NOT LISTED FOR SALE

31602 Broad Beach Rd Malibu, CA 90265

Encinal Bluffs Neighborhood

Estimated Value: $6,495,430 - $7,013,000

4 Beds
5.5 Baths
5,300 Sq Ft
$1,277/Sq Ft Est. Value

Last Sold May 14, 2012

Last sale price $3,290,000 $621 Per Sq Ft

Est. 106% increase in value since last sale

Current estimated payment $39,452/month

241 Days on Market

Highlights

  • Ocean View
  • Attached Guest House
  • Home Office
  • Malibu Elementary School Rated A
  • Fireplace in Primary Bedroom
  • Attached Garage

About This Home

As of May 2012

Price Dramatically Reduced! One of the best values on the coast of Malibu! This spectacular Tri-Level Architectural home is nestled in a beautifully landscaped nook above private, sandy, Sea Level Drive beach, adjacent to Broadbeach Road. One of Malibu's most desirable locations! Approximately 5300 sf (As per owner), 4 bedrooms, 5.5 baths, with lush landscaping and a private path to the beach below. Panoramic ocean views. Radiant heated floors. Game room. Guest apartment with separate kitchen and bath. Four fireplaces. Large master suite, high ceiling living room, open kitchen, and large sun decks. An exceptional opportunity!

Last Agent to Sell the Property

Tony Mark

Compass License #01205648 Listed on: 08/05/2011

Compass

Co-Listed By

Alan Mark

Sotheby's International Realty License #00644681

Last Buyer's Agent

Steve Shanks

License #01029330

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1981

Lot Details

  • 0.28 Acre Lot
  • Property is zoned LCR1*

Interior Spaces

  • 5,300 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Bar
  • Wood Burning Fireplace
  • Gas Fireplace
  • Family Room with Fireplace
  • 4 Fireplaces
  • Living Room with Fireplace
  • Dining Area
  • Home Office
  • Center Hall
  • Ocean Views
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Fireplace in Primary Bedroom
  • 5.5 Bathrooms

Parking

  • Attached Garage
  • Side by Side Parking

Outdoor Features

  • Open Patio

Additional Homes

  • Attached Guest House
  • Fireplace in Guest House

Utilities

  • Radiant Heating System
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4470-022-047

Home Details

Home Type

Single Family

Year Built

Built in 1981

Lot Details

0.28 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Living Area: 5300
  • Stories: 3
  • Year Built: 1981
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Family Room, Gas, Guest House, Living Room, Master Bedroom, Wood Burning
  • Flooring: Mixed
  • Bedrooms: 4
  • Fireplaces: 4
  • Laundry: Inside, Room
  • Total Bathrooms: 5.50
  • Equipment: Built-Ins, Cable, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 632.08

Exterior Features

  • Tennis Court Y/N: No
  • Guest House: Attached
  • Pool: No
  • View: Ocean
  • View: Yes

Garage/Parking

  • Parking Garage: Attached, Side By Side

Utilities

  • Heating: Radiant

Lot Info

  • Assessor Parcel Number: 4470-022-047
  • Lot Size Area: 12057

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 5, 2011
Closed on
Apr 17, 2012
Sold by
Lari Roya
Bought by
Glantz Michael I and Glantz Dana L
Seller's Agent
Tony Mark
Compass
Buyer's Agent
Steve Shanks
List Price
$3,750,000
Sold Price
$3,290,000
Premium/Discount to List
-$460,000
-12.27%
Current Estimated Value
$6,770,143

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,480,143
Avg. Annual Appreciation
5.35%

Purchase Details

Closed on
Aug 26, 2005
Sold by
Lari Mani
Bought by
Lari Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,310,000
Interest Rate
6%
Mortgage Type
New Conventional

