NOT LISTED FOR SALE

29623 Cuthbert Rd Malibu, CA 90265

Estimated Value: $1,846,000 - $15,188,004

1.46 Acres
$4,008,462 Price per Acre
63,580 Sq Ft Lot

Last Sold February 09, 2022

Last sale price $2,686,004 $1,238 Per Sq Ft

Est. 118% increase in value since last sale

Current estimated payment $33,498/month

57 Days on Market

About This Lot

As of February 2022

Incredible opportunity to purchase an ocean and mountain view lot, on 63,579 sqft, with permits and plans for an approx. 5,100 sqft, 4 bed/5.5 bath main house and a detached approx. 900 sqft, 1 bed/1 bath guest house, with amazing ocean views, located in the prestigious Malibu Park neighborhood. It is a single story design by architect, Daniela Rechtszajd, with vaulted ceilings, indoor/outdoor flow to large decking areas and pool, wine cellar, media room, butlers kitchen and 4 car garage. The original structure was lost in the Woolsey Fire, which has created an amazing opportunity for a buyer to purchase this beautiful property and enjoy the wonderful lifestyle of Malibu. This lot is conveniently located near Malibu High School and just down the road from great shopping, restaurants, and grocery stores within the Trancas Country Market. It is also in close relation to many spectacular hiking trails, Zuma beach, and other walkable amenities. This exceptional area is serenely quiet, peaceful, and private.

Last Agent to Sell the Property

Shen Schulz

Sotheby's International Realty License #01327630 Listed on: 11/01/2021

Sotheby's International Realty

Last Buyer's Agent

Ziv Gabay

The Beverly Hills Estates License #01971047

The Beverly Hills Estates

Property Details

Property Type

  • Land

Lot Details

  • 1.46 Acre Lot
  • Lot Dimensions are 249x255
  • Property is zoned LCRA20000*

Property Views

  • Ocean
  • Mountain

Listing and Financial Details

  • Assessor Parcel Number 4469-008-010

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: Incredible opportunity to purchase an ocean and mountain view lot, on 63,579 sqft, with permits and plans for an approx. 5,100 sqft, 4 bed/5.5 bath main house and a detached approx. 900 sqft, 1 bed/1 bath guest house, with amazing ocean views, located in the prestigious Malibu Park neighborhood. It is a single story design by architect, Daniela Rechtszajd, with vaulted ceilings, indoor/outdoor flow to large decking areas and pool, wine cellar, media room, butlers kitchen and 4 car garage. The original structure was lost in the Woolsey Fire, which has created an amazing opportunity for a buyer to purchase this beautiful property and enjoy the wonderful lifestyle of Malibu. This lot is conveniently located near Malibu High School and just down the road from great shopping, restaurants, and grocery stores within the Trancas Country Market. It is also in close relation to many spectacular
  • Lot Acreage: 1.4596
  • Lot Dimensions: 249x255
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Asphalt
  • View: Mountains, Ocean
  • View: Yes

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4469-008-010
  • Lot Size Area: 63579
  • Site Decription: Hillside

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 1, 2021
Closed on
Feb 2, 2022
Sold by
Colby Family Trust
Bought by
Mg Investment Properties Llc
Seller's Agent
Shen Schulz
Sotheby's International Realty
Buyer's Agent
Ziv Gabay
The Beverly Hills Estates
List Price
$3,250,000
Sold Price
$2,686,004
Premium/Discount to List
-$563,996
-17.35%
Current Estimated Value
$5,850,751

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,164,747
Avg. Annual Appreciation
22.35%
Original Mortgage
$5,200,000
Interest Rate
3.55%
Mortgage Type
Construction

Purchase Details

Listed on
Jun 21, 2018
Closed on
Jun 6, 2018
Sold by
Stringfield Sherry Lea and Palomino Trust
Bought by
Colby Trevor Blakeslee and Colby Linda Macabio
Seller's Agent
Shen Schulz
Sotheby's International Realty
Buyer's Agent
Kathy Ellis
Coldwell Banker Realty
Sold Price
$10,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.89%
Original Mortgage
$2,890,000
Interest Rate
3.37%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Dec 3, 2010
Sold by
Robbins Douglas W and Robbins Elaine M
Bought by
Stringfield Sherry Lea and Palomino Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$729,750
Interest Rate
4.21%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
Mg Investment Properties Llc $2,686,500 Equity Title
Colby Trevor Blakeslee $3,225,000 Fidelity Sherman Oaks
Stringfield Sherry Lea $1,740,000 Act
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Mg Investment Properties Llc $5,200,000
Previous Owner Colby Trevor Blakeslee $2,890,000
Previous Owner Stringfield Sherry Lea $729,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
02/09/2022 02/09/22 Sold $2,686,004 -17.4% $1,238 / Sq Ft
12/28/2021 12/28/21 Pending -- -- --
11/01/2021 11/01/21 For Sale $3,250,000 0.0% $1,498 / Sq Ft
07/07/2018 07/07/18 Rented $10,000 0.0% --
06/21/2018 06/21/18 For Rent $10,000 0.0% --
06/19/2018 06/19/18 Sold $3,225,000 -3.7% $1,487 / Sq Ft View Prior Sale
05/03/2018 05/03/18 Pending -- -- --
04/29/2018 04/29/18 For Sale $3,350,000 -- $1,544 / 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 $33,029 $2,850,404 $2,850,404 --
2024 $33,029 $2,794,514 $2,794,514 --
2023 $32,393 $2,739,720 $2,739,720 $0
2022 $33,011 $2,766,387 $2,766,280 $107
2021 $32,297 $2,712,145 $2,712,040 $105
2019 $31,757 $2,631,702 $2,631,600 $102
2018 $22,886 $1,959,208 $1,567,368 $391,840
2016 $22,052 $1,883,131 $1,506,506 $376,625
2015 $21,756 $1,854,845 $1,483,877 $370,968
2014 $21,465 $1,818,512 $1,454,810 $363,702
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-100863

The MLS

APN: 4469-008-010