NOT LISTED FOR SALE

Estimated Value: $6,510,000 - $10,751,806

4 Beds
4 Baths
2,115 Sq Ft
$3,919/Sq Ft Est. Value

Last Sold September 10, 2020

Last sale price $6,175,000 $2,920 Per Sq Ft

Est. 34% increase in value since last sale

Current estimated payment $53,957/month

1 Day on Market

Highlights

  • Beach Front
  • White Water Ocean Views
  • Detached Guest House
  • Malibu Elementary School Rated A
  • Property has ocean access
  • Cabana

About This Home

As of September 2020

Ultra-desirable Broad Beach with the easy ambiance of beach living. Huge skylight foyer, open concept living room with high wood-beamed ceiling, fireplace, and window facing onto patio, deck, and ocean. Ocean-view dining room is open to gourmet kitchen with high-end appliances, granite countertops, tilework, breakfast bar, pantry. Two family bedrooms plus two-room owner's suite with fireplace, sitting room, and double baths. At the side of the house is an outdoor shower, a private patio, and a separate studio guesthouse with sink/kitchenette, bathroom, and laundry hookup. From the patio, steps lead up to the large three-car garage with built-ins. The home's main living areas open onto a spacious patio and deck for day and night entertaining and relaxation. This area includes a hot tub, a covered barbecue and dining area, and a sandy spot for enjoying the sweeping vistas, year-round sunsets, and nightcaps beneath the stars.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 07/08/2020

Compass

Co-Listed By

Terry Lucoff

Coldwell Banker Realty License #01112504

Last Buyer's Agent

Tracy Lynn Testin

Sotheby's International Realty License #01212506

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $106,638

Lot Details

  • 0.3 Acre Lot
  • Beach Front
  • Fenced
  • Landscaped
  • Property is zoned LCR110000*

Property Views

  • White Water Ocean
  • Coastline
  • Catalina
  • Panoramic

Home Design

  • Traditional Architecture
  • Turnkey

Interior Spaces

  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • High Ceiling
  • Recessed Lighting
  • Track Lighting
  • Gas Fireplace
  • French Doors
  • Formal Entry
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Living Room with Attached Deck
  • Dining Area
  • Travertine
  • Laundry Room

Kitchen

  • Gourmet Kitchen
  • Kitchenette
  • Breakfast Bar
  • Walk-In Pantry
  • Oven or Range
  • Range Hood
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • Maid or Guest Quarters
  • 4 Full Bathrooms
  • Granite Bathroom Countertops

Home Security

  • Security System Owned
  • Fire and Smoke Detector

Parking

  • Detached Garage
  • Side by Side Parking
  • Garage Door Opener
  • Guest Parking
  • On-Street Parking
  • Uncovered Parking

Pool

  • Cabana
  • Above Ground Spa

Outdoor Features

  • Property has ocean access
  • Oceanside
  • Open Patio

Utilities

  • Central Heating and Cooling System
  • Septic Tank

Additional Features

  • Detached Guest House
  • Property is near public transit

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4470-016-010

Home Details

Home Type

Single Family

Est. Annual Taxes

$106,638

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Traditional
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Entry Location: Foyer
  • Stories: 1
  • Number Of Photos: 38
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Interior Amenities: Detached/No Common Walls, Drywall Walls, High Ceilings (9 Feet+), Hot Tub, Living Room Deck Attached, Open Floor Plan, Recessed Lighting, Track Lighting, Turnkey
  • Fireplace Rooms: Gas, Living Room, Master Bedroom
  • Flooring: Travertine
  • Appliances: Built-Ins, Free Standing Gas, Range Hood
  • Bedrooms: 4
  • Fireplaces: 2
  • Full Bathroom: 4
  • Half Bathroom: 0
  • Bedroom Features: Master Bedroom
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Granite, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Breakfast Counter / Bar, Dining Area, Family Room, In Kitchen, Living Room
  • Kitchen Features: Gourmet Kitchen, Kitchenette, Pantry
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven, Refrigerator
  • Fireplace: Yes

Exterior Features

  • Other Features: French Doors, High Ceilings (9 Feet+)
  • Other Structures: Cabana, GuestHouse
  • Tennis Court Y/N: No
  • Guest House: Detached
  • Patio: Deck(s), Living Room Deck Attached, Patio Open, Tile, Wood
  • Pool: No
  • Spa: Above Ground, Hot Tub, Private
  • Spa Yn: Yes
  • View: Catalina, Coastline, Ocean, Panoramic, White Water
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Detached, Door Opener, Garage - 3 Car, On street, Parking for Guests, Private, Side By Side, Uncovered

