Santa Monica North of Montana 90402 18.7% Prime Lot Value Rollback on desirable 24th st

18.7% Prime Lot Value Rollback in GRS 90402

Address: 365 24th – 90402

Details: Tear-down on a prime, 8,700 sq ft lot

Description: Teardown /Major Fixer on Prime 8700 Sq ft lot well positioned on the blk on one of the Most beautiful tree lined Street N of Montana. Restore this original Spanish or start anew either way you look at you will end up a great house in a fabulous location!!! Please see private remarks for further instruction for showings/presenting offers.

Previous Purchase: 5/3/06 – $2,337,500

Listing History: 5/4/10 – $2,500,000

SOLD: 11/4/10 – $1,900,000

This is a case where some old holder nearly top-ticked the market and sold a tear-down to either a spec builder or someone who wanted to build a house for themselves. We now see a decline of nearly 19% for what I think is unquestionably a very well located, zero location discount lot.

SOLD $1,900,000 prime lot value for a 60 ft wide lot. Franklin schoold district.
Do you think this was a good deal ?

Posted on Santa Monica Real Estate-Santa Monica Homes For Sale

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