NOT LISTED FOR SALE

Estimated Value: $2,459,000 - $3,455,000

2 Beds
2.5 Baths
1,320 Sq Ft
$2,218/Sq Ft Est. Value

Sale Details

Date Sold: November 8, 2020

Last sale price $3,650,000 $2,765 Per Sq Ft

Est. 20% decrease in value since last sale

Current estimated payment $19,318 / mo

222 Days on Market

Highlights

  • Detached Guest House
  • Barn or Stable
  • Corral
  • Malibu Elementary School Rated A
  • Horse Property
  • In Ground Pool

About This Home

As of November 2020

Stunning, gated ranch view property in the Santa Monica mountains of 40 acres w/improvements on appx. 12 acres, comes w/2 add'l 5-acre parcels. The property is equipped w/equestrian infrastructure including a new 14 stall barn, 8 are in & outs, 2 tack rooms & office, all of the highest quality around a beautiful central courtyard & a 66'X199' metal covered dressage arena w/60 feet of mirrors & high-quality footing redone in 2020. There are 5 large turnouts, new metal hay storage structure, & feed room. A ranch-style office/apartment & a Spanish style guest bungalow. The main house site w/appx. 15,000sf pad & an 820sf GH pad are cleared & certified; in-ground pool remains. There is an equipment storage structure w/a master utility panel & an adjacent Caterpillar generator. 2 wells service the properties, appx. 300ft deep & appx. 600ft deep installed in 2018, including 2 water tanks w/booster pump. A large reservoir overlooking an open space conservation easement & private riding trails.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 03/30/2020

Compass

Co-Listed By

Luzette Vidal

License #01102914

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 03/30/2020

Compass

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Details

Home Type

  • Single Family

Lot Details

  • 51.27 Acre Lot
  • Property Near a Canyon
  • Wood Fence
  • Barbed Wire
  • Landscaped
  • Secluded Lot
  • Rectangular Lot
  • Sprinklers Throughout Yard
  • Property is zoned LCA11*

Property Views

  • Panoramic
  • Canyon
  • Mountain
  • Hills
  • Valley
  • Pool

Home Design

  • Hacienda Architecture
  • Ranch Property
  • Slab Foundation
  • Shingle Roof
  • Tile Roof
  • Fire Retardant Roof
  • Composition Roof
  • Metal Siding
  • Plaster

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • High Ceiling
  • Ceiling Fan
  • Dining Area
  • Den
  • Storage

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Self-Cleaning Oven
  • Gas Cooktop
  • Range Hood
  • Dishwasher
  • Stone Countertops
  • Disposal

Flooring

  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Walk-In Closet
  • Remodeled Bathroom
  • Bathtub with Shower
  • Low Flow Shower

Laundry

  • Laundry in Kitchen
  • Dryer
  • Washer

Home Security

  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Parking

  • 1 Covered Space
  • Workshop in Garage
  • Driveway

Pool

  • In Ground Pool
  • Spa
  • Fence Around Pool
  • Spa Fenced

Outdoor Features

  • Horse Property
  • Covered Patio or Porch

Location

  • Ground Level Unit
  • Property is near park

Horse Facilities and Amenities

  • Horse Property Improved
  • Corral
  • Tack Room
  • Stables
  • Arena

Utilities

  • Baseboard Heating
  • Overhead Utilities
  • Private Water Source
  • Well
  • Storage Tank
  • Electric Water Heater
  • Septic Tank
  • Satellite Dish

Additional Features

  • Detached Guest House
  • Barn or Stable

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4472-013-005

Home Details

Home Type

Single Family

Lot Details

51.27 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Combo - Res & Com
  • Style: Hacienda
  • Levels: Ground Level
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Entry Location: Ground Level - no steps
  • Lot Acreage: 51.2697
  • Planned Urban Dev: 0
  • Stories: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Detached/No Common Walls, Drywall Walls, High Ceilings (9 Feet+), Open Floor Plan, Storage Space
  • Flooring: Carpet, Tile
  • Appliances: Cooktop - Gas, Oven-Gas, Propane, Range Hood, Self Cleaning Oven
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Bedroom Features: Master Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Low Flow Shower(s), Remodeled, Shower and Tub, Tile
  • Three Quarter Bathrooms: 0
  • Eating Areas: Dining Area
  • Kitchen Features: Remodeled, Stone Counters
  • Laundry: In Kitchen, Laundry Closet Stacked
  • Maids Room: 1
  • Total Bathrooms: 3.00
  • Equipment: Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Gas Dryer Hookup, Refrigerator, Washer

