697 Bay Street, Santa Monica, California 90405, Santa Monica, 90405 - 2 bed, 2 bath
ACTIVE$890,000
697 Bay Street, Santa Monica, California 90405
2Beds
2Baths
850Sqft
20,367Lot
Year Built
1963
Close
-
List price
$890K
Original List price
$955K
Price/Sqft
$1,047
HOA
$600
Days on market
-
Sold On
-
MLS number
25530887
Home ConditionExcellent
Features
Pool
Spa
Patio
View
About this home
We found 3 Cons,5 Pros. Rank: price - $890.0K(33th), sqft - 850(27th), beds - 2(50th), baths - 2(50th).
Wonderful Santa Monica location, just 6 blocks from the beach, short walking distance to Main St. & shops & restaurants. Great neighborhood. A totally renovated 2 BDRM w/ kitchen area & open bar counter, dining area with large bay window & refinished hardwood floors in this beautiful bright upper-level 2BD + 1 1/2 BA condo. The unit offers a stackable washer/dryer, private patio area, 2 spaces in a covered parking structure with additional storage. Pool, spa, tennis court & community deck facing large patio area which includes barbecues & umbrellaed tables. HOA ($600) includes Spectrum Wi-Fi, TV & Water.
Price History
Date
Event
Price
11/22/16
Sold
$745,000
07/21/94
Sold
$145,000
Condition Rating
Excellent
Despite being built in 1963, the property has been 'totally renovated' as stated in the description, which is strongly supported by the images. The kitchen features modern white shaker cabinets, stainless steel appliances, contemporary countertops, and a subway tile backsplash. Both bathrooms are fully updated with modern vanities, fixtures, and tiling. Refinished hardwood floors are present throughout, and recessed lighting contributes to a modern aesthetic. All visible components appear new or virtually new, meeting current quality standards and indicating a recent, comprehensive renovation.
Pros & Cons
Pros
Exceptional Coastal Location: Situated just 6 blocks from Santa Monica Beach, offering easy walking access to Main Street's vibrant shops and restaurants, enhancing lifestyle and property value.
Modern & Renovated Interior: The unit boasts a totally renovated kitchen with an open bar counter, a dining area with a large bay window, and refinished hardwood floors, providing a bright and contemporary living space.
Comprehensive Community Amenities: Residents benefit from access to a pool, spa, tennis court, and a community deck with barbecues and umbrellaed tables, offering resort-style living.
Convenient In-Unit & Parking Features: Includes a stackable washer/dryer, a private patio, two covered parking spaces, and additional storage, adding significant convenience and utility.
HOA Value Inclusions: The $600 HOA fee covers essential services such as Spectrum Wi-Fi, TV, and water, simplifying monthly expenses for residents.
Cons
High Monthly Homeowners Association (HOA) Fee: The $600 monthly HOA fee is substantial and represents a significant ongoing cost for potential buyers.
Compact Living Space: At 850 square feet, the 2-bedroom unit offers relatively limited living space, which may be a consideration for buyers seeking more expansive accommodations.
Recent Price Reduction: The property has seen a reduction from its original list price of $955,000 to $890,000, which could suggest initial overpricing or a longer market time.