See Home Value
$12,600,000 - $15,400,000
House - Off Market

520 Marguerita Ave

Santa Monica, CA 90402
bedrooms
6 Beds
bathrooms
6.5 Baths, 1 Half Bath
square feet
7689 Sqft
Sold Oct 14, 2020
$5,750,000
$3,450,000 by Wells Fargo Bank Na
Mortgage Due Nov 01, 2050
Sold Aug 21, 2018
$6,900,000

About This Property

Fantastic opportunity to purchase your New Construction Dream Home, or get a jump start and takeover the existing project now! Available to purchase now at its current stage of construction for $7,900,000 and finish on your own to fully customize! The budget to finish the project as currently designed is approximately $4,200,000. This includes pool, landscaping & current deposits already paid for many items. The only item not included in the completion is the equipment for the home theater. This incredible estate consists of a 3-level main house that will be almost 7,700 sqft plus a detached 1,172 ADU/Guest House with kitchen! Situated on an impressive 12,149 sqft lot with a beautiful pool, West of 7th! There is no better location North of Montana! The Contemporary Transitional home consists of 6 bedrooms and 6.5 baths plus a home theater & gym. The well-designed floorplan allows 4 en-suite bedrooms upstairs; a main level with office/6th bedroom, enormous open-concept great room and professional grade kitchen; all opening to the sprawling backyard; and lower entertaining level with all the bells & whistles! Above the 3-car garage a large guest house completes this sophisticated estate. The choice is yours! Have this dream compound completed for you, or purchase at $7,900,000 now and finish on your own with almost 1/3 of the expenses already paid! Plans and budget available to serious buyers.

The manager has listed the unit size as 7689 square feet.
Unit Size
7,689Ft²
Days on Market
-
Land Size
0.28 acres
Price per sqft
$1,821
Property Type
House
Property Taxes
-
HOA Dues
-
Year Built
1968

Price History

Date / Event Date Event Price
Dec 15, 2023 No longer available -
No longer available
Jul 21, 2023 Listed $14,000,000
Listed
Oct 14, 2020 Sold to Michael Charles Hopkins, Sh... $5,750,000
Sold to Michael Charles Hopkins, Sh...

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 1968
  • Effective Year Built: 1968
  • Building Count: 1
  • Total Rooms: 12
  • Bedroom Count: 4
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Condition: Fair
  • Building Quality: C
  • Construction Type: Wood
  • Building Style: Contemporary
  • 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
  • Pool Type: Pool

    Dimensions

  • Lot Size Square Feet: 12,149
  • Lot Size Depth Feet: 2,200
  • Lot Size Frontage Feet: 550
  • Total Building Area: 2,910
  • Building Area: 2,910
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Fireplace Count: 1
  • Air Conditioning: unknown
  • Heating: Central heating
  • Heated Square Feet: 2,910
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: THE PALISADES TRACT
  • Land Acres: 0.279
  • Standard Land Use Code: Single family residential
  • Legal Description 1: THE PALISADES SW 55 FT (MEASURED ON NW AND SE LINES) OF LOT/SEC 7 BLK/DIV/TWN F

Ownership

  • Current Owner : HOPKINS MICHAEL CHARLES
  • Current Owner 2: HOPKINS SHERI LYNN
  • Previous Owner : JONES JOSEPH
  • Previous Owner 2: KAU TWEENY
  • Owner Before Previous Owner: LEVY SHARON SETTLES
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 701304

Zoning

  • Zoning: SMR1*

Geography

  • Assessors Map Reference: 40-E5
  • Parcel: 4293-009-038
  • Block: F
  • Lot: 7
  • Municipality: WEST /SANTA MONICA
  • Latitude: 34.0284
  • Longitude: -118.506

    Address

  • Full Address: 520 Marguerita Ave
  • Address - House Number: 520
  • Address - Street Name: Marguerita
  • Address - Suffix Type: Ave
  • State: CA
  • City Name: Santa Monica
  • Carrier Code: C010
  • 4-Digit Zip Code: 1918
  • Zip Code: 90402

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $69,469
  • Tax Rate Code Area: 08-604

    Appraisal Valuation

  • Standard Deviation: 0.2351
  • Valuation Date: Feb 14, 2024
  • Confidence Score: 67
  • Final Value: 7,511,712
  • High Value: 9,277,825
  • Low Value: 5,745,599

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $3,450,000
  • First Open Lien Mortgage Lender: WELLS FARGO BANK NA
  • First Open Lien Mortgage Recording Date: Oct 14, 2020
  • First Open Lien Mortgage Financing Type: Adjustable Rate
  • First Open Lien Mortgage Loan Amount: $3,450,000
  • 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: Nov 01, 2050

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,982,300
  • Assessed Land Value: $4,785,840
  • Assessed Improvements Value: $1,196,460

    Sales

  • Current Sale Contract Date: Sep 14, 2020
  • Current Sale Recording Date: Oct 14, 2020
  • Current Sale Transaction ID: 11792204767
  • Current Sale Price: $5,750,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 20-1270761
  • Previous Sale Recording Date: Aug 21, 2018
  • Previous Sale Contract Date: Aug 13, 2018
  • Previous Sale Amount: $6,900,000
  • Previous Sale Document Type: Grant Deed

    Last Sale Mortgage

  • First Mortgage Lender: WELLS FARGO BANK NA
  • First Mortgage Transaction Date: Oct 14, 2020
  • First Mortgage Loan Amount: $3,450,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Nov 01, 2050

    Financing

  • First Mortgage Financing Type: Adjustable Rate



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
6 Beds
9 Baths
6,944 ft²
$2,159/ft²
$14,995,000 Jun 27, 2023
-
-

About North of Montana


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Frequently Asked Questions

When was property at 520 Marguerita Avenue built and last sold?
The property at 520 Marguerita Avenue was built in 1968 and last sold on Sep 14, 2020 for $5,750,000.
How much is this home worth?
The estimated value of the home located at 520 Marguerita Avenue is $14,140,000.
What are some comparable homes to 520 Marguerita Avenue?
There are currently no comparable homes to 520 Marguerita Avenue.

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