NOT LISTED FOR SALE

Estimated Value: $724,000 - $1,975,996

2.59 Acres
$577,543 Price per Acre
112,732 Sq Ft Lot

Last Sold May 01, 2019

Last sale price $560,000

Est. 167% increase in value since last sale

Current estimated payment $8,922/month

27 Days on Market

Highlights

  • Ocean View
  • Webster Elementary School Rated A
  • 112,732 Sq Ft lot

About This Lot

As of May 2019

2.59 acres of tranquility in the Santa Monica Mountains with panoramic Pacific Ocean views from the Queen's Necklace to Catalina Island! Previously approved plans for stunning 4,700+ square foot Spanish home with multiple viewing decks. Available documents include architectural plans, site plan, biological assessment, fire department access plan, 3D home model, elevations, floor plans, and geologic maps. Completely private and peaceful yet close to both Pacific Coast Hwy and Calabasas! Build your ocean view paradise.

Last Agent to Sell the Property

Russell Grether

Compass License #01836632 Listed on: 01/15/2019

Compass

Co-Listed By

Tony Mark

Compass License #01205648

Last Buyer's Agent

Kelly Pessis

Compass License #01254996

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,346

Lot Details

  • 2.59 Acre Lot
  • Property is zoned LCA11*

Property Views

  • Ocean
  • Coastline
  • Catalina
  • Panoramic
  • City Lights
  • Canyon
  • Mountain

Utilities

  • Well
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4448-023-031

Property Details

Property Type

Land

Est. Annual Taxes

$12,346

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Asphalt
  • View: Canyon, Catalina, City, City Lights, Coastline, Mountains, Ocean, Panoramic
  • View: Yes

Utilities

  • Cable: No
  • Gas: Bottled
  • Sewer: Septic Tank
  • Telephone: No
  • Water: Well

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4448-023-031
  • Geocode Override: No
  • Lot Size Area: 112732
  • Staked: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 15, 2019
Closed on
Apr 22, 2019
Sold by
Corrao Family Living Trust
Bought by
Arthur Adam and Wang Kuan
Seller's Agent
Russell Grether
Compass
Buyer's Agent
Kelly Pessis
Compass
List Price
$649,000
Sold Price
$560,000
Premium/Discount to List
-$89,000
-13.71%
Current Estimated Value
$1,494,665

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$934,665
Avg. Annual Appreciation
15.22%

Purchase Details

Closed on
Jul 13, 2012
Sold by
Corrao Robert F
Bought by
Corrao Robert F and Corrao Natalie J

Purchase Details

Closed on
Apr 14, 2005
Sold by
Perretti Gilmina
Bought by
Perretti John A

Purchase Details

Closed on
Mar 29, 2005
Sold by
Perretti John A
Bought by
Corrao Robert F and Corrao Robert R

Purchase Details

Closed on
Mar 28, 2005
Sold by
Corrao Margaret Ann
Bought by
Corrao Robert F

Purchase Details

Closed on
Jul 13, 2000
Sold by
Empakeris Don E
Bought by
Perretti John A and Perretti Francesca
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
Arthur Adam $560,000 First American Title Company
Corrao Robert F -- None Available
Perretti John A -- First American Title
Corrao Robert F $600,000 First American Title
Corrao Robert F -- First American Title
Perretti John A $175,000 First American Title Co
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/01/2019 05/01/19 Sold $560,000 -13.7% --
02/11/2019 02/11/19 Pending -- -- --
01/15/2019 01/15/19 For Sale $649,000 -- --
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 $12,346 $624,688 $624,688 --
2024 $12,346 $612,440 $612,440 --
2023 $10,433 $600,432 $600,432 $0
2022 $7,458 $588,659 $588,659 $0
2021 $7,288 $577,117 $577,117 $0
2019 $9,340 $749,735 $749,735 $0
2018 $8,923 $735,035 $735,035 $0
2016 $8,610 $706,494 $706,494 $0
2015 $8,493 $695,882 $695,882 $0
2014 $8,424 $682,251 $682,251 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 19-424076

The MLS

APN: 4448-023-031