NOT LISTED FOR SALE

Estimated Value: $740,973 - $797,000

2 Beds
2 Baths
1,077 Sq Ft
$1,000/mo HOA Fee

Last Sold January 06, 2022

Last sale price $679,362 $631 Per Sq Ft

Est. 13% increase in value since last sale

Current estimated payment $5,901/month

11 Days on Market

Highlights

  • Ocean View
  • Heated In Ground Pool
  • Traditional Architecture
  • Malibu Elementary School Rated A
  • Living Room with Fireplace
  • Covered Patio or Porch

About This Home

As of January 2022

Building Completed in July of 2021. Best Malibu Gardens floor plan in an upper unit with distant ocean view. Nice large living area and large closet space. New kitchen with all new appliances. Upgraded bathrooms. Permitted Washer and Dryer hookups. 2 car assigned parking. Beautifully landscaped and well managed complex with garden setting pool and spa. Great Malibu location. Short discante to Malibu Gym. Close to Schools. Great Investment. HOA dues include water, trash and fire and earthquake insurance.

Last Agent to Sell the Property

Terry Lucoff

Coldwell Banker Realty License #01112504 Listed on: 11/20/2021

Coldwell Banker Realty

Last Buyer's Agent

Kim Stout

Pinnacle Estate Properties License #01890123

Pinnacle Estate Properties

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $8,551

Year Built

  • Built in 1975

Lot Details

  • 2.92

HOA Fees

  • $1,000 Monthly HOA Fees

Property Views

  • Ocean
  • City Lights

Home Design

  • Traditional Architecture
  • Composition Roof

Interior Spaces

  • 1,077 Sq Ft Home
  • 1-Story Property
  • Decorative Fireplace
  • Living Room with Fireplace
  • Dining Area
  • Vinyl Flooring
  • Laundry Room

Kitchen

  • Breakfast Bar
  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Full Bathrooms

Parking

  • 2 Parking Spaces
  • Carport
  • Side by Side Parking

Outdoor Features

  • Heated In Ground Pool
  • Covered Patio or Porch

Utilities

  • Central Heating
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 4467-035-046

Community Details

Overview

  • 56 Units
  • Low-Rise Condominium

Amenities

  • Laundry Facilities
  • Elevator

Recreation

  • Community Pool
  • Community Spa

Pet Policy

  • Call for details about the types of pets allowed

Property Details

Home Type

Condominium

Est. Annual Taxes

$8,551

Year Built

Built in 1975

Lot Details

0

HOA Fees

$1,000 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Traditional
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: MALIBU GARDENS
  • Entry Floor: 2
  • Living Area: 1077
  • Planned Urban Dev: 0
  • Stories: 1
  • Unit Floor In Building: 2
  • Year Built: 1975
  • Number Of Photos: 10
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Decorative, Living Room
  • Flooring: Vinyl
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Community, Room
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Cable, Dishwasher, Garbage Disposal, Hood Fan, Range/Oven
  • Price Per S Q F T: 645.31

Exterior Features

  • Balcony: YES
  • Exposure: SOUTH
  • Pool Description: Heated, Community
  • Pool: Yes
  • Roof: Composition, Tile
  • View: City Lights, Ocean
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Carport, Side By Side
  • Total Parking: 2

Utilities

  • Heating: Central

Association/Amenities

  • Amenities: Elevator, Pool, Spa
  • Pet Rules: Call

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 1000.00
  • HOA: No
  • Unit Location: SOUTH

Lot Info

  • Special Zoning: Coastal Commission
  • Assessor Parcel Number: 4467-035-046

Rental Info

  • Lease Option: 1

Multi Family

  • Number Of Units: 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 2, 2023
Sold by
Gardens Of Malibu Llc
Bought by
Pastor Family Revocable Trust and Paster
Current Estimated Value
$764,810

Purchase Details

Listed on
Nov 20, 2021
Closed on
Dec 6, 2021
Sold by
Savage John and The John Savage Trust
Bought by
Gardens Of Malibu Llc
Seller's Agent
Terry Lucoff
Coldwell Banker Realty
Buyer's Agent
Kim Stout
Pinnacle Estate Properties
List Price
$695,000
Sold Price
$679,362
Premium/Discount to List
-$15,638
-2.25%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
2.73%

Purchase Details

Closed on
Aug 11, 2015
Sold by
Savage John S Youngs
Bought by
Savage John and The John Savage Trust

Purchase Details

Closed on
Jun 13, 2013
Sold by
Youngs John Smeallie
Bought by
Savage John S Youngs

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$150,000
Interest Rate
3.98%
Mortgage Type
New Conventional

Purchase Details

Closed on
Aug 14, 2008
Sold by
Zouein Simon
Bought by
Youngs John Smeallie

Purchase Details

Closed on
Jun 25, 2002
Sold by
Zouein Elizabeth
Bought by
Zouein Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
6.78%

Purchase Details

Closed on
Jun 3, 2002
Sold by
Pasko Cheryl E
Bought by
Zouein Simon

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$206,400
Interest Rate
6.78%
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
Pastor Family Revocable Trust $695,000 Lawyers Title
Gardens Of Malibu Llc $679,500 Equity Title Company
Savage John -- None Available
Savage John S Youngs -- Wfg Title
Savage John S Youngs -- Wfg Title
Youngs John Smeallie $430,000 Equity Title Los Angeles
Zouein Simon -- Equity Title Company
Zouein Simon $258,000 Equity Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Savage John S Youngs $150,000
Previous Owner Zouein Simon $206,400
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/06/2022 01/06/22 Sold $679,362 -2.3% $631 / Sq Ft
12/01/2021 12/01/21 Pending -- -- --
11/22/2021 11/22/21 For Sale $695,000 +2.3% $645 / Sq Ft
11/22/2021 11/22/21 Off Market $679,362 -- --
11/20/2021 11/20/21 For Sale $695,000 -- $645 / 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 $8,551 $708,390 $204,000 $504,390
2024 $8,551 $694,500 $200,000 $494,500
2023 $3,009 $210,520 $210,411 $109
2022 $2,959 $206,393 $206,286 $107
2021 $2,874 $202,347 $202,242 $105
2019 $2,809 $196,347 $196,245 $102
2018 $6,097 $486,655 $192,398 $294,257
2016 $5,861 $467,760 $184,928 $282,832
2015 $5,780 $460,735 $182,151 $278,584
2014 $5,709 $451,710 $178,583 $273,127
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-106883

The MLS

APN: 4467-035-046