NOT LISTED FOR SALE

18452 Wakecrest Dr Malibu, CA 90265

Estimated Value: $2,516,000 - $2,785,000

3 Beds
2 Baths
2,076 Sq Ft
$1,263/Sq Ft Est. Value

Last Sold June 20, 2014

Last sale price $1,625,000 $783 Per Sq Ft

Est. 61% increase in value since last sale

Current estimated payment $15,688/month

172 Days on Market

Highlights

  • Spa
  • City Lights View
  • Wood Flooring
  • Webster Elementary School Rated A
  • Midcentury Modern Architecture
  • Covered Patio or Porch

About This Home

As of June 2014

Spectacular completely re-modeled Sunset Mesa Mid-Century Modern w/large open floor plan, huge sun filled living area, cooks kitchen w/Italian cabinets, stainless steel appliances, built in speakers throughout home and patio & distressed hardwood flooring. Backyard has slate patio with in ground spa, built in bbq, fire pit with seating, tranquil waterfall and pond with spiral staircase leading to the rooftop sun deck w/panoramic ocean views. So cool!!

Last Agent to Sell the Property

Bill Rhodes

Compass License #01106892 Listed on: 12/01/2013

Compass

Last Buyer's Agent

Kayhan Kabirnia

Corcoran Global Living License #01248253

Corcoran Global Living

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $23,525

Year Built

  • Built in 1962

Lot Details

  • 6,559 Sq Ft Lot
  • Property is zoned LCR106

Parking

  • 6 Car Garage

Home Design

  • Midcentury Modern Architecture
  • Composition Roof

Interior Spaces

  • 2,076 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Wood Burning Fireplace
  • Family Room with Fireplace
  • Living Room
  • Dining Area
  • City Lights Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Home Security

  • Security System Owned
  • Carbon Monoxide Detectors

Pool

  • Spa
  • Room in yard for a pool

Outdoor Features

  • Covered Patio or Porch
  • Outdoor Grill

Utilities

  • Central Heating and Cooling System
  • Sewer in Street
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4443-007-022

Home Details

Home Type

Single Family

Est. Annual Taxes

$23,525

Year Built

Built in 1962

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 2076
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1962
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Wood Burning
  • Flooring: Carpet, Hardwood
  • Bedrooms: 3
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Equipment: Alarm System, Barbeque, Built-Ins, Cable, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 818.40

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Room For
  • Pool: No
  • Roof: Composition
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: City Lights
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Garage
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Carbon Monoxide Detector(s), Owned
  • Sewer: In Street

Lot Info

  • Horses: No
  • Assessor Parcel Number: 4443-007-022
  • Geocode Override: No
  • Lot Size Area: 6559

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2013
Closed on
May 9, 2014
Sold by
Bandak Chris S
Bought by
Mahmood Tahir and Ahmed Amber
Seller's Agent
Bill Rhodes
Compass
Buyer's Agent
Kayhan Kabirnia
Corcoran Global Living
List Price
$1,749,000
Sold Price
$1,625,000
Premium/Discount to List
-$124,000
-7.09%
Current Estimated Value
$2,622,707

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$997,707
Avg. Annual Appreciation
4.30%
Original Mortgage
$1,075,000
Outstanding Balance
$923,515
Interest Rate
4.16%
Mortgage Type
New Conventional
Estimated Equity
$1,699,192

Purchase Details

Closed on
Jul 27, 2006
Sold by
Gancman Bronia and Gancman Alek
Bought by
Bandak Chris S

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
7.75%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Nov 30, 2001
Sold by
Ganoman Alek
Bought by
Ganoman Bronia and Ganoman Alex

Purchase Details

Closed on
Jun 22, 2001
Sold by
Gancman Bronia
Bought by
Gancman Alek

Purchase Details

Closed on
Jun 6, 2001
Sold by
Ullman Stephen J and Ullman Tanya L
Bought by
Gancmann Alex

Purchase Details

Closed on
Jan 12, 2000
Sold by
Brandt Thomas G
Bought by
Ullman Stephen J and Ullman Tanya L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$519,000
Interest Rate
7.37%

Purchase Details

Closed on
Feb 5, 1998
Sold by
Sussman Karl and Sussman Azy
Bought by
Brandt Thomas G

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$452,400
Interest Rate
6.98%

Purchase Details

Closed on
Jul 8, 1997
Sold by
Susman Martin
Bought by
Susman Karl and Susman Azy

Purchase Details

Closed on
Feb 20, 1997
Sold by
Ba Properties Inc
Bought by
Susman Karl and Susman Azy

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$344,000
Interest Rate
7.62%

Purchase Details

Closed on
Oct 22, 1996
Sold by
Grasska William John and Grasska Rosanna
Bought by
Ba Properties Inc

Purchase Details

Closed on
Dec 17, 1993
Sold by
Bartels Steven
Bought by
Dolowich Barry and Dolowich Faith
Source: Public Records

Range of Values:

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Average Value
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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
Mahmood Tahir $1,625,000 Equity Title
Bandak Chris S $1,490,000 Provident Title Company
Ganoman Bronia -- --
Gancman Alek -- Fidelity National Title Co
Gancmann Alex $760,000 Fidelity National Title Co
Ullman Stephen J $660,000 Progressive Title Company
Brandt Thomas G $565,500 Progressive Title Company
Susman Karl -- --
Susman Karl -- Continental Lawyers Title Co
Ba Properties Inc $294,000 Fidelity National Title Ins
Dolowich Barry -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Mahmood Tahir $1,075,000
Previous Owner Bandak Chris S $1,000,000
Previous Owner Ullman Stephen J $519,000
Previous Owner Brandt Thomas G $452,400
Previous Owner Susman Karl $344,000
Closed Ullman Stephen J $75,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/20/2014 06/20/14 Sold $1,625,000 -4.4% $783 / Sq Ft
03/25/2014 03/25/14 Price Changed $1,699,000 -2.9% $818 / Sq Ft
12/01/2013 12/01/13 For Sale $1,749,000 -- $842 / 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 $23,525 $1,828,672 $1,434,257 $394,415
2024 $23,525 $1,952,959 $1,562,371 $390,588
2023 $23,009 $1,914,667 $1,531,737 $382,930
2022 $22,735 $1,877,125 $1,501,703 $375,422
2021 $22,194 $1,840,319 $1,472,258 $368,061
2019 $21,761 $1,785,736 $1,428,591 $357,145
2018 $20,622 $1,750,723 $1,400,580 $350,143
2016 $19,871 $1,682,743 $1,346,195 $336,548
2015 $19,605 $1,657,467 $1,325,974 $331,493
2014 $17,896 $1,500,000 $1,145,900 $354,100
Source: Public Records

Agents Affiliated with this Home

  • Bill Rhodes

    Seller's Agent in 2014

    Bill Rhodes

    Compass

    (310) 293-2084

    11 Total Sales

    Bill Rhodes
    Section Image

  • K

    Buyer's Agent in 2014

    Kayhan Kabirnia

    Corcoran Global Living

    Section Image
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Map

Source: The MLS

MLS Number: 13-721987

The MLS

APN: 4443-007-022

California Los Angeles County Malibu 90265

18452 Wakecrest Dr, Malibu, CA

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