NOT LISTED FOR SALE

30107 Cuthbert Rd Malibu, CA 90265

Estimated Value: $4,289,000 - $5,808,000

0.98 Acre
$4,949,256 Price per Acre
42,745 Sq Ft Lot

Last Sold October 12, 2022

Last sale price $3,600,000 $677 Per Sq Ft

Est. 35% increase in value since last sale

Current estimated payment $29,023/month

54 Days on Market

About This Lot

As of October 2022

APPROVED PLANS AND READY TO PERMIT to immediately start developing your own ocean view dream home in Malibu. This premiere and gated estate comes with plans for a 8,182 square foot impressive Santa Barbara Spanish Revival style home (renderings are home with blue roof to match solar panels, but color can be any choice) with breathtaking 180 degree unobstructed ocean views on 1+ gated acre of completely integrated grounds that include a 50 foot long lap-pool, spa, private and separate pool house and additional separate guest home (can be rented or used as a home office, without losing its' privacy). Located in highly desirable and quiet Malibu Park; just a short walking or golf cart ride to Zuma Beach, schools, Trancas shopping, hiking and horse riding trails. Residence to be 6,854 square feet, with guest home of 830 square feet and pool house 498 square feet = 8,182. All the best the Malibu lifestyle has to offer steps outside your front door. Home is designed and approved to include the latest version of solar tiles integrated into the roof, which makes the property energy independent. Elevator designed for the home, along with an official yellow fire hydrant right in front of the property for future precaution. And to enhance the ocean views, the electrical wire poles are on the opposite side of the street (not in front of the property). Acclaimed local builder Pete Weeger, of WB Homes, Inc., worked with the owner for 3 years to approve the plans and is intimately familiar with the property and all aspects of the project. He is ready to set budgets and begin new construction immediately the next owner.

Last Agent to Sell the Property

Robert Radcliffe

Sotheby's International Realty License #01132704 Listed on: 07/06/2022

Sotheby's International Realty

Last Buyer's Agent

Ani Dermenjian

Douglas Elliman License #01185123

Douglas Elliman

Property Details

Property Type

  • Land

Lot Details

  • 0.98 Acre Lot
  • Property is zoned LCRA20

Property Views

  • Ocean Views

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4469-007-017

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.9813
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Ocean
  • View: Yes

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4469-007-017
  • Lot Size Area: 42746

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 6, 2022
Closed on
Sep 13, 2022
Sold by
Heiting Property Trust
Bought by
Cuthbert Rd Llc
Seller's Agent
Robert Radcliffe
Sotheby's International Realty
Buyer's Agent
Ani Dermenjian
Douglas Elliman
List Price
$4,395,000
Sold Price
$3,600,000
Premium/Discount to List
-$795,000
-18.09%
Views
65
Current Estimated Value
$4,856,705

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,256,705
Avg. Annual Appreciation
9.71%
Original Mortgage
$1,800,000
Outstanding Balance
$1,720,646
Interest Rate
5.66%
Mortgage Type
Seller Take Back
Estimated Equity
$3,136,059

Purchase Details

Closed on
Oct 15, 2007
Sold by
Heiting Manfred and Heiting Hanna
Bought by
Heiting Hanna and Heiting Property Trust

Purchase Details

Closed on
Mar 12, 2002
Sold by
Vogi Terry L and Saltzman Jane E
Bought by
Wajshonig Hanna

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
7%

Purchase Details

Closed on
Jun 8, 2000
Sold by
Vogl Terry L and Saltzman Jane E
Bought by
Vogl Terry L and Saltzman Jane E

Purchase Details

Closed on
Jan 29, 2000
Sold by
Trust Maysels Cheryl A Tr Cheryl A Mayse
Bought by
Vogl Terry L and Saltzman Jane E

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,250,000
Interest Rate
8.12%
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
Cuthbert Rd Llc $3,600,000 805Title Inc
Heiting Hanna -- None Available
Heiting Manfred -- None Available
Wajshonig Hanna -- Equity Title
Wajshonig Hanna -- Equity Title
Vogl Terry L -- --
Vogl Terry L -- Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Cuthbert Rd Llc $1,800,000
Previous Owner Wajshonig Hanna $2,000,000
Previous Owner Vogl Terry L $3,250,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
10/12/2022 10/12/22 Sold $3,600,000 -8.9% $677 / Sq Ft
08/29/2022 08/29/22 Pending -- -- --
08/12/2022 08/12/22 Price Changed $3,950,000 -10.1% $743 / Sq Ft
07/06/2022 07/06/22 For Sale $4,395,000 -- $827 / 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 $43,827 $3,820,348 $3,820,348 --
2024 $43,827 $3,745,440 $3,745,440 --
2023 $42,944 $3,672,000 $3,672,000 $0
2022 $44,153 $3,758,775 $3,758,668 $107
2021 $43,173 $3,685,074 $3,684,969 $105
2020 $42,889 $3,647,289 $3,647,185 $104
2019 $42,603 $3,575,774 $3,575,672 $102
2018 $46,968 $4,089,815 $3,505,561 $584,254
2016 $45,246 $3,931,005 $3,369,437 $561,568
2015 $44,639 $3,871,958 $3,318,825 $553,133
2014 $43,974 $3,796,112 $3,253,814 $542,298
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-175272

The MLS

APN: 4469-007-017