NOT LISTED FOR SALE

34305 Pacific Coast Hwy Malibu, CA 90265

Estimated Value: $3,533,000 - $7,482,357

20 Acres
$261,600 Price per Acre
875,549 Sq Ft Lot

Last Sold August 15, 2013

Last sale price $2,750,000 $274 Per Sq Ft

Est. 104% increase in value since last sale

Current estimated payment $33,866/month

163 Days on Market

Highlights

  • Ocean View
  • Malibu Elementary School Rated A
  • 875,549 Sq Ft lot

About This Lot

As of August 2013

Rare opportunity to create a one of a kind 9,128 square foot Tuscan Villa on approximately 20 acres of land with stunning panoramic ocean views.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 12/19/2012

Compass

Co-Listed By

Karen Crystal

License #01346860

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 12/19/2012

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $39,254

Lot Details

  • 20.1 Acre Lot

Property Views

  • Ocean
  • Mountain
  • Park or Greenbelt

Utilities

  • Septic Tank
  • Phone Available

Listing and Financial Details

  • Assessor Parcel Number 4473-027-008

Property Details

Property Type

Land

Est. Annual Taxes

$39,254

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: RealEstateOwned
  • Property Sub Type: LotsLands

Exterior Features

  • Street Description: Asphalt
  • View: Green Belt, Mountains, Ocean
  • View: Yes

Utilities

  • Cable: No
  • Electric: In Street
  • Sewer: Septic Tank
  • Telephone: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4473-027-008
  • Geocode Override: No
  • Lot Size Area: 875549
  • Topography: Flat,Varied

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 19, 2012
Closed on
Jul 8, 2013
Sold by
Porat Marc
Bought by
Bugbee Thomas J and Bugbee Monique Lhuillier
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$2,950,000
Sold Price
$2,750,000
Premium/Discount to List
-$200,000
-6.78%
Current Estimated Value
$5,615,086

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,865,086
Avg. Annual Appreciation
5.13%
Original Mortgage
$1,375,000
Interest Rate
4.28%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 1, 2009
Sold by
Porat Marc U
Bought by
Porat Marc and The Marc Porat Trust

Purchase Details

Closed on
May 11, 2002
Sold by
Hajian Mahmoud Reza
Bought by
Anselmo John

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$602,000
Interest Rate
7.95%

Purchase Details

Closed on
Mar 3, 2001
Sold by
Anselmo John and Anselmo Sherry
Bought by
Porat Marc U

Purchase Details

Closed on
Sep 3, 1998
Sold by
Malibu Sequit
Bought by
Hajian Mahmoud Reza

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$225,000
Interest Rate
6.42%
Mortgage Type
Seller Take Back
Source: Public Records

Range of Values:

Collateral Analytics

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ICE

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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
Bugbee Thomas J $2,750,027 Equity Title
Porat Marc -- None Available
Anselmo John $860,000 First American Title Co
Porat Marc U $2,400,000 First American Title
Hajian Mahmoud Reza $450,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Bugbee Thomas J $1,375,000
Closed Bugbee Thomas J $1,375,000
Previous Owner Anselmo John $602,000
Previous Owner Hajian Mahmoud Reza $225,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/15/2013 08/15/13 Sold $2,750,000 -6.8% $274 / Sq Ft
05/31/2013 05/31/13 Pending -- -- --
12/19/2012 12/19/12 For Sale $2,950,000 -- $294 / 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 $39,254 $3,371,120 $3,371,120 --
2024 $39,254 $3,305,020 $3,305,020 --
2023 $38,391 $3,240,216 $3,240,216 $0
2022 $37,961 $3,176,683 $3,176,683 $0
2021 $37,261 $3,114,396 $3,114,396 $0
2019 $36,535 $3,022,022 $3,022,022 $0
2018 $34,811 $2,962,767 $2,962,767 $0
2016 $33,618 $2,847,720 $2,847,720 $0
2015 $33,175 $2,804,945 $2,804,945 $0
2014 $32,729 $2,750,000 $2,750,000 $0
Source: Public Records

Agents Affiliated with this Home

  • Chris Cortazzo

    Seller's Agent in 2013

    Chris Cortazzo

    Compass

    (310) 457-3995

    227 Total Sales

    Section Image

  • K

    Seller Co-Listing Agent in 2013

    Karen Crystal

See All Agents

Map

Source: The MLS

MLS Number: 12-641341

The MLS

APN: 4473-027-008

California Los Angeles County Malibu 90265

34305 Pacific Coast Hwy, Malibu, CA

This home is located at 34305 Pacific Coast Hwy, Malibu, CA 90265 since 19 December 2012 and is currently estimated at $5,258,119, approximately $524 per square foot. 34305 Pacific Coast Hwy is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

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