425 Marguerita Avenue

425 Marguerita Avenue has been categorized by the local assessors in Santa Monica, CA as a residential type of property. The building on the property was first built in 1923 and is 101 years old. However, we must point out that the home was most recently renovated and altered in 1945. The home has a total of 13 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 5 full bathrooms. There are 5 partial bathrooms in the home. The building has a total of 2 stories. In addition, 425 Marguerita Avenue has 4,257 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,160 ft and across the front of the lot is 980 ft. The area measurement of the land has been determined as 21,230 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a Tudor style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. For the features and amenities located on the property. There is a detached garage for those who require parking. According to our sources, there is one available parking space. Love to swim? You'll be excited to find out that there is a pool on the property. Moving on to the building itself. The condition of the building has been evaluated as average. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The roof of the building is made of composition shingle. The exterior walls of the building are made of stucco. In terms of heating, it is utilizing a central heating system. There is a single fireplace in the home. Perfect for those wintery nights. Finally, the property is currently sourcing its water from a municipal system. The property was last sold in Apr 7, 2022 for $10,000,000. That's $2,349.07 per sqft. Prior to that sales transaction, the property was also sold in Nov 23, 2021 for $10,000,000. 425 Marguerita Avenue was last assessed in 2023. The total value of the property was assessed at $10,200,000. Specifically, the land the property is located on was valued at $8,160,000. While improvements on the property were assessed at a total of $2,040,000. 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 $21,939. 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.