NOT LISTED FOR SALE

6965 Fernhill Dr Malibu, CA 90265

Point Dume Neighborhood

Estimated Value: $5,504,000 - $8,058,620

3 Beds
2 Baths
1,500 Sq Ft
$4,619/Sq Ft Est. Value

Last Sold August 02, 2021

Last sale price $5,000,000 $3,333 Per Sq Ft

Est. 25% increase in value since last sale

Current estimated payment $40,100/month

49 Days on Market

Highlights

  • Mountain View
  • Living Room with Fireplace
  • Bonus Room
  • Malibu Elementary School Rated A
  • Wood Flooring
  • No HOA

About This Home

As of August 2021

NEWLY REMODLED AND LANDSCAPED PARK LIKE PROPERTY WITH BEACH KEY!! One of the biggest lots on Point Dume. Approximately 1.4 acres. Classic 2 bedroom with 3rd bedroom or office. Hardwood floors throughout. Bathrooms, kitchen and laundry room have all just been upgraded and remodeled. 2 large sheds and a detached 2 car garage. This could be perfect for a small family or a great weekend surfers bungalow. Best use would be to develop property. Home just 2 doors down sold last year for $14,000,000.00 with same lot size. Owner just added $275,000 to privatize and enhance these park LIKE grounds. Key to private gate access to world famous Little Dume Beach! Walk to school, shops and beach. BEST PRICED HOME ON POINT W BEACH KEY! Buyer and buyers agent to verify square footage and lot size.

Last Agent to Sell the Property

Michael Cunningham

Pinnacle Estate Properties License #01291455 Listed on: 05/04/2021

Pinnacle Estate Properties

Last Buyer's Agent

Chris Cortazzo

Compass License #01190363

Compass

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $70,453

Year Built

  • Built in 1953

Lot Details

  • 1.31 Acre Lot
  • Property is zoned LCRA1*

Interior Spaces

  • 1,500 Sq Ft Home
  • 1-Story Property
  • Living Room with Fireplace
  • Bonus Room
  • Wood Flooring
  • Mountain Views

Kitchen

  • Oven or Range
  • Dishwasher

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • Shed

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4466-012-011

Home Details

Home Type

Single Family

Est. Annual Taxes

$70,453

Year Built

Built in 1953

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Ranch
  • Street Number Display: Yes
  • Living Area: 1500
  • Stories: 1
  • Year Built: 1953
  • Number Of Photos: 46
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room
  • Flooring: Hardwood
  • Bedrooms: 3
  • Full Bathroom: 2
  • Half Bathroom: 0
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 3500.00

Exterior Features

  • Other Structures: Shed(s)
  • Pool: No
  • Spa Yn: No
  • View: Mountains
  • View: Yes

Garage/Parking

  • Parking Garage: Garage - 2 Car

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4466-012-011
  • Lot Size Area: 57217

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
May 4, 2021
Closed on
Jul 9, 2021
Sold by
Escobar Miles Ana M
Bought by
Miles James B
Seller's Agent
Michael Cunningham
Pinnacle Estate Properties
Buyer's Agent
Chris Cortazzo
Compass
List Price
$5,250,000
Sold Price
$5,000,000
Premium/Discount to List
-$250,000
-4.76%
Current Estimated Value
$6,251,720

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$1,251,720
Avg. Annual Appreciation
8.45%

Purchase Details

Listed on
May 4, 2021
Closed on
Jun 30, 2021
Sold by
Miles James B
Bought by
Fernhill Surf Ranch Llc
Seller's Agent
Michael Cunningham
Pinnacle Estate Properties
Buyer's Agent
Chris Cortazzo
Compass
List Price
$5,250,000
Sold Price
$5,000,000
Premium/Discount to List
-$250,000
-4.76%

Purchase Details

Closed on
May 13, 2019
Sold by
Starr Rosemary A and Jackson Rosemary A
Bought by
Miles James B
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
Miles James B -- Priority Title Camarillo
Fernhill Surf Ranch Llc $5,000,000 Priority Title Company
Miles James B $3,417,000 Priority Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Lerolubu Llc $4,165,000
Closed Lerolubu Llc $4,165,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/02/2021 08/02/21 Sold $5,000,000 -4.8% $3,333 / Sq Ft
06/22/2021 06/22/21 Pending -- -- --
05/04/2021 05/04/21 For Sale $5,250,000 -- $3,500 / 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 $70,453 $6,190,380 $4,952,304 $1,238,076
2024 $70,453 $6,069,000 $4,855,200 $1,213,800
2023 $59,410 $5,100,000 $3,825,000 $1,275,000
2022 $58,681 $5,000,000 $3,750,000 $1,250,000
2021 $41,432 $3,521,447 $2,817,570 $703,877
2020 $41,199 $3,485,340 $2,788,680 $696,660
2019 $2,537 $149,842 $98,438 $51,404
2018 $1,896 $146,905 $96,508 $50,397
2016 $1,815 $141,202 $92,761 $48,441
2015 $1,793 $139,082 $91,368 $47,714
2014 $1,807 $136,359 $89,579 $46,780
Source: Public Records

Agents Affiliated with this Home

  • Michael Cunningham

    Seller's Agent in 2021

    Michael Cunningham

    Pinnacle Estate Properties

    (310) 985-9340

    14 in this area

    26 Total Sales

    Section Image
  • Chris Cortazzo

    Buyer's Agent in 2021

    Chris Cortazzo

    Compass

    (310) 457-3995

    33 in this area

    226 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 21-727300

The MLS

APN: 4466-012-011

California Los Angeles County Malibu 90265 Point Dume

6965 Fernhill Dr, Malibu, CA

This home is located at 6965 Fernhill Dr, Malibu, CA 90265 since 04 May 2021 and is currently estimated at $6,928,405, approximately $4,618 per square foot. This property was built in 1953. 6965 Fernhill Dr is a home located in Los Angeles County with nearby schools including Malibu Elementary School, Malibu Middle School, and Malibu High School.

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