NOT LISTED FOR SALE

Estimated Value: $769,000 - $921,000

2 Beds
2 Baths
1,077 Sq Ft
$700/mo HOA Fee

Last Sold September 03, 2021

Last sale price $725,000 $673 Per Sq Ft

Est. 15% increase in value since last sale

Current estimated payment $6,005/month

45 Days on Market

Highlights

  • Ocean View
  • Under Construction
  • 2.92 Acre Lot
  • Malibu Elementary School Rated A
  • Heated In Ground Pool
  • Open Floorplan

About This Home

As of September 2021

NEW PRICE & new construction (completed July 2021) in sought-after Malibu location. This unit has gorgeous Modern Farmhouse light & bright finishes & flooring, crown molding, and offers 2 bedrooms & 2 baths. Spacious & bright w/ in-unit stackable washer/dryer hookups, sparkling new appliances & built-ins. The MASSIVE, oversized, outdoor balcony & partial ocean views is like having an add'l outdoor living/dining room. Enjoy outdoor living, entertaining, morning coffees, relaxing lunches &/or sunset dinners here or head over to the on-site pool, spa and/or sport court on the property! Parking nearby for 2-cars, side-by-side is included. Many beaches: Point Dume, Zuma Beach, Paradise Cove, Broad Beach & various scenic trails w/ waterfalls are nearby! Home-cooked Italian restaurant, Gravina, is just across the street! New 3-story gym is right next door! The Malibu Gardens property amenities offers over-sized pool, hot tub, basketball/sport court. Water, trash, included in HOA. Great investment potential, too.

Last Agent to Sell the Property

Mary Faherty

Beverly and Company, Inc. License #01086475 Listed on: 06/13/2021

Beverly and Company, Inc.

Last Buyer's Agent

Mary Faherty

Beverly and Company, Inc. License #01086475 Listed on: 06/13/2021

Beverly and Company, Inc.

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $9,365

Year Built

  • Built in 2021 | Under Construction

Lot Details

  • 2.92

HOA Fees

  • $700 Monthly HOA Fees

Property Views

  • Ocean
  • Peek-A-Boo

Home Design

  • Contemporary Architecture
  • Turnkey

Interior Spaces

  • 1,077 Sq Ft Home
  • 1-Story Property
  • Open Floorplan
  • Built-In Features
  • Crown Molding
  • Ceiling Fan
  • Recessed Lighting
  • Sliding Doors
  • Living Room with Attached Deck
  • Dining Area

Kitchen

  • Open to Family Room
  • Oven
  • Range Hood
  • Microwave
  • Dishwasher
  • Stone Countertops
  • Disposal

Bedrooms and Bathrooms

  • 2 Bedrooms
  • Mirrored Closets Doors
  • 2 Full Bathrooms
  • Bathtub with Shower

Laundry

  • Laundry Room
  • Stacked Washer and Dryer Hookup

Home Security

Parking

  • 2 Parking Spaces
  • 2 Detached Carport Spaces
  • Private Parking
  • Side by Side Parking
  • Guest Parking
  • On-Street Parking
  • Assigned Parking

Pool

  • Heated In Ground Pool
  • Heated Spa
  • In Ground Spa
  • Fence Around Pool

Outdoor Features

  • Basketball Court
  • Living Room Balcony
  • Open Patio
  • Lanai

Utilities

  • Forced Air Heating System
  • Vented Exhaust Fan
  • Water Heater
  • Septic Tank

Additional Features

  • Sprinkler System
  • Ground Level Unit

Listing and Financial Details

  • Assessor Parcel Number 4467-035-023

Community Details

Overview

  • 56 Units

Amenities

  • Clubhouse

Recreation

  • Sport Court
  • Community Pool
  • Community Spa
  • Tennis Courts

Pet Policy

  • Pets Allowed

Security

  • Carbon Monoxide Detectors
  • Fire Sprinkler System

Property Details

Home Type

Condominium

Est. Annual Taxes

$9,365

Year Built

Built in 2021 | Under Construction

Lot Details

0

HOA Fees

$700 per month

Listing Details

  • Property Type: Residential
  • Property Sub Type: Condominium
  • Style: Contemporary
  • Levels: Ground Level
  • Street Number Display: Yes
  • Complex Name: Malibu Gardens
  • Entry Floor: 1
  • Living Area: 1077
  • Lot Acreage: 2.9198
  • Planned Urban Dev: 0
  • Property Condition: New Construction, Under Construction
  • Stories: 1
  • Unit Floor In Building: 1
  • Year Built: 2021
  • Number Of Photos: 43
  • State Abbrv: CA
  • Special Features: NewHome