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Owned, Prewired for alarm system, Smoke Detector
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Flood
  • Horses: No
  • Assessor Parcel Number: 4470-016-010
  • Lot Description: Fenced, Landscaped, Street Paved
  • Lot Location: Beach Access, Beach Front, Near Public Transit, Ocean Access, Ocean Front, Ocean Side Of Highway 1, Patio Home
  • Lot Size Area: 12911

Multi Family

  • Number Of Units: 0

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 8, 2020
Closed on
Aug 26, 2020
Sold by
31336 Broad Beach Road Llc
Bought by
Widesands Limited International Bus Co
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Tracy Lynn Testin
Sotheby's International Realty
List Price
$6,495,000
Sold Price
$6,175,000
Premium/Discount to List
-$320,000
-4.93%
Current Estimated Value
$8,287,702

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,112,702
Avg. Annual Appreciation
6.10%

Purchase Details

Closed on
Oct 12, 2005
Sold by
Chubak Charles H
Bought by
31336 Broad Beach Road Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Sep 28, 2005
Sold by
31336 Broad Beach Road Llc
Bought by
Chubak Charles H and Chubak Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,500,000
Interest Rate
5.35%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 15, 2003
Sold by
Chubak Charles H
Bought by
31336 Broad Beach Road Llc

Purchase Details

Closed on
Jul 1, 2003
Sold by
31336 Broad Beach Road Llc
Bought by
Chubak Charles H and Chubak Patricia A

Purchase Details

Closed on
Apr 9, 2003
Sold by
Chubak Charles H
Bought by
31336 Broad Beach Road Llc

Purchase Details

Closed on
Feb 21, 2002
Sold by
Fabricatore Joseph M
Bought by
Chubak Charles H and Chubak Patricia A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
6.99%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Feb 16, 2000
Sold by
Madsen Michael
Bought by
Fabricatore Joseph M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
8.27%

Purchase Details

Closed on
May 9, 1995
Sold by
Suffin Stephen H
Bought by
Madsen Michael

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,250,000
Interest Rate
8.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 23, 1994
Sold by
Wax Richard A
Bought by
Suffin Stephen H and Jamie Wax Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,700,000
Interest Rate
8.47%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
May 25, 1994
Sold by
Wax Laurie D
Bought by
Wax Richard A
Source: Public Records

Range of Values:

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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
Widesands Limited International Bus Co $6,175,000 Equity Title
31336 Broad Beach Road Llc -- --
Chubak Charles H -- Chicago Title Co
31336 Broad Beach Road Llc -- --
Chubak Charles H -- --
31336 Broad Beach Road Llc -- --
Chubak Charles H -- First American Title Co
Fabricatore Joseph M -- First American Title Co
Madsen Michael -- First American Title Co
Suffin Stephen H -- --
Wax Richard A -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 31336 Broad Beach Road Llc $1,330,848
Previous Owner Chubak Charles H $2,500,000
Previous Owner Chubak Charles H $5,000,000
Previous Owner Fabricatore Joseph M $1,750,000
Previous Owner Madsen Michael $2,250,000
Previous Owner Suffin Stephen H $2,700,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2020 09/10/20 Sold $6,175,000 -4.9% $2,920 / Sq Ft
07/09/2020 07/09/20 Pending -- -- --
07/08/2020 07/08/20 For Sale $6,495,000 0.0% $3,071 / Sq Ft
12/03/2018 12/03/18 Rented $16,500 +10.0% --
12/01/2018 12/01/18 For Rent $15,000 0.0% --
11/21/2018 11/21/18 Off Market $15,000 -- --
07/30/2018 07/30/18 Price Changed $15,000 -40.0% $7 / Sq Ft
05/21/2018 05/21/18 For Rent $25,000 +163.2% --
06/19/2013 06/19/13 Rented $9,500 -20.8% --
06/19/2013 06/19/13 Under Contract -- -- --
03/22/2012 03/22/12 For Rent $12,000 -- --
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 $106,638 $6,684,016 $5,347,214 $1,336,802
2024 $106,638 $6,552,958 $5,242,367 $1,310,591
2023 $105,179 $6,424,470 $5,139,576 $1,284,894
2022 $103,148 $6,298,500 $5,038,800 $1,259,700
2021 $99,100 $6,175,000 $4,940,000 $1,235,000
2020 $83,859 $4,916,935 $3,933,555 $983,380
2019 $83,034 $4,820,526 $3,856,427 $964,099
2018 $79,714 $4,726,007 $3,780,811 $945,196
2016 $74,972 $4,542,493 $3,633,999 $908,494
2015 $74,001 $4,474,261 $3,579,413 $894,848
2014 $66,397 $4,386,618 $3,509,298 $877,320
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-601280

The MLS

APN: 4470-016-010