NOT LISTED FOR SALE

Estimated Value: $730,000 - $1,934,000

0.41 Acre
$3,171,672 Price per Acre
17,712 Sq Ft Lot

Last Sold February 13, 2024

Last sale price $670,000 $197 Per Sq Ft

Est. 92% increase in value since last sale

Current estimated payment $7,541/month

458 Days on Market

Highlights

  • Ocean View
  • No HOA
  • Cul-De-Sac
  • Poinsettia Elementary School Rated A-

About This Lot

As of February 2024

****HUGE PRICE REDUCTION***!!!!! DON'T MISS THIS OPPORTUNITY! CALL TODAY! (No HOA fees. There is CC&R and a architectural control committee)

Breathtaking and unobstructed panoramic views. This one of a kind approximately 17,710 sqft, lot is uniquely in the cul-de-sac of Cobblestone Dr., nestled down at the edge of a cliff providing both privacy and unobstructable views of the Ocean, Mountains, the Santa Barbara Islands chain(Channel Islands), and the fertile valleys below.

Surrounded by multi-million dollar homes this prestigious community has no HOA fees. The attached artist's rendition gives you a glimpse into the dream home reality it can offer with your imagination and creativity. This can be one of the most contemporary modern architectural wonders in Ventura. Don't miss out on this excellent opportunity to build your dream home.

Soil and surveyor reports are available in the supplements section of the listing. Included also will be an Architect layout of a beautiful, modern home specifically designed for this lot.

The owner is willing to reduce the price by $20000.00 (twenty thousand dollar) if the buyer closes escrow by by December 30, 2023.

Last Agent to Sell the Property

Don Wijesinghe

NCW Realtors License #01831192 Listed on: 10/24/2022

Last Buyer's Agent

Annie Schwartz

Atlas Elm Realty License #02045073

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $6,175

Lot Details

  • 0.41 Acre Lot
  • Cul-De-Sac
  • Property is zoned RPD3U

Property Views

  • Ocean
  • Panoramic
  • City Lights
  • Mountain

Utilities

  • Source of electricity is unknown

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 5
  • Tax Tract Number 298900
  • Assessor Parcel Number 0650270055
  • $105 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$6,175

Lot Details

0

Listing Details

  • View: Yes
  • Zoning: RPD3U
  • Property Type: Land
  • Parcel Number: 0650270055
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 37.83

Exterior Features

  • View: City Lights, Mountain(s), Ocean, Panoramic

Utilities

  • Utilities: Sewer Available, Water Available
  • Electric: Electricity - Unknown
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Curbs

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Cul-De-Sac
  • Lot Size Sq Ft: 17710.00
  • Lot Size Acres: 0.4066

Multi Family

  • Lot Size Area: 17710.0000 Square Feet

Tax Info

  • Tax Census Tract: 96.00
  • Tax Lot: 5
  • Tax Tract Number: 298900
  • TaxOtherAnnualAssessmentAmount: 105.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Oct 24, 2022
Closed on
Jan 29, 2024
Sold by
Weed Kent Richard
Bought by
Mcconnell Stacie Ann and Casper Matthew Tyler
Seller's Agent
Don Wijesinghe
NCW Realtors
Buyer's Agent
Annie Schwartz
Atlas Elm Realty
List Price
$849,000
Sold Price
$670,000
Premium/Discount to List
-$179,000
-21.08%
Views
899
Current Estimated Value
$1,289,602

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$619,602
Avg. Annual Appreciation
64.50%

Purchase Details

Listed on
Jan 11, 2022
Closed on
Feb 3, 2022
Sold by
Pazen Family Revocable Trust
Bought by
Weed Kent Richard
Seller's Agent
Ghada AlBawab
RE/MAX Gold Coast REALTORS
Buyer's Agent
Don Wijesinghe
NCW Realtors
List Price
$540,000
Sold Price
$540,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
11.45%

Purchase Details

Closed on
Jan 28, 2004
Sold by
Pazen Robert L and Pazen Wendy A
Bought by
Pazen Robert L and Pazen Wendy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$333,700
Interest Rate
5.8%
Mortgage Type
Stand Alone Refi Refinance Of Original Loan

Purchase Details

Closed on
Aug 4, 2003
Sold by
Pazen Robert L and Pazen Wendy A
Bought by
Pazen Robert L and Pazen Wendy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$322,700
Interest Rate
5.6%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Feb 7, 1997
Sold by
Pazen Robert L and Pazen Wendy A
Bought by
Pazen Robert L and Pazen Wendy A

Purchase Details

Closed on
Mar 26, 1996
Sold by
Cobblestone Properties
Bought by
Pazen Robert L and Pazen Wendy A

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$207,000
Interest Rate
8.07%
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
Mcconnell Stacie Ann $670,000 Lawyers Title
Weed Kent Richard $540,000 Fidelity National Title
Pazen Robert L -- Chicago Title Co
Pazen Robert L -- Chicago Title Co
Pazen Robert L -- Chicago Title Co
Pazen Robert L -- Chicago Title Co
Pazen Robert L -- --
Pazen Robert L $375,000 Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Pazen Robert L $333,700
Previous Owner Pazen Robert L $322,700
Previous Owner Pazen Robert L $180,000
Previous Owner Pazen Robert L $60,000
Previous Owner Pazen Robert L $227,150
Previous Owner Pazen Robert L $207,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/13/2024 02/13/24 Sold $670,000 -13.4% $197 / Sq Ft
01/25/2024 01/25/24 Pending -- -- --
07/29/2023 07/29/23 Price Changed $774,000 -8.8% $228 / Sq Ft
10/24/2022 10/24/22 For Sale $849,000 +57.2% $250 / Sq Ft
02/16/2022 02/16/22 Sold $540,000 0.0% $159 / Sq Ft
01/11/2022 01/11/22 For Sale $540,000 -- $159 / 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 $6,175 $683,400 $683,400 --
2024 $6,175 $561,816 $561,816 --
2023 $6,142 $550,800 $550,800 $0
2022 $1,939 $177,783 $177,783 $0
2021 $1,834 $174,298 $174,298 $0
2020 $1,800 $170,879 $170,879 $0
2019 $1,767 $167,529 $167,529 $0
2018 $1,810 $164,245 $164,245 $0
2017 $5,800 $551,456 $214,700 $336,756
2016 $5,698 $540,644 $210,491 $330,153
2015 $5,606 $532,525 $207,330 $325,195
2014 -- $522,096 $203,270 $318,826
Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SW22228945

California Regional Multiple Listing Service (CRMLS)

APN: 065-0-270-055