnership Grant Deed | -- | First American Title Company |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $1,987,500 | Adjustable Rate Mortgage/ARM |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/04/2022 01/04/22 | Sold | $3,650,000 | -8.7% | $1,975 / Sq Ft |
| 11/18/2021 11/18/21 | Pending | -- | -- | -- |
| 09/15/2021 09/15/21 | For Sale | $3,999,000 | 0.0% | $2,164 / Sq Ft |
| 09/29/2020 09/29/20 | Rented | $11,250 | -10.0% | -- |
| 09/02/2020 09/02/20 | For Rent | $12,500 | 0.0% | -- |
| 03/13/2018 03/13/18 | Sold | $2,650,000 | +6.0% | $1,434 / Sq Ft |
| 01/26/2018 01/26/18 | Pending | -- | -- | -- |
| 01/09/2018 01/09/18 | For Sale | $2,500,000 | 0.0% | $1,353 / Sq Ft |
| 04/25/2013 04/25/13 | Rented | $7,500 | -3.8% | -- |
| 04/25/2013 04/25/13 | Under Contract | -- | -- | -- |
| 03/15/2013 03/15/13 | For Rent | $7,800 | +4.0% | -- |
| 04/24/2012 04/24/12 | Rented | $7,500 | -9.6% | -- |
| 04/10/2012 04/10/12 | Under Contract | -- | -- | -- |
| 09/22/2011 09/22/11 | For Rent | $8,300 | -- | -- |
Source: The MLS
Tax History Compared to Growth
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 | $44,488 | $3,873,408 | $1,162,022 | $2,711,386 |
| 2024 | $44,488 | $3,797,460 | $1,139,238 | $2,658,222 |
| 2023 | $43,777 | $3,723,000 | $1,116,900 | $2,606,100 |
| 2022 | $33,826 | $2,841,334 | $1,420,667 | $1,420,667 |
| 2021 | $33,017 | $2,785,622 | $1,392,811 | $1,392,811 |
| 2019 | $32,472 | $2,703,000 | $1,351,500 | $1,351,500 |
| 2018 | $28,865 | $2,500,000 | $1,500,000 | $1,000,000 |
| 2016 | $5,970 | $485,493 | $194,227 | $291,266 |
| 2015 | $5,890 | $478,201 | $191,310 | $286,891 |
| 2014 | $5,815 | $468,835 | $187,563 | $281,272 |
Source: Public Records
Agents Affiliated with this Home
-
Seller's Agent in 2022
David Solomon
Douglas Elliman of California, Inc.
(310) 633-4922
16 in this area
166 Total Sales
-
Seller Co-Listing Agent in 2022
Anna Solomon
Douglas Elliman of California, Inc.
(310) 866-9306
12 in this area
169 Total Sales
-
Buyer's Agent in 2022
Tara Rodgers
Compass
(213) 308-4671
7 in this area
69 Total Sales
-
Seller's Agent in 2018
Julie Lovett
Coldwell Banker Realty
(310) 339-7109
1 in this area
12 Total Sales
-
Buyer's Agent in 2012
Mary Beth Woods
Coldwell Banker Realty
(310) 463-1599
3 in this area
67 Total Sales
Map
Source: The MLS
MLS Number: 18-301508
APN: 4293-014-171
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