Exterior Features

  • Construction: Metal Siding, Plaster
  • Other Features: Corral(s), High Ceilings (9 Feet+), Propane Tanks, Sprinkler System
  • Other Structures: Accessory Bldgs, Arena, Barn(s), Barn/Stable, Corral(s), GuestHouse, Stall(s)
  • Tennis Court Y/N: No
  • Foundation Details: Slab
  • Fence: Barbed Wire, Wood
  • Guest House: Detached
  • Patio: Covered Porch
  • Pool Description: Fenced, Private
  • Pool: Yes
  • Roof: Composition, Fire Retardant, Shingle, Tile
  • Spa: Fenced, Private
  • Spa Yn: Yes
  • View: Canyon, Fields, Hills, Mountains, Panoramic, Pool, Valley
  • View: Yes

Garage/Parking

  • Covered Parking: 1
  • Parking Garage: Driveway - Combination, Workshop

Utilities

  • TV Svcs: TV Satellite Dish - Leased
  • Volt 220: 220V Throughout, In Kitchen, In Laundry
  • Water Heater: Electric
  • Cooling: Ceiling Fan
  • Heating: Baseboard, Electric
  • Security: Carbon Monoxide Detector(s), Smoke Detector
  • Sewer: Septic Tank
  • Water: On Site, Private, Storage Tank(s), Well, Permit on File

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Front, Rear, Side, Sprinkler System, Sprinkler Timer
  • Horses: Yes
  • Assessor Parcel Number: 4472-013-005
  • Geocode Override: No
  • Lot Description: 2-4 Lots, Horse Property, Horse Property Improved, Landscaped, Lot Shape-Rectangular, Ranch, Riding/Stables, Secluded, Street Asphalt, Utilities - Overhead
  • Lot Location: Canyon, Park Nearby
  • Lot Size Area: 2233309

Rental Info

  • Land Lease Purchase Yn: No
  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
May 19, 2022
Sold by
Bought by
Current Estimated Value
$2,927,911

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,919,385
Interest Rate
3.25%
Mortgage Type
New Conventional
Estimated Equity
$1,008,526

Purchase Details

Listed on
Mar 30, 2020
Closed on
Oct 29, 2020
Sold by
Bought by
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$4,995,000
Sold Price
$3,650,000
Premium/Discount to List
-$1,345,000
-26.93%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-3.75%
Original Mortgage
$2,100,000
Interest Rate
2.9%
Mortgage Type
Commercial

Purchase Details

Closed on
Oct 22, 1997
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$52,389
Interest Rate
7.36%
Mortgage Type
Unknown

Purchase Details

Closed on
Nov 15, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 24, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 22, 1996
Sold by
Bought by

Purchase Details

Closed on
Jul 15, 1996
Sold by
Bought by
Source: Public Records

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Agents Specializing in Santa Monica Mountains, CA

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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Chicago Title
$2,725,000 First American Title Company
-- --
-- --
-- North American Title Co
$1,001,500 North American Title Co
$1,001,500 North American Title Co
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $2,100,000
Previous Owner $2,100,000
Previous Owner $52,389
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
11/08/2020 11/08/20 Sold $3,650,000 -8.6% $2,765 / Sq Ft
07/28/2020 07/28/20 Price Changed $3,995,000 -20.0% $3,027 / Sq Ft
03/30/2020 03/30/20 For Sale $4,995,000 -- $3,784 / Sq Ft
Source: The MLS

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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 $38,695 $2,976,688 $2,976,688
2024 $36,147 $2,918,322 $2,918,322
2023 $35,084 $2,861,100 $2,861,100 $0
2022 $34,644 $2,805,000 $2,805,000 $0
2021 $34,219 $2,750,000 $2,750,000 $0
2019 $26,345 $2,047,029 $2,046,927 $102
2018 $27,640 $2,293,894 $2,006,792 $287,102
2016 $26,686 $2,204,821 $1,928,867 $275,954
2015 $26,340 $2,171,703 $1,899,894 $271,809
2014 $26,016 $2,129,163 $1,862,678 $266,485
Source: Public Records

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Map

Source: The MLS

MLS Number: 20-567092

The MLS

APN: 4472-013-005

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