NOT LISTED FOR SALE

29715 Cuthbert Rd Malibu, CA 90265

Estimated Value: $6,414,000 - $26,885,922

3 Beds
3.5 Baths
4,094 Sq Ft
$4,067/Sq Ft Est. Value

Last Sold June 10, 2015

Last sale price $15,000,000 $3,664 Per Sq Ft

Est. 11% increase in value since last sale

Current estimated payment $99,118/month

13 Days on Market

Highlights

  • Ocean View
  • Horses Allowed On Property
  • Gated Parking
  • Malibu Elementary School Rated A
  • In Ground Pool
  • Two Primary Bathrooms

About This Home

As of June 2015

Frank Gehry's incredible "Tin House" designed for renowned artist Ron Davis, is one of Malibu's most significant trophy architectural properties. Recently featured on the cover of Architectural Digest, this 2-story corrugated-metal modern masterpiece is on approx. 3.23 acres w/ocean views. Gated/private, with sun-filled interiors. Custom wood floors & high-ceilings throughout, extraordinary great room w/fireplace; gourmet kitchen; large family/media room plus office; owner's suite w/fireplace, and double baths; plus two additional bedrooms. Extraordinary grounds encompass the perfect outdoor lifestyle with fountain courtyards; resort-style wood deck pool/spa & outdoor shower; lush terraced gardens w/built-in seating; alfresco kitchen w/pizza oven; animal coop/hutches; soccer field lawn; vegetable/flower planting beds; 4-stall barn/pasture, plus olive/fruit trees; a rock climbing wall and miles of adjacent trails. Buyers must be pre-qualified.

Last Agent to Sell the Property

Brett Lawyer

Carolwood Estates License #00897489 Listed on: 04/29/2015

Carolwood Estates

Co-Listed By

Chris Cortazzo

Compass License #01190363

Last Buyer's Agent

ladd jackson

Carolwood Estates License #01405651

Home Details

Home Type

  • Single Family

Lot Details

  • 3.2 Acre Lot
  • Gated Home
  • Property is zoned LCRA20000*

Property Views

  • Ocean
  • Mountain

Home Design

  • Updated or Remodeled
  • Metal Roof

Interior Spaces

  • 2-Story Property
  • Built-In Features
  • Cathedral Ceiling
  • Entryway
  • Family Room on Second Floor
  • Living Room with Fireplace
  • 3 Fireplaces
  • Dining Area
  • Home Office
  • Loft
  • Bonus Room
  • Wood Flooring
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Gas Oven
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom on Main
  • Fireplace in Primary Bedroom
  • Two Primary Bathrooms
  • Powder Room
  • Fireplace in Bathroom

Home Security

  • Security System Owned
  • Intercom

Parking

  • 2 Car Attached Garage
  • Gravel Driveway
  • Gated Parking
  • Guest Parking

Pool

  • In Ground Pool
  • Spa

Utilities

  • Air Conditioning
  • Central Heating
  • Septic Tank

Additional Features

  • Open Patio
  • Horses Allowed On Property

Listing and Financial Details

  • Assessor Parcel Number 4469-008-007

Home Details

Home Type

Single Family

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Lot Acreage: 3.2000
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Cathedral-Vaulted Ceilings, Intercom
  • Fireplace Rooms: Bath, Living Room, Master Bedroom
  • Flooring: Wood
  • Appliances: Oven-Gas, Range Hood
  • Bedrooms: 3
  • Fireplaces: 3
  • Full Bathroom: 3
  • Half Bathroom: 1
  • Bedroom Features: Main Floor Master Bedroom
  • One Quarter Bathrooms: 0
  • Bathroom Features: 2 Master Baths
  • Three Quarter Bathrooms: 0
  • Eating Areas: Breakfast Area, Dining Area
  • Laundry: Inside
  • Total Bathrooms: 4.00
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Intercom, Range/Oven, Refrigerator
  • Fireplace: Yes

