NOT LISTED FOR SALE

28981 Cliffside Dr Malibu, CA 90265

Estimated Value: $5,801,000 - $12,323,430

3 Beds
3 Baths
2,724 Sq Ft
$3,334/Sq Ft Est. Value

Last Sold October 01, 2013

Last sale price $4,500,000 $1,652 Per Sq Ft

Est. 102% increase in value since last sale

Current estimated payment $56,801/month

180 Days on Market

Highlights

  • Detached Guest House
  • Heated In Ground Pool
  • Wood Flooring
  • Malibu Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Den

About This Home

As of October 2013

Private beach access and amazing location on one of Malibu's most desired streets! This single story ranch home has a heated pool and sits on over one flat acre of grass and mature trees. Additionally, you have a small basement, formal dining room off of kitchen, large office/library and tons of charm. There is room for a tennis court or for numerous expansion/development options.

Last Agent to Sell the Property

Joseph Shane Tourtelot

Compass License #01410045 Listed on: 02/15/2013

Compass

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1948

Lot Details

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

Interior Spaces

  • 2,724 Sq Ft Home
  • 1-Story Property
  • Wood Burning Fireplace
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Den
  • Wood Flooring
  • Property Views
  • Basement

Kitchen

  • Oven or Range
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Fireplace in Primary Bedroom
  • 3 Bathrooms

Laundry

  • Laundry in Garage
  • Washer

Parking

  • 3 Car Attached Garage
  • Garage Door Opener

Outdoor Features

  • Heated In Ground Pool
  • Open Patio

Additional Homes

  • Detached Guest House

Utilities

  • Central Heating
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4466-010-001

Home Details

Home Type

Single Family

Year Built

Built in 1948

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: 2724
  • Lot Acreage: 1.1000
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1948
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom, Wood Burning
  • Flooring: Hardwood
  • Bedrooms: 3
  • Fireplaces: 2
  • Laundry: Garage
  • Total Bathrooms: 3.00
  • Equipment: Garbage Disposal, Hood Fan, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1833.70

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Detached
  • Pool Description: Heated, Private
  • Pool: Yes
  • Spa Yn: No
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Attached, Door Opener, Private Garage
  • Total Parking: 3

Utilities

  • Heating: Central
  • Security: Gated
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4466-010-001
  • Geocode Override: No
  • Lot Size Area: 48001

Multi Family

  • Number Of Units: 1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 10, 2019
Sold by
Akkaway Edward and Akkaway Melissa
Bought by
Akkaway Edward S and Akkaway Melissa R
Current Estimated Value
$9,081,143

Purchase Details

Listed on
Feb 15, 2013
Closed on
Aug 20, 2013
Sold by
First Point Investment Inc
Bought by
Akkaway Edward and Akkaway Melissa
Seller's Agent
Joseph Shane Tourtelot
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$4,995,000
Sold Price
$4,500,000
Premium/Discount to List
-$495,000
-9.91%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
5.89%

Purchase Details

Closed on
Oct 13, 2011
Sold by
Vuylsteke Joel W and The Cliffside Trust
Bought by
First Point Investment Inc

Purchase Details

Closed on
May 23, 2006
Sold by
Midwest Properties Inc
Bought by
Vuylsteke Joel W and The Cliffside Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,000,000
Interest Rate
6.75%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 20, 2005
Sold by
Macgregor Christine
Bought by
Midwest Properties Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Sep 15, 2005
Sold by
Fante James P and Cohen Victoria F
Bought by
Macgregor Christine

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$630,000
Interest Rate
5.72%
Mortgage Type
Credit Line Revolving
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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Purchase History

Date Buyer Sale Price Title Company
Akkaway Edward S -- None Available
Akkaway Edward $4,500,045 Equity Title Los Angeles
First Point Investment Inc $3,970,000 Equity Title Los Angeles
Vuylsteke Joel W -- Equity Title
Midwest Properties Inc -- --
Macgregor Christine $4,250,000 Equity Title Company
Macgregor Christine -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Vuylsteke Joel W $2,000,000
Previous Owner Macgregor Christine $630,000
Previous Owner Macgregor Christine $2,520,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/01/2013 10/01/13 Sold $4,500,000 -9.9% $1,652 / Sq Ft
02/15/2013 02/15/13 For Sale $4,995,000 -- $1,834 / 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 $111,794 $9,859,802 $5,516,383 $4,343,419
2024 $111,794 $9,666,473 $5,408,219 $4,258,254
2023 $109,746 $9,476,935 $5,302,176 $4,174,759
2022 $108,449 $9,291,113 $5,198,212 $4,092,901
2021 $105,910 $9,108,936 $5,096,287 $4,012,649
2019 $103,903 $8,838,762 $4,945,129 $3,893,633
2018 $55,319 $4,848,166 $4,848,166 $0
2016 $53,493 $4,659,904 $2,500,815 $2,159,089
2015 $52,775 $4,589,909 $2,463,251 $2,126,658
2014 $51,984 $4,500,000 $2,415,000 $2,085,000
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 13-652155

The MLS

APN: 4466-010-001

California Los Angeles County Malibu 90265

28981 Cliffside Dr, Malibu, CA

Not Listed for Sale

Detached

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