Old listings back from the dead

The week or two before Halloween a number of old Santa Monica listings came back from the dead.

First is 750 Navy St. (photo above), a 2 bed / 1.5 bath "brownstone" "greenstucco" originally listed 3/3/08 for a whopping $1,900K. Expired later that month, it reappeared 8/27/08 for $1,699K, then reduced to $1,499K 10/08, and withdrawn 12/9/08. We last featured it on 5/9/08. Now it's ba-ack on 10/28/09 as an REO for $979K, 48% off original list.

"REO, Newer construction Ocean Park condo alternative. Built in the last few years, reminiscent of a San Francisco rowhouse. This is not your typical run down REO. This house has just been completely "fixed" by lender. Downstairs includes an open kitch w/ new stainless steel appliances & granite counters, living/dining area & 1/2bath. Upstairs are 2 full bedrooms w/ dark wood floors & vaulted ceilings & a lrg, opulent bath w/ great soaking tub & beautiful shower. Attached 2 car garage."

Just down the street at 804 Navy (photo added) is a 3 bed / 3 bath house originally listed 8/4/08 for $1,300K. Withdrawn 10/28/08, it was relisted 11/5/08 for $1,289K, reduced three times, finally to $1,099K, and expired in 4/09. It's back as of 10/28/09 for the same $1,099K (sigh). Gee, they don't tell you about the view of Lincoln Blvd. from the rooftop deck:

"804 Navy Ave was built in 2008. each bedroom and bathroom was done with it's own intricate design. No expense was spared . Kitchen comes complete with Chef's Viking appliances, Stone counters, ceramic tile backsplash, and custom design cabinets.There are hardwood floors throughout. From the third floor walk out onto the rooftop deck perfect for entertaining, complete with BBQ, fireplace, plenty of room for seating and city views. Excellent value."

Way back on 11/28/07 we featured the 4 bed / 4 bath house at 2222 Marine (corner of 23rd below the airport, #6 on the airport impact zone map) that shouted:

"ANOTHER HUGE PRICE REDUCTION... THIS SELLER IS SERIOUS."

I wrote then, "Really? Originally listed 5/17/07 for $1,975K, reduced to $1,775K in October, we're to believe a new $50K reduction to $1,725K is HUGE and SERIOUS?"

Now here we are, nearly two years later. It left the market 12/07, was relisted 8/21/08 for $1,690K, reduced 1/09 to $1,450K, expired in July, and is now relisted a third time on 10/20/09 for $1,399K (29% off their original price), pitched as a home office:

"Great Home Office. Has 4 bedrooms, 4 Baths on 4 levels. Large corner lot. Spacious master has vaulted ceilings, wall of windows facing high nature views, huge W/I closet, fireplace, balcony & bonus room. Double vanity with spa tub in master bath. In-Law suite has separate entrance, en suite with spa tub and kitchen. Family room has a fireplace & balcony, living room has a fireplace. Balcony off the kitchen. Don't miss this!"



The 3 bed / 2 bath 2507 California Ave. also claimed to be "PRICED TO SELL" when listed 11/12/08 for $1,599K. They rather exaggerated, and it was withdrawn unsold 2/26/09. It came back 10/30/09, reduced 14% to $1,375K, again claiming "PRICED TO SELL":

"PRICED TO SELL! VINTAGE 1929 SANTA MONICA BEAUTY IN FRANKLIN SCHOOL DISTRICT NORTH OF WILSHIRE! IMMACULATELY MAINTAINED WITH ORIGINAL INTEGRITY AND DETAIL. HIGH COVED CEILINGS, HARDWOOD FLOORS AND CROWN MOLDINGS. WONDERFUL PRIVATE YARD WITH FRUIT TREES. 1/2 BLOCK TO DOUGLAS PARK. CLOSE TO MONTANA SHOPS & RESTAURANTS. DO NOT MISS THIS OPPORTUNITY. EVEN A BASEMENT FOR TONS OF STORAGE. THEY DON'T BUILD THEM LIKE THIS ANYMORE. CLASSIC! HURRY!"

Finally is 527 7th St. , a 2 bed / 1 bath lot-value property originally listed 5/12/08 for $1,799K. Relisted 1/23/09 for $1,690K, it was cancelled 4/09. Now it was listed a third time on 10/14/09. You'd think they'd recognize the last price was too high to sell, but nooo, it's again asking $1,690K - with plans this time - still questionable when new houses aren't selling and better houses on not-busy streets sold this year for $1,600K.

"Charming 1920's Spanish; great opportunity north of Montana. Move right in or build your dream home. Hardwood floors, updated kitchen, recessed lighting, central heat & AC, private grassy yard, bright lot, great sunlight. Plans for a 5 bedrooms, 5.5 baths, apx 4,200 sq ft Mediterranean single-story, plus finished guest sub terrain level! Great location 2 blocks from the park over the Ocean, and one block from Montana Avenue's shops, cafes and restaurants!. City approved plans included for 4,200 square ft. new home. ARCHITECTURAL PLANS, PLOT PLANS, ENGINEERING DRAWINGS, AND GEOLOGICAL REPORTS."