NOT LISTED FOR SALE

Estimated Value: $5,326,000 - $7,052,000

3 Beds
2 Baths
1,405 Sq Ft
$4,682/Sq Ft Est. Value

Last Sold September 30, 2014

Last sale price $3,250,000 $2,313 Per Sq Ft

Est. 87% increase in value since last sale

Current estimated payment $36,965/month

35 Days on Market

Highlights

  • Park or Greenbelt View
  • Breakfast Area or Nook
  • Laundry Room
  • Malibu Elementary School Rated A
  • Built-In Features
  • Central Heating

About This Home

As of September 2014

This is a Probate Sale. Great opportunity to purchase on Pt. Dume with key to the beach. All offers to be submitted on C.A.R. Probate Purchase Agreement (PPA-11), Probate Advisory (2 pages), with Seller's "AS-IS" Addendum Disclosure. All offers subject to Trust Company and Beneficiary approval as applicable. Seller's choice of services. Buyer to submit lender pre-qual letter and proof of funds. Property is to be properly exposed to the open market and the Administrator will not respond to any offers before September 10, 2014. Seller will NOT provide termite report and clearance, Home Protection Policy, repairs or credit for repairs. The City of Malibu has recorded a violation against the property for an un-permitted habitable structure (Guest House) and Buyer will be responsible for the removal of the un-permitted structure after the close of Escrow. Buyer is responsible for any and all costs associated with obtaining a City of Malibu Onsite Waste Water Operating Permit.

Last Agent to Sell the Property

Marcus Beck

Sotheby's International Realty License #00971376 Listed on: 08/14/2014

Co-Listed By

Allis Ray

Allison Ray Realty License #01235858

Last Buyer's Agent

Wendy Carroll

Westside Estate Agency-Malibu License #01188306

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $44,876

Year Built

  • Built in 1957

Lot Details

  • 1.04 Acre Lot
  • Gated Home
  • Property is zoned LCRA1*

Parking

  • Driveway

Property Views

  • Park or Greenbelt
  • Pool

Interior Spaces

  • 1,405 Sq Ft Home
  • 1-Story Property
  • Built-In Features
  • Entryway
  • Family Room
  • Center Hall
  • Breakfast Area or Nook
  • Alarm System
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Utilities

  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4466-018-023

Home Details

Home Type

Single Family

Est. Annual Taxes

$44,876

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 1405
  • Planned Urban Dev: 0
  • Probate: Yes
  • Stories: 1
  • Year Built: 1957
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Flooring: Mixed
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins
  • Price Per S Q F T: 1775.80

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: Green Belt, Pool
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Gated
  • Sewer: Septic Tank

Lot Info

  • Assessor Parcel Number: 4466-018-023
  • Geocode Override: No
  • Lot Size Area: 45205

Rental Info

  • Court Approve: No

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 14, 2014
Closed on
Sep 22, 2014
Sold by
Farmers & Merchants Trust Company Of Lon
Bought by
Bowen Family Trust
Seller's Agent
Marcus Beck
Sotheby's International Realty
Buyer's Agent
Wendy Carroll
Westside Estate Agency-Malibu
List Price
$2,495,000
Sold Price
$3,250,000
Premium/Discount to List
$755,000
30.26%
Current Estimated Value
$6,068,243

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,818,243
Avg. Annual Appreciation
6.77%

Purchase Details

Closed on
May 22, 2000
Sold by
Olvis William P
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
$700,000
Interest Rate
8.18%

Purchase Details

Closed on
Mar 14, 2000
Sold by
Olvis Cathleen J
Bought by
Olvis William

Purchase Details

Closed on
Jan 4, 1996
Sold by
Hagman Larry
Bought by
Olvis William P and Olvis Cathleen J

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$420,000
Interest Rate
7.25%
Source: Public Records

Range of Values:

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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
Bowen Family Trust $3,250,000 Ticor Title Company
Olvis William P -- Benefit Land Title Company
Olvis William -- --
Olvis William P $525,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Olvis William P $650,000
Previous Owner Olvis William P $650,000
Previous Owner Olvis William P $1,400,000
Previous Owner Olvis William P $100,000
Previous Owner Olvis William P $190,000
Previous Owner Olvis William P $999,000
Previous Owner Olvis William P $164,000
Previous Owner Olvis William P $70,000
Previous Owner Olvis William P $840,000
Previous Owner Olvis William P $840,000
Previous Owner Olvis William P $150,000
Previous Owner Olvis William P $850,000
Previous Owner Olvis William P $700,000
Previous Owner Olvis William P $420,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/30/2014 09/30/14 Sold $3,250,000 +30.3% $2,313 / Sq Ft
09/18/2014 09/18/14 Pending -- -- --
08/14/2014 08/14/14 For Sale $2,495,000 -- $1,776 / 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 $44,876 $3,906,006 $3,124,807 $781,199
2024 $44,876 $3,829,419 $3,063,537 $765,882
2023 $44,026 $3,754,333 $3,003,468 $750,865
2022 $43,469 $3,680,720 $2,944,577 $736,143
2021 $42,455 $3,608,550 $2,886,841 $721,709
2020 $42,216 $3,571,549 $2,857,240 $714,309
2019 $41,631 $3,501,519 $2,801,216 $700,303
2018 $39,430 $3,432,863 $2,746,291 $686,572
2016 $38,026 $3,299,562 $2,639,650 $659,912
2015 $37,515 $3,250,000 $2,600,000 $650,000
2014 $8,786 $711,463 $569,177 $142,286
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 14-785965

The MLS

APN: 4466-018-023