927 Ocean Avenue

927 Ocean 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 1922 and is 102 years old. The home has a total of 12 bedrooms. Residents will have access to 12 full bathrooms. There are 12 partial bathrooms in the home. The building has a total of 2 stories. In addition, 927 Ocean Avenue has 7,876 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The area measurement of the land has been determined as 7,509 square feet.

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 garage for those who require parking. The garage measured 900 sqft. 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 B by the local assessor. The building has a flat style roof made of roll composition. The exterior walls of the building are made of stucco. The inside of the home is being cooled with air conditioning at the moment. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 927 Ocean Avenue sold most recently in Aug 26, 2021 for a total of $90,000. If you work out the math, that's approximately a cost of $11.43 per sqft. Before that, the property was also sold for $8,000,000 in Jan 20, 2017. There could be many factors that caused the property to sell at a lower price and decrease in value. Tax-wise, the current owner is expected to pay close to $35,599 in taxes each year. 927 Ocean Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $2,938,620. If we break it down further, the land itself was valued at $1,837,020. Improvements to the property, however, were assessed at a total of $1,101,600. The property's total assessed value has been marked as more than the total market value which is pretty atypical. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!