222 7th Street 301, Santa Monica, California 90402, Santa Monica, 90402 - 3 bed, 3 bath

222 7th Street 301, Santa Monica, California 90402 home-pic-0
ACTIVE$1,494,000
222 7th Street 301, Santa Monica, California 90402
3Beds
3Baths
1,460Sqft
25,062Lot
Year Built
1974
Close
-
List price
$1.49M
Original List price
$1.53M
Price/Sqft
$1,023
HOA
$740
Days on market
-
Sold On
-
MLS number
25513743
Home ConditionFair
Features
Good View: City Lights, Park/Greenbelt
Deck
ViewCity Lights,Park/Greenbelt

About this home

We found 3 Cons,6 Pros. Rank: price - $1.49M(50th), sqft - 1460(64th), beds - 3(79th), baths - 3(79th).

Extraordinary 3 bedroom condo in the prestigious North of Montana neighborhood of Santa Monica. Located on the top corner floor which encompasses views of the vibrant cityscape, and the tree lined street. The condo offers a sophisticated and spacious layout designed for modern living. Bathed in natural light and the expansive living room seamlessly flows onto a private balcony, presenting the breathtaking view. The corner window is the perfect setting for the dining room and kitchen. Near the entrance is a bedroom en-suite half bath and across the hallway is a storage closet, bathroom and a large bedroom. Adjacent is the primary ensuite bedroom with large closets and a makeup vanity. Vista Palisades embodies the perfect blend of elegance and convenience by being moments away from the charming Montana Avenue shops, Palisades Park, iconic Santa Monica Stairs, 3rd Street Promenade, Brentwood Country Mart and beach that defines this sought-after coastal enclave. The building offers an elevator, gym, billiards room, recreation room, and security door with intercom. HOA covers water, trash, and earthquake insurance. HOA reserves already been allocated for SB 326, and work is being completed in stages. Two parking spaces side by side. Truly offers the perfect blend of coastal living and urban convenience.

Nearby schools

8/10
Roosevelt Elementary School
Public,K-50.5mi
9/10
Franklin Elementary School
Public,PK-51.4mi
5/10
Brentwood Science School
Public,K-52.3mi
8/10
Lincoln Middle School
Public,6-81.1mi
8/10
Santa Monica High School
Public,9-122.0mi

Price History

Date
Event
Price
02/18/22
Sold
$1,459,000
02/07/20
Sold
$1,100,000
Condition Rating
Fair

Built in 1974, this condo presents a mixed bag of updates. The main living areas feature modern light wood-look flooring, recessed lighting, and fresh paint, giving a contemporary feel. The modern glass-enclosed shower also appears updated. However, the primary bathroom's vanity area is significantly dated with small white tiled countertops, extensive mirrored walls, gold-toned fixtures, and notably, carpeted flooring. This particular bathroom would require immediate and substantial renovation to meet current standards and buyer expectations, preventing the property from achieving a 'Good' rating despite other updated elements.
Pros & Cons

Pros

Great Schools: Elementary School: Franklin Elementary School (9/10).
Prime North of Montana Location: Situated in the highly prestigious North of Montana neighborhood, offering unparalleled access to upscale shops, parks, and the beach, embodying coastal living and urban convenience.
Top Corner Unit with Views & Light: As a top-floor corner unit, it benefits from abundant natural light, a sophisticated and spacious layout, and captivating views of the cityscape and tree-lined streets, enhanced by a private balcony.
Comprehensive Building Amenities: The building provides a range of desirable amenities including an elevator, gym, billiards room, recreation room, and secure intercom entry, enhancing resident lifestyle and convenience.
Proactive HOA Management: The HOA covers essential utilities (water, trash) and earthquake insurance, with reserves already allocated for SB 326 compliance, indicating sound financial management and reduced future assessment risk.
Valuable Side-by-Side Parking: The inclusion of two side-by-side parking spaces is a significant advantage in a dense urban area like Santa Monica, offering convenience and added value.

Cons

Building Age: Constructed in 1974, the building is older, which may lead to concerns about potential future maintenance or the need for updates to common areas, despite the unit's modern description.
High Monthly HOA Dues: The $740 monthly HOA fee is substantial and could be a deterrent for some buyers, impacting overall affordability and the property's competitive positioning.
Recent Price Reduction: The property has undergone a price reduction from its original list price, which might suggest initial overpricing or a slower-than-anticipated market response, potentially indicating a need for further market adjustments.

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