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248 24th Street

248 24th Street, Santa Monica, CA 90402
Sold Dec 17, 2021
$8,315,000
$4,989,000 by Wells Fargo Bank Na
Mortgage Due Jan 01, 2052
Sold Sep 27, 2019
$3,500,000
$4,842,400 by Bank Of The Sierra
Mortgage
Local assessors in Santa Monica, CA have categorized 248 24th Street as a residential type of property. The home was built in 1961 and is 63 years old. The property's lot size has been calculated to be 8,690 square feet. The linear feet between the front and back of the lot was measured at 1,450 ft and the front of the lot was measured at 600 ft. Sharp-eyed aficionados of architecture will notice that the home on the property was built in a colonial style. Now, let's dive a bit deeper into the details surrounding the home on the property. There are 15 rooms in the home. Of these, 5 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 4 full bathrooms. There are also 4 partial bathrooms. This is a 2 story home so residents will need to have climb at least one set of stairs on a daily basis. If we look only at the heated or air conditioned part of the building, then 248 24th Street has a total of 3,004 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. Additional features on the property are as follows. There is a attached garage for those who need a place to park their vehicle. There is only one available parking space, so if you need more, you may need to find some alternatives. In addition, there is a pool on the property. Perfect for those who want to host pool parties over the summer. Moving onto specific details regarding the building. Our sources show that the building condition is excellent. 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 - D. The building has a hip 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 a central 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. The property was last sold in Nov 30, 2021 for $8,315,000. That's $2,767.98 per sqft. Prior to that sales transaction, the property was also sold in Jul 24, 2019 for $3,500,000. 248 24th Street was last assessed in 2023. The total value of the property was assessed at $8,481,300. Specifically, the land the property is located on was valued at $7,140,000. While improvements on the property were assessed at a total of $1,341,300. 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 $97,936. As you can see, there are a lot of things to consider when purchasing a home. For example, have you evaluated your own Debt-To-Income ratio (DTI) and understood how this may impact the number of loan options you have access to? Don't worry, we'll cover the basics such as what a DTI ratio is, how to calculate yours, what most lenders consider to be an ideal ratio, and also provide our tips on how you can improve your score if it is on the higher side. 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.

Building Features

Parking

Garage Parking
This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1961
  • Effective Year Built: 1961
  • Building Count: 1
  • Total Rooms: 15
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Excellent
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Colonial
  • Exterior Walls Type: Stucco
  • Roof Shape Type: Hip
  • Roof Cover Type: Wood shake/ shingles
  • Floor Count: 2
  • Living Units: 1
  • Basement Area: 0
  • Garage Type: Attached
  • Parking Space Count: 1
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 8,690
  • Lot Size Depth Feet: 1,450
  • Lot Size Frontage Feet: 600
  • Total Building Area: 3,004
  • Building Area: 3,004
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 3,004
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 1676
  • Land Acres: 0.2
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 1676 LOT/SEC 2 BLK/DIV/TWN O

Ownership

  • Current Owner : TOWNSEND ADAM
  • Current Owner 2: TOWNSEND ELIZABETH
  • Previous Owner : SM DEVELOPERS LLC
  • Owner Before Previous Owner: PRINDLE JOHN
  • Owner Before Previous Owner 2: DAVIS GLEAM
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Family Revocable Trust

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701201

Zoning

  • Zoning: SMR1*

Geography

  • Assessors Map Reference: 41-A3
  • Subdivision Tract Number: 1676
  • Parcel: 4278-015-003
  • Block: O
  • Lot: 2
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0462
  • Longitude: -118.493

    Address

  • Full Address: 248 24th St
  • Address - House Number: 248
  • Address - Street Name: 24th
  • Address - Suffix Type: St
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C018
  • 4-Digit Zip Code: 2516
  • Zip Code: 90402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $97,936
  • Tax Rate Code Area: 08-604

    Appraisal Valuation

  • Standard Deviation: 0.2233
  • Valuation Date: Aug 04, 2023
  • Confidence Score: 69
  • Final Value: 4,678,989
  • High Value: 5,724,266
  • Low Value: 3,633,713

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $4,989,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Dec 17, 2021
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $4,989,000
  • 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: Jan 01, 2052

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $8,481,300
  • Assessed Land Value: $7,140,000
  • Assessed Improvements Value: $1,341,300

    Sales

  • Current Sale Contract Date: Nov 30, 2021
  • Current Sale Recording Date: Dec 17, 2021
  • Current Sale Transaction ID: 11875011736
  • Current Sale Price: $8,315,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-1879934
  • Previous Sale Recording Date: Sep 27, 2019
  • Previous Sale Contract Date: Jul 24, 2019
  • Previous Sale Amount: $3,500,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Dec 17, 2021
  • First Mortgage Loan Amount: $4,989,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Jan 01, 2052

    Financing

  • First Mortgage Financing Type: Adjustable Rate

    Previous Mortgages

  • Previous Mortgage Lender: BANK OF THE SIERRA
  • Previous Mortgage Transaction Date: Sep 27, 2019
  • Previous Mortgage Financing Type: Variable
  • Previous Mortgage Loan Amount: $4,842,400
  • Previous Mortgage Term: 360
  • Previous Mortgage Loan Type: Building or Construction Loan

About North of Montana



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Frequently Asked Questions

What neighborhood is 248 24th Street located in?
The 248 24th Street is a house located in the neighborhood of North of Montana in North of Montana, Santa Monica.
What is the average sales price for listings in 248 24th Street?
The average sales price for units in 248 24th Street is $0 currently.

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