NOT LISTED FOR SALE

Estimated Value: $1,296,847 - $2,379,000

1.44 Acres
$1,334,807 Price per Acre
62,901 Sq Ft Lot

Last Sold December 20, 2022

Last sale price $560,000 $255 Per Sq Ft

Est. 244% increase in value since last sale

Current estimated payment $10,672/month

253 Days on Market

Highlights

  • Panoramic View
  • 1.44 Acre Lot
  • Secluded Lot
  • Sumac Elementary School Rated A

About This Lot

As of December 2022

Build a true retreat from the city on this secluded property nestled in the serene Santa Monica Mountains. Currently accessed via a long private driveway, this burnout property from the 2018 Woolsey Fire sits hidden above the road and includes six contiguous lots with lush grounds and native landscaping totaling over 1.4 acres (62,900 square feet) of land. Existing architectural plans by Peter Grueneisen, FAIA (nonzero\architecture), include three bedrooms and three bathrooms in a custom 2,412 square foot two-story residence. The open plan design with extensive decking and patios allows for effortless indoor/outdoor living and capitalizes on the panoramic views and ocean breezes throughout the property. Just off of Kanan Dume Road, minutes from Pacific Coast Highway and Ventura Freeway.

Last Agent to Sell the Property

Nina Chea

Keller Williams Larchmont License #01863392 Listed on: 02/28/2022

Keller Williams Larchmont

Last Buyer's Agent

Justin Cumbee

Compass License #02037837

Compass

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,280

Lot Details

  • 1.44 Acre Lot
  • Secluded Lot
  • Hillside Location
  • Property is zoned LCA11*

Property Views

  • Panoramic
  • Canyon
  • Mountain
  • Hills

Utilities

  • Overhead Utilities
  • Property is located within a water district
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4464-013-037

Property Details

Property Type

Land

Est. Annual Taxes

$2,280

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 1.4440
  • Probate: No
  • Number Of Photos: 37
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • Street Description: Asphalt, Public
  • View: Canyon, Hills, Mountains, Panoramic
  • View: Yes

Utilities

  • Water District: La Virgenes Municipal
  • Cable: No
  • Gas: Propane
  • Sewer: Septic Tank
  • Telephone: No
  • Water: Meter on Property, Water District

Schools

  • School District: Las Virgenes School District

Lot Info

  • Special Zoning: Property Report
  • Assessor Parcel Number: 4464-013-037
  • Lot Description: 5 + Lots, Street Paved, Secluded, Utilities - Overhead
  • Lot Location: Hillside
  • Lot Size Area: 62900
  • Site Decription: Hillside
  • Topography: Varied
  • Water Well: No

MLS Schools

  • School District: Las Virgenes School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 4, 2025
Sold by
Shim Stella J
Bought by
Shim Stella and Park Jinn
Current Estimated Value
$1,927,462

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,670,000
Outstanding Balance
$1,664,433
Interest Rate
6.96%
Mortgage Type
Construction
Estimated Equity
$174,899

Purchase Details

Listed on
Feb 28, 2022
Closed on
Dec 14, 2022
Sold by
Meneghin Candice and Meneghin Dino L
Bought by
Shim Stella J
Seller's Agent
Nina Chea
Keller Williams Larchmont
Buyer's Agent
Justin Cumbee
Compass
List Price
$849,000
Sold Price
$560,000
Premium/Discount to List
-$289,000
-34.04%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
55.60%
Original Mortgage
$400,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Feb 28, 2022
Closed on
Nov 15, 2022
Sold by
Park Jian Ho
Bought by
Shim Stella J
Seller's Agent
Nina Chea
Keller Williams Larchmont
Buyer's Agent
Justin Cumbee
Compass
List Price
$849,000
Sold Price
$560,000
Premium/Discount to List
-$289,000
-34.04%
Views
101

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Interest Rate
7.38%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jul 2, 2015
Closed on
Sep 9, 2015
Sold by
Pearson James L and Pearson Beth
Bought by
Meneghin Candice and Meneghin Dino L
Seller's Agent
Jamie Pearson
Berkshire Hathaway HomeServices California Properties
List Price
$1,099,000
Sold Price
$1,113,000
Premium/Discount to List
$14,000
1.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-9.03%
Original Mortgage
$890,400
Interest Rate
3.86%
Mortgage Type
New Conventional
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
Shim Stella -- Ticor Title Company Of Califor
Shim Stella J $560,000 Lawyers Title
Shim Stella J -- Lawyers Title
Meneghin Candice $1,113,000 California Title Company
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Shim Stella $1,670,000
Previous Owner Shim Stella J $400,000
Previous Owner Meneghin Candice $890,400
Previous Owner Pearson James L $432,000
Previous Owner Pearson James L $480,000
Previous Owner Pearson James L $386,000
Previous Owner Pearson James L $17,500
Previous Owner Pearson James L $385,000
Previous Owner Pearson James L $17,500
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/20/2022 12/20/22 Sold $560,000 -13.7% $255 / Sq Ft
11/08/2022 11/08/22 Pending -- -- --
11/01/2022 11/01/22 Price Changed $649,000 -16.1% $296 / Sq Ft
07/03/2022 07/03/22 Price Changed $774,000 -3.1% $353 / Sq Ft
05/22/2022 05/22/22 Price Changed $799,000 -5.9% $364 / Sq Ft
02/28/2022 02/28/22 For Sale $849,000 -23.7% $387 / Sq Ft
09/17/2015 09/17/15 Sold $1,113,000 +1.3% $507 / Sq Ft
07/27/2015 07/27/15 Pending -- -- --
07/02/2015 07/02/15 For Sale $1,099,000 -- $501 / 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 $2,280 $176,868 $176,868 --
2024 $2,280 $173,400 $173,400 --
2023 $2,191 $170,000 $170,000 $0
2022 $7,037 $615,870 $615,763 $107
2021 $6,948 $603,795 $603,690 $105
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 22-131477

The MLS

APN: 4464-013-037