NOT LISTED FOR SALE

24848 Malibu Rd Malibu, CA 90265

Malibu Road Neighborhood

Estimated Value: $5,543,000 - $10,160,768

4 Beds
4.5 Baths
3,599 Sq Ft
$2,183/Sq Ft Est. Value

Last Sold May 22, 2012

Last sale price $7,300,000 $2,028 Per Sq Ft

Est. 8% increase in value since last sale

Current estimated payment $49,506/month

408 Days on Market

Highlights

  • Ocean Front
  • Heated In Ground Pool
  • Built-In Features
  • Webster Elementary School Rated A
  • Marble Flooring
  • Laundry Room

About This Home

As of May 2012

PROBATE SALE, SUBJECT TO OVERBID. IN ESCROW. ACCEPTED OFFER. FIRST OVERBID MUST BE $6,930,500. COURT HEARING: MAY 11, 2012 AT 9AM, SANTA MONICA SUPERIOR COURT, DEPARTMENT A. 10% INITIAL DEPOSIT REQUIRED. CALL AGENT FOR FURTHER DETAILS. STUNNING ARCHITECTURAL BEACHFRONT HOME RECENTLY BUILT AND COMPLETED IN 2008. A RARE FIND WITH OCEANFRONT POOL AND SPA. INCREDIBLE OPEN LIVING SPACE WITH POCKET SLIDING DOORS THAT OPEN TO THE DECK WITH THE POOL AND SPA. SITUATED ON 50' OF SANDY BEACH. BUILT WITH THE HIGHEST OF STANDARDS, CRAFTMANSHIP AND FINISHES. 4 BEDROOMS, 4 1/2 BATHS COMPLETE THIS STUNNING HOME. THE SPACIOUS MASTER SUITE HAS AN ADJOINING OFFICE/SITTING AREA AND ELEGANT BATHROOM. THERE IS A LARGE ROOFTOP DECK OFF THE UPPER TWO BEDROOMS THAT IS PERFECT FOR ENTERTAINING AND SUNBATHING. CALL AGENT REGARDING SQUARE FOOTAGE.

Last Agent to Sell the Property

Gayle Pritchett-Macleod

Sotheby's International Realty License #00585628 Listed on: 04/06/2011

Co-Listed By

Matthew Ogden

Compass License #01302286

Last Buyer's Agent

Jennifer Kessler

Pinnacle Estate Properties License #01892361

Home Details

Home Type

  • Single Family

Year Built

  • Built in 2008

Lot Details

  • 5,898 Sq Ft Lot
  • Ocean Front
  • Property is zoned LCR1*

Property Views

  • White Water Ocean
  • City Lights

Interior Spaces

  • 3,599 Sq Ft Home
  • 3-Story Property
  • Central Vacuum
  • Built-In Features
  • Living Room with Fireplace
  • Dining Area
  • Center Hall
  • Alarm System

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Stone
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room
  • 4.5 Bathrooms

Laundry

  • Laundry Room
  • Laundry in Garage
  • Dryer
  • Washer

Parking

  • 4 Car Garage
  • Garage Door Opener

Pool

  • Heated In Ground Pool
  • Spa

Utilities

  • Zoned Heating and Cooling
  • Cooling System Mounted To A Wall/Window
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4458-013-016

Home Details

Home Type

Single Family

Year Built

Built in 2008

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 3599
  • Probate: Yes
  • Stories: 3
  • Year Built: 2008
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood, Marble, Stone
  • Bedrooms: 4
  • Fireplaces: 1
  • Laundry: Garage, Inside
  • Total Bathrooms: 4.50
  • Equipment: Alarm System, Built-Ins, Central Vacuum, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 2195.05

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa: Private
  • View: City Lights, Ocean, White Water
  • View: Yes
  • Waterfront: Ocean

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Door Opener, Garage
  • Total Parking: 4

Utilities

  • Cooling: Central, Multi/Zone, Wall/Window
  • Heating: Central
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4458-013-016
  • Lot Size Area: 5898

Rental Info

  • Court Approve: Yes

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 24, 2012
Sold by
Saidoff Netanel H and Saidoff Netanel
Bought by
Saidoff Netanel H
Current Estimated Value
$7,856,442

