NOT LISTED FOR SALE

Estimated Value: $2,894,690 - $3,155,000

4 Beds
4 Baths
3,010 Sq Ft
$1,015/Sq Ft Est. Value

Last Sold February 09, 2024

Last sale price $2,650,000 $880 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $18,197/month

27 Days on Market

Highlights

  • Ocean View
  • Heated Spa
  • Hilltop Location
  • Webster Elementary School Rated A
  • 2.04 Acre Lot
  • Traditional Architecture

About This Home

As of February 2024

The best value in Malibu for a home under $3m! Located on the picturesque hills of Malibu, this home offers a luxurious coastal lifestyle with ocean and mountain views. Enjoy panoramic vistas of Santa Monica Bay and Catalina Island. The expansive vaulted ceilings and thoughtfully designed open floor plan create an airy and inviting atmosphere throughout. Boasting four bedrooms and four bathrooms, this residence provides ample space for both relaxation and entertainment. Situated on two acres of land, the property offers a rare blend of privacy and natural beauty. Step outside onto the rear-open patio, surrounded by lush trees. Remodeled kitchen, featuring high-end Wolf and Sub-zero appliances that cater to the needs of any culinary enthusiast. The integration of recessed lighting enhances the modern aesthetic, while new interior paint adds a touch of freshness to the interior spaces. The primary suite is a private haven, complete with a spacious walk-in closet and a luxurious en-suite bathroom. Imagine waking up to the sight of the Pacific Ocean and experiencing the ultimate sense of serenity. For the car enthusiast, a three-car garage provides secure and convenient parking. This Malibu home seamlessly blends elegance, comfort, and the natural beauty of its surroundings.

Last Agent to Sell the Property

Shen Schulz

Sotheby's International Realty License #01327630 Listed on: 01/04/2024

Last Buyer's Agent

Shen Schulz

Sotheby's International Realty License #01327630 Listed on: 01/04/2024

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $19,053

Year Built

  • Built in 1985

Lot Details

  • 2.04 Acre Lot
  • South Facing Home
  • Fenced Yard
  • Wrought Iron Fence
  • Landscaped
  • Sprinklers on Timer
  • Hilltop Location
  • Back and Front Yard
  • Property is zoned LCRPD11U*

Parking

  • 6 Car Attached Garage

Property Views

  • Ocean
  • Catalina
  • City Lights
  • Canyon
  • Mountain

Home Design

  • Traditional Architecture
  • Split Level Home
  • Stucco

Interior Spaces

  • 3,010 Sq Ft Home
  • Wired For Data
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Track Lighting
  • Entryway
  • Separate Family Room
  • Living Room with Fireplace
  • Dining Area
  • Den

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Gas Cooktop
  • Range Hood
  • Freezer
  • Ice Maker
  • Dishwasher
  • Kitchen Island
  • Granite Countertops
  • Disposal

Flooring

  • Engineered Wood
  • Tile

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Walk-In Closet
  • 4 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Home Security

  • Prewired Security
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Pool

  • Heated Spa
  • In Ground Spa

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Forced Air Heating and Cooling System
  • Vented Exhaust Fan
  • Property is located within a water district
  • Gas Water Heater
  • Central Water Heater
  • Septic Tank
  • Cable TV Available

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4453-019-076

Home Details

Home Type

Single Family

Est. Annual Taxes

$19,053

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: Multi/Split
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Advertising Remarks: The best value in Malibu for a home under $3m! Beautiful, and spacious, this residence offers a harmonious blend of sophistication, comfort, and views! The interior features elegant hardwood and tile floors that enhance the natural beauty of the space. With 4 bedrooms and 3 bathrooms, plus great indoor/outdoor flow you will be delighted to find such a gem. Upon entering, you'll be greeted by vaulted ceilings that create an airy and expansive atmosphere. The home's thoughtful layout includes a spacious living room, a formal dining room for entertaining, and a cozy family room for more intimate gatherings. A dedicated home study area provides a quiet and inspiring space for work or study. Inside, the home is adorned with new paint and state-of-the-art LED recessed lighting, updated kitchen, and appliances!
  • Entry Floor: 1
  • Entry Location: Main Level
  • Living Area: 3010
  • Lot Acreage: 2.0358
  • Planned Urban Dev: 0
  • Probate: No
  • Year Built: 1985
  • Number Of Photos: 56
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Interior Amenities: High Ceilings (9 Feet+), Pre-wired for high speed Data, Detached/No Common Walls, Built-Ins, Track Lighting, Recessed Lighting
  • Fireplace Rooms: Living Room
  • Flooring: Engineered Hardwood, Tile
  • Appliances: Built-In Gas, Propane, Cooktop - Gas, Range Hood, Range
  • Bedrooms: 4
  • Fireplaces: 1
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Tile
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Dining Area, Kitchen Island
  • Kitchen Features: Counter Top, Island, Granite Counters, Remodeled
  • Laundry: Inside, Room
  • Total Bathrooms: 4.00
  • Den: 1
  • Equipment: Built-Ins, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Ice Maker, Propane Dryer Hookup, Range/Oven, Refrigerator, Vented Exhaust Fan, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 897.01

