NOT LISTED FOR SALE

2870 Corral Canyon Rd Malibu, CA 90265

El Nido Neighborhood

Estimated Value: $3,751,000 - $8,393,000

5 Acres
$1,116,746 Price per Acre
217,800 Sq Ft Lot

Last Sold December 31, 2012

Last sale price $820,000

Est. 572% increase in value since last sale

Current estimated payment $32,631/month

1,682 Days on Market

Highlights

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

About This Lot

As of December 2012

COME ON EVERYONE. THIS HAS IT ALL. INCLUDING A HUGE PRICE REDUCTION AND PERMITS. OWNER WANTS TO SELL THIS RIGHT NOW!! Spectacular 5 Acre ocean view property only 2 minutes from the PCH. Complete building approval including the Coastal Commission and Los Angeles County. Current permits are paid for and active. Project is vested. The Driveway is in. Foundation for garage/guest house now being poured. Plans call for a 5960 SF architectural house plus a 750 SF guest house. You could be living in this fabulous new home in no time!

Last Agent to Sell the Property

Chris Frost

Sotheby's International Realty License #00499287 Listed on: 02/01/2008

Last Buyer's Agent

Marcus Beck

Sotheby's International Realty License #00971376

Property Details

Property Type

  • Land

Lot Details

  • 5 Acre Lot

Property Views

  • Ocean
  • City Lights
  • Canyon
  • Mountain

Utilities

  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4457-013-055

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 5.0000
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Canyon, City Lights, Mountains, Ocean
  • View: Yes

Utilities

  • Cable: Yes
  • Electric: In Street
  • Gas: In Street
  • Sewer: Septic Tank
  • Telephone: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4457-013-055
  • Lot Size Area: 217800
  • Topography: Flat,Pad

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jan 3, 2020
Sold by
Angel View Llc
Bought by
Fettke Rich and Fettke Katherine
Current Estimated Value
$5,508,748

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,670,000
Outstanding Balance
$2,363,590
Interest Rate
3.7%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$3,220,138

Purchase Details

Closed on
Jan 29, 2018
Sold by
Lilly Bean Llc
Bought by
Angel View Llc
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
Fettke Rich -- Equity Title Los Angeles
Angel View Llc $1,455,000 Fidelity National Title Comp
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Fettke Rich $2,670,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
12/31/2012 12/31/12 Sold $820,000 -45.3% --
09/09/2012 09/09/12 Pending -- -- --
02/01/2008 02/01/08 For Sale $1,500,000 -- --
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 $46,252 $4,003,637 $2,402,180 $1,601,457
2024 $46,252 $3,925,135 $2,355,079 $1,570,056
2023 $45,261 $3,848,172 $2,308,901 $1,539,271
2022 $44,807 $3,772,719 $2,263,629 $1,509,090
2021 $43,814 $3,698,745 $2,219,245 $1,479,500
2020 $41,062 $3,450,442 $1,513,782 $1,936,660
2019 $27,931 $1,484,100 $1,484,100 $0
2018 $10,545 $887,253 $887,253 $0
2017 $10,493 $869,856 $869,856 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Frost

    Seller's Agent in 2012

    Chris Frost

    Sotheby's International Realty

    (310) 721-6881

    13 Total Sales

    Chris Frost
    Section Image
  • Marcus Beck

    Buyer's Agent in 2012

    Marcus Beck

    Sotheby's International Realty

    (310) 456-9405

    30 Total Sales

    Marcus Beck
    Section Image
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Map

Source: The MLS

MLS Number: 08-251911

The MLS

APN: 4457-013-074

California Los Angeles County Malibu 90265 El Nido

2870 Corral Canyon Rd, Malibu, CA

Not Listed for Sale

Lots

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