NOT LISTED FOR SALE

30000 Cuthbert Rd Malibu, CA 90265

Estimated Value: $3,867,000 - $5,646,000

2.97 Acres
$1,471,431 Price per Acre
129,269 Sq Ft Lot

Last Sold May 10, 2021

Last sale price $2,850,000 $720 Per Sq Ft

Est. 53% increase in value since last sale

Current estimated payment $25,729/month

41 Days on Market

About This Lot

As of May 2021

One of the best lots in Malibu Park, never before offered for sale! This Woolsey burnout features nearly 3 usable acres of unobstructed, panoramic views. A rare opportunity to rebuild in one of Malibu's most coveted neighborhoods with the fast-tracked permitting process. The previous construction included a 3,960 square foot home, a detached 1,464 square foot hobby shop, a 699 square foot garage, and a pool. Add up to 10% in size and build a custom estate of approx. 6,735 square feet! This lot boasts tremendous width and privacy, with 270-degree ocean views from the Queen's Necklace and Catalina out West to the Channel Islands. The homesite is situated on a natural promontory for an ideal setting. There is a 6-foot privacy wall, 3 gates, 2 driveways, and a cleared septic system on site. Sold with plans for an in-kind rebuild approved by City Planning, studies, reports, and everything you need to build quickly. One of the best burnout lots to ever be offered, don't miss this opportunity!

Last Agent to Sell the Property

Tony Mark

Compass License #01205648 Listed on: 02/25/2021

Compass

Co-Listed By

Russell Grether

Compass License #01836632

Compass

Last Buyer's Agent

Russell Grether

Compass License #01836632

Compass

Property Details

Property Type

  • Land

Lot Details

  • 2.97 Acre Lot
  • Property is zoned LCRA20

Property Views

  • Ocean
  • Coastline
  • Mountain

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4469-009-007

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 2.9676
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountains, Ocean, Coastline
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone Service: In Street
  • Telephone: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4469-009-007
  • Lot Size Area: 129269

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jul 22, 2021
Sold by
Hau Henry and Yu Charles
Bought by
Lincoln Estate Corporation Inc
Current Estimated Value
$4,366,620

Purchase Details

Listed on
Feb 25, 2021
Closed on
Apr 16, 2021
Sold by
Frank Schmoranzer and Frank Ursula Schmoranzer
Bought by
Hau Henry and Yu Charles
Seller's Agent
Tony Mark
Compass
Buyer's Agent
Russell Grether
Compass
List Price
$3,250,000
Sold Price
$2,850,000
Premium/Discount to List
-$400,000
-12.31%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
9.59%

Purchase Details

Closed on
Sep 5, 2006
Sold by
Schmoranzer Frank and Schmoranzer Ursula
Bought by
Schmoranzer Frank and Schmoranzer Ursula
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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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
Lincoln Estate Corporation Inc -- Accommodation/Courtesy Recordi
Hau Henry $2,850,000 First American Title Company O
Schmoranzer Frank -- None Available
Schmoranzer Frank -- None Available
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/10/2021 05/10/21 Sold $2,850,000 -12.3% $720 / Sq Ft
04/07/2021 04/07/21 Pending -- -- --
02/25/2021 02/25/21 For Sale $3,250,000 -- $821 / 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 $35,032 $3,024,442 $3,024,442 --
2024 $35,032 $2,965,140 $2,965,140 --
2023 $34,312 $2,907,000 $2,907,000 $0
2022 $2,707 $151,841 $151,734 $107
2021 $2,620 $148,864 $148,759 $105
2020 $2,127 $147,338 $147,234 $104
2019 $2,327 $144,450 $144,348 $102
2018 $8,726 $728,004 $141,518 $586,486
2016 $8,376 $699,737 $136,024 $563,713
2015 $8,269 $689,227 $133,981 $555,246
2014 $8,211 $675,727 $131,357 $544,370
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-689642

The MLS

APN: 4469-009-007