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: High Ceilings (9 Feet+), Propane Tanks
  • Other Structures: None
  • Tennis Court Y/N: No
  • Fence: Wrought Iron
  • Patio: Concrete Slab, Patio Open, Covered
  • Pool: No
  • Roof: Tile
  • Spa: Private, Heated with Propane, In Ground
  • Spa Yn: Yes
  • View: Ocean, Mountains, City Lights, Catalina, Canyon
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Garage - 3 Car
  • Total Parking: 6

Utilities

  • TV Svcs: Cable TV
  • Water Heater: Central Water Heater, Gas
  • Cooling: Air Conditioning, Central
  • Heating: Central, Forced Air
  • Security: Smoke Detector, Carbon Monoxide Detector(s), Prewired for alarm system
  • Sewer: Septic Tank, On Site
  • Water: District

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Sprinklers: Sprinkler System, Sprinkler Timer
  • Horses: No
  • Assessor Parcel Number: 4453-019-076
  • Lot Description: Back Yard, Landscaped, Front Yard, Fenced Yard
  • Lot Location: Hilltop
  • Lot Size Area: 88678

Rental Info

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

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 4, 2024
Closed on
Feb 1, 2024
Sold by
Keum And Jae Jo Revocable Living Trust
Bought by
Wade David and Wyatt Emily
Seller's Agent
Shen Schulz
Sotheby's International Realty
Buyer's Agent
Shen Schulz
Sotheby's International Realty
List Price
$2,700,000
Sold Price
$2,650,000
Premium/Discount to List
-$50,000
-1.85%
Views
59
Current Estimated Value
$3,054,230

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$404,230
Avg. Annual Appreciation
6.82%
Original Mortgage
$2,385,000
Outstanding Balance
$2,345,181
Interest Rate
6.61%
Mortgage Type
New Conventional
Estimated Equity
$590,049

Purchase Details

Closed on
May 27, 2009
Sold by
London Lois G and London Stephen David
Bought by
Jo Keum S and Jo Jae Joun

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$747,000
Interest Rate
4.83%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 19, 2001
Sold by
London Arthur and London Lois G
Bought by
London Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
8.37%

Purchase Details

Closed on
Jan 13, 1999
Sold by
London Arthur and London Lois G
Bought by
London Arthur

Purchase Details

Closed on
Mar 25, 1997
Sold by
London Arthur and London Lois G
Bought by
London Arthur

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$75,000
Interest Rate
7.63%

Purchase Details

Closed on
Feb 27, 1996
Sold by
London Arthur
Bought by
London Arthur and London Lois G

Purchase Details

Closed on
Jan 17, 1996
Sold by
Peoples Security Life Insurance Company
Bought by
London Arthur and London Lois G
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
Wade David $2,650,000 First American Title
Jo Keum S $1,245,000 Act
London Arthur -- United Title Company
London Arthur -- --
London Arthur -- Fidelity Title
London Arthur -- --
London Arthur -- Fidelity Title
London Arthur $455,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Wade David Thomas $428,200
Open Wade David $2,385,000
Previous Owner Jo Keum S $748,000
Previous Owner Jo Keum S $746,500
Previous Owner Jo Keum S $746,500
Previous Owner Jo Keum S $747,000
Previous Owner London Arthur $120,000
Previous Owner London Arthur $1,000,000
Previous Owner London Arthur $752,500
Previous Owner London Arthur $675,000
Previous Owner London Arthur $650,000
Previous Owner London Arthur $75,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/09/2024 02/09/24 Sold $2,650,000 -1.9% $880 / Sq Ft
01/31/2024 01/31/24 Pending -- -- --
01/04/2024 01/04/24 For Sale $2,700,000 -- $897 / 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 $19,053 $2,703,000 $2,095,080 $607,920
2024 $19,053 $1,571,819 $1,039,298 $532,521
2023 $18,595 $1,541,000 $1,018,920 $522,080
2022 $18,389 $1,510,786 $998,942 $511,844
2021 $17,928 $1,481,163 $979,355 $501,808
2019 $17,568 $1,437,232 $950,307 $486,925
2018 $16,636 $1,409,052 $931,674 $477,378
2016 $16,005 $1,354,339 $895,497 $458,842
2015 $15,789 $1,333,996 $882,046 $451,950
2014 $15,588 $1,307,865 $864,768 $443,097
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-337615

The MLS

APN: 4453-019-076