NOT LISTED FOR SALE

29685 Cuthbert Rd Malibu, CA 90265

Malibu Park Neighborhood

Estimated Value: $5,849,000 - $19,815,743

2.55 Acres
$4,318,484 Price per Acre
111,039 Sq Ft Lot

Last Sold March 18, 2022

Last sale price $3,025,000 $943 Per Sq Ft

Est. 264% increase in value since last sale

Current estimated payment $67,777/month

146 Days on Market

Highlights

  • Ocean View
  • Horse Property
  • 2.55 Acre Lot
  • Malibu Elementary School Rated A
  • Horse Property Unimproved

About This Lot

As of March 2022

Make your equestrian dream a reality in Malibu. This is your chance to restore one of Malibu's most famous horse properties in Malibu Park located on approximately 2.55 acres to its original glory and more. The current status of the plans: the Seller has approval from Bureau Veritas on 9/15/2021 who handles plan check for building and safety. The plans are being routed to internal departments for final stamps. They have been through Public Works on 10/8/2021 and Environmental Health on 10/13/2021 and are in Geology review now. Plans include an approximately 4,000 square foot 4 bedroom 4.5 bath residence with chefs kitchen, office with wet bar, great room, den/sitting room, laundry room, breakfast nook with built-in seating, media room, roof deck with fireplace and built-in barbecue and outdoor fireplace. Additional features include a 668 square foot two-car garage and 3,118 square foot barn, arena, tack room, training pen, chicken coop, barn with hay loft and twelve horse stalls. Located a stone's throw from the riding and parkland trails on Busch drive, this property offers endless possibilities for all equestrians. Permits for a large barn are hard to obtain. This is a very unique opportunity.

Last Listed By

Susan Monus

Coldwell Banker Realty License #00827409 Listed on: 10/15/2021

Coldwell Banker Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $77,432

Year Built

  • 1978

Lot Details

  • 2.55 Acre Lot
  • Property is zoned LCRA20

Property Views

  • Ocean
  • Mountain

Additional Features

  • Horse Property
  • Horse Property Unimproved
  • Septic Tank

Listing and Financial Details

  • Assessor Parcel Number 4469-008-008

Property Details

Property Type

Land

Est. Annual Taxes

$77,432

Year Built

1978

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Advertising Remarks: Make your horse lovers dream a reality in Malibu. This is your chance to restore one of Malibu's most famous horse properties in Malibu Park located on approximately 2.55 acres to its original glory and more. The plans for the approximately 4,000 square foot home and 3,118 square foot barn will be stamped and permit ready prior to close of escrow. Located a stones throw from the riding and parkland trails on Busch drive, this property offers endless possibilities for all horse lovers.
  • Lot Acreage: 2.5491
  • Probate: No
  • Number Of Photos: 36
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built: 1978

Exterior Features

  • Public Street: Yes
  • View: Ocean, Mountains
  • View: Yes

Utilities

  • Cable: No
  • Electric: In Street
  • Sewer: Septic Tank
  • Telephone Service: In Street
  • Telephone: No

Schools

  • School District: Santa Monica-Malibu Unified School District

Lot Info

  • Special Zoning: Coastal Commission, Property Report
  • Horses: Yes
  • Assessor Parcel Number: 4469-008-008
  • Lot Description: Horse Property Unimproved, Horse Property, Single Lot
  • Lot Size Area: 111040

MLS Schools

  • School District: Santa Monica-Malibu Unified School District

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 22, 2023
Sold by
Pacific Coast Holdings Llc
Bought by
Aspen Hope Ranch Llc
Total Days on Market
146
Current Estimated Value
$11,008,248

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,525,000
Interest Rate
7.09%
Mortgage Type
New Conventional

Purchase Details

Listed on
Oct 15, 2021
Closed on
Mar 11, 2022
Sold by
Cuthbert Ranch Llc
Bought by
Pacific Coast Holdings Llc
Seller's Agent
Susan Monus
Coldwell Banker Realty
Buyer's Agent
Brandon Dicker
California Prime Realty, Inc.
List Price
$3,750,000
Sold Price
$3,025,000
Premium/Discount to List
-$725,000
-19.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
51.90%

