NOT LISTED FOR SALE

506 Thrift Rd Malibu, CA 90265

Santa Monica Mountains Neighborhood

Estimated Value: $1,524,000 - $2,198,000

5 Beds
3 Baths
2,649 Sq Ft
$694/Sq Ft Est. Value

Sale Details

Date Sold: June 21, 2023

Last sale price $2,020,000 $763 Per Sq Ft

Est. 9% decrease in value since last sale

Current estimated payment $11,495 / mo

13 Days on Market

Highlights

  • Views of Trees
  • Wood Flooring
  • 4 Car Detached Garage
  • Sumac Elementary School Rated A
  • Den
  • Walk-In Closet

About This Home

As of June 2023

In the heart of Malibu's Wine Country, sits this newly reimagined Modern Ranch home conveniently located within minutes of beautiful Malibu beaches, hiking trails, shopping, restaurants and the 101 fwy. Open floor plan with vaulted ceilings, French Oak flooring, living room, den off the kitchen, separate office and formal dining room. Abundance of natural light throughout the home. Chef's kitchen with Carrera center island and Quartz counters, custom cabinets that open up to a warm den and fireplace. Primary bedroom has a large en-suite bathroom and walk in closet. Separate laundry/mud room. Serene mountain views from every room in a peaceful small neighborhood at the end of a cul-de-sac. 4 bedrooms plus a separate office downstairs and a detached guest house. Room for a pool. Enjoy the Malibu lifestyle!

Last Agent to Sell the Property

Linnea Renee Sivertsen

Douglas Elliman License #02024638 Listed on: 04/07/2023

Douglas Elliman

Last Buyer's Agent

Alec Traub

Rodeo Realty License #01403054

Rodeo Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1999

Lot Details

  • 18,014 Sq Ft Lot
  • Property is zoned LCA11*

HOA Fees

  • $275 Monthly HOA Fees

Parking

  • 4 Car Detached Garage

Property Views

  • Trees
  • Vineyard
  • Mountain
  • Hills

Home Design

  • Clay Roof

Interior Spaces

  • 2,649 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Living Room with Fireplace
  • Den
  • Wood Flooring

Kitchen

  • Oven or Range
  • Microwave
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 5 Bedrooms
  • Walk-In Closet
  • 3 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Central Heating and Cooling System
  • Septic Tank
  • Cable TV Available

Community Details

  • Association Phone (818) 694-1681

Listing and Financial Details

  • Assessor Parcel Number 4464-012-010

Home Details

Home Type

Single Family

Year Built

Built in 1999

Lot Details

0.41 Acres

HOA Fees

$275 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Complex Name: Malibu Highlands
  • Living Area: 2649
  • Lot Acreage: 0.2090
  • Planned Urban Dev: 0
  • Stories: 2
  • Year Built: 1999
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 5
  • Fireplaces: 1
  • Full Bathroom: 3
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Room, Inside
  • Total Bathrooms: 3.00
  • Equipment: Cable, Ceiling Fan, Dishwasher, Dryer, Freezer, Garbage Disposal, Refrigerator, Washer, Range/Oven, Microwave, Ice Maker
  • Fireplace: Yes
  • Price Per S Q F T: 792.75

Exterior Features

  • Other Structures: None
  • Pool: No
  • Roof: Clay
  • Spa Yn: No
  • View: Mountains, Tree Top, Vineyard, Hills
  • View: Yes

Garage/Parking

  • Parking Garage: Detached
  • Total Parking: 4

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central
  • Sewer: Septic Tank

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 275.00
  • Phone: 8186941681|
  • HOA: Yes

Lot Info

  • Assessor Parcel Number: 4464-012-010
  • Lot Size Area: 18014

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 7, 2023
Closed on
Apr 28, 2023
Sold by
Dubravac Sean and Dubravac Linnea
Bought by
Alex T Wake Living Trust
Seller's Agent
Linnea Renee Sivertsen
Douglas Elliman
Buyer's Agent
Alec Traub
Rodeo Realty
List Price
$2,100,000
Sold Price
$2,020,000
Premium/Discount to List
-$80,000
-3.81%
Views
404
Current Estimated Value
$1,837,593

