tomo logo

$1,199,000

Beds
3
Baths
2.0
sq ft
1,480

821 Bay St Unit A3, Santa Monica, CA 90405

821 Bay St Unit A3

Santa Monica, CA 90405

  • 18 days on market
Perfectly situated in Santa Monica, approximately 1 mile to the Pacific Ocean and world renowned beaches, this extraordinary 3-level townhouse seamlessly combines functionality with innovative design. Crafted by award-winning architect Michael Folonis, this popular reverse floor plan features two spacious main bedrooms and a private patio on the first floor, an inviting open-concept living area on the second floor, and a flexible loft-style bedroom with its own patio on the third floor—perfect for a home office or guest room. Tucked away in the back of the complex, this nearly 1,500 square foot unit enjoys abundant natural light and complete privacy, with no neighboring units overlooking it. Thoughtful updates enhance the interior, including newer flooring, two beautifully remodeled bathrooms, modern recessed lighting, an energy-efficient central A/C controlled by a Nest thermostat, and stunning custom gas fireplace. Parking is never an issue with the convenience of two side-by-side gated parking spots with an installed electric car hook-up, plus a spacious storage unit. The secure, gated complex features 24/7 surveillance cameras, offering peace of mind while being centrally located to the beach, Main Street, Promenade, Rose Avenue, Abbot Kinney, Expo lines, award-winning schools, and all the amenities Santa Monica and Venice have to offer! This well-maintained community complex has a robust HOA that includes earthquake insurance, security, water, trash, landscaping, and healthy reserves. With no restrictions on pets or rentals, this townhouse is truly a unique find!

Details

Property type

Condominium

Est. home value

$1,339,633

Lot size

0.41 acres

Price per sq ft

$811

Year built

1981

Monthly HOA fee

$720

Price History

10/18/2024
CRMLS

CRMLS #SR24215894

Listed
$1,199,000
+5.64%
10/20/2021
CLAW

CLAW #21748768

Sold
$1,135,000
+16.11%
04/14/2018
CLAW

CLAW #18308984

Sold
$977,500

Schools & Community

Neighborhood: 

Sunset Park

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Gated

High school district: 

Santa Monica-Malibu Unified

Number of units in community: 

15

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$257,598
Asking price
$1,199,000
Closing costs (~8% of asking)
-$95,920
Est. remaining loan balance
-$845,482
Cash to seller
$257,598

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Jpmorgan Chase Bank Na

Loan start date

September 2021

Original loan amount

$908,000

Est. remaining balance

$845,482

Interest rate

2.77%

Loan type

New Conventional, 30 year

Seller

Jacob Raphaelson and Kortney Kesses

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/05/2024 at 3:35 AM

Listing updated: 11/03/2024 at 10:05 PM

Listed by: Nicholas Teslik, Pinnacle Estate Properties, Inc. Phone #: (818) 444-8300

MLS: CRMLS #SR24215894

CRMLS logo

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