NOT LISTED FOR SALE

5540 Horizon Dr Malibu, CA 90265

Estimated Value: $2,476,000 - $4,500,000

1.3 Acres
$2,499,151 Price per Acre
56,628 Sq Ft Lot

Last Sold June 17, 2020

Last sale price $1,650,000 $582 Per Sq Ft

Est. 97% increase in value since last sale

Current estimated payment $18,733/month

59 Days on Market

Highlights

  • White Water Ocean Views
  • Malibu Elementary School Rated A
  • Corner Lot

About This Lot

As of June 2020

Literally Sunrise to Sunset Views from this building site. Build your own custom home on this approx. 1.3 ocean view acre property. Woolsey Fire re-build affords you the opportunity to re-build the 2837 square foot home plus 10% that existed, within a given time period. Property has been recently cleared and is easy to walk around on. Come see the gorgeous view and imagine yourself living here in this desirable area, known as Malibu Park. It's close to beaches, hiking trails, schools, stores, restaurants and this gorgeous area offers natural scenic beauty while just minutes to the Pacific Coast Highway. Take the time to explore Malibu and you will never want to leave. The City is currently accepting new plans and proceeding with the permit process during this challenging time of overcoming COvid 19. Don't let this virus slow you down if you want to move to Malibu. Interest rates are low and real estate has historically been something of value you want to call your own.

Last Agent to Sell the Property

Ellen Francisco

Coldwell Banker Realty License #00709314 Listed on: 04/06/2020

Coldwell Banker Realty

Last Buyer's Agent

Brian Merrick

Coldwell Banker Realty License #01204107

Coldwell Banker Realty

Property Details

Property Type

  • Land

Lot Details

  • 1.3 Acre Lot
  • Corner Lot
  • Hillside Location
  • Property is zoned LCRA20

Property Views

  • White Water Ocean
  • City

Utilities

  • Property is located within a water district
  • Septic Tank
  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4469-007-008

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 1.3000
  • Probate: No
  • Survey: Buyer Pays
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Fenced: No
  • Public Street: No
  • Road Frontage: Yes
  • Street Description: Asphalt
  • Street Lights: No
  • View: Ocean, Water, White Water, City
  • View: Yes

Utilities

  • Cable: Yes
  • Electric: In Street, On Site
  • Gas: In Street
  • Sewer: Septic Tank
  • Telephone Service: In Street
  • Telephone: Yes
  • Water: District, Water District

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4469-007-008
  • Current Geological: No
  • Geocode Override: No
  • Ingress Egress: Yes
  • Lot Location: Hillside, Corner Lot
  • Lot Size Area: 56781
  • Site Decription: Hillside
  • Staked: No
  • Topography: Varied
  • Water Well: No

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Apr 6, 2020
Closed on
Jun 8, 2020
Sold by
Garvin Hugh L and Garvin Shirley G
Bought by
Beale Ron L and Beale Terri Lynn
Seller's Agent
Ellen Francisco
Coldwell Banker Realty
Buyer's Agent
Brian Merrick
Coldwell Banker Realty
List Price
$1,795,000
Sold Price
$1,650,000
Premium/Discount to List
-$145,000
-8.08%
Current Estimated Value
$3,248,896

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,598,896
Avg. Annual Appreciation
13.19%

Purchase Details

Closed on
Jun 5, 1996
Sold by
Garvin Hugh L and Garvin Shirley G
Bought by
Garvin Hugh L
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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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
Beale Ron L $1,650,000 Equity Title Company
Garvin Hugh L -- --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/17/2020 06/17/20 Sold $1,650,000 -8.1% $582 / Sq Ft
06/04/2020 06/04/20 Pending -- -- --
04/06/2020 04/06/20 For Sale $1,795,000 -- $633 / 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 $21,130 $1,804,513 $1,804,513 --
2024 $21,130 $1,769,131 $1,769,131 --
2023 $20,701 $1,734,443 $1,734,443 $0
2022 $20,402 $1,700,435 $1,700,435 $0
2021 $19,486 $1,667,094 $1,667,094 $0
2020 $1,259 $83,056 $83,056 $0
2019 $1,284 $81,428 $81,428 $0
2018 $4,337 $356,436 $81,428 $275,008
2016 $4,150 $342,597 $78,267 $264,330
2015 $4,097 $337,452 $77,092 $260,360
2014 $4,076 $330,842 $75,582 $255,260
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 20-569990

The MLS

APN: 4469-007-008