Interior Features

  • Interior Amenities: Recessed Lighting, Open Floor Plan, Turnkey, Crown Moldings, Living Room Balcony, Living Room Deck Attached, Mirrored Closet Door(s)
  • Appliances: Built-In And Free Standing, Microwave, Oven, Range Hood
  • Bedrooms: 2
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower Stall, Shower and Tub
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Stone Counters, Open to Family Room
  • Laundry: In Unit, Inside, Laundry Closet Stacked
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Hood Fan, Stackable W/D Hookup, Network Wire, Range/Oven, Ceiling Fan, Vented Exhaust Fan, Microwave
  • Price Per S Q F T: 677.81

Exterior Features

  • Balcony: Yes
  • Other Features: Balcony, Sliding Glass Doors, Sprinkler System
  • Tennis Court: Sport Court, Basketball
  • Tennis Court Y/N: Yes
  • Patio: Balcony, Deck(s), Living Room Balcony, Living Room Deck Attached, Patio Open, Lanai
  • Pool Description: Association Pool, Fenced, Heated And Filtered, In Ground, Community
  • Pool: Yes
  • Spa: Community, Fenced, Heated, Hot Tub, In Ground
  • Spa Yn: Yes
  • View: Ocean, Tree Top, Peek-A-Boo
  • View: Yes

Garage/Parking

  • Carport Spaces: 2
  • Covered Parking: 2
  • Parking Garage: Assigned, Above Street Level, Carport Detached, Covered Parking, Side By Side, Private, Parking for Guests
  • Total Parking: 2

Utilities

  • Water Heater: Water Heater Unit
  • Cooling: Ceiling Fan
  • Heating: Central, Forced Air
  • Security: Carbon Monoxide Detector(s), Fire and Smoke Detection System
  • Sewer: Septic Tank

Association/Amenities

  • Amenities: Assoc Maintains Landscape, Clubhouse, Guest Parking, Spa, Pool, Sport Court
  • Pet Rules: Yes

Condo/Co-op/Association

  • HOA Fee Frequency: Monthly
  • HOA Fees: 700.00
  • HOA: Yes

Lot Info

  • Special Zoning: Coastal Commission
  • Horses: No
  • Assessor Parcel Number: 4467-035-023
  • Lot Size Area: 127188

Multi Family

  • Number Of Units: 56

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 13, 2021
Closed on
Aug 3, 2021
Sold by
Connors Connie L
Bought by
Blake Cody
Seller's Agent
Mary Faherty
Beverly and Company, Inc.
Buyer's Agent
Mary Faherty
Beverly and Company, Inc.
List Price
$775,000
Sold Price
$725,000
Premium/Discount to List
-$50,000
-6.45%
Current Estimated Value
$830,328

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$105,328
Avg. Annual Appreciation
3.48%
Original Mortgage
$507,499
Outstanding Balance
$462,116
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$368,212

Purchase Details

Closed on
Aug 22, 2000
Sold by
Cataldo Louis J Tr
Bought by
Connors Connie L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$187,200
Interest Rate
9.87%

Purchase Details

Closed on
Mar 25, 1998
Sold by
Cataldo Trusts Cataldo, Louis J Tr L J And P
Bought by
Cataldo Louis J and Ramirez Caroline Cataldo

Purchase Details

Closed on
Dec 30, 1997
Sold by
Trusts Cataldo, Louis J Tr L J And P A Cat
Bought by
Cataldo Louis J and Ramirez Caroline Cataldo
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
Blake Cody $725,000 California Title Company
Connors Connie L $208,000 Progressive Title Company
Ramirez Caroline Cataldo -- Progressive Title Company
Cataldo Louis J -- Progressive Title Company
Cataldo Louis J -- --
Cataldo Louis J -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Blake Cody $507,499
Previous Owner Connors Connie L $10,000
Previous Owner Connors Connie L $335,000
Previous Owner Connors Connie L $25,000
Previous Owner Connors Connie L $287,500
Previous Owner Connors Connie L $30,000
Previous Owner Connors Connie L $187,200
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/03/2021 09/03/21 Sold $725,000 -0.7% $673 / Sq Ft
07/28/2021 07/28/21 Pending -- -- --
07/27/2021 07/27/21 Price Changed $729,999 -2.5% $678 / Sq Ft
06/24/2021 06/24/21 Price Changed $749,000 -3.4% $695 / Sq Ft
06/13/2021 06/13/21 For Sale $775,000 -- $720 / 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 $9,365 $769,375 $230,812 $538,563
2024 $9,365 $754,290 $226,287 $528,003
2023 $9,196 $739,500 $221,850 $517,650
2022 $9,075 $725,000 $217,500 $507,500
2021 $2,395 $150,441 $150,336 $105
2020 $2,378 $148,899 $148,795 $104
2019 $3,909 $280,950 $145,878 $135,072
2018 $3,715 $275,442 $143,018 $132,424
2016 $3,562 $264,748 $137,465 $127,283
2015 $3,512 $260,773 $135,401 $125,372
2014 $3,477 $255,666 $132,749 $122,917
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-748500

The MLS

APN: 4467-035-023