NOT LISTED FOR SALE

Estimated Value: $4,634,000 - $5,507,000

6 Beds
6 Baths
3,473 Sq Ft
$1,430/Sq Ft Est. Value

Last Sold December 08, 2021

Last sale price $4,000,000 $1,152 Per Sq Ft

Est. 24% increase in value since last sale

Current estimated payment $31,183/month

65 Days on Market

Highlights

  • Ocean View
  • Gourmet Kitchen
  • Gated Parking
  • Malibu Elementary School Rated A
  • Primary Bedroom Suite
  • Gated Community

About This Home

As of December 2021

Live your best life in this artfully designed and light filled ocean view estate. Located in one of Malibu's most private gated communities, this chic coastal Contemporary radiates warmth and style. Enveloped by nature yet only minutes to Zuma Beach, excellent schools, gourmet restaurants and shops. Enjoy the emotions evoked by its cool modern architecture blended with vibrant interior details. No expense was spared in the recent remodel including a gourmet chef's dream kitchen with huge center isle, quartz countertops, Wolf and Subzero appliances. The kitchen flows seamlessly into an open great room with floor to ceiling walls of glass, wide plank oak floors, giant coral reef-inspired chandeliers and sliding doors that lead to an expansive deck for al fresco dining/relaxing and a grassy yard for kids to play or pets to romp. The upstairs primary suite is a luxurious retreat with sweeping ocean and mountain views, cozy fireplace, spa-like bathroom and designer walk-in closet. Five additional remodeled bedrooms and baths included on separate wings for kids/guests, and office/bedroom with its own big sunny deck. Plus plenty of room to expand on this sprawling three-acre property. A must-see home perfect for living the Malibu lifestyle.

Last Agent to Sell the Property

Mark S. Gruskin

Westside Estate Agency-Malibu License #01324387 Listed on: 07/14/2021

Westside Estate Agency-Malibu

Last Buyer's Agent

Peter Cornell

The Oppenheim Group, Inc. License #02001634

The Oppenheim Group, Inc.

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $48,862

Year Built

  • Built in 1980 | Remodeled

Lot Details

  • 3.36 Acre Lot
  • Gated Home
  • Property is zoned LCR11Y

HOA Fees

  • $58 Monthly HOA Fees

Property Views

  • Ocean
  • Coastline
  • Mountain

Home Design

  • Contemporary Architecture

Interior Spaces

  • 3,473 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • High Ceiling
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Area
  • Home Office
  • Loft
  • Alarm System

Kitchen

  • Gourmet Kitchen
  • Oven or Range
  • Range
  • Microwave
  • Freezer
  • Dishwasher
  • Kitchen Island
  • Stone Countertops
  • Disposal

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 6 Bedrooms
  • Fireplace in Primary Bedroom
  • Primary Bedroom Suite
  • Walk-In Closet
  • Remodeled Bathroom
  • 6 Full Bathrooms
  • Double Vanity

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • 5 Open Parking Spaces
  • Driveway
  • Gated Parking

Outdoor Features

  • Room in yard for a pool
  • Balcony
  • Deck
  • Open Patio

Utilities

  • Central Heating
  • Septic Tank
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4467-017-015

Community Details

Security

  • Security Service
  • Gated Community

Home Details

Home Type

Single Family

Est. Annual Taxes

$48,862

Year Built

Built in 1980 | Remodeled

Lot Details

0

HOA Fees

$58 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Contemporary
  • Street Number Display: Yes
  • Advertising Remarks: Located in one of Malibus most private gated communities, this chic coastal Contemporary estate radiates warmth & style. No expense was spared in the recent remodel including a chef's dream kitchen with huge isle, quartz counters & Wolf/Sub-Zero appliances. The kitchen flows into an open great room with floor to ceiling walls of glass, wide plank oak floors, coral reef-inspired chandeliers & sliding doors that lead to an expansive deck for al fresco dining/relaxing and a grassy yard. The upstairs primary suite is a luxurious retreat with sweeping ocean and mountain views, fireplace, spa-like bath and designer walk-in closet. Five additional remodeled bedrooms and baths included on separate wings for kids/guests, and office/bedroom with its own sunny deck. Plus, plenty of room to expand on this sprawling 3-acre property. Minutes to Zuma Beach, excellent schools, restaurants & shops.
  • Living Area: 3473
  • Lot Acreage: 3.3645
  • Property Condition: Updated/Remodeled
  • Stories: 2
  • Year Built: 1980
  • Number Of Photos: 47
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Master Bedroom
  • Flooring: Tile, Wood
  • Appliances: Range
  • Bedrooms: 6
  • Fireplaces: 2
  • Full Bathroom: 6
  • Half Bathroom: 0
  • Bedroom Features: Master Suite, WalkInCloset
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Bathroom Features: Double Vanity(s), Remodeled
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 1
  • Eating Areas: Kitchen Island, Dining Area
  • Kitchen Features: Stone Counters, Gourmet Kitchen, Island
  • Laundry: Room
  • Maids Room: 1
  • Total Bathrooms: 6.00
  • Den: 0
  • Equipment: Alarm System, Built-Ins, Cable, Dishwasher, Dryer, Freezer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Fireplace: Yes
  • Price Per S Q F T: 1223.73

