NOT LISTED FOR SALE

28904 Verde Mesa Ln Malibu, CA 90265

Malibu Park Neighborhood

Estimated Value: $1,378,000 - $4,685,000

1.05 Acres
$2,639,877 Price per Acre
45,531 Sq Ft Lot

Last Sold August 14, 2020

Last sale price $925,000 $168 Per Sq Ft

Est. 184% increase in value since last sale

Current estimated payment $15,435/month

31 Days on Market

About This Lot

As of August 2020

Bring in the New year w/ this Great opportunity to rebuild "YOUR" new Dream Home. Located on a quiet Cul-de-sac, this one Acre Ocean and Canyon View Estate site, boasted over 5,500 sq ft w/ 3 car garage. There is room for a beautiful pool and entertainment area plus an additional 10% sq footage buildout, provided by the City of Malibu for those affected by the fire. Behind private gates of tranquil Cavalari Estates...endless possibilities await you!

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 07/06/2020

Compass

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 07/06/2020

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,385

Lot Details

  • 1.05 Acre Lot
  • Property is zoned LCRA1*

Property Views

  • Ocean
  • Canyon
  • Mountain

Utilities

  • Property is located within a water district

Listing and Financial Details

  • Assessor Parcel Number 4467-018-030

Property Details

Property Type

Land

Est. Annual Taxes

$12,385

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

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

Utilities

  • Cable: No
  • Electric: In Street
  • Gas: In Street
  • Telephone Service: In Street
  • Telephone: No
  • Water: District

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4467-018-030
  • Lot Size Area: 45531
  • Staked: No

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 12, 2020
Sold by
Gatus Caryl
Bought by
Huynh Eric
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%
Current Estimated Value
$2,630,545

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,705,545
Avg. Annual Appreciation
24.49%
Original Mortgage
$500,000
Outstanding Balance
$445,526
Interest Rate
3%
Mortgage Type
Seller Take Back
Estimated Equity
$2,313,800

Purchase Details

Listed on
Jul 6, 2020
Closed on
Aug 10, 2020
Sold by
Birdsall Tracey
Bought by
Huynh Eric
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$995,000
Sold Price
$925,000
Premium/Discount to List
-$70,000
-7.04%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$500,000
Outstanding Balance
$445,526
Interest Rate
3%
Mortgage Type
Seller Take Back
Estimated Equity
$2,313,800

Purchase Details

Closed on
Aug 14, 2006
Sold by
Schultz Theodore Charles and Schultz Maria Koeck
Bought by
Birdsall Tracey

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,800,000
Interest Rate
7.54%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Jul 14, 2004
Sold by
Schultz Theodore Charles and Schultz Maria Koeck
Bought by
Schultz Theodore Charles

Purchase Details

Closed on
Nov 12, 2001
Sold by
Maron Thomas E and Maron Marilyn E
Bought by
Schultz Theodore

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
5.75%

Purchase Details

Closed on
Aug 16, 1999
Sold by
Maron Thomas E
Bought by
Maron Thomas E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,056,250
Interest Rate
7.76%
Mortgage Type
Construction
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
Huynh Eric -- Usa National Title Co
Huynh Eric $925,000 Usa National Title Co Inc
Birdsall Tracey $2,800,000 Equity Title Company
Schultz Theodore Charles -- --
Schultz Theodore $1,475,000 Commonwealth Land Title Co
Maron Thomas E -- Fidelity National Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Huynh Eric $500,000
Previous Owner Birdsall Tracey $300,000
Previous Owner Birdsall Tracey $500,000
Previous Owner Birdsall Tracey $250,000
Previous Owner Birdsall Tracey $2,800,000
Previous Owner Schultz Theodore Charles $1,090,000
Previous Owner Schultz Theodore Charles $1,090,000
Previous Owner Schultz Theodore Charles $1,090,000
Previous Owner Schultz Theodore $1,100,000
Previous Owner Maron Thomas E $1,056,250
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/14/2020 08/14/20 Sold $925,000 -7.0% $168 / Sq Ft
08/06/2020 08/06/20 Pending -- -- --
07/06/2020 07/06/20 For Sale $995,000 -- $181 / 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 $12,385 $1,021,273 $1,021,273 --
2024 $12,385 $1,001,249 $1,001,249 --
2023 $12,113 $981,617 $981,617 $0
2022 $11,910 $962,370 $962,370 $0
2021 $11,626 $943,500 $943,500 $0
2020 $31,322 $2,653,353 $2,653,249 $104
2019 $31,206 $2,601,327 $2,601,225 $102
2018 $38,038 $3,296,985 $2,550,221 $746,764
2016 $36,625 $3,168,961 $2,451,194 $717,767
2015 $36,134 $3,121,361 $2,414,375 $706,986
2014 $32,357 $2,775,000 $2,146,000 $629,000
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2020

    Chris Cortazzo

    Compass

    (310) 457-3995

    35 in this area

    225 Total Sales

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Map

Source: The MLS

MLS Number: 20-600268

The MLS

APN: 4467-018-030

California Los Angeles County Malibu 90265 Malibu Park

28904 Verde Mesa Ln, Malibu, CA

This home is located at 28904 Verde Mesa Ln, Malibu, CA 90265 since 06 July 2020 and is currently estimated at $2,759,326, approximately $500 per square foot. 28904 Verde Mesa Ln is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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