Details: 4 bed/3.5 bath 3,339 sq ft house on a 5,500 sq ft lot, 2003 construction
Description: Craftsman-inspired Sunset Park home, with exceptional flow, stunning details and quality. Ground up, luxury construction, beginning with picturesque curb appeal from another era, replete with stone front porch and clad in wood shingle siding. Your buyers are drawn into the residence by a true center hall plan: downstairs features gracious living room with 2-story soaring ceilings and fireplace, formal dining room, powder room, large study (4th bed) with full attached bath. The entire rear of the home is a Great Room encompassing a gorgeous cook's kitchen, with all the bells and whistles, and a marvelous family room, all leading to a grassy back yard. Awaiting upstairs are 3 truly generous bedrooms, with vaulted ceilings and 2 full bathrooms, including lush master suite with terrace, and mountain, city and ocean views. A special blend of custom-crafted east coast appeal, in a quiet and charming Santa Monica neighborhood.
Previous Purchase: 3/15/05 - $1,980,000
Listing History: 9/28/11 - $1,899,000
SOLD: 12/6/11 - $1,885,000
This house went into escrow after just 8 days and sold for nearly full asking price. OMG, bull market! Well, not quite. See, this looks to be a pretty nice house in a good location and it was priced appropriately. These types of situations have been generating quick sales for some time now. The slow time of year didn't stop this one from going into escrow quickly either.
This sale represents a decline of about 4.8% from the early 2005 purchase price, making this a late 2004 rollback. Seems about right to me. Prices have been fairly flat for some time now and I see no change to that with this sale.
Selling a house for a loss after 6 years? That's like throwing your money away in rent!
ReplyDeleteMy husband just got a job offer in Santa Monica, it won't be a long job so we just want to rent a house. I'm wondering what there is to do in santa monica?
ReplyDelete