NOT LISTED FOR SALE

Estimated Value: $3,492,477 - $4,808,000

3 Beds
2 Baths
2,105 Sq Ft
$1,962/Sq Ft Est. Value

Last Sold October 13, 2023

Last sale price $3,220,000 $1,530 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $24,963/month

29 Days on Market

Highlights

  • Barn or Stable
  • Horse Property
  • Primary Bedroom Suite
  • Malibu Elementary School Rated A
  • In Ground Pool
  • Views of Trees

About This Home

As of October 2023

Welcome to this one-of-a-kind private oasis in the heart of the coveted Bonsall neighborhood of Malibu, adjacent to Point Dume and Malibu Park! This fully gated, 3 bedroom 2 bathroom home with a pool is sprawling on almost a half an acre of pristine land, offering unrivaled privacy and tranquility. Situated in an incredible location just a stone's throw to the world-renowned Zuma Beach, this property offers easy access to the sandy shores and sparkling waters. Close proximity to Malibu High School and Point Dume Village provides ultimate convenience. This home presents an incredible opportunity for an end user to put their personal touch and make it their dream home. For developers, the spacious lot and prime location provide a perfect canvas to create a masterpiece that will capture the essence of Malibu living. Indulge in the Southern California lifestyle with a sparkling pool, perfect for lazy summer days and entertaining friends and family. The expansive lot offers ample space for a thriving garden, horse stables, or even have a guest house - the choice is yours. Surrounded by lush greenery and strategically positioned to ensure utmost privacy, this gated property truly feels like a tropical retreat. Immerse yourself in the serenity of nature as you unwind and relax in your own piece of paradise. Don't miss out on the opportunity to own this exceptional property in one of the most coveted areas of Malibu. Whether you're searching for a personal haven or seeking a development opportunity, this home offers endless possibilities. **Offer deadline of Monday, August 28 at 12pm**

Last Agent to Sell the Property

Meredith Gruszka

Pardee Properties License #02013805 Listed on: 08/10/2023

Co-Listed By

Tamra Pardee

Pardee Properties License #01421451

Last Buyer's Agent

Daniel Giventer

Christie's International Real Estate SoCal License #01994450

Christie's International Real Estate SoCal

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $37,865

Year Built

  • Built in 1955

Lot Details

  • 0.56 Acre Lot
  • Lot Dimensions are 142x160
  • Property Near a Canyon
  • South Facing Home
  • Fenced Yard
  • Secluded Lot
  • Level Lot
  • Lawn
  • Value in Land
  • Tear Down
  • Property is zoned LCRA1*

Home Design

  • Midcentury Modern Architecture
  • Ranch Property
  • Major Repairs Completed
  • Fixer Upper
  • Shingle Roof
  • Stone

Interior Spaces

  • 2,105 Sq Ft Home
  • 1-Story Property
  • Family Room
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Bonus Room with Fireplace
  • Views of Trees
  • Laundry Room

Kitchen

  • Breakfast Room
  • Oven
  • Gas and Electric Range

Flooring

  • Wood
  • Tile

Bedrooms and Bathrooms

  • 3 Bedrooms
  • Primary Bedroom Suite
  • Dressing Area
  • 2 Full Bathrooms

Parking

  • 3 Open Parking Spaces
  • 5 Parking Spaces
  • Driveway

Outdoor Features

  • In Ground Pool
  • Horse Property
  • Slab Porch or Patio
  • Shed

Horse Facilities and Amenities

  • Horse Property Unimproved
  • Barn or Stable
  • Stables

Additional Features

  • Ground Level Unit
  • Central Heating

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4467-022-003

Home Details

Home Type

Single Family

Est. Annual Taxes

$37,865

Year Built

Built in 1955

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: Ground Level, One
  • Street Number Display: Yes
  • Entry Location: Ground Level - no steps
  • Living Area: 2105
  • Lot Acreage: 0.5636
  • Lot Dimensions: 142x160
  • Planned Urban Dev: 0
  • Probate: No
  • Property Condition: Fixer, Repairs Major, Tear Down
  • Stories: 1
  • Year Built: 1955
  • Number Of Photos: 75
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Bonus Room
  • Flooring: Wood, Tile
  • Appliances: Gas/Electric Range, Oven
  • Bedrooms: 3
  • Fireplaces: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Bedroom Features: Ground Floor Master, Main Floor Bedroom, Main Floor Master Bedroom, Master Suite
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 1
  • Family Room: 1
  • Eating Areas: Dining Area, Breakfast Area
  • Laundry: Inside
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 1781.47

Exterior Features

  • Direction Faces: South
  • Construction: Stone
  • Other Structures: Stall(s), Shed(s), Barn/Stable
  • Tennis Court Y/N: No
  • Fence: Block
  • Patio: Concrete Slab
  • Pool Description: In Ground
  • Pool: Yes
  • Roof: Shingle
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Other Spaces: 3
  • Covered Parking: 2
  • Parking Garage: Driveway, Garage - 2 Car
  • Total Parking: 5

Utilities

  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: Yes
  • Assessor Parcel Number: 4467-022-003
  • Lot Description: Back Yard, Fenced Yard, Fenced, Horse Property, Horse Property Unimproved, Lawn, Riding/Stables, Yard, Value In Land, Front Yard, Ranch, Lot-Level/Flat, Secluded
  • Lot Location: Canyon
  • Lot Size Area: 24551

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 10, 2023
Closed on
Oct 2, 2023
Sold by
Pepperdine University Le
Bought by
Handley Matthew and Moonan Johanna Rasksen
Seller's Agent
Meredith Gruszka
Pardee Properties
Buyer's Agent
Daniel Giventer
Christie's International Real Estate SoCal
List Price
$3,750,000
Sold Price
$3,220,000
Premium/Discount to List
-$530,000
-14.13%
Views
86
Current Estimated Value
$4,129,619

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$909,619
Avg. Annual Appreciation
13.77%
Original Mortgage
$2,050,000
Outstanding Balance
$2,011,992
Interest Rate
7.18%
Mortgage Type
New Conventional
Estimated Equity
$2,123,893

Purchase Details

Closed on
Sep 17, 2009
Sold by
Mcdougall Joanne S
Bought by
Pepperdine University
Source: Public Records

Range of Values:

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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
Handley Matthew $3,220,000 Stewart Title
Pepperdine University -- Chicago Title Co
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Handley Matthew $2,050,000
Previous Owner Mcdougall Joanne S $51,582
Previous Owner Mcdougall Joanne S $300,000
Previous Owner Mcdougall Joanne S $100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/13/2023 10/13/23 Sold $3,220,000 -14.1% $1,530 / Sq Ft
09/08/2023 09/08/23 Pending -- -- --
08/10/2023 08/10/23 For Sale $3,750,000 -- $1,781 / 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 $37,865 $3,284,400 $2,627,520 $656,880
2024 $37,865 $3,220,000 $2,576,000 $644,000
2023 $4,723 $332,916 $152,868 $180,048
2022 $4,603 $326,389 $149,871 $176,518
2021 $4,473 $319,990 $146,933 $173,057
2019 $4,377 $310,501 $142,576 $167,925
2018 $4,079 $304,414 $139,781 $164,633
2016 $3,899 $292,595 $134,354 $158,241
2015 $3,845 $288,201 $132,336 $155,865
2014 $3,814 $282,556 $129,744 $152,812
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 23-299619

The MLS

APN: 4467-022-003