925 17th St., #1, Santa Monica, CA 90403 – Transaction Details

Date: April 13, 2021
Property Type: 3 Bedroom, 2.5 Bathroom, 1,594 Square Foot Townhome
Purchase Price: $1,500,000
Year Built: 1988
Description:  Assisted first-time homebuyers with securing a fantastic townhome in the highly desirable 90403 zip code of Santa Monica.

925 17th St., #1, Santa Monica, CA 90403 – Transaction Summary

After exploring markets in Santa Monica, Mar Vista, and West LA, our first-time home buyer clients weighed the options and ultimately decided that a townhome in Santa Monica, where they were currently living, was the best option for them.  Patience was the key after that, as we searched for the perfect townhome amidst low supply and high demand, in the highly desirable Franklin Elementary school district of 90403.  When that opportunity arose, our clients were prepared and educated enough about the market to move quickly and aggressively enough to avoid a bidding war.  We submitted a strong offer on the first day of showings, with a short expiration period, which was enticing enough for the seller to accept without bothering to solicit offers from other buyers over the weekend.  What followed was an extremely quick and smooth escrow period, with our buyers’ loan already fully underwritten prior to even submitting their offer.  Even after identifying some electrical issues during the inspection period, we were able to negotiate a credit for our clients to replace the electrical panel and fix some electrical wiring issues.  Now, our clients are the proud owners of this spacious townhome in Santa Monica.

Additional information and pictures can be found here.

For more information on this transaction or to discuss any other questions you may have concerning the Santa Monica real estate market, contact Esquire Real Estate Brokerage, Inc. at 213-973-9439 or info@esquirereb.com.

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