NOT LISTED FOR SALE

Estimated Value: $5,713,000 - $7,846,000

3 Beds
2.5 Baths
2,183 Sq Ft
$3,311/Sq Ft Est. Value

Last Sold May 24, 2021

Last sale price $5,600,000 $2,565 Per Sq Ft

Est. 29% increase in value since last sale

Current estimated payment $44,824/month

Highlights

  • Ocean View
  • Living Room with Fireplace
  • Breakfast Bar
  • Malibu Elementary School Rated A
  • Wood Flooring
  • Open Patio

About This Home

As of March 2024

A freshly updated ranch house on Point Dume with a Riviera II beach key to Little Dume and ocean views! This single-level home offers a peaceful, gated retreat with 3 bedrooms, comfortable living spaces, and sweeping views out to Palos Verdes and Catalina. The grounds offer a private oasis with verdant gardens and mature trees. Inside, the home is flooded with natural light and Malibu charm. The dining room enjoys soaring ceilings with warm wooden accents and adjoins an open-concept kitchen with a gas range and breakfast bar. There are dual ocean-view living rooms with new wood floors, one with a television and the other with floor-to-ceiling windows. A large primary suite offers new wood floors, two closets, and an en-suite bathroom with a walk-in shower and soaking tub. There are two additional bedrooms, a large laundry room with a new sink, and a detached two-car garage. The lease includes a coveted beach key to Little Dume, Malibu's most private and idyllic beach. Enjoy life on the Point moments from the beach path, Point Dume Village, beaches, schools, and more! Available now for long-term lease unfurnished.

Last Agent to Rent the Property

Justin Cumbee

Compass License #02037837 Listed on: 02/02/2024

Compass

Co-Listed By

Tony Mark

Compass License #01205648

Last Renter's Agent

christian stevens

Core Real Estate Group License #01113365

Core Real Estate Group

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $69,027

Year Built

  • Built in 1955

Lot Details

  • 1 Acre Lot
  • Property is zoned LCRA1*

Property Views

  • Ocean
  • Catalina
  • Mountain

Interior Spaces

  • 2,183 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace
  • Dining Area

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Microwave
  • Dishwasher

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 4 Open Parking Spaces
  • 6 Parking Spaces
  • Auto Driveway Gate

Additional Features

  • Open Patio
  • Central Heating

Listing and Financial Details

  • Security Deposit $35,000
  • Tenant pays for gas, electricity, cable TV, water, trash collection
  • 12 Month Lease Term
  • Assessor Parcel Number 4466-018-012

Home Details

Home Type

Single Family

Est. Annual Taxes

$69,027

Year Built

Built in 1955

Lot Details

0

Rental Info

  • Security Deposit: 35000
  • Tenant Pays: Gas, Electricity, Cable TV, Water, Trash Collection

Listing Details

  • Property Type: Residential Lease
  • Style: Ranch
  • Single Family Or Apt: Single Family
  • Levels: One
  • Street Number Display: Yes
  • Lease Terms: 1+Year
  • Living Area: 2183
  • Lot Acreage: 0.9978
  • Stories: 1
  • Year Built: 1955
  • Number Of Photos: 24
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Tile, Wood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 1
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Laundry: Room
  • Total Bathrooms: 3.00
  • Den: 0
  • Equipment: Washer, Dryer, Dishwasher, Range/Oven, Refrigerator, Microwave
  • Price Per S Q F T: 8.02

Exterior Features

  • Pool: No
  • View: Ocean, Mountains, Catalina
  • View: Yes

Garage/Parking

  • Other Spaces: 4
  • Covered Parking: 2
  • Parking Garage: Garage - 2 Car, Driveway Gate
  • Total Parking: 6

Utilities

  • Heating: Central

Association/Amenities

  • Pet Rules: Call

Lot Info

  • Assessor Parcel Number: 4466-018-012
  • Lot Size Area: 43466

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 19, 2020
Closed on
Apr 28, 2021
Sold by
Loosen John Scott
Bought by
Ridgeview Llc
Seller's Agent
Hassen Masri
Pinnacle Estate Properties
Buyer's Agent
Hassen Masri
Pinnacle Estate Properties
List Price
$5,995,000
Sold Price
$5,600,000
Premium/Discount to List
-$395,000
-6.59%
Current Estimated Value
$7,226,943

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,626,943
Avg. Annual Appreciation
6.11%

Purchase Details

Closed on
May 15, 2002
Sold by
Loosen Ronald and Loosen Barbara
Bought by
Loosen Ronald

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$264,500
Interest Rate
6.83%

Purchase Details

Closed on
Mar 4, 1996
Sold by
Loosen Ronald E and Loosen Barbara A
Bought by
Loosen Ronald and Loosen Barbara
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
Ridgeview Llc $5,600,000 Priority Title Company
Loosen Ronald -- United Title Company
Loosen Ronald -- United Title Company
Loosen Ronald -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Loosen Ronald $400,000
Previous Owner Loosen Ronald $500,000
Previous Owner Loosen Ronald $264,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/28/2024 03/28/24 Rented $15,500 -11.4% --
03/17/2024 03/17/24 Under Contract -- -- --
02/02/2024 02/02/24 For Rent $17,500 0.0% --
07/10/2023 07/10/23 Rented $17,500 0.0% --
07/03/2023 07/03/23 Under Contract -- -- --
06/23/2023 06/23/23 For Rent $17,500 0.0% --
05/24/2021 05/24/21 Sold $5,600,000 -6.6% $2,565 / Sq Ft
04/23/2021 04/23/21 Pending -- -- --
09/19/2020 09/19/20 For Sale $5,995,000 -- $2,746 / 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 $69,027 $6,061,618 $4,849,295 $1,212,323
2024 $69,027 $5,942,763 $4,754,211 $1,188,552
2023 $67,743 $5,826,240 $4,660,992 $1,165,248
2022 $66,919 $5,712,000 $4,569,600 $1,142,400
2021 $67,759 $5,808,275 $4,122,268 $1,686,007
2020 $67,379 $5,748,720 $4,080,000 $1,668,720
2019 $3,280 $206,196 $105,468 $100,728
2018 $3,035 $202,153 $103,400 $98,753
2016 $2,894 $194,305 $99,386 $94,919
2015 $2,856 $191,388 $97,894 $93,494
2014 $2,855 $187,640 $95,977 $91,663
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-354595

The MLS

APN: 4466-018-012