Exterior Features

  • Tennis Court: Room For
  • Tennis Court Y/N: No
  • Patio: Patio Open
  • Pool Description: Private
  • Pool: Yes
  • Roof: Metal
  • Spa: Private
  • Spa Yn: Yes
  • View: Mountains, Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Driveway - Gravel, Garage - 2 Car, Garage Is Attached, Gated, Parking for Guests, Parking for Guests - Onsite

Utilities

  • Cooling: Air Conditioning
  • Heating: Central
  • Security: Gated, Owned
  • Sewer: Septic Tank

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: Yes
  • Assessor Parcel Number: 4469-008-007
  • Geocode Override: No
  • Lot Size Area: 140714

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 29, 2015
Closed on
Jun 1, 2015
Sold by
Stone Douglas R and Tin House Farm Trust
Bought by
Surf Dog Llc
Seller's Agent
Brett Lawyer
Carolwood Estates
Buyer's Agent
ladd jackson
Carolwood Estates
List Price
$14,500,000
Sold Price
$15,000,000
Premium/Discount to List
$500,000
3.45%
Current Estimated Value
$16,649,961

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,649,961
Avg. Annual Appreciation
1.00%
Original Mortgage
$10,000,000
Outstanding Balance
$3,772,867
Interest Rate
3.64%
Mortgage Type
New Conventional
Estimated Equity
$12,877,094

Purchase Details

Closed on
Jun 15, 2009
Sold by
Glasscock Alex and Glasscock Sue
Bought by
Stone Douglas R and Tin House Farm Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,500,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
May 17, 2007
Sold by
Glasscock Alex and Glasscock Sue
Bought by
Glasscock Alex and Glasscock Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 14, 2007
Sold by
Glasscock Alex and Glasscock Sue
Bought by
Glasscock Alex and Glasscock Sue

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,900,000
Interest Rate
6.12%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 27, 2005
Sold by
Glasscock Alex and Glasscock Sue
Bought by
Glasscock W Alex and Glasscock Sue B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,163,000
Interest Rate
4.14%
Mortgage Type
Negative Amortization

Purchase Details

Closed on
Mar 11, 2003
Sold by
Meszaros Ronald and Grigg Ellen
Bought by
Glasscock W Alex and Glasscock Sue B

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.12%

Purchase Details

Closed on
Sep 16, 1993
Sold by
Davis Ronald W
Bought by
Meszaros Ronald and Grigg Ellen

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$543,750
Interest Rate
4.5%
Source: Public Records

Range of Values:

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Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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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
Surf Dog Llc $15,000,000 Fidelity National Title Co
Stone Douglas R -- Fidelity National Title Co
Glasscock Alex -- None Available
Glasscock Alex -- Fidelity Van Nuys
Glasscock W Alex -- --
Glasscock Alex -- --
Glasscock W Alex $1,900,000 Fidelity
Meszaros Ronald $725,000 Continental Lawyers Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Surf Dog Llc $10,000,000
Previous Owner Stone Douglas R $3,500,000
Previous Owner Glasscock Alex $1,900,000
Previous Owner Glasscock Alex $1,163,000
Previous Owner Glasscock W Alex $1,300,000
Previous Owner Meszaros Ronald $543,750
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/10/2015 06/10/15 Sold $15,000,000 +3.4% $3,664 / Sq Ft
04/29/2015 04/29/15 For Sale $14,500,000 -- $3,542 / 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 $142,596 $12,619,541 $12,619,428 $113
2024 $142,596 $12,372,100 $12,371,989 $111
2023 $139,946 $12,129,510 $12,129,401 $109
2022 $138,321 $11,891,677 $11,891,570 $107
2021 $135,206 $11,658,507 $11,658,402 $105
2019 $132,788 $11,312,710 $11,312,608 $102
2018 $179,731 $15,843,989 $11,090,793 $4,753,196
2016 $173,389 $15,228,750 $10,660,125 $4,568,625
2015 $86,302 $7,527,049 $5,250,280 $2,276,769
2014 -- $7,379,606 $5,147,435 $2,232,171
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 15-900361

The MLS

APN: 4469-008-007