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,840,000
Outstanding Balance
$3,155,416
Interest Rate
1.83%
Mortgage Type
New Conventional
Estimated Equity
$4,701,026

Purchase Details

Listed on
Apr 6, 2011
Closed on
Jun 20, 2012
Sold by
Saidoff Netanel and Saidoff Naty
Bought by
Saidoff Netanel
Seller's Agent
Gayle Pritchett-Macleod
Sotheby's International Realty
Buyer's Agent
Jennifer Kessler
Pinnacle Estate Properties
List Price
$8,900,000
Sold Price
$7,300,000
Premium/Discount to List
-$1,600,000
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.54%
Original Mortgage
$5,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2011
Closed on
May 17, 2012
Sold by
Smith Saidoff Debra
Bought by
Saidoff Naty
Seller's Agent
Gayle Pritchett-Macleod
Sotheby's International Realty
Buyer's Agent
Jennifer Kessler
Pinnacle Estate Properties
List Price
$8,900,000
Sold Price
$7,300,000
Premium/Discount to List
-$1,600,000
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional

Purchase Details

Listed on
Apr 6, 2011
Closed on
May 11, 2012
Sold by
Beringer David P and Estate Of Marshall L Mcdaniel
Bought by
Saidoff Naty
Seller's Agent
Gayle Pritchett-Macleod
Sotheby's International Realty
Buyer's Agent
Jennifer Kessler
Pinnacle Estate Properties
List Price
$8,900,000
Sold Price
$7,300,000
Premium/Discount to List
-$1,600,000
-17.98%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
2.25%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Saidoff Netanel H -- Old Republic Title Co La
Saidoff Netanel -- Old Republic Title Co La
Saidoff Naty -- First American Title Company
Saidoff Naty $7,300,073 First American Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Saidoff Netanel H $5,840,000
Closed Saidoff Netanel $5,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/22/2012 05/22/12 Sold $7,300,000 -7.6% $2,028 / Sq Ft
05/18/2012 05/18/12 Pending -- -- --
11/02/2011 11/02/11 Price Changed $7,900,000 -11.2% $2,195 / Sq Ft
09/08/2011 09/08/11 For Sale $8,900,000 0.0% $2,473 / Sq Ft
09/08/2011 09/08/11 Price Changed $8,900,000 +21.9% $2,473 / Sq Ft
06/22/2011 06/22/11 Off Market $7,300,000 -- --
04/06/2011 04/06/11 For Sale $10,750,000 -- $2,987 / Sq Ft
Source: The MLS

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 $104,018 $9,169,208 $7,536,338 $1,632,870
2024 $104,018 $8,989,420 $7,388,567 $1,600,853
2023 $102,110 $8,813,158 $7,243,694 $1,569,464
2022 $100,876 $8,640,352 $7,101,661 $1,538,691
2021 $98,557 $8,470,934 $6,962,413 $1,508,521
2019 $96,654 $8,219,683 $6,755,905 $1,463,778
2018 $91,848 $8,058,514 $6,623,437 $1,435,077
2016 $88,586 $7,745,594 $6,366,242 $1,379,352
2015 $87,373 $7,629,249 $6,270,616 $1,358,633
2014 $86,041 $7,479,804 $6,147,784 $1,332,020
Source: Public Records

Agents Affiliated with this Home

  • Gayle Pritchett-Macleod

    Seller's Agent in 2012

    Gayle Pritchett-Macleod

    Sotheby's International Realty

    (310) 748-1580

    3 in this area

    29 Total Sales

    Gayle Pritchett-Macleod
    Section Image
  • Matthew Ogden

    Seller Co-Listing Agent in 2012

    Matthew Ogden

    Compass

    (310) 990-2079

    1 in this area

    3 Total Sales

    Matthew Ogden
    Section Image

  • J

    Buyer's Agent in 2012

    Jennifer Kessler

    Pinnacle Estate Properties

See All Agents

Map

Source: The MLS

MLS Number: 11-518539

The MLS

APN: 4458-013-016

California Los Angeles County Malibu 90265 Malibu Road

24848 Malibu Rd, Malibu, CA

Not Listed for Sale

Detached

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