NOT LISTED FOR SALE

Estimated Value: $1,316,000 - $2,029,000

1.04 Acres
$1,499,603 Price per Acre
45,124 Sq Ft Lot

Last Sold May 25, 2022

Last sale price $1,250,000 $390 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $9,367/month

156 Days on Market

Highlights

  • Ocean View
  • 1.04 Acre Lot
  • No HOA
  • Loma Vista Elementary School Rated A-

About This Lot

As of May 2022

An extraordinary opportunity to build a showcase landmark property in Midtown Ventura with an "on top of the world" feeling. Spanning approximately 1.1 acres, this rare-to-market lot is perched atop the hillsides of Ventura with unobstructed coastline views. Located on a gated, private 270-degree lot, the ground's high elevation offers jaw-dropping ocean and mountain vistas that stretch to Palos Verdes Peninsula, Catalina Island, Santa Barbara Island, Anacapa Island, Santa Cruz Island, and Santa Rosa Island with no power lines. Privacy abounds with no neighbors surrounding three sides of the property, a flag lot at the end of a long driveway, flanked by Ventura land trust preservation and the Attmore cattle ranch. The sloped hillside was previously used to house orchards and has potential for grapes as well. The lot has approved permits and plans for an appx 4,400 square-foot Mediterranean home, 15,000 square-foot pad, and 27-foot height allowance, allowing two stories to build on the city approved footprint. The lot feels a worlds away yet is just moments to downtown, the freeway, shopping, and dining.

Last Agent to Sell the Property

Cristi Ulrich

Coldwell Banker Realty License #01140294 Listed on: 11/23/2021

Coldwell Banker Realty

Co-Listed By

Tim Smith

Coldwell Banker Realty License #01346878

Last Buyer's Agent

Liz Donnelly

RE/MAX Gold Coast REALTORS License #01458117

RE/MAX Gold Coast REALTORS

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $14,334

Lot Details

  • 1.04 Acre Lot
  • Property is zoned R1

Property Views

  • Ocean
  • Coastline
  • Catalina
  • City Lights

Location

  • Suburban Location

Community Details

  • No Home Owners Association
  • Breaker Subdivision

Listing and Financial Details

  • Assessor Parcel Number 0740192165

Property Details

Property Type

Land

Est. Annual Taxes

$14,334

Lot Details

0

Listing Details

  • Ad Number: 714.454.9763
  • Subdivision Name Other: Breaker (1345)
  • View: Yes
  • Zoning: R1
  • Property Type: Land
  • Parcel Number: 0740192165
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 27.70

Exterior Features

  • View: Catalina, City Lights, Coastline, Ocean

Utilities

  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot Over 40000 Sqft
  • Lot Size Sq Ft: 45125.00
  • Lot Size Acres: 1.0359

Multi Family

  • Lot Size Area: 45125.0000 Square Feet

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 28, 2023
Sold by
Cates David A and Cates Connie R
Bought by
Breaker Hillcrest Lp
Current Estimated Value
$1,553,439

Purchase Details

Closed on
Dec 18, 2007
Sold by
Paik Sue K
Bought by
Paik Sue K and Paik Family Trust

Purchase Details

Closed on
Aug 21, 2007
Sold by
Paik Sue K
Bought by
Paik Sue K and Paik Family Trust

Purchase Details

Closed on
Dec 4, 1998
Sold by
Hixson Walter H E Trust and Monique
Bought by
Paik Kenneth and Paik Sue K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$440,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage
Source: Public Records

Range of Values:

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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
Breaker Hillcrest Lp -- None Listed On Document
Paik Sue K -- None Available
Paik Sue K -- None Available
Paik Kenneth $550,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Paik Kenneth $440,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
05/25/2022 05/25/22 Sold $1,250,000 -24.2% $390 / Sq Ft
03/20/2022 03/20/22 Price Changed $1,650,000 -13.1% $515 / Sq Ft
11/23/2021 11/23/21 For Sale $1,899,000 -- $593 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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 $14,334 $1,326,510 $1,326,510 --
2024 $14,334 $1,300,500 $1,300,500 --
2023 $14,161 $1,275,000 $1,275,000 $0
2022 $7,013 $656,500 $656,500 $0
2021 $7,228 $695,000 $695,000 $0
2020 $6,842 $657,500 $657,500 $0
2019 $6,842 $657,000 $657,000 $0
2018 $6,787 $650,000 $650,000 $0
2017 $20,365 $1,950,000 $1,267,500 $682,500
2016 $6,620 $632,237 $287,154 $345,083
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: NP21253970

California Regional Multiple Listing Service (CRMLS)

APN: 074-0-192-165