NOT LISTED FOR SALE

24348 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $6,670,000 - $11,580,268

2 Beds
1 Bath
784 Sq Ft
$10,472/Sq Ft Est. Value

Last Sold May 08, 2015

Last sale price $5,000,000 $6,378 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $49,201/month

24 Days on Market

Highlights

  • Ocean View
  • Living Room
  • Central Heating
  • Webster Elementary School Rated A
  • Bungalow
  • 2 Car Garage

About This Home

As of May 2015

Opportunity knocks on Malibu Road! With 50' of beach frontage and expansive ocean views, enjoy the existing charming 2+1 cottage or tear it down and build your oceanfront dream home. Buyer to cooperate with Seller's 1031 tax differed exchange at no cost to Buyer. Trust Sale, NO court confirmation required. Contact listing agent for Buyer's Package, which includes required paperwork & terms of sale. Geo and structural reports available for rebuilding sea wall. Tenant occupied. Do not disturb tenant.

Last Agent to Sell the Property

Rachelle Rosten

Douglas Elliman License #01255977 Listed on: 03/13/2015

Douglas Elliman

Last Buyer's Agent

Jack Pritchett

Sotheby's International Realty License #00454234

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1955

Lot Details

  • 6,438 Sq Ft Lot
  • Lot Dimensions are 50x128
  • Tear Down
  • Property is zoned LCR106

Parking

  • 2 Car Garage

Property Views

  • Ocean
  • Coastline

Home Design

  • Bungalow
  • Fixer Upper

Interior Spaces

  • 784 Sq Ft Home
  • 1-Story Property
  • Living Room
  • Oven or Range

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 1 Full Bathroom

Utilities

  • Central Heating

Listing and Financial Details

  • Assessor Parcel Number 4458-011-018

Home Details

Home Type

Single Family

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: California Bungalow
  • Street Number Display: Yes
  • Living Area: 784
  • Lot Dimensions: 50x128
  • Probate: No
  • Property Condition: Fixer, Tear Down
  • Stories: 1
  • Year Built: 1955
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 2
  • Full Bathroom: 1
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Total Bathrooms: 1.00
  • Equipment: Range/Oven, Refrigerator
  • Price Per S Q F T: 5420.92

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Coastline, Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage
  • Total Parking: 2

Utilities

  • Heating: Central

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Assessor Parcel Number: 4458-011-018
  • Geocode Override: No
  • Lot Size Area: 6438

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 13, 2015
Closed on
Apr 9, 2015
Sold by
Betz Stanley J
Bought by
Macmillan Sarah and Sarah Macmillan Living Trust
Seller's Agent
Rachelle Rosten
Douglas Elliman
Buyer's Agent
Jack Pritchett
Sotheby's International Realty
List Price
$4,250,000
Sold Price
$5,000,000
Premium/Discount to List
$750,000
17.65%
Current Estimated Value
$8,319,121

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,319,121
Avg. Annual Appreciation
4.75%

Purchase Details

Closed on
Jul 21, 2011
Sold by
Betz Stanley
Bought by
Betz Stanley J and Betz Cathie
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
Macmillan Sarah $5,000,000 Fatcola
Betz Stanley J -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/08/2015 05/08/15 Sold $5,000,000 +17.6% $6,378 / Sq Ft
04/06/2015 04/06/15 Pending -- -- --
03/13/2015 03/13/15 For Sale $4,250,000 -- $5,421 / 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 $68,395 $6,009,245 $4,807,399 $1,201,846
2024 $68,395 $5,891,418 $4,713,137 $1,178,281
2023 $67,072 $5,775,901 $4,620,723 $1,155,178
2022 $66,278 $5,662,649 $4,530,121 $1,132,528
2021 $64,772 $5,551,618 $4,441,296 $1,110,322
2019 $63,519 $5,386,956 $4,309,565 $1,077,391
2018 $60,364 $5,281,330 $4,225,064 $1,056,266
2016 $58,240 $5,076,250 $4,061,000 $1,015,250
2015 $9,438 $775,751 $682,673 $93,078
2014 $9,339 $760,556 $669,301 $91,255
Source: Public Records

Agents Affiliated with this Home

  • Rachelle Rosten

    Seller's Agent in 2015

    Rachelle Rosten

    Douglas Elliman

    (310) 710-5151

    68 Total Sales

    Rachelle Rosten
    Section Image
  • Jack Pritchett

    Buyer's Agent in 2015

    Jack Pritchett

    Sotheby's International Realty

    (310) 456-6771

    11 Total Sales

    Jack Pritchett
    Section Image
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Map

Source: The MLS

MLS Number: 15-885907

The MLS

APN: 4458-011-018

California Los Angeles County Malibu 90265 Malibu Road

24348 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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