D
Seller's Agent in 2024
Dianne Garnett
Coldwell Banker Realty
(805) 377-4692
1 in this area
48 Total Sales
31258 Bailard Rd Unit 1 Malibu, CA 90265
Malibu West NeighborhoodEstimated Value: $1,347,000 - $2,210,336
3
Beds
3
Baths
3,146
Sq Ft
0.29
Acres
Highlights
- Ocean View
- Art Studio
- Ocean Side of Highway 1
- Malibu Elementary School Rated A
- Across the Road from Lake or Ocean
- Dual Staircase
About This Home
As of May 2024Looking for a truly million dollar view of the ocean near Broad Beach, with huge square footage, this bank owned 3146 sq ft unit has both. However you will need to bring your checkbook to bring this property back to life. It has major deferred maintenance and you will need to replace everything. The unit has 3 bedrooms 2 baths on the main floor and a large office and studio over the garage with a separate entrance. So much potential here and location location. The possibilities to create a home, personal gym, office, guest area or art studio is all here. One can listen to the crashing waves, breath the sea air and watch the beautiful sunsets or dolphins playing. Truly a diamond in the Rough.
The property is subject to the California Civil Code Section 2429p for the first 30 days of marketing
Seller is reviewing offers at this time and looking for highest and best by 12/11/ 2023 by 11:59 PM mountain time
Last Listed By
Coldwell Banker Realty Brokerage Phone: 805-377-4692 License #00938489 Listed on: 12/03/2023
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $24,129
Year Built
- Built in 1973
Lot Details
- Property fronts a county road
- 1 Common Wall
- Flag Lot
- Gentle Sloping Lot
- Density is 2-5 Units/Acre
Parking
- 2 Car Direct Access Garage
- Parking Available
- Workshop in Garage
- Front Facing Garage
- Side by Side Parking
- Combination Of Materials Used In The Driveway
- Shared Driveway
- Off-Street Parking
Property Views
- Ocean
- Bay
- Panoramic
- Bluff
Home Design
- Contemporary Architecture
- Traditional Architecture
- Major Repairs Completed
- Pillar, Post or Pier Foundation
- Combination Foundation
- Block Foundation
- Composition Roof
- Pre-Cast Concrete Construction
- Stucco
Interior Spaces
- 3,146 Sq Ft Home
- 2-Story Property
- Dual Staircase
- Beamed Ceilings
- Wood Burning Fireplace
- Living Room with Fireplace
- Living Room with Attached Deck
- Dining Room
- Home Office
- Art Studio
- Workshop
- Storage
- Laundry Room
- Attic
Kitchen
- Breakfast Bar
- Electric Oven
- Ceramic Countertops
Flooring
- Wood
- Tile
- Vinyl
Bedrooms and Bathrooms
- 3 Main Level Bedrooms
- Primary Bedroom on Main
- 3 Full Bathrooms
- Bathtub with Shower
Outdoor Features
- Ocean Side of Highway 1
- Balcony
- Open Patio
- Exterior Lighting
- Porch
Location
- Across the Road from Lake or Ocean
Utilities
- Forced Air Heating System
- 220 Volts in Workshop
- Conventional Septic
Listing and Financial Details
- Tax Lot 1
- Tax Tract Number 8004
- Assessor Parcel Number 4470002054
Community Details
Overview
- Property has a Home Owners Association
- 2 Units
- Labarera Assoc Association
- Labarera HOA
Amenities
- Outdoor Cooking Area
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Dec 3, 2023
Closed on
Apr 24, 2024
Sold by
Long Beach Mortgage Loan Trust and Deutsche Bank Nat'L Trust Co
Bought by
Norman And Karen Jo Schifman Family Trust and Aron And Elaine Karen Schifman Family Trust
Seller's Agent
Dianne Garnett
Coldwell Banker Realty
Buyer's Agent
Dianne Garnett
Coldwell Banker Realty
List Price
$1,424,800
Sold Price
$1,460,000
Premium/Discount to List
$35,200
2.47%
Total Days on Market
9
Views
74
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
$290,334
Avg. Annual Appreciation
17.81%
Purchase Details
Closed on
Feb 13, 2023
Sold by
Quality Loan Service Corporation
Bought by
Deutsche Bank National Trust Company and Long Beach Mortgage Loan Trust 2006-11
Purchase Details
Closed on
Nov 21, 2006
Sold by
Labarbera Gerald
Bought by
Labarbera Gerald
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
6.39%
Mortgage Type
Unknown
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 |
|---|---|---|---|
| Norman And Karen Jo Schifman Family Trust | $1,510,000 | Servicelink | |
| Deutsche Bank National Trust Company | $1,452,965 | -- | |
| Labarbera Gerald | -- | Accommodation |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | Labarbera Gerald | $1,000,000 | |
| Previous Owner | Labarbera Gerald | $682,500 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/01/2024 05/01/24 | Sold | $1,460,000 | +2.5% | $464 / Sq Ft |
| 12/13/2023 12/13/23 | Pending | -- | -- | -- |
| 12/03/2023 12/03/23 | For Sale | $1,424,800 | -- | $453 / 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 |
|---|---|---|---|---|
| 2024 | $24,129 | $2,019,600 | $326,400 | $1,693,200 |
| 2023 | $5,052 | $355,807 | $58,512 | $297,295 |
| 2022 | $4,928 | $348,831 | $57,365 | $291,466 |
| 2021 | $4,781 | $341,992 | $56,241 | $285,751 |
| 2019 | $4,680 | $331,850 | $54,574 | $277,276 |
| 2018 | $4,417 | $325,344 | $53,504 | $271,840 |
| 2016 | $4,213 | $312,712 | $51,427 | $261,285 |
| 2015 | $4,156 | $308,016 | $50,655 | $257,361 |
| 2014 | $4,113 | $301,983 | $49,663 | $252,320 |
Source: Public Records
Agents Affiliated with this Home
-
Dianne Garnett
-
Don Kelber
D
Seller Co-Listing Agent in 2024
Don Kelber
Coldwell Banker Realty
(805) 338-9682
1 in this area
3 Total Sales
Map
Similar Homes in Malibu, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SR23215640
APN: 4470-002-054
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Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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