Seller's Agent in 2016
Jordan Ott
Pinnacle Estate Properties
(818) 620-4789
200 Total Sales
7145 Grasswood Ave Malibu, CA 90265
Estimated Value: $5,954,000 - $12,795,254
4
Beds
6
Baths
5,618
Sq Ft
$1,628/Sq Ft
Est. Value
Highlights
- Beach Front
- Ocean View
- Wine Cellar
- Malibu Elementary School Rated A
- Property has ocean access
- Projection Room
About This Home
As of December 2016Step inside this architectural masterpiece created by Griffin Enright Architects. This Malibu gem offers the best 180-degree views within Point Dume. This home has complete privacy and is lead by a long driveway and private gate allowing the home to be extremely quiet and quant. From the moment you enter the front door you are welcomed by absolutely stunning ocean views and a breeze that flows throughout the custom 24-foot glass sliding doors. This home was built for entertaining with indoor/outdoor living off the family room and dinning room. Every inch of this home has custom features that will not disappoint. The kitchen has a large cement island with Brazilian rosewood cabinetry. Downstairs features a double fireplace leading into the office with panoramic ocean views. The home also features a full guest quarters with kitchenette as well as a soundproof movie theatre. As you walk up the floating staircase and follow the astonishing architectural curve of the steel beams you will be invited by an emotional master bedroom with custom glass doors. The bathroom features limestone walls, French tub, polished concrete floors, oversized dual head shower, and custom hidden 1 touch cabinetry. Additionally the home features 2 more upstairs suites with attached full baths and ocean views. The outdoor space includes a beautiful lap pool, spa, 2 fire pits, 1500 bottle temperature controlled wine cellar, and drought tolerant landscaping. This home is incomparable.
Last Agent to Sell the Property
Pinnacle Estate Properties License #01937869 Listed on: 10/13/2016
Home Details
Home Type
- Single Family
Year Built
- Built in 2006
Lot Details
- 1.36 Acre Lot
- Beach Front
- Rural Setting
- Landscaped
- Back Yard
- Property is zoned LCRA1*
Parking
- 3 Car Attached Garage
- Parking Available
- Single Garage Door
- Automatic Gate
Property Views
- Ocean
- Panoramic
- City Lights
- Mountain
Home Design
- Turnkey
- Slab Foundation
Interior Spaces
- 5,618 Sq Ft Home
- 2-Story Property
- Built-In Features
- Cathedral Ceiling
- Sliding Doors
- Formal Entry
- Wine Cellar
- Family Room with Fireplace
- Projection Room
- Home Theater
- Bonus Room
- Sauna
- Laundry Room
Kitchen
- Double Oven
- Built-In Range
- Dishwasher
Bedrooms and Bathrooms
- 4 Bedrooms | 1 Main Level Bedroom
- Fireplace in Primary Bedroom
- Primary Bedroom Suite
- Walk-In Closet
- Maid or Guest Quarters
- 6 Full Bathrooms
Home Security
- Home Security System
- Storm Windows
Outdoor Features
- Lap Pool
- Property has ocean access
- Balcony
- Fire Pit
- Rain Gutters
Location
- Across the Road from Lake or Ocean
Utilities
- Central Heating and Cooling System
- Tankless Water Heater
Listing and Financial Details
- Tax Lot 40
- Tax Tract Number 8004
- Assessor Parcel Number 4466014005
Community Details
Overview
- No Home Owners Association
- Mountainous Community
Amenities
- Laundry Facilities
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 13, 2016
Closed on
Dec 19, 2016
Sold by
Rock Ricci Deidre Von
Bought by
Tj Cliffside Llc
Seller's Agent
Jordan Ott
Pinnacle Estate Properties
List Price
$9,995,000
Sold Price
$8,500,000
Premium/Discount to List
-$1,495,000
-14.96%
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
$648,085
Avg. Annual Appreciation
0.82%
Purchase Details
Closed on
Dec 27, 2007
Sold by
Thaxton Michael
Bought by
7145 Grasswood Avenue Property Llc
Purchase Details
Closed on
Mar 31, 2004
Sold by
Giangiorgi Mark and Giangiorgi Jean
Bought by
Thaxton Michael
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,750,000
Interest Rate
3%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Feb 21, 1996
Sold by
Giangiorgi Mark and Giangiorgi Jean Sarmiento
Bought by
Giangiorgi Mark and Giangiorgi Jean
Purchase Details
Closed on
Oct 17, 1995
Sold by
Carter Kermit E and The Marian K Carter Trust
Bought by
Giangiorgi Mark
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$650,000
Interest Rate
8%
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
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Tj Cliffside Llc | $8,500,000 | None Available | |
| 7145 Grasswood Avenue Property Llc | -- | Accommodation | |
| Thaxton Michael | $2,700,000 | First Southwestern Title Co | |
| Giangiorgi Mark | -- | -- | |
| Giangiorgi Mark | $860,000 | First American Title Co |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Thaxton Michael | $1,750,000 | |
| Previous Owner | Giangiorgi Mark | $650,000 | |
| Closed | Thaxton Michael | $500,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 12/25/2016 12/25/16 | Sold | $8,500,000 | -15.0% | $1,513 / Sq Ft |
| 12/25/2016 12/25/16 | Pending | -- | -- | -- |
| 10/13/2016 10/13/16 | For Sale | $9,995,000 | -- | $1,779 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $112,072 | $9,864,976 | $7,543,806 | $2,321,170 |
| 2024 | $112,072 | $9,671,546 | $7,395,889 | $2,275,657 |
| 2023 | $110,024 | $9,481,909 | $7,250,872 | $2,231,037 |
| 2022 | $108,728 | $9,295,991 | $7,108,699 | $2,187,292 |
| 2021 | $106,199 | $9,113,717 | $6,969,313 | $2,144,404 |
| 2019 | $104,149 | $8,843,400 | $6,762,600 | $2,080,800 |
| 2018 | $98,769 | $8,670,000 | $6,630,000 | $2,040,000 |
| 2016 | $96,990 | $8,488,323 | $7,002,868 | $1,485,455 |
| 2015 | $95,690 | $8,360,822 | $6,897,679 | $1,463,143 |
| 2014 | $94,228 | $8,197,046 | $6,762,563 | $1,434,483 |
Source: Public Records
Agents Affiliated with this Home
-
Jordan Ott
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR16724855
APN: 4466-014-005
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