Friday, October 31, 2008

Lots happening on 20th

Last year I got sticker shock from 333 20th that asked $5.095K (and sold for $5,100K). Even higher, 522 21st Place set the record on a north-south street east of 7th, quickly selling above its asking price of $4,995K on 3/21/07 for $5,200K.

Now trying for $5,495K, just listed yesterday, is this new 5 bed / 5.5 bath house at 402 20th Street. We saw its before and demolition last year, when it sold 2/14/07 for $2,350K. Seems to have the usual high-end stuff:

Prime corner lot in Gillette’s Regent Square. N of Montana. This 2-sty brand new home features hi ceilings, hwd floors & an open floor plan for perfect living. Enter thru grand entryway to spacious formal LR w/FP & FDR full of light. Gourmet kit has top-of-the-line appliances. Fam rm opens to lg bkyd. There are 4 bedrooms upstairs & a large office/bedroom downstairs. Each bedroom has a full bath. Master suite has hi ceilings, huge closets, FP & balcony.

Oh, it's "high ceilings" that make it worth $5.5M? And funny how they didn't mention the bus stop on the corner of Carlyle. (2502 Marguerita is also pushing the envelope, asking $5,625K since 10/1/08.)

At the opposite end (both price and geography) of 20th Street is 733 20th, 3 bed / 2 bath also on a 60-foot lot, asking $2,099K since 10/27/08.

Original storybook 1927 Spanish home in Gillette Regent Square. Charming 1-story 3 BR, 2BA with fireplace in living room and beautiful hardwood floors. Large yard with room for a pool. Loads of upside potential. Priced to Sell!!"

Finally, for those who keep commenting about double lots, 440 20th is a cleared double lot. I don't have any sales history, whether they were bought separately or have long been together.

14 comments:

Anonymous said...

is 440 on the market - it would be interesting to see what an 18 thousand square foot lot would sell for right now

it is a one of a kind property

Anonymous said...

Can we better understand the public school situation for those that buy on 20th street?

this street feeds kids in to the Franklin School -

can anyone whose kids go to Franklin tell me what % of the kids in Franklin live North of Montana and what % live South of Montana ?

just trying to get a better sense for this please

Anonymous said...

About 75% draw from south, the rest from north. Same is true of Roosevelt.

The only schools that draw nearly exclusively from 90402 are Canyon Charter (not in Santa Monica), and Cathorpe (private).

Anonymous said...

OK this is helpful

if we are talking about kids in grades 1-5 who live between montana and san vicente, what is the % breakdown in terms of where they go to school?

Let me make an estimate - there are 2500 houses between montana and san vicente. let's say 400 kids in that age range

of these 400 how many go to Roosevelt, how many go to Franklin and how many to others ?

Anonymous said...

Jeez, will you go do your own research and find out about the distribution of children?

Anonymous said...

i am doing my own research by asking my neighbors that post on this site

where else can i ask these questions

Latesummer2009 said...

370 22nd St went for $1.6M, in a better location than 733 20th. INMHO, then 733 20th St., on a busier street, close to Montana, but bigger lot goes for #1.5M.

Anonymous said...

"of these 400 how many go to Roosevelt, how many go to Franklin and how many to others ?"

About half and half (of those that go to public schools, which is probably only around half of the total population).

You can get a better idea of all this stuff by looking at the district map with borders between neighborhoods that the schools draw from on it.

Westside Bubble said...

This map (pdf) from a real estate agent website shows the border line between Roosevelt and Franklin schools is the alley between 14th and 15th.

Anonymous said...

ok so the best estimate we can come up with is 400 kids, of which 100 go to roosevelt, 100 go to franklin and 200 go to a mix of privates

Anonymous said...

What is the point of all these questions about the # of kids who go to what school?

Are you a private school shark trying to gauge business potential????

What is your interest here? I am guessing you are trawling for info for your own business purposes....

Anonymous said...

I am just a parent considering options for my kid.

real estate is related to schooling

Anonymous said...

Anybody got any scoop on the 2 charter schools in the city? Edison immersion and SMASH?

Heard you can get out of district kids in to these two campuses with a permit.

Do you need to live in SM?

edge said...

440 has always been a double lot for as long as I can remember.