NOT LISTED FOR SALE

27400 Old Chimney Rd Malibu, CA 90265

Estimated Value: $376,609 - $419,000

29 Acres
$13,717 Price per Acre
1,263,240 Sq Ft Lot

Last Sold April 14, 2023

Last sale price $398,000

Est. 5% decrease in value since last sale

Current estimated payment $2,551/month

37 Days on Market

Highlights

  • Ocean View
  • Webster Elementary School Rated A
  • 29 Acre Lot

About This Lot

As of April 2023

Escape to your private oasis in the exclusive hills of Malibu with breathtaking ocean views. This rare gem of land offers ample 29 acres of land, 1,280,803 lot size for you to sprawl and be one with nature. Imagine waking up every morning to spectacular canyon and ocean views, the sight of the glittering Pacific Ocean stretching out before you. With this prime location, you will have the best of both worlds, a peaceful and serene environment while only minutes away from Malibu's world-class dining, shopping, and entertainment options. The land boasts a spacious and flat buildable area, allowing endless possibilities to create your dream home. Whether you want a modern mansion or a cozy beach cottage, this land is the perfect canvas for your vision. The views from the property are stunning and will provide a unique and breathtaking backdrop for your daily life. Take advantage of this once-in-a-lifetime opportunity to own a piece of paradise in one of the most beautiful canyons in Malibu. With its prime location and breathtaking views, this land is the ideal place for those looking for the ultimate luxury of living. Geological and soil reports are available. Water and electricity are nearby.

Last Agent to Sell the Property

Rinde Philippe

Berkshire Hathaway HomeServices California Properties License #01895315 Listed on: 02/13/2023

Berkshire Hathaway HomeServices California Properties

Last Buyer's Agent

Rinde Philippe

Berkshire Hathaway HomeServices California Properties License #01895315 Listed on: 02/13/2023

Berkshire Hathaway HomeServices California Properties

Property Details

Property Type

  • Land

Lot Details

  • 29 Acre Lot
  • Property is zoned LCA11*

Property Views

  • Ocean
  • Skyline
  • Canyon
  • Park or Greenbelt

Listing and Financial Details

  • Assessor Parcel Number 4465-013-001

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 29.0000
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, Ocean, Green Belt, Skyline
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4465-013-001
  • Lot Size Area: 1280938

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 13, 2023
Closed on
Mar 23, 2023
Sold by
Wallis Ronald Michael
Bought by
Crystal Falls Malibu Llc
Seller's Agent
Rinde Philippe
Berkshire Hathaway HomeServices California Properties
Buyer's Agent
Rinde Philippe
Berkshire Hathaway HomeServices California Properties
List Price
$449,000
Sold Price
$398,000
Premium/Discount to List
-$51,000
-11.36%
Views
249
Current Estimated Value
$376,693

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$21,307
Avg. Annual Appreciation
-0.02%

Purchase Details

Listed on
Sep 5, 2017
Closed on
Jan 30, 2018
Sold by
Wells Fargo Bank Na
Bought by
Wallis Ronald Michael
Seller's Agent
Roy Brasher
RE/MAX One
List Price
$370,000
Sold Price
$330,000
Premium/Discount to List
-$40,000
-10.81%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.68%

Purchase Details

Closed on
May 31, 2017
Sold by
Olvis William P
Bought by
Wells Fargo Bank Na

Purchase Details

Closed on
Jan 12, 2003
Sold by
Kinsling John H and The Kinsling Family Trust
Bought by
Olvis William P

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$374,500
Interest Rate
7.95%
Mortgage Type
Balloon

Purchase Details

Closed on
Aug 16, 1997
Sold by
Kinsling Ruth L and Kinsling John H
Bought by
Kinsling John H and Kinsling Ruth L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

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Average Value
Not Available
List Price
Sold Price
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Purchase History

Date Buyer Sale Price Title Company
Crystal Falls Malibu Llc $398,000 California Title Company
Wallis Ronald Michael $330,000 Stewart Title Guaranty
Wells Fargo Bank Na $300,426 First American Title
Olvis William P $269,000 Investors Title Company
Olvis William P $268,500 Investors Title Company
Kinsling John H -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olvis William P $374,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
04/14/2023 04/14/23 Sold $398,000 -11.4% --
03/22/2023 03/22/23 Pending -- -- --
02/13/2023 02/13/23 For Sale $449,000 +36.1% --
02/10/2018 02/10/18 Sold $330,000 -10.8% -- View Prior Sale
01/19/2018 01/19/18 Pending -- -- --
09/05/2017 09/05/17 For Sale $370,000 -- --
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 $7,134 $414,079 $414,079 --
2024 $7,134 $405,960 $405,960 --
2023 $6,044 $360,901 $360,901 $0
2022 $5,945 $353,825 $353,825 $0
2021 $6,230 $346,888 $346,888 $0
2019 $4,699 $336,600 $336,600 $0
2018 $9,685 $681,360 $681,360 $0
2017 $9,958 $667,730 $667,730 $0
2016 $8,921 $654,638 $654,638 $0
2015 $8,905 $644,805 $644,805 $0
2014 $8,050 $635,045 $635,045 $0
Source: Public Records

Agents Affiliated with this Home

  • Rinde Philippe

    Seller's Agent in 2023

    Rinde Philippe

    Berkshire Hathaway HomeServices California Properties

    (310) 829-0629

    33 Total Sales

    Rinde Philippe
    Section Image

  • R

    Seller's Agent in 2018

    Roy Brasher

    RE/MAX

See All Agents

Map

Source: The MLS

MLS Number: 23-241159

The MLS

APN: 4465-013-001

California Los Angeles County Malibu 90265

27400 Old Chimney Rd, Malibu, CA

Not Listed for Sale

Lots

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