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
-$182,407
Avg. Annual Appreciation
-3.25%
Original Mortgage
$1,616,000
Interest Rate
6.35%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 7, 2020
Closed on
Nov 12, 2020
Sold by
Spinks Patrick N and Spinks Johanna J
Bought by
Mathis Malia Christina and Mathis Jeffery Lance
Seller's Agent
Carolynn Cozen
Sotheby's International Realty
Buyer's Agent
Jill Reeder
Compass
List Price
$1,395,000
Sold Price
$1,400,000
Premium/Discount to List
$5,000
0.36%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
15.46%
Original Mortgage
$1,120,000
Interest Rate
5.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jul 6, 2002
Sold by
Soloway Steve
Bought by
Soloway Steve and Soloway Beth

Purchase Details

Closed on
Apr 30, 2002
Sold by
Soloway Beth
Bought by
Soloway Steve

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.13%

Purchase Details

Closed on
Sep 7, 2001
Sold by
Design/Investment Group Inc
Bought by
Soloway Steve and Soloway Beth

Purchase Details

Closed on
Mar 17, 1999
Sold by
Malibu Highlands 30 Ltd
Bought by
Soloway Steve and Soloway Beth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$345,800
Interest Rate
7.68%
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
Alex T Wake Living Trust $2,020,000 Lawyers Title Company
Mathis Malia Christina $1,400,000 Lawyers Title
Soloway Steve -- --
Soloway Steve -- Fidelity Title
Soloway Steve -- --
Soloway Steve $432,500 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Alex T Wake Living Trust $1,616,000
Previous Owner Mathis Malia Christina $1,120,000
Previous Owner Soloway Steve $400,000
Previous Owner Soloway Steve $345,800
Closed Soloway Steve $43,200
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/21/2023 06/21/23 Sold $2,020,000 -3.8% $763 / Sq Ft
04/21/2023 04/21/23 Pending -- -- --
04/07/2023 04/07/23 For Sale $2,100,000 +10.5% $793 / Sq Ft
05/19/2022 05/19/22 Sold $1,900,000 -4.3% $717 / Sq Ft View Prior Sale
04/18/2022 04/18/22 Pending -- -- --
04/08/2022 04/08/22 For Sale $1,985,000 0.0% $749 / Sq Ft
02/07/2022 02/07/22 Rented $9,500 0.0% --
01/30/2022 01/30/22 Price Changed $9,500 -11.6% $4 / Sq Ft
01/22/2022 01/22/22 For Rent $10,750 0.0% --
12/03/2020 12/03/20 Sold $1,400,000 +0.4% $529 / Sq Ft View Prior Sale
10/15/2020 10/15/20 Pending -- -- --
10/07/2020 10/07/20 For Sale $1,395,000 -- $527 / 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 $17,741 $1,581,408 $957,168 $624,240
2024 $17,741 $1,550,400 $938,400 $612,000
2023 $17,442 $1,530,000 $918,000 $612,000
2022 $12,980 $1,142,400 $685,440 $456,960
2021 $12,959 $1,120,000 $672,000 $448,000
2020 $5,839 $492,084 $158,948 $333,136
2019 $7,292 $623,338 $155,832 $467,506
2018 $7,221 $611,117 $152,777 $458,340
2016 $6,833 $587,389 $146,846 $440,543
2015 $6,717 $578,567 $144,641 $433,926
2014 $6,629 $567,234 $141,808 $425,426
Source: Public Records

Agents Affiliated with this Home

  • Linnea Renee Sivertsen

    Seller's Agent in 2023

    Linnea Renee Sivertsen

    Douglas Elliman

    (310) 383-9221

    2 in this area

    7 Total Sales

    Linnea Renee Sivertsen
    Section Image
  • Alec Traub

    Buyer's Agent in 2023

    Alec Traub

    Rodeo Realty

    (877) 973-3346

    1 in this area

    10 Total Sales

    Alec Traub
    Section Image
  • Jill Reeder

    Seller's Agent in 2022

    Jill Reeder

    Compass

    (310) 924-9311

    1 in this area

    25 Total Sales

    Jill Reeder
    Section Image

  • L

    Buyer's Agent in 2022

    Linn Renee Sivertsen

    The Agency

  • C

    Seller's Agent in 2020

    Carolynn Cozen

    Sotheby's International Realty

    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 23-241895

The MLS

APN: 4464-012-010

California Los Angeles County Malibu 90265 Santa Monica Mountains

506 Thrift Rd, Malibu, CA

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