NOT LISTED FOR SALE

Estimated Value: $1,740,000 - $2,784,000

3.17 Acres
$684,164 Price per Acre
138,138 Sq Ft Lot

Last Sold January 11, 2021

Last sale price $1,250,000 $481 Per Sq Ft

Est. 74% increase in value since last sale

Current estimated payment $13,024/month

9 Days on Market

Highlights

  • 3.17 Acre Lot
  • Malibu Elementary School Rated A
  • Mountain View

About This Lot

As of January 2021

This is an incredible opportunity to purchase a Fire Rebuild property and build your dream home. The approximately 3.17 beautiful acres provide a 2,600 +\- square of build-out. Domestic water meter and a water well on site. Over 1.5 acres of almost flat usable land with room for additional square footage for pool and horses. Temporary power on-site with an airstream trailer allows you to live on the property while obtaining permits. The property is just a few hundred feet from the City of Malibu jurisdiction in Malibu Unincorporated and only minutes from the beach.

Last Agent to Sell the Property

Chris Cortazzo

Compass License #01190363 Listed on: 09/01/2020

Compass

Co-Listed By

Kirby Kotler

Compass License #01872348

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363 Listed on: 09/01/2020

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $15,523

Lot Details

  • 3.17 Acre Lot
  • Property is zoned LCA11*

Property Views

  • Mountain
  • Park or Greenbelt

Utilities

  • Property is located within a water district
  • Well

Listing and Financial Details

  • Assessor Parcel Number 4472-028-028

Property Details

Property Type

Land

Est. Annual Taxes

$15,523

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 3.1712
  • Number Of Photos: 19
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Mountains, Green Belt
  • View: Yes

Utilities

  • Cable: No
  • Electric: In Street
  • Telephone Service: In Street
  • Telephone: No
  • Water: Well, Water District

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4472-028-028
  • Lot Size Area: 138138
  • Staked: No

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Jun 8, 2021
Sold by
White Joshua Leon and White Larissa Susan
Bought by
Encinal Canyon Llc
Current Estimated Value
$2,169,622

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$850,000
Outstanding Balance
$772,913
Interest Rate
2.9%
Mortgage Type
New Conventional
Estimated Equity
$1,396,709

Purchase Details

Listed on
Sep 1, 2020
Closed on
Dec 7, 2020
Sold by
Soloway Natalie and The Natalie Soloway Trust
Bought by
White Joshua Leon and White Larissa Susan
Seller's Agent
Chris Cortazzo
Compass
Buyer's Agent
Chris Cortazzo
Compass
List Price
$1,295,000
Sold Price
$1,250,000
Premium/Discount to List
-$45,000
-3.47%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.59%
Original Mortgage
$850,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Closed on
Mar 16, 2004
Sold by
Soloway Natalie
Bought by
Soloway Natalie and The Natalie Soloway Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$240,000
Interest Rate
5.69%
Mortgage Type
New Conventional

Purchase Details

Closed on
Mar 29, 1996
Sold by
Soloway Natalie
Bought by
Soloway Natalie and The Natalie Soloway Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.98%

Purchase Details

Closed on
Mar 21, 1996
Sold by
Soloway Natalie and The Natalie Soloway Trust
Bought by
Soloway Natalie

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
6.98%
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
Encinal Canyon Llc -- Fidelity Sherman Oaks
White Joshua Leon $1,250,000 Fidelity National Title Co
Soloway Natalie -- Gateway Title Company
Soloway Natalie -- Gateway Title Company
Soloway Natalie -- Equity Title
Soloway Natalie -- Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Encinal Canyon Llc $850,000
Closed Encinal Canyon Llc $850,000
Previous Owner White Joshua Leon $850,000
Previous Owner Soloway Natalie $407,131
Previous Owner Soloway Natalie $417,000
Previous Owner Soloway Natalie $240,000
Previous Owner Soloway Natalie $150,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/11/2021 01/11/21 Sold $1,250,000 -3.5% $481 / Sq Ft
09/10/2020 09/10/20 Pending -- -- --
09/01/2020 09/01/20 For Sale $1,295,000 -- $498 / 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 $15,523 $1,300,500 $1,300,500 --
2024 $15,523 $1,275,000 $1,275,000 --
2023 $7,533 $588,117 $588,008 $109
2022 $7,474 $576,586 $576,479 $107
2021 $7,282 $565,281 $565,176 $105
2020 $7,153 $559,485 $559,381 $104
2019 $7,128 $548,515 $548,413 $102
2018 $11,707 $961,515 $537,660 $423,855
2016 $11,260 $924,181 $516,783 $407,398
2015 $11,108 $910,300 $509,021 $401,279
2014 $11,010 $892,469 $499,050 $393,419
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-626566

The MLS

APN: 4472-028-028