A
Seller's Agent in 2024
Alessandro Corona
Compass
(805) 630-2293
1 in this area
34 Total Sales
7120 Grasswood Ave Malibu, CA 90265
Point Dume NeighborhoodEstimated Value: $6,648,542 - $7,649,000
5
Beds
5
Baths
4,697
Sq Ft
$1,494/Sq Ft
Est. Value
Highlights
- Ocean View
- Lap Pool
- Engineered Wood Flooring
- Malibu Elementary School Rated A
- Automatic Gate
- Main Floor Bedroom
About This Home
As of July 2024Immerse yourself in the epitome of Malibu living at this secluded estate, a masterpiece of architectural prowess designed by the esteemed Sam Tolkin in 1974, showcasing the timeless allure of 'Malibu-Modern' aesthetics. Tucked away on over 1 acre of meticulously manicured grounds, including sprawling lawns, vibrant gardens, and an abundant orchard, this residence offers a sanctuary of tranquility and exclusivity.
Boasting panoramic mountain vistas that captivate the senses, the property instills a profound sense of serenity, enhanced by its secluded location and harmonious integration with the natural surroundings. Beyond its verdant confines lies a haven of sophisticated luxury, where an expansive lap pool beckons for moments of relaxation and rejuvenation amidst the picturesque landscape.
Step inside to discover a seamless fusion of indoor-outdoor living, with refined wood and bamboo floors lending warmth and elegance to the open floor plan. Large windows and sliding glass doors blur the boundaries between interior and exterior spaces, inviting the gentle ocean breeze and natural light to permeate every corner of the home.
The ambiance is one of refined tranquility and understated opulence, offering a retreat from the hustle and bustle of everyday life. Whether hosting gatherings in the spacious public areas or finding solace in the privacy of the sumptuous master suite, every moment spent within this architectural gem is imbued with a sense of unparalleled luxury and relaxation.
Truly a testament to the enduring allure of Malibu's coastal lifestyle, this exceptional property presents a rare opportunity to experience the pinnacle of refined living in a setting of unrivaled beauty and seclusion.
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $48,966
Year Built
- Built in 1974
Lot Details
- 1.04 Acre Lot
- Property is zoned LCRA1*
Parking
- 4 Car Garage
- Three Garage Doors
- Automatic Gate
Property Views
- Ocean
- Mountain
Home Design
- Flat Roof Shape
- Wood Siding
Interior Spaces
- 4,697 Sq Ft Home
- 2-Story Property
- Living Room with Fireplace
- Dining Area
- Engineered Wood Flooring
- Quartz Countertops
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- Main Floor Bedroom
- 5 Full Bathrooms
Pool
- Lap Pool
- In Ground Pool
- Heated Spa
- In Ground Spa
- Outdoor Pool
Utilities
- Air Conditioning
- Septic Tank
Community Details
- No Home Owners Association
- The community has rules related to covenants, conditions, and restrictions
Listing and Financial Details
- Assessor Parcel Number 4466013004
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
May 3, 2024
Closed on
Jul 8, 2024
Sold by
Ef Ruscha Trust and Edward Ruscha V
Bought by
Martin Family Trust and Martin
Seller's Agent
Alessandro Corona
Compass
List Price
$7,199,000
Sold Price
$6,800,000
Premium/Discount to List
-$399,000
-5.54%
Views
82
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$217,886
Avg. Annual Appreciation
2.86%
Original Mortgage
$5,440,000
Outstanding Balance
$5,368,450
Interest Rate
5.63%
Mortgage Type
New Conventional
Estimated Equity
$1,649,436
Purchase Details
Closed on
Jan 24, 2019
Sold by
Edward Joseph Ruscha V and Ruscha Francesca
Bought by
Edward Joseph Ruscha V and Ruscha Francesca
Purchase Details
Closed on
Nov 23, 2018
Sold by
Ruscha Danica
Bought by
Ruscha V Edward Joseph and Ruscha Francesca
Purchase Details
Closed on
Jul 7, 2004
Sold by
Treadwell Zachary F and Domberger Langka
Bought by
Ruscha Edward and Ruscha Danica
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,000,000
Interest Rate
6.31%
Mortgage Type
New Conventional
Purchase Details
Closed on
Nov 23, 1999
Sold by
Ontkean Michael and Jackson Jamie S
Bought by
Treadwell Zachary F and Domberger Langka
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Martin Family Trust | $6,800,000 | Equity Title Company | |
| Edward Joseph Ruscha V | -- | None Available | |
| Ruscha V Edward Joseph | -- | None Available | |
| Ruscha V Edward Joseph | -- | None Available | |
| Ruscha Edward | -- | None Available | |
| Ruscha Edward | -- | None Available | |
| Ruscha Edward | $3,050,000 | Fidelity National Title Co | |
| Treadwell Zachary F | $1,750,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Martin Family Trust | $5,440,000 | |
| Previous Owner | Ruscha Edward | $1,000,000 | |
| Previous Owner | Ontkean Michael L | $150,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/15/2024 07/15/24 | Sold | $6,800,000 | -5.5% | $1,448 / Sq Ft |
| 07/09/2024 07/09/24 | Pending | -- | -- | -- |
| 05/03/2024 05/03/24 | For Sale | $7,199,000 | -- | $1,533 / Sq Ft |
Source: Conejo Simi Moorpark Association of REALTORS®
Tax History Compared to Growth
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 | $48,966 | $6,800,000 | $5,608,400 | $1,191,600 |
| 2024 | $48,966 | $4,167,684 | $1,899,213 | $2,268,471 |
| 2023 | $48,046 | $4,085,966 | $1,861,974 | $2,223,992 |
| 2022 | $47,443 | $4,005,850 | $1,825,465 | $2,180,385 |
| 2021 | $46,319 | $3,927,305 | $1,789,672 | $2,137,633 |
| 2020 | $46,057 | $3,887,037 | $1,771,322 | $2,115,715 |
| 2019 | $45,425 | $3,811,180 | $1,736,899 | $2,074,281 |
| 2018 | $43,045 | $3,736,452 | $1,702,843 | $2,033,609 |
| 2016 | $41,472 | $3,591,363 | $1,636,720 | $1,954,643 |
| 2015 | $40,917 | $3,537,418 | $1,612,135 | $1,925,283 |
| 2014 | $40,314 | $3,468,126 | $1,580,556 | $1,887,570 |
Source: Public Records
Agents Affiliated with this Home
-
Alessandro Corona
Map
Source: Conejo Simi Moorpark Association of REALTORS®
MLS Number: 224001692
APN: 4466-013-004
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