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1321 Chelsea Avenue

1321 Chelsea Avenue, Santa Monica, CA 90404
Property in Mid-City
Sold Aug 25, 2023
$1,750,000
$1,487,500 by U.s. Bank National Association
Mortgage Due Sep 01, 2053
Sold Dec 14, 2018
$1,380,000
$1,104,000 by Citibank Na
Mortgage Due Jan 01, 2049
Local assessors in Santa Monica, CA have categorized 1321 Chelsea Avenue as a residential type of property. The home was built in 1929 and is 95 years old. It was most recently renovated and altered in 1945. The property's lot size has been calculated to be 1,644 square feet. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 0 rooms in the home. Of these, 2 have been legally categorized as bedrooms. For more details, please view your local government regulations on what counts as a legal bedroom. As for the restroom situation, there are 2 full bathrooms. There are also 2 partial bathrooms. This is a single story home so it's perfect for folks who don't want to have to climb stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 1321 Chelsea Avenue has a total of 1,602 sqft of living area. Note that this number does not include the square footage of the garage, basement, and/or porch into its calculations.

Curious to learn more about the home? Our team of data engineers have sourced the most up-to-date information from the local assessors office to share with you. Moving onto specific details regarding the building. Our sources show that the building condition is good. It might sound scary but did you know that buildings can move depending on the weather? Both hot and cold weather can have severe impact on the longevity of your home structure depending on how much your home moves. Hence why architects pay a lot of attention to the type of control joints used in the construction process. Just so you know, this home was built with wood control joints. Not only do we know the type, but we also know that the assessors have graded the quality of these control joints with a letter grade - B. Lots of stucco were used in the construction of the exterior walls of the home. Residents rely on air conditioning for their cooling system. The home's a heating system is the primary heating source. The property was last sold in Jul 25, 2023 for $1,750,000. That's $1,092.38 per sqft. Prior to that sales transaction, the property was also sold in Nov 16, 2018 for $1,380,000. 1321 Chelsea Avenue was last assessed in 2023. The total value of the property was assessed at $1,479,636. Specifically, the land the property is located on was valued at $1,040,035. While improvements on the property were assessed at a total of $439,601. The total assessed value for this property is more than the total market value as of this moment. Which is pretty atypical. The total amount of taxes due from a property owner is $17,711. Remember, the purchasing price for your future home is not the costs you'll incur during the purchasing process. That's why it's important to save as much as possible and presumbly above the 20% minimum you may need to put down as down payment. You will want these additional savings to cover closing costs such as attorney fees, homeowner's insurance, title search fees, origination fees, and more. Thankfully, sellers may sometimes offer to cover certain costs as seller concessions to the buyer. Just keep in mind that sellers have their own fees to pay as well. Unfortunately, this property is not currently listed for sale but our inventory of available properties is constantly updating in real time. Check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1929
  • Effective Year Built: 1945
  • Building Count: 1
  • Bedroom Count: 2
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Good
  • Building Quality: B
  • Construction Type: Wood
  • Exterior Walls Type: Stucco
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,644
  • Total Building Area: 1,602
  • Building Area: 1,602
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,602
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: CHELSEA GREEN TRACT
  • Land Acres: 0.038
  • Standard Land Use Code: Single family residential
  • Legal Description 1: CHELSEA GREEN SE 41 FT OF NW 82 FT OF LOT/SEC 15 BLK/DIV/TWN 9

Ownership

  • Current Owner : MORIARTY JEFFREY
  • Current Owner 2: PEARLMAN ALEXANDRA
  • Previous Owner : HERRMANN KRISTIAN
  • Previous Owner 2: HERRMANN ERIN SWAN
  • Owner Before Previous Owner: BATRA MONICA RANI
  • Owner Before Previous Owner 2: THE MONICA RANI BATRA TRUST
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Community Property

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701602

Zoning

  • Zoning: SMR2*

Geography

  • Assessors Map Reference: 41-B5
  • Parcel: 4276-022-016
  • Block: 9
  • Lot: 15
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.033
  • Longitude: -118.477

    Address

  • Full Address: 1321 Chelsea Ave
  • Address - House Number: 1321
  • Address - Street Name: Chelsea
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C005
  • 4-Digit Zip Code: 2004
  • Zip Code: 90404

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $17,711
  • Tax Rate Code Area: 08-604

    Appraisal Valuation

  • Standard Deviation: 0.0678
  • Valuation Date: Aug 23, 2023
  • Confidence Score: 96
  • Final Value: 1,651,858
  • High Value: 1,764,003
  • Low Value: 1,539,713

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $1,487,500
  • First Open Lien Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Open Lien Mortgage Recording Date: Aug 25, 2023
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $1,487,500
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Sep 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,479,636
  • Assessed Land Value: $1,040,035
  • Assessed Improvements Value: $439,601

    Sales

  • Current Sale Contract Date: Jul 25, 2023
  • Current Sale Recording Date: Aug 25, 2023
  • Current Sale Transaction ID: 11911693013
  • Current Sale Price: $1,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 567039
  • Previous Sale Recording Date: Dec 14, 2018
  • Previous Sale Contract Date: Nov 16, 2018
  • Previous Sale Amount: $1,380,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: U.S. BANK NATIONAL ASSOCIATION
  • First Mortgage Transaction Date: Aug 25, 2023
  • First Mortgage Loan Amount: $1,487,500
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Sep 01, 2053

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: CITIBANK NA
  • Previous Mortgage Transaction Date: Dec 14, 2018
  • Previous Mortgage Financing Type: Adjustable Rate
  • Previous Mortgage Loan Amount: $1,104,000
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: ARM (Adjustable Rate Mortgage as of August, 2009)
  • Previous Mortgage Loan Due Date: Jan 01, 2049

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Frequently Asked Questions

What neighborhood is 1321 Chelsea Avenue located in?
The 1321 Chelsea Avenue is a located in the neighborhood of Mid-City in Mid-City, Santa Monica.
What is the average sales price for listings in 1321 Chelsea Avenue?
The average sales price for units in 1321 Chelsea Avenue is $0 currently.

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