Purchase Details

Closed on
Nov 2, 2004
Sold by
Lari Roya
Bought by
Lari Mani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Oct 7, 2004
Sold by
Lari Mani
Bought by
Lari Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
5.82%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 19, 2003
Sold by
Lari Roya
Bought by
Lari Mani

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.93%

Purchase Details

Closed on
Feb 20, 2003
Sold by
Lari Mani and Lari Roya
Bought by
Lari Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
5.93%

Purchase Details

Closed on
Sep 27, 2002
Sold by
Lari Roya
Bought by
Lari Mani

Purchase Details

Closed on
Feb 8, 2002
Sold by
Lari Mani
Bought by
Lari Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
7.04%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Apr 8, 2001
Sold by
Lari Roya
Bought by
Lari Mani

Purchase Details

Closed on
Dec 10, 1999
Sold by
Lari Mani
Bought by
Lari Roya

Purchase Details

Closed on
Nov 30, 1999
Sold by
Eden Terri E
Bought by
Eden Thomas

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.96%

Purchase Details

Closed on
Oct 6, 1999
Sold by
Eden Thomas
Bought by
Lari Mani and Lari Roya

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$570,000
Interest Rate
7.96%

Purchase Details

Closed on
Nov 4, 1994
Sold by
Aaron Bernice E
Bought by
Eden Thomas
Source: Public Records

Range of Values:

--
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
Glantz Michael I $3,290,000 California Title Company
Lari Roya -- Lawyers Title Company
Lari Roya -- Lawyers Title Company
Lari Mani -- Equity Title Company
Lari Roya -- Equity Title Company
Lari Roya -- Equity Title Company
Lari Mani -- Lawyers Title
Lari Roya -- Lawyers Title Company
Lari Mani -- Lawyers Title
Lari Roya -- First American Title Co
Lari Roya -- First American Title Co
Lari Mani -- --
Lari Roya -- Progressive Title Company
Eden Thomas -- Progressive Title Company
Lari Mani $1,425,000 Progressive Title Company
Eden Thomas -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Lari Roya $2,310,000
Previous Owner Lari Roya $640,000
Previous Owner Lari Roya $650,000
Previous Owner Lari Roya $650,000
Previous Owner Lari Mani $570,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/14/2012 05/14/12 Sold $3,290,000 -1.8% $621 / Sq Ft
04/02/2012 04/02/12 Pending -- -- --
10/27/2011 10/27/11 Price Changed $3,350,000 -10.7% $632 / Sq Ft
08/05/2011 08/05/11 For Sale $3,750,000 -- $708 / Sq Ft
Source: The MLS

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 $50,710 $4,209,364 $2,512,110 $1,697,254
2024 $50,710 $4,126,828 $2,462,853 $1,663,975
2023 $49,703 $4,045,911 $2,414,562 $1,631,349
2022 $49,196 $3,966,580 $2,367,218 $1,599,362
2021 $48,029 $3,888,804 $2,320,802 $1,568,002
2019 $47,122 $3,773,463 $2,251,967 $1,521,496
2018 $44,879 $3,699,474 $2,207,811 $1,491,663
2016 $42,562 $3,490,821 $2,122,080 $1,368,741
2015 $42,033 $3,438,387 $2,090,205 $1,348,182
2014 $41,365 $3,371,034 $2,049,261 $1,321,773
Source: Public Records

Agents Affiliated with this Home

  • Tony Mark

    Seller's Agent in 2012

    Tony Mark

    Compass

    (310) 457-6275

    7 in this area

    61 Total Sales

    Tony Mark
    Section Image

  • A

    Seller Co-Listing Agent in 2012

    Alan Mark

    Sotheby's International Realty

  • S

    Buyer's Agent in 2012

    Steve Shanks

See All Agents

Map

Source: The MLS

MLS Number: 11-545913

The MLS

APN: 4470-022-047

California Los Angeles County Malibu 90265 Encinal Bluffs

31602 Broad Beach Rd, Malibu, CA

Not Listed for Sale

Detached

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