NOT LISTED FOR SALE

6244 Busch Dr Malibu, CA 90265

Estimated Value: $4,047,000 - $4,889,000

0.48 Acre
$9,017,133 Price per Acre
21,041 Sq Ft Lot

Last Sold September 22, 2020

Last sale price $1,100,000 $551 Per Sq Ft

Est. 296% increase in value since last sale

Current estimated payment $24,796/month

34 Days on Market

Highlights

  • Panoramic View
  • Malibu Elementary School Rated A
  • Home fronts a stream

About This Lot

As of September 2020

Malibu post-fire lot with approximately half an acre of land with planning approval for a two-story home 3 bedroom / 2 bathroom. Per Architect, and subject to independent Buyer verification: Planning approval for fire rebuild of original 2,000 sq. ft. house and 400+ garage PLUS 10% added allowance of 400 additional sq. ft. Plans, Survey, Biology, Fire, Civil Engineering, and Structural Engineering completed. Pending final approval from the City of Malibu. Designed with a new fire and water-resistant house skinning system and focused with the goal of being a Passive House and carbon neutral. Indoor/outdoor living lifestyle with amazing finishes and views of the stream with old-growth trees. Planted roof with sitting area/fireplace and herb gardens with fruit trees. Incredible opportunity. LCRA1 Zoning. Prime location surrounded by distinguished estates in a prestigious neighborhood. Nearby hiking trails, stores, markets, schools, and a few blocks from the beaches.

Last Agent to Sell the Property

Aitan Segal

Compass License #01423997 Listed on: 07/24/2020

Compass

Last Buyer's Agent

OUT OF AREA

OUT OF AREA License #00000000

Property Details

Property Type

  • Land

Lot Details

  • 0.48 Acre Lot
  • Home fronts a stream
  • Property is zoned LCRA1*

Property Views

  • River
  • Panoramic
  • Woods
  • Trees
  • Orchard Views
  • Creek or Stream

Utilities

  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4467-029-021

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: Orchard/Grove, Panoramic, River, Tree Top, Trees/Woods, Creek/Stream
  • View: Yes
  • Waterfront: Stream

Utilities

  • Cable: No
  • Sewer: Septic Tank
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 4467-029-021
  • Lot Size Area: 21041

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 24, 2020
Closed on
Nov 17, 2020
Sold by
Farrer Cameron W and The Cameron & Karen Farrer Liv
Bought by
Muir Tyler and Muir Bridgette
Seller's Agent
Aitan Segal
Compass
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$1,245,000
Sold Price
$1,100,000
Premium/Discount to List
-$145,000
-11.65%
Current Estimated Value
$4,355,590

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$3,255,590
Avg. Annual Appreciation
29.84%
Original Mortgage
$504,357
Outstanding Balance
$448,806
Interest Rate
2.8%
Mortgage Type
Commercial
Estimated Equity
$3,906,784

Purchase Details

Listed on
Jul 24, 2020
Closed on
Sep 1, 2020
Sold by
Segal Ruth and The Ruth Segal Revocable 1998
Bought by
Farrer Cameron W and Farrer Karen M
Seller's Agent
Aitan Segal
Compass
Buyer's Agent
OUT OF AREA
OUT OF AREA
List Price
$1,245,000
Sold Price
$1,100,000
Premium/Discount to List
-$145,000
-11.65%

Purchase Details

Closed on
Jan 7, 2019
Sold by
Segal Ruth
Bought by
Segal Ruth and The Ruth Segal Revocable 1998

Purchase Details

Closed on
Nov 17, 2015
Sold by
Segal Ruth
Bought by
Segal Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
3.73%
Mortgage Type
New Conventional

Purchase Details

Closed on
Oct 2, 2008
Sold by
Segal Ruth
Bought by
Segal Ruth and Ruth Segal Revocable 1998 Trust

Purchase Details

Closed on
Aug 16, 2007
Sold by
Segal Ruth
Bought by
Segal Ruth

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,495,000
Interest Rate
6.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Mar 10, 2005
Sold by
Segal Ruth
Bought by
Segal Ruth and Ruth Segal Revocable 1998 Trust

Purchase Details

Closed on
Mar 8, 2005
Sold by
Guerrero Sarah
Bought by
Guerrero Sarah and Sarah Guerrero Revocable 1998 Trust

Purchase Details

Closed on
Nov 19, 1998
Sold by
Guerrero Sarah
Bought by
Guerrero Sarah and Sarah Guerrero Revocable 1998 Trust

Purchase Details

Closed on
Jun 30, 1997
Sold by
Guerrero Pablo
Bought by
Guerero Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
7.92%

Purchase Details

Closed on
Jun 26, 1997
Sold by
Wattles Joshua
Bought by
Guerrero Sarah

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$378,000
Interest Rate
7.92%
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
Muir Tyler $1,104,500 Stewart Title Guaranty Co
Farrer Cameron W $1,100,000 Wfg National Title Company
Segal Ruth -- None Available
Segal Ruth -- Wfg National Title Co Of Ca
Segal Ruth -- None Available
Segal Ruth -- Alliance Title Company
Segal Ruth -- --
Guerrero Sarah -- --
Guerrero Sarah -- --
Guerrero Sarah -- --
Guerrero Sarah -- --
Guerero Sarah -- First American
Guerrero Sarah $540,000 First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Muir Tyler $504,357
Previous Owner Segal Ruth $1,000,000
Previous Owner Segal Ruth $1,495,000
Previous Owner Guerrero Sarah $378,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/22/2020 09/22/20 Sold $1,100,000 -2.2% $551 / Sq Ft
08/27/2020 08/27/20 Pending -- -- --
08/05/2020 08/05/20 Price Changed $1,125,000 -9.6% $564 / Sq Ft
07/24/2020 07/24/20 For Sale $1,245,000 -- $624 / 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 $24,528 $2,087,865 $1,195,390 $892,475
2024 $24,528 $2,046,927 $1,171,951 $874,976
2023 $24,040 $2,006,792 $1,148,972 $857,820
2022 $13,665 $1,122,000 $1,122,000 $0
2021 $13,339 $1,100,000 $1,100,000 $0
2020 $7,910 $629,521 $629,417 $104
2019 $7,795 $617,178 $617,076 $102
2018 $9,264 $757,789 $604,977 $152,812
2016 $8,907 $728,365 $581,486 $146,879
2015 $8,787 $717,425 $572,752 $144,673
2014 $8,679 $703,373 $561,533 $141,840
Source: Public Records

Agents Affiliated with this Home

  • Aitan Segal

    Seller's Agent in 2020

    Aitan Segal

    Compass

    (310) 739-1561

    7 Total Sales

    Aitan Segal
    Section Image

  • O

    Buyer's Agent in 2020

    OUT OF AREA

    OUT OF AREA

See All Agents

Map

Source: The MLS

MLS Number: 20-605686

The MLS

APN: 4467-029-021

California Los Angeles County Malibu 90265

6244 Busch Dr, Malibu, CA

Not Listed for Sale

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