Exterior Features

  • Other Features: Balcony, High Ceilings (9 Feet+)
  • Other Structures: Other
  • Patio: Deck(s), Balcony
  • Pool Description: Room For
  • Pool: No
  • Spa Yn: No
  • View: Mountains, Ocean, Coastline
  • View: Yes

Garage/Parking

  • Other Spaces: 5
  • Covered Parking: 3
  • Parking Garage: Garage - 3 Car, Gated, Driveway

Utilities

  • Heating: Central
  • Security: Gated, Community
  • Sewer: Septic Tank

Association/Amenities

  • Amenities: Gated Community

Condo/Co-op/Association

  • HOA Fee Frequency: Annually
  • HOA Fees: 695.00
  • HOA: Yes

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Assessor Parcel Number: 4467-017-015
  • Lot Description: Gated Community
  • Lot Size Area: 146557

Rental Info

  • Furnished: Furnished Or Unfurnished

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jul 14, 2021
Closed on
Nov 29, 2021
Sold by
Starr Janelle and Sanchez Rodrigo
Bought by
Massimini Emanuele
Seller's Agent
Mark S. Gruskin
Westside Estate Agency-Malibu
Buyer's Agent
Peter Cornell
The Oppenheim Group, Inc.
List Price
$4,495,000
Sold Price
$4,000,000
Premium/Discount to List
-$495,000
-11.01%
Current Estimated Value
$4,964,930

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$964,930
Avg. Annual Appreciation
5.98%
Original Mortgage
$3,000,000
Outstanding Balance
$2,765,958
Interest Rate
3.14%
Mortgage Type
New Conventional
Estimated Equity
$2,198,972

Purchase Details

Closed on
Jun 14, 2014
Sold by
Aregawi Azeb and Aregawi Family Trust
Bought by
Starr Janelle and Sanchez Rodrigo

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,964,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Aug 16, 2002
Sold by
Aregawi Berihu
Bought by
Aregawi Berihu and Aregawi Azeb

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,066,000
Interest Rate
5.37%

Purchase Details

Closed on
Jun 14, 2002
Sold by
Aregawi Berihu and Aregawi Azeb
Bought by
Aregawi Berihu and Aregawi Azeb

Purchase Details

Closed on
Oct 23, 1998
Sold by
Aregawi Berihu and Aregawi Azeb F
Bought by
Aregawi Berihu

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$830,000
Interest Rate
6.6%
Source: Public Records

Range of Values:

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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
Massimini Emanuele $4,000,000 Fidelity National Title Co
Starr Janelle $2,455,000 Old Republic Title Company
Aregawi Berihu -- First American Title Co
Aregawi Berihu -- --
Aregawi Berihu -- --
Aregawi Berihu -- First American Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Massimini Emanuele $3,000,000
Previous Owner Starr Janelle $1,900,000
Previous Owner Starr Janelle $1,964,000
Previous Owner Aregawi Berihu $115,000
Previous Owner Aregawi Berihu $1,075,000
Previous Owner Aregawi Berihu $1,066,000
Previous Owner Aregawi Berihu $1,060,000
Previous Owner Aregawi Berihu $1,050,000
Previous Owner Aregawi Berihu $1,040,000
Previous Owner Aregawi Berihu $830,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/08/2021 12/08/21 Sold $4,000,000 -5.9% $1,152 / Sq Ft
09/17/2021 09/17/21 Pending -- -- --
08/25/2021 08/25/21 Price Changed $4,250,000 -5.5% $1,224 / Sq Ft
07/14/2021 07/14/21 For Sale $4,495,000 +83.1% $1,294 / Sq Ft
10/07/2014 10/07/14 Sold $2,455,000 -9.0% $707 / Sq Ft
08/15/2014 08/15/14 Pending -- -- --
07/24/2014 07/24/14 For Sale $2,699,000 +9.9% $777 / Sq Ft
07/21/2014 07/21/14 Off Market $2,455,000 -- --
07/17/2014 07/17/14 Price Changed $2,699,000 -9.9% $777 / Sq Ft
05/07/2014 05/07/14 Price Changed $2,995,000 -9.0% $862 / Sq Ft
01/17/2014 01/17/14 Price Changed $3,290,000 -11.0% $947 / Sq Ft
08/21/2013 08/21/13 For Sale $3,695,000 -- $1,064 / 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 $48,862 $4,244,832 $2,653,020 $1,591,812
2024 $48,862 $4,161,600 $2,601,000 $1,560,600
2023 $48,026 $4,080,000 $2,550,000 $1,530,000
2022 $47,428 $4,000,000 $2,500,000 $1,500,000
2021 $32,453 $2,725,841 $2,180,675 $545,166
2019 $31,814 $2,644,993 $2,115,996 $528,997
2018 $30,153 $2,593,131 $2,074,506 $518,625
2016 $29,049 $2,492,438 $1,993,951 $498,487
2015 $28,739 $2,455,000 $1,964,000 $491,000
2014 $12,880 $1,053,973 $624,579 $429,394
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-757218

The MLS

APN: 4467-017-015