NOT LISTED FOR SALE

24052 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $6,089,000 - $16,747,934

4 Beds
4.5 Baths
-- Sq Ft
3,877 Sq Ft Lot

Last Sold August 22, 2016

Last sale price $17,650,000

Est. 44% decrease in value since last sale

Current estimated payment $60,042/month

5 Days on Market

Highlights

  • White Water Ocean Views
  • Heated In Ground Pool
  • Wood Flooring
  • Webster Elementary School Rated A
  • Fireplace in Primary Bedroom
  • No HOA

About This Home

As of August 2016

Sold before processing. Brand new Architectural Masterpiece.

Last Agent to Sell the Property

Jeff Chertow

Pinnacle Estate Properties License #00976750 Listed on: 08/17/2016

Pinnacle Estate Properties

Last Buyer's Agent

Joseph Tenerelli

License #00785795

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2016

Lot Details

  • 3,877 Sq Ft Lot
  • Property is zoned LCR1YY

Parking

  • 2 Car Attached Garage

Property Views

  • White Water Ocean
  • City Lights

Home Design

  • Split Level Home

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Alarm System
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher

Flooring

  • Wood
  • Stone

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom

Pool

  • Heated In Ground Pool
  • Heated Spa

Outdoor Features

  • Covered Patio or Porch

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4458-009-002

Home Details

Home Type

Single Family

Year Built

Built in 2016

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Levels: Multi/Split
  • Street Number Display: No
  • Stories: 2
  • Year Built: 2016
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Dining, Living Room, Master Bedroom
  • Flooring: Stone, Wood
  • Bedrooms: 4
  • Full Bathroom: 4
  • Half Bathroom: 1
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Garage
  • Total Bathrooms: 5.00
  • Equipment: Alarm System, Built-Ins, Dishwasher, Network Wire, Range/Oven, Refrigerator

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated And Filtered, Private
  • Pool: Yes
  • Spa: Heated with Gas
  • Spa Yn: Yes
  • View: City Lights, Ocean, White Water
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4458-009-002
  • Geocode Override: No
  • Lot Size Area: 3877

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 17, 2016
Closed on
Jul 1, 2016
Sold by
Rjr Malibu Road Llc
Bought by
Acc Kids Properties Llc
Seller's Agent
Jeff Chertow
Pinnacle Estate Properties
Buyer's Agent
Joseph Tenerelli
List Price
$17,650,000
Sold Price
$17,650,000
Current Estimated Value
$9,799,234

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$7,850,766
Avg. Annual Appreciation
-6.04%

Purchase Details

Closed on
Jun 4, 2013
Sold by
Cross Creek Capital Llc
Bought by
Rjr Malibu Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$7,700,000
Interest Rate
3.48%
Mortgage Type
Construction

Purchase Details

Listed on
May 7, 2012
Closed on
Jan 18, 2013
Sold by
24052 Malibu Road Llc
Bought by
Cross Creek Capital Llc
Seller's Agent
Branden Williams
The Beverly Hills Estates
Buyer's Agent
Jeff Chertow
Pinnacle Estate Properties
List Price
$4,495,000
Sold Price
$3,600,000
Premium/Discount to List
-$895,000
-19.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
8.07%

Purchase Details

Closed on
Jan 20, 2006
Sold by
Hennesy Thomas Daniel and Thomas Daniel Hennesy Living T
Bought by
24052 Malibu Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,988,000
Interest Rate
6.08%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

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 Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Acc Kids Properties Llc $17,650,000 Priority Title
Rjr Malibu Road Llc $5,400,000 Chicago Title Company
Cross Creek Capital Llc $3,600,000 Fidelity National Title Co
24052 Malibu Road Llc -- Stewart Title Of Ca Inc
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Rjr Malibu Road Llc $7,700,000
Previous Owner 24052 Malibu Road Llc $1,988,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/22/2016 08/22/16 Sold $17,650,000 0.0% --
08/22/2016 08/22/16 Pending -- -- --
08/17/2016 08/17/16 For Sale $17,650,000 +390.3% --
03/04/2013 03/04/13 Sold $3,600,000 -19.9% -- View Prior Sale
03/04/2013 03/04/13 Pending -- -- --
05/07/2012 05/07/12 For Sale $4,495,000 -- --
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 $109,266 $9,632,862 $9,632,862 --
2024 $109,266 $9,443,983 $9,443,983 --
2023 $107,264 $9,258,807 $9,258,807 $0
2022 $105,981 $9,077,262 $9,077,262 $0
2021 $103,527 $8,899,277 $8,899,277 $0
2020 $102,946 $8,808,026 $8,808,026 $0
2019 $101,527 $8,635,320 $8,635,320 $0
2018 $96,516 $8,466,000 $8,466,000 $0
2016 $27,513 $2,377,551 $2,377,551 $0
2015 $27,142 $2,341,838 $2,341,838 $0
2014 $53,196 $4,620,884 $4,620,884 $0
Source: Public Records

Agents Affiliated with this Home

  • Jeff Chertow

    Seller's Agent in 2016

    Jeff Chertow

    Pinnacle Estate Properties

    (310) 456-3469

    49 Total Sales

    Jeff Chertow
    Section Image

  • J

    Buyer's Agent in 2016

    Joseph Tenerelli

  • Branden Williams

    Seller's Agent in 2013

    Branden Williams

    The Beverly Hills Estates

    (310) 278-3311

    2 in this area

    184 Total Sales

    Branden Williams
    Section Image

  • K

    Seller Co-Listing Agent in 2013

    Karen June Bredice

    Solstice International Realty

    Section Image
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Map

Source: The MLS

MLS Number: 16-154852

The MLS

APN: 4458-009-002

California Los Angeles County Malibu 90265 Malibu Road

24052 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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