NOT LISTED FOR SALE

28298 Rey de Copas Ln Malibu, CA 90265

Estimated Value: $896,000 - $1,081,000

2 Beds
2.5 Baths
1,306 Sq Ft
$770/Sq Ft Est. Value

Last Sold March 07, 2024

Last sale price $960,000 $735 Per Sq Ft

Est. 5% increase in value since last sale

Current estimated payment $7,109/month

17 Days on Market

Highlights

  • Ocean View
  • Gated with Attendant
  • Clubhouse
  • Webster Elementary School Rated A
  • In Ground Pool
  • Contemporary Architecture

About This Home

As of March 2024

Don't let this opportunity pass you by! Experience the charm of this updated Malibu townhome that offers ocean views and an inviting light, bright interior. Situated in the front row of the gated community, Malibu Villas, this coveted end-unit is one of the best-priced opportunities in all of Malibu. Embrace the coastal lifestyle with the convenience of being across the street from Paradise Cove beach and cafe, and a moment's drive from Malibu's best amenities. The desirable two-story layout offers open living areas on the entry level and private bedroom suites above. Upon entry, the property offers a large living room with high wood-beamed ceilings, a fireplace, a powder room, and sliding glass doors leading out onto the ocean-view patio. The adjacent dining area flows seamlessly into an updated kitchen with new stainless steel appliances, custom wooden cabinetry, a breakfast nook, and access to an enclosed courtyard patio made for indoor/outdoor living. Upstairs, a comfortable ocean-view master suite boasts vaulted beamed ceilings, a private sun-soaked patio, and a bathroom with dual vanities, a shower and soaking tub, and a walk-in closet. The second bedroom features beautiful natural light and an en-suite bathroom with plentiful closet space. Additional features include an attached two-car garage with a 240 volt electrical plug, and a laundry area. This peaceful community has excellent amenities including a gate guard, pool/spa, clubhouse, and guest parking. Residents here enjoy access to the famous Paradise Cove beach across the street and ideal central location moments from Point Dume Village, Zuma Beach, and Trancas Country Market. This tastefully updated townhome is Malibu luxury at a rare price point, come and see it for yourself.

Last Agent to Sell the Property

Patricia Palafox Escalante

Compass License #02074352 Listed on: 01/26/2024

Compass

Last Buyer's Agent

Patricia Palafox Escalante

Compass License #02074352 Listed on: 01/26/2024

Compass

Townhouse Details

Home Type

  • Townhome

Est. Annual Taxes

  • $11,744

Year Built

  • Built in 1974

Lot Details

  • 5,615

HOA Fees

  • $855 Monthly HOA Fees

Home Design

  • Contemporary Architecture
  • Entry on the 1st floor

Interior Spaces

  • 1,306 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Area
  • Ocean Views
  • Laundry in Garage

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Tile
  • Vinyl Plank

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Powder Room

Home Security

Parking

  • 2 Car Attached Garage
  • Guest Parking

Pool

  • In Ground Pool
  • Spa

Outdoor Features

  • Balcony
  • Enclosed Patio or Porch

Additional Features

  • 5,615 Sq Ft Lot
  • Heating Available

Listing and Financial Details

  • Assessor Parcel Number 4467-032-088

Community Details

Overview

  • 116 Units

Amenities

  • Clubhouse

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Security

  • Gated with Attendant
  • Carbon Monoxide Detectors
  • Fire and Smoke Detector

Townhouse Details

Home Type

Townhome

Est. Annual Taxes

$11,744

Year Built

Built in 1974

Lot Details

0

HOA Fees

$855 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Townhouse
  • Style: Contemporary Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: Malibu Villas
  • Entry Floor: 1
  • Living Area: 1306
  • Lot Acreage: 0.1289
  • Planned Urban Dev: 0
  • Stories: 2
  • Unit Floor In Building: 1
  • Year Built: 1974
  • Number Of Photos: 27
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Tile, Vinyl Plank
  • Bedrooms: 2
  • Fireplaces: 1
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Dishwasher, Microwave, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 680.70

Exterior Features

  • Other Features: Balcony
  • Pool Description: Community
  • Pool: Yes
  • Spa: Community
  • Spa Yn: Yes
  • View: Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Attached, Garage - 2 Car, Parking for Guests - Onsite
  • Total Parking: 2

Utilities

  • Heating: Electric
  • Security: Gated Community with Guard, Carbon Monoxide Detector(s), Smoke Detector

Association/Amenities

  • Amenities: Clubhouse, Gated Community Guard, Guest Parking, Pool, Spa
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 855.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4467-032-088
  • Lot Size Area: 5615

Rental Info

  • Land Lease Purchase Yn: No

Multi Family

  • Number Of Units: 116

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 26, 2024
Closed on
Feb 13, 2024
Sold by
Declaration Of Trust
Bought by
Asvadi/Pakfar Family Trust and Asvadi
Seller's Agent
Patricia Palafox Escalante
Compass
Buyer's Agent
Patricia Palafox Escalante
Compass
List Price
$889,000
Sold Price
$960,000
Premium/Discount to List
$71,000
7.99%
Views
69
Current Estimated Value
$1,005,794

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$45,794
Avg. Annual Appreciation
2.86%
Original Mortgage
$720,000
Outstanding Balance
$707,465
Interest Rate
6.69%
Mortgage Type
New Conventional
Estimated Equity
$298,329
Source: Public Records

Range of Values:

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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
Asvadi/Pakfar Family Trust $960,000 Lawyers Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Asvadi/Pakfar Family Trust $720,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/07/2024 03/07/24 Sold $960,000 +8.0% $735 / Sq Ft
02/12/2024 02/12/24 Pending -- -- --
01/26/2024 01/26/24 For Sale $889,000 -- $681 / 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 $11,744 $979,200 $306,000 $673,200
2024 $11,744 $960,000 $300,000 $660,000
2023 $4,469 $324,302 $120,926 $203,376
2022 $4,401 $317,944 $118,555 $199,389
2021 $4,276 $311,711 $116,231 $195,480
2019 $4,184 $302,468 $112,785 $189,683
2018 $3,972 $296,538 $110,574 $185,964
2016 $3,807 $285,025 $106,281 $178,744
2015 $3,754 $280,745 $104,685 $176,060
2014 $3,715 $275,247 $102,635 $172,612
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-349585

The MLS

APN: 4467-032-088