Purely delusional in Santa Monica
Yesterday's adventure was visiting homes south of Montana, north of Wilshire (Franklin School). Great lot sizes- 7800-8000 sq. ft. The traffic is a little off-putting though. The hiss of the deflating market has not yet reached the ears of the sellers. We visited two homes that are listed at $1,995,000 and $2,075,000 respectively. Apparently they are priced for people who are incapable of reading the news.
1135 Berkeley is calling itself 5 bed, 3 bath with new upgrades and asking $1,995,000 at 41 days on the market. One thing, it's been on and off the market since 2005- starting near $3 million and drifting downward ever so slightly. The owner recently went all ugly and put in some cheap marble tile, granite counters and fancy stainless steel in the kitchen. The actual bath count is not 3, but is 1 + powder room in a closet upstairs and a 3/4 down. The title indicates 5 bed, 1 bath. From satellite photos, the flat roof has some water pooling issues. No A/C. ancient floor and wall furnaces and some really bad re-muddling of what should be a nice 1926 Mediterranean home. Zillow says $1,557,000. My $/sq ft calculation indicates $ a touch lower.
The other house is only a short block & a half away and features a newer, more tasteful remodel (2003), a nicer yard and comparable living space. It's still too small for us, but it's useful to know that the market doesn't think that it is a $2 million house either.
1135 Berkeley is calling itself 5 bed, 3 bath with new upgrades and asking $1,995,000 at 41 days on the market. One thing, it's been on and off the market since 2005- starting near $3 million and drifting downward ever so slightly. The owner recently went all ugly and put in some cheap marble tile, granite counters and fancy stainless steel in the kitchen. The actual bath count is not 3, but is 1 + powder room in a closet upstairs and a 3/4 down. The title indicates 5 bed, 1 bath. From satellite photos, the flat roof has some water pooling issues. No A/C. ancient floor and wall furnaces and some really bad re-muddling of what should be a nice 1926 Mediterranean home. Zillow says $1,557,000. My $/sq ft calculation indicates $ a touch lower.
The other house is only a short block & a half away and features a newer, more tasteful remodel (2003), a nicer yard and comparable living space. It's still too small for us, but it's useful to know that the market doesn't think that it is a $2 million house either.
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