NOT LISTED FOR SALE

2942 Valmere Dr Malibu, CA 90265

El Nido Neighborhood

Estimated Value: $1,840,000 - $2,364,000

4 Beds
2 Baths
1,821 Sq Ft
$1,151/Sq Ft Est. Value

Last Sold April 26, 2017

Last sale price $1,260,000 $692 Per Sq Ft

Est. 66% increase in value since last sale

Current estimated payment $12,515/month

48 Days on Market

Highlights

  • Ocean View
  • Spa
  • Living Room with Fireplace
  • Webster Elementary School Rated A
  • Contemporary Architecture
  • No HOA

About This Home

As of April 2017

Contemporary multi-level home in cozy El Nido neighborhood with a view of the ocean and Pt Dume. Many decks, stunning outdoor patio area and platform spa area. Open and bright home with wood floors on a quiet cul-de-sac location. Available immediately. Just 1.5 miles from the beach. Large play/bonus room and separate office space away from the house. Master bedroom has stunning deck and views

Last Agent to Sell the Property

Rick Wallace

Keller Williams Realty Calabasas License #00972202 Listed on: 01/14/2017

Keller Williams Realty Calabasas

Last Buyer's Agent

Jacqui Bell

Rodeo Realty - Pacific Palisades License #01368578

Rodeo Realty - Pacific Palisades

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $17,341

Year Built

  • Built in 1975

Lot Details

  • 5,995 Sq Ft Lot
  • Property is zoned LCA11*

Home Design

  • Contemporary Architecture

Interior Spaces

  • 1,821 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Ocean Views
  • Laundry in Kitchen

Kitchen

  • Breakfast Area or Nook
  • Dishwasher

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 2 Full Bathrooms

Pool

  • Spa

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4457-014-017

Home Details

Home Type

Single Family

Est. Annual Taxes

$17,341

Year Built

Built in 1975

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Living Area: 1821
  • Stories: 2
  • Year Built: 1975
  • Number Of Photos: 54
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Mixed
  • Bedrooms: 4
  • Full Bathroom: 2
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: In Kitchen
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher
  • Price Per S Q F T: 741.35

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • Spa: Hot Tub
  • Spa Yn: Yes
  • View: Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4457-014-017
  • Geocode Override: No
  • Lot Size Area: 5995

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 14, 2017
Closed on
Mar 24, 2017
Sold by
Sorce Thomas
Bought by
Pearson Jeremiah W
Seller's Agent
Rick Wallace
Keller Williams Realty Calabasas
Buyer's Agent
Jacqui Bell
Rodeo Realty - Pacific Palisades
List Price
$1,350,000
Sold Price
$1,260,000
Premium/Discount to List
-$90,000
-6.67%
Current Estimated Value
$2,096,165

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$836,165
Avg. Annual Appreciation
6.78%
Original Mortgage
$1,008,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 14, 2002
Sold by
Sorce Donna Louise
Bought by
Sorce 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
$430,000
Interest Rate
6.12%

Purchase Details

Closed on
May 19, 1999
Sold by
Betts Charles Rene
Bought by
Sorce Tom and Sorce Donna

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$367,500
Interest Rate
6.75%

Purchase Details

Closed on
Jun 30, 1998
Sold by
Meler Milton M
Bought by
Betts Charles Rene and Betts Leslie Gail

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$386,750
Interest Rate
9.75%
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
Pearson Jeremiah W $1,260,000 Fidelity National Title Co
Sorce Thomas E -- Gateway Title Company
Sorce Tom $490,500 Stewart Title
Betts Charles Rene $455,000 Old Republic Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pearson Jeremiah W $1,078,000
Closed Pearson Jeremiah W $1,008,000
Previous Owner Sorce Thomas E $135,000
Previous Owner Sorce Thomas E $20,000
Previous Owner Sorce Thomas E $130,000
Previous Owner Sorce Thomas E $131,537
Previous Owner Sorce Thomas E $130,000
Previous Owner Sorce Thomas E $402,000
Previous Owner Sorce Thomas E $100,000
Previous Owner Sorce Thomas E $100,000
Previous Owner Sorce Thomas E $430,000
Previous Owner Sorce Tom $100,000
Previous Owner Sorce Tom $367,500
Previous Owner Betts Charles Rene $386,750
Closed Betts Charles Rene $22,750
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/26/2017 04/26/17 Sold $1,260,000 -6.7% $692 / Sq Ft
01/14/2017 01/14/17 For Sale $1,350,000 -- $741 / 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 $17,341 $1,462,331 $1,135,745 $326,586
2024 $17,341 $1,433,659 $1,113,476 $320,183
2023 $16,957 $1,405,549 $1,091,644 $313,905
2022 $16,724 $1,377,990 $1,070,240 $307,750
2021 $16,308 $1,350,971 $1,049,255 $301,716
2019 $15,980 $1,310,903 $1,018,135 $292,768
2018 $15,175 $1,285,200 $998,172 $287,028
2016 $7,977 $656,439 $427,616 $228,823
2015 $7,867 $646,579 $421,193 $225,386
2014 $7,763 $633,914 $412,943 $220,971
Source: Public Records

Agents Affiliated with this Home

  • R

    Seller's Agent in 2017

    Rick Wallace

    Keller Williams Realty Calabasas

    Section Image
  • Jacqui Bell

    Buyer's Agent in 2017

    Jacqui Bell

    Rodeo Realty - Pacific Palisades

    (310) 266-8520

    16 Total Sales

    Jacqui Bell
    Section Image
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Map

Source: The MLS

MLS Number: 17-193378

The MLS

APN: 4457-014-017

California Los Angeles County Malibu 90265 El Nido

2942 Valmere Dr, Malibu, CA

This home is located at 2942 Valmere Dr, Malibu, CA 90265 since 14 January 2017 and is currently estimated at $2,096,165, approximately $1,151 per square foot. This property was built in 1975. 2942 Valmere Dr is a home located in Los Angeles County with nearby schools including Webster 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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