$1,253,000 - $1,369,000
RENTED SEP 6, 2024

2940 Neilson Way Unit 302 Santa Monica, CA 90405

Ocean Park Neighborhood
1 Bed
2 Baths
1,081 Sq Ft
$1,217 Price per Sq Ft

Last Sold June 18, 2021

Last sale price $1,145,000 $1,059 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $8,557/month

About This Home

As of June 2021

Negotiable lease term. Furniture can be provided. Ocean view/ocean facing condo in premier beachfront location. Fully renovated with the finest materials. Sleep to the sound of waves crashing, wake up to the sight of the ocean. Feel the ocean breeze from your living room, watch the sunset from your couch. Walk out the side gate and you’re at the beach, walk out the lobby and you’re at the coffee shop and restaurants. Exercise using the on-site gym, hop in a dry sauna, sit in the hot tub. Entertain your guests by the pool and in the adjacent party room. Multiple gardens throughout, 24 hour security, free guest parking, and more. This unit has been fully renovated and everything in it is brand new. Real wood flooring, stone countertops, custom-built soaking tub with shower, highest quality custom cabinets, top of the line central air/heat, brand new appliances including in-unit washer/dryer, matching fixtures and hardware, recessed lighting, remote control blinds, and more. Come see for yourself and enjoy living in luxury at one of the best locations in the world. Unit includes two reserved parking spaces in gated subterranean garage and two reserved bike spaces in the bike room.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 5, 2021
Sold by
Cusumano Justin Daniel
Bought by
Cusumano Justin and Justin Cusumano Living Trust
Current Estimated Value
$1,315,272

Purchase Details

Listed on
Apr 29, 2021
Closed on
May 24, 2021
Sold by
Nicholson Stephen A and Nicholson Carol E
Bought by
Cusumano Justin Daniel
Seller's Agent
Randi Pollock
Equity Union
Buyer's Agent
Randi Pollock
Equity Union
List Price
$1,150,000
Sold Price
$1,145,000
Premium/Discount to List
-$5,000
-0.43%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.67%
Original Mortgage
$850,000
Outstanding Balance
$777,899
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$537,373

Range of Values:

Collateral Analytics

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ICE

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cusumano Justin -- None Available
Cusumano Justin Daniel $1,145,000 Lawyers Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cusumano Justin Daniel $850,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/06/2024 09/06/24 Rented $6,000 0.0% --
08/19/2024 08/19/24 For Rent $6,000 0.0% --
08/18/2024 08/18/24 Off Market $6,000 -- --
08/05/2024 08/05/24 Price Changed $6,000 -7.7% $6 / Sq Ft
07/29/2024 07/29/24 Price Changed $6,500 -7.1% $6 / Sq Ft
07/16/2024 07/16/24 For Rent $7,000 0.0% --
06/18/2021 06/18/21 Sold $1,145,000 -0.4% $1,059 / Sq Ft
05/17/2021 05/17/21 Pending -- -- --
04/29/2021 04/29/21 For Sale $1,150,000 0.0% $1,064 / Sq Ft
03/04/2014 03/04/14 Rented $3,700 0.0% --
02/21/2014 02/21/14 Under Contract -- -- --
10/29/2013 10/29/13 For Rent $3,700 -- --

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $14,588 $1,215,081 $916,352 $298,729
2023 $14,351 $1,191,257 $898,385 $292,872
2022 $14,166 $1,167,900 $880,770 $287,130
2021 $5,258 $402,234 $200,313 $201,921
2020 $5,220 $398,111 $198,260 $199,851
2019 $5,160 $390,306 $194,373 $195,933
2018 $4,867 $382,654 $190,562 $192,092
2016 $4,676 $367,797 $183,163 $184,634
2015 $4,613 $362,273 $180,412 $181,861
2014 $4,559 $355,177 $176,878 $178,299
Source: Public Records

Agents Affiliated with this Home

  • Justin Cusumano

    Seller's Agent in 2024

    Justin Cusumano

    Lee & Associates

    (818) 632-3554

    4 Total Sales

    Justin Cusumano
    Section Image

  • N

    Buyer's Agent in 2024

    NoEmail NoEmail

    None MRML

    (646) 541-2551

    5,467 Total Sales

    NoEmail NoEmail
    Section Image
  • Randi Pollock

    Seller's Agent in 2021

    Randi Pollock

    Equity Union

    (310) 699-1050

    9 in this area

    12 Total Sales

    Randi Pollock
    Section Image
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Map

California Los Angeles County Santa Monica 90405 Ocean Park

2940 Neilson Way Unit 302, Santa Monica, CA

Homes for Sale in Santa Monica, CA

This home is located at 2940 Neilson Way Unit 302, Santa Monica, CA 90405 and is currently estimated at $1,315,272, approximately $1,216 per square foot. 2940 Neilson Way Unit 302 is a home located in Los Angeles County with nearby schools including John Muir Elementary School, John Adams Middle School, and Santa Monica High School.

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