NOT LISTED FOR SALE

11487 Tongareva St Malibu, CA 90265

Estimated Value: $3,268,000 - $3,813,000

3 Beds
2 Baths
1,909 Sq Ft
$1,854/Sq Ft Est. Value

Last Sold August 24, 2020

Last sale price $2,675,000 $1,401 Per Sq Ft

Est. 32% increase in value since last sale

Current estimated payment $21,252/month

86 Days on Market

Highlights

  • White Water Ocean Views
  • Contemporary Architecture
  • Great Room
  • In Ground Pool
  • Wood Flooring
  • No HOA

About This Home

As of August 2020

Amazing whitewater and sunset views from this completely remodeled one story contemporary home. Enter the great room to walls of glass that gaze out to the ocean and breaking surf. Incredible open kitchen with huge center island and windows that open to enjoy the seabreeze and entertain at the outdoor bar area. Mastersuite on waterside with killer views and the sounds of the crashing ocean. Beautiful wide plank oiled oak hardwood floors throughout all living areas. Huge outdoor ocean view decks are perfect for entertaining and enjoying the outdoor California lifestyle. Located a few hundred yards from one of Malibu's best surf spots and Neptunes Net Restaurant. Malibu Schools and Trancas shopping center about 10 minutes away.

Last Agent to Sell the Property

Jeff Chertow

Pinnacle Estate Properties License #00976750 Listed on: 05/27/2020

Pinnacle Estate Properties

Last Buyer's Agent

Sean Matthews

License #01994701

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $30,573

Year Built

  • Built in 1962

Lot Details

  • 10,784 Sq Ft Lot
  • Property is zoned RE

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,909 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Great Room
  • Living Room
  • Dining Area
  • White Water Ocean Views

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Walk-In Closet
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Gas And Electric Dryer Hookup

Parking

  • 2 Car Garage
  • Driveway

Pool

  • In Ground Pool
  • Spa

Additional Features

  • Covered Patio or Porch
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 700-0-110-075

Home Details

Home Type

Single Family

Est. Annual Taxes

$30,573

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 1909
  • Stories: 1
  • Year Built: 1962
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Hardwood, Tile
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Electric Dryer Hookup, Gas Or Electric Dryer Hookup, Microwave, Range/Oven, Refrigerator
  • Price Per S Q F T: 1464.12

Exterior Features

  • Other Structures: None
  • Pool: Yes
  • Spa Yn: Yes
  • View: Ocean, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway, Garage - 2 Car

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 700-0-110-075
  • Geocode Override: No
  • Lot Size Area: 10784

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 27, 2020
Closed on
Aug 19, 2020
Sold by
Coastal Collective Development Lp
Bought by
Busch William K and William K Busch Revocable Trus
Seller's Agent
Jeff Chertow
Pinnacle Estate Properties
Buyer's Agent
Sean Matthews
List Price
$2,950,000
Sold Price
$2,675,000
Premium/Discount to List
-$275,000
-9.32%
Current Estimated Value
$3,538,456

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$863,456
Avg. Annual Appreciation
5.56%

Purchase Details

Closed on
Aug 8, 2018
Sold by
Magnus Investment Partners Llc
Bought by
Coastal Collective Development Lp

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,741,914
Interest Rate
4.7%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 26, 2018
Sold by
Magnus Investments Paratners Llc
Bought by
Magnus Investments Partners Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$825,000
Interest Rate
4.38%
Mortgage Type
Commercial

Purchase Details

Listed on
Dec 1, 2017
Closed on
Jan 19, 2018
Sold by
Tan Natasha
Bought by
Magnus Investements Partners Llc
Seller's Agent
Daniel Moss
Coldwell Banker Realty
Buyer's Agent
Bill Moss
Coldwell Banker Realty
List Price
$1,450,000
Sold Price
$1,350,000
Premium/Discount to List
-$100,000
-6.9%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.24%

Purchase Details

Closed on
Feb 24, 2017
Sold by
Yoen Mary Ann
Bought by
Tan Natasha

Purchase Details

Closed on
Apr 12, 1994
Sold by
Tan Zofia
Bought by
Tan Charles Co

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
5.87%
Source: Public Records

Range of Values:

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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
Busch William K $2,675,000 Priority Title Camarillo
Coastal Collective Development Lp $1,615,000 Fidelity National Title
Magnus Investments Partners Llc -- Fidelity National Title Co
Magnus Investements Partners Llc $1,350,000 Fidelity National Title
Tan Natasha -- None Available
Tan Charles Co -- United Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Coastal Collective Development Lp $1,741,914
Previous Owner Magnus Investments Partners Llc $825,000
Previous Owner Tan Charles Co $367,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/24/2020 08/24/20 Sold $2,675,000 -4.3% $1,401 / Sq Ft
07/28/2020 07/28/20 Price Changed $2,795,000 -5.3% $1,464 / Sq Ft
05/27/2020 05/27/20 For Sale $2,950,000 +118.5% $1,545 / Sq Ft
01/24/2018 01/24/18 Sold $1,350,000 -6.9% $707 / Sq Ft View Prior Sale
01/23/2018 01/23/18 Pending -- -- --
12/01/2017 12/01/17 For Sale $1,450,000 -- $760 / Sq Ft
Source: The MLS

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
2025 $30,573 $2,895,505 $1,882,350 $1,013,155
2024 $30,573 $2,838,731 $1,845,441 $993,290
2023 $31,293 $2,783,070 $1,809,256 $973,814
2022 $29,799 $2,728,500 $1,773,780 $954,720
2021 $29,295 $2,675,000 $1,739,000 $936,000
2020 $18,428 $1,647,300 $1,071,000 $576,300
2019 $17,865 $1,615,000 $1,050,000 $565,000
2018 $9,267 $832,869 $618,475 $214,394
2017 $8,973 $816,540 $606,349 $210,191
2016 $8,709 $800,530 $594,460 $206,070
2015 $8,675 $788,508 $585,532 $202,976
2014 $8,414 $773,063 $574,063 $199,000
Source: Public Records

Agents Affiliated with this Home

  • Jeff Chertow

    Seller's Agent in 2020

    Jeff Chertow

    Pinnacle Estate Properties

    (310) 456-3469

    47 Total Sales

    Jeff Chertow
    Section Image

  • S

    Buyer's Agent in 2020

    Sean Matthews

  • Daniel Moss

    Seller's Agent in 2018

    Daniel Moss

    Coldwell Banker Realty

    (310) 600-6692

    52 Total Sales

    Daniel Moss
    Section Image

  • B

    Buyer's Agent in 2018

    Bill Moss

    Coldwell Banker Realty

    (310) 457-6550

    86 Total Sales

    Bill Moss
    Section Image
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Map

Source: The MLS

MLS Number: 20-583180

The MLS

APN: 700-0-110-075

California Ventura County Malibu 90265

11487 Tongareva St, Malibu, CA

This home is located at 11487 Tongareva St, Malibu, CA 90265 since 27 May 2020 and is currently estimated at $3,538,456, approximately $1,853 per square foot. This property was built in 1962. 11487 Tongareva St is a home located in Ventura County with nearby schools including Channel Islands High School.

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