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31275 Bailard Road

31275 Bailard Road, Malibu, CA 90265
Property in Bailard-Lunita
Sold May 03, 2021
$5,150,000
$4,400,000 by M & T Bank
Mortgage
31275 Bailard Road has been categorized by the local assessors in Malibu, CA as a residential type of property. The building on the property was first built in 1997 and is 27 years old. The home has a total of 4 rooms. 5 of these rooms are legally considered as bedrooms. Residents will have access to 4 full bathrooms. There are 4 partial bathrooms in the home. This is a single story building so stairs are not necessary to access other parts of the home. In addition, 31275 Bailard Road has 5,701 sqft of living area. The living area typically only takes into consideration the heated or air conditioned part of the building. The linear feet between the front and back of the lot is 2,150 ft and across the front of the lot is 4,030 ft. The area measurement of the land has been determined as 86,934 square feet. Fans of architecture and design would be interested in knowing that the building on the property was built in a conventional style.

Want to learn more? We've sourced additional information from the local assessor's office that we've shared on this page with you. Along the lines of building condition, did you know that weather changes can cause buildings to move? It may sound alarming, but thats why the type of control joints used in the construction of your home is extremely important. Architects often have to plan these out well in advance to ensure the longevity of the building. Therefore, as part of your consideration, you should note that the home was built with wood control joints. From what we've gathered, the quality of these control joints have been graded with a letter grade of D by the local assessor. The building has a gable style roof made of composition shingle. The inside of the home is being cooled with central air conditioning at the moment. In terms of heating, it is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 31275 Bailard Road was last sold in Apr 23, 2021 for $5,150,000. According to our calculations, that's $903.35 per sqft. Current property owners are expected to pay $62,538 in taxes per year. Interestingly enough, the initial year of tax delinquency occurred in 2021. The property on 31275 Bailard Road was last assessed in 2023. As a result of that assessment, the total value of the property was placed at $5,358,060. To break that down further, the land itself was valued at $3,625,794. While improvements to the property were assessed at a total of $1,732,266. Based on our records, the total assessed value for this property has been marked as more than the total market value as of this moment. Which is pretty atypical. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1997
  • Effective Year Built: 1997
  • Building Count: 1
  • Total Rooms: 4
  • Bedroom Count: 5
  • Bathroom Count: 4
  • Full Bathrooms: 4
  • Partial Bathrooms: 4
  • Building Quality: D
  • Construction Type: Wood
  • Building Style: Conventional
  • Roof Shape Type: Gable
  • Roof Cover Type: Composition shingle
  • Floor Count: 1
  • Living Units: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 86,934
  • Lot Size Depth Feet: 2,150
  • Lot Size Frontage Feet: 4,030
  • Total Building Area: 5,701
  • Building Area: 5,701
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 5,701
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: 12971
  • Land Acres: 1.996
  • Standard Land Use Code: Single family residential
  • Legal Description 1: TRACT NO 12971 LOT COM N 70 16'30 W 150FT AND N 5 43'30 E 513.42 FT FROM MOST S COR OF LOT 23 TH N 49 46'30 E 20.11 FT TH N 5 43'30 E 247.93 FT TH N SEE ASSESSOR MAPBOOK FOR MISSING PORTIONLOT 23

Ownership

  • Current Owner : MALIBU PROPERTY LLC
  • Previous Owner : MORRIS BRENT
  • Previous Owner 2: MORRIS COLLEEN
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Santa Monica-Malibu Unified School District
  • Census Tract: 800406

Zoning

  • Zoning: LCRA1*

Geography

  • Assessors Map Reference: 111-D5
  • Subdivision Tract Number: 12971
  • Parcel: 4470-011-025
  • Lot: 23
  • Municipality: WEST /POINT DUME
  • Latitude: 34.039
  • Longitude: -118.853

    Address

  • Full Address: 31275 Bailard Rd
  • Address - House Number: 31275
  • Address - Street Name: Bailard
  • Address - Suffix Type: Rd
  • State: CA
  • City Name: Malibu
  • Carrier Code: C104
  • 4-Digit Zip Code: 2605
  • Zip Code: 90265

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $62,538
  • Intital Tax Deliquent Year: 2021
  • Tax Rate Code Area: 10-853

    Appraisal Valuation

  • Standard Deviation: 0.2359
  • Valuation Date: Jan 10, 2024
  • Confidence Score: 67
  • Final Value: 4,665,674
  • High Value: 5,766,548
  • Low Value: 3,564,800

    Open Liens

  • Total Open Liens: 2
  • Total Open Liens Amount: $7,399,999
  • First Open Lien Mortgage Lender: M & T BANK
  • First Open Lien Mortgage Recording Date: May 03, 2021
  • First Open Lien Mortgage Loan Amount: $4,400,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: Commercial
  • Second Open Lien Mortgage Lender: POWER EXPRESS MORTGAGE BANKERS
  • Second Open Lien Mortgage Recording Date: Jan 12, 2024
  • Second Open Lien Mortgage Loan Amount: $2,999,999
  • Second Open Lien Mortgage Term: 360
  • Second Open Lien Mortgage Position: 2
  • Second Open Lien Mortgage Loan Type: New Conventional
  • Second Open Lien Mortgage Loan Due Date: Feb 01, 2054

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $5,358,060
  • Assessed Land Value: $3,625,794
  • Assessed Improvements Value: $1,732,266

    Sales

  • Current Sale Contract Date: Apr 23, 2021
  • Current Sale Recording Date: May 03, 2021
  • Current Sale Transaction ID: 11833546878
  • Current Sale Price: $5,150,000
  • Current Sale Document Type: Grant Deed
  • Current Sale Input Document Number: 21-0701193

    Last Sale Mortgage

  • First Mortgage Lender: M & T BANK
  • First Mortgage Transaction Date: May 03, 2021
  • First Mortgage Loan Amount: $4,400,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: Commercial

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Frequently Asked Questions

What neighborhood is 31275 Bailard Road located in?
The 31275 Bailard Road is a located in the neighborhood of Bailard-Lunita in Western Malibu, Malibu.
What is the average sales price for listings in 31275 Bailard Road?
The average sales price for units in 31275 Bailard Road is $0 currently.

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