A freeway foreclosure in Santa Monica

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Yes, Virginia, there are foreclosures in Santa Monica. They are even priced to sell. But you’ve got to really want that Santa Monica address.

This one is particularly weird, as it combines a pie-shaped lot jammed up against the soundwall of the 10 freeway and $580,000 price cut from a bizarrely high peak sales price in 2006. Read all about it at Westside Bubble, which links to SM Distress Monitor.

Details from the Redfin listing for 3121 Urban Avenue: A 1,475 square foot, 2-bedroom, 2-bath, in foreclosure and on the market for 43 days. Current asking price: $809,900. Peak sales price: $1.39 million in September 2006.

I swung by this morning to check it out, as there is a little tiny part of my brain that wants to look at every cheap house in Santa Monica. You could hit a sand wedge from this house onto the 10 freeway, even if you are not a long hitter. If you go stand in the middle of Urban Avenue in front of the house and look east, you’ll see the freeway curving into your vista.

Here’s the description, from SM Distress Monitor: ‘Bank owned! Fantastic opportunity to own an updated home in Santa Monica. Updated gourmet kitchen with granite counter tops and travertine floors. Italian tile in updated bathrooms with designer fixtures. This open floor plan is flooded with natural light and perfect for entertaining. Mostly wood floors. There is a den off the living room with a fireplace. Great price and great area.’

Like I said, you’ve really got to want that Santa Monica address.

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Hat tip: I.E. in comments, and several others in comments and e-mails.
Photo Credit: LA Land