Who Owns 33218 Pacific Coast Highway Malibu CA 90265?

What is the lot size?

33218 Pacific Coast Hwy Malibu Ca 90265 is situated on 1.43 acres and currently listed for sale on Trulia at $70,400,000. Built in 1944, this single family home boasts 5,254 square feet of living space that has been assessed at $49,214,073 with property tax paid at $568,373. Last sold in September 2022 at this same price Xome Value(r) uses to estimate a home's worth. If you would like more information about this unique opportunity for sale please reach out to us today!

What is the year built?

It is unknown when this property was constructed, but it can be assumed to have been during the Great Depression. The Pacific Coast Highway was an engineering marvel that opened up California's beautiful sights despite frequent coastal weather changes, landslides and engineering obstacles. Construction took place from 1919 through 1921 when federal funds became available - now a historic landmark and popular tourist drive to this day. One of its iconic bridges from that heyday still stands today: one of only few remaining today.

What is the total square footage?

At 33218 Pacific Coast Highway Malibu CA 90265, you'll find an old-school 4 bedroom 5 bathroom home with an impressive 10 car garage. Constructed during the 1940s, its total square footage of 5,254 sq ft makes it a great value at this price point. Plus, there's a spacious kitchen and living room to boot; plus it has been on the market since 2018; its last sale was for $70,400,000 - making it quite rare in Malibu's coastal town.

What is the assessed value?

33218 Pacific Coast Hwy malibu ca 90265 is a single family home situated in the city of Malibu and built in 1944. The current owner purchased it for $10.7 million in 2007 for 5,254 square feet of living space.

Real estate tax levies are a primary source of funding for most local communities. County assessors impose these levies on various properties and they're used by the county, school district and many other special purpose entities like water treatment plants, transportation facilities and amusement parks.

Assessors typically employ an established appraisal methodology and comparable sales to appraise all properties within a classification. Reappraisals should take place every three years at least; however, it's possible for an assessment to be incorrect when the tax assessor compares incorrect properties or combines values from various properties into one.

Sometimes, an incorrect assessment can lead to the property's assessed value being higher than its actual worth. If this occurs to you, it's essential that you take action right away. A real estate tax protest will help prove that the assessment was made based on an inaccurate evaluation of your property and help lower taxes accordingly.

What is the property tax paid?

Property tax is a regular expense you'll have to pay on your home. It is determined by state and local levies and depends on the value of your asset.

Property taxes are typically paid to the county government on a monthly, quarterly, semi-annual or annual basis. They can also be included in your mortgage payment if you have an escrow account with your lender.

Property tax assessments are a complex process and vary by jurisdiction. Your bill could be affected by factors specific to your county's budget, school district budget votes and more - all of which depend on where you live.

Your county assessor typically re-evaluates the value of your property every three years. During this period, they review local real estate sales in your area and adjust for inflation and recent market trends.

Your county will send you a bill approximately one month before your taxes are due, which will include an assessment value based on the market value of properties in your neighborhood.

It is essential to review your assessment carefully so you know the market value of your property. You can do this either online or by visiting your local county government's website.

Your property taxes support vital services in Los Angeles County, such as law enforcement, fire protection, education and parks and recreation. They also fund highway construction/maintenance projects, streetlights for public transportation and other essential amenities.

What is the last sale price?

One of the more intriguing facts about 33218 Pacific Coast Hwy is that it boasts some of Los Angeles County's most expensive property - its last sale price being an eye-watering $55,625,800! So you may be wondering what these current owners have been up to with this stunning 4 bedroom and 5 / 1 bathroom home. Check out their listing below for further information or book a private tour to experience this magnificent hive yourself!