Purchase Details

Closed on
Jan 22, 2020
Sold by
Zuma Ridge Llc
Bought by
Cuthbert Ranch Llc

Purchase Details

Listed on
Aug 29, 2016
Closed on
Jan 30, 2017
Sold by
Edelstein Alison Weirick
Bought by
Zuma Ridge Llc
Seller's Agent
Ellen Francisco
Coldwell Banker Realty
Buyer's Agent
Chris Cortazzo
Compass
List Price
$4,250,000
Sold Price
$3,850,000
Premium/Discount to List
-$400,000
-9.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
13.79%

Purchase Details

Closed on
May 4, 2004
Sold by
Weirick Gregory
Bought by
Weirick Gregory S and Gregory S Weirick Trust

Purchase Details

Closed on
Jan 12, 2004
Sold by
Weirick Tracy
Bought by
Weirick Gregory

Purchase Details

Closed on
Apr 9, 2003
Sold by
Buerge John R
Bought by
Weirick Gregory Stephen and Weirick Tracy Jean

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,925,000
Interest Rate
5.87%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jul 16, 1997
Sold by
Buerge John
Bought by
Buerge John R and Buerge Family Trust

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
Aspen Hope Ranch Llc $6,600,000 Equity Title Company
Pacific Coast Holdings Llc $3,025,000 Equity Title
Cuthbert Ranch Llc $3,000,000 Equity Title Company
Zuma Ridge Llc $3,850,000 Equity Title Company
Weirick Gregory S -- --
Weirick Gregory -- --
Weirick Gregory Stephen $2,750,000 First American Title Co
Buerge John R -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Closed Aspen Hope Ranch Llc $6,525,000
Previous Owner Weirick Gregory S $1,000,000
Previous Owner Weirick Gregory Stephen $1,925,000
Closed Weirick Gregory Stephen $375,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/18/2022 03/18/22 Sold $3,025,000 -12.3% $943 / Sq Ft
03/10/2022 03/10/22 Pending -- -- --
02/11/2022 02/11/22 Price Changed $3,450,000 -8.0% $1,076 / Sq Ft
10/15/2021 10/15/21 For Sale $3,750,000 -2.6% $1,169 / Sq Ft
03/06/2017 03/06/17 Sold $3,850,000 -9.4% $1,200 / Sq Ft
01/25/2017 01/25/17 Pending -- -- --
08/29/2016 08/29/16 For Sale $4,250,000 -- $1,325 / 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
2024 $77,432 $6,600,000 $6,600,000 --
2023 $37,251 $3,085,500 $3,085,500 $0
2022 $37,552 $3,091,701 $3,091,701 $0
2021 $36,716 $3,254,130 $3,254,025 $105
2020 $39,027 $3,220,763 $3,220,659 $104
2019 $38,681 $3,157,611 $3,157,509 $102
2018 $45,221 $3,927,000 $3,095,598 $831,402
2016 $39,118 $3,386,094 $2,402,093 $984,001
2015 $38,593 $3,335,233 $2,366,012 $969,221
2014 $38,059 $3,269,902 $2,319,666 $950,236
Source: Public Records

Agents Affiliated with this Home

  • Susan Monus

    Seller's Agent in 2022

    Susan Monus

    Coldwell Banker Realty

    (310) 663-1554

    4 in this area

    31 Total Sales

    Susan Monus
    Section Image

  • B

    Buyer's Agent in 2022

    Brandon Dicker

    California Prime Realty, Inc.

  • Ellen Francisco

    Seller's Agent in 2017

    Ellen Francisco

    Coldwell Banker Realty

    (310) 589-2464

    8 in this area

    33 Total Sales

    Ellen Francisco
    Section Image
  • Chris Cortazzo

    Buyer's Agent in 2017

    Chris Cortazzo

    Compass

    (310) 457-3995

    35 in this area

    228 Total Sales

    Chris Cortazzo
    Section Image
See All Agents

Map

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Source: The MLS

MLS Number: 21-796312

The MLS

APN: 4469-008-008

California Los Angeles County Malibu 90265 Malibu Park

29685 Cuthbert Rd, Malibu, CA

Homes for Sale in Malibu, CA

This home is located at 29685 Cuthbert Rd, Malibu, CA 90265 since 15 October 2021 and is currently estimated at $11,008,248, approximately $3,432 per square foot. This property was built in 1978. 29685 Cuthbert Rd 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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