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1503 Bay Street

1503 Bay Street, Santa Monica, CA 90405
Property in Sunset Park
Refi May 16, 2003
Transfer
$278,000 by Home Loan Funding Inc
Mortgage Due Jun 01, 2033
Local assessors in Santa Monica, CA have categorized 1503 Bay Street as a residential type of property. The home was built in 1944 and is 80 years old. The property's lot size has been calculated to be 7,378 square feet. The linear feet between the front and back of the lot was measured at 1,270 ft and the front of the lot was measured at 580 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a conventional style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 6 rooms in the home. Of these, 3 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 is one full bathroom. There is also a partial bathroom. 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 1503 Bay Street has a total of 1,022 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. There is only one available parking space, so if you need more, you may need to find some alternatives. 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. The building has a gable style roof that was made of wood shake/ shingles. Lots of stucco were used in the construction of the exterior walls of the home. The home's floor/wall heating system is the primary heating source. There is a single fireplace in the home which may result in additional cleaning fees for the homeowner. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Current property owners are expected to pay $1,318 in taxes per year. The property on 1503 Bay Street was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $83,982. To break that down further, the land itself was valued at $62,436. While improvements to the property were assessed at a total of $21,546. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Are you already in the process of closing on a property and have signed a purchase agreement? You may want to consider locking in your current mortgage rate if interest rates have been rising or seem volatile. This is what's known in the market as a mortgage rate lock (aka rate protection). However, be sure to evaluate your situation carefully before you do so. There may be certain costs associated with taking this action and you'll want to time the start of your perfectly!This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1944
  • Effective Year Built: 1944
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 1
  • Full Bathrooms: 1
  • Partial Bathrooms: 1
  • Building Quality: B
  • Construction Type: Wood
  • Building Style: Conventional
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Gable
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 1

    Dimensions

  • Lot Size Square Feet: 7,378
  • Lot Size Depth Feet: 1,270
  • Lot Size Frontage Feet: 580
  • Total Building Area: 1,022
  • Building Area: 1,022
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Floor/wall
  • Heated Square Feet: 1,022
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 11821
  • Land Acres: 0.169
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT # 11821 LOT/SEC 1 BLK/DIV/TWN A

Ownership

  • Ownership Rights Codes: Trust
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 702201

Zoning

  • Zoning: SMR1*

Geography

  • Assessors Map Reference: 49-B1
  • Subdivision Tract Number: 11821
  • Parcel: 4284-034-009
  • Block: A
  • Lot: 1
  • Municipality: WEST /SM/OCEAN PARK
  • Latitude: 34.0161
  • Longitude: -118.475

    Address

  • Full Address: 1503 Bay St
  • Address - House Number: 1503
  • Address - Street Name: Bay
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C030
  • 4-Digit Zip Code: 1611
  • Zip Code: 90405

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,318
  • Tax Rate Code Area: 08-004

    Appraisal Valuation

  • Standard Deviation: 0.2306
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 68
  • Final Value: 1,397,911
  • High Value: 1,720,301
  • Low Value: 1,075,521

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $278,000
  • First Open Lien Mortgage Lender: HOME LOAN FUNDING INC
  • First Open Lien Mortgage Recording Date: May 16, 2003
  • First Open Lien Mortgage Loan Amount: $278,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2033

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $83,982
  • Assessed Land Value: $62,436
  • Assessed Improvements Value: $21,546

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Frequently Asked Questions

What neighborhood is 1503 Bay Street located in?
The 1503 Bay Street is a located in the neighborhood of Sunset Park in Sunset Park, Santa Monica.
What is the average sales price for listings in 1503 Bay Street?
The average sales price for units in 1503 Bay Street is $0 currently.

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