1731 Franklin Street

Local assessors in Santa Monica, CA have categorized 1731 Franklin Street as a residential type of property. The home was built in 1945 and is 79 years old. The property's lot size has been calculated to be 6,021 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, 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 are 5 full bathrooms. There are also 5 partial bathrooms. If we look only at the heated or air conditioned part of the building, then 1731 Franklin Street has a total of 2,355 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. 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 - C. Residents rely on air conditioning for their cooling system. The home's floor/wall heating system is the primary heating source. The property was last sold in Nov 17, 2023 for $2,500,000. That's $1,061.57 per sqft. Prior to that sales transaction, the property was also sold in Oct 23, 2018 for $1,405,000. 1731 Franklin Street was last assessed in 2023. The total value of the property was assessed at $1,506,441. Specifically, the land the property is located on was valued at $1,286,641. While improvements on the property were assessed at a total of $219,800. 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 $18,685. If possible, try to put down at least 20% towards the down payment during your home purchasing process. While you may be able to buy a home with less than a 20% down payment, your lender may then require you to pay for a private mortgage insurance (PMI). PMI protects the lenders and lowers their financial risk in case the borrower defaults. Generally, you'll need to pay more PMI when your total loan amount is higher. However, certain factor such as your credit score, loan type, loan term, and loan-to-value ratio can all impact your PMI as well.