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3029 Sequit Drive, Malibu, California 90265, Malibu, 90265 - 3 bed, 2 bath

3029 Sequit Drive, Malibu, California 90265 home-pic-0
ACTIVE$1,295,000$1,152/sqft
Est. Value: $1,436,206
10%
BelowEstimate
3029 Sequit Drive, Malibu, California 90265
3Beds
2Baths
1,152Sqft
8,243Lot

Price Vs. Estimate

The estimated value ($1,436,205.55) is $141,205.55 (10%) higher than the list price ($1,295,000). This property may be underpriced.

Key pros and cons

Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8243, living area = 1152.
Top Cons:
MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.

Compared to the nearby listings

Price:$1.29M vs avg $4.30M ($-3,005,000)6%
Size:1,152 sqft vs avg 2,564 sqft8%
Price/sqft:$1.1K vs avg $1.3K44%

More Insights

Built in 1993 (33 years old).
Condition: Built in 1993, the property is over 30 years old. While some elements like the kitchen appliances and one bathroom appear updated, the presence of 'warm terracotta tile' throughout the main living areas and kitchen, along with a dated second bathroom, indicates that the property has not undergone a full recent renovation. The listing itself states it 'requires some work' and has 'potentially dated interior finishes.' It is aged but maintained, with functional major components that show signs of being outdated, aligning with the 'Fair' condition criteria.
Year Built
1993
Close
-
List price
$1.29M
Original List price
$1.29M
Price/Sqft
$1,124
HOA
-
Days on market
-
Sold On
-
MLS number
25631611
Home ConditionFair
Features
Excellent View: Canyon, Hills, Mountain(s), Ocean
ViewCanyon, Hills, Mountain(s), Ocean

About this home

Nestled in the serene and sought-after El Nido neighborhood of Malibu, this 3-bedroom, 2-bathroom home offers sweeping ocean and mountain views, capturing the very best of coastal California living. Surrounded by natural beauty and a welcoming community, this property provides both tranquility and peace of mind with excellent fire safety features such as underground power lines and strategically placed fire hoses at every other home. Step inside and be greeted by a light-filled kitchen adorned with warm terracotta tile and stainless steel appliances. The main level features an inviting living room with ocean views that a stretch to the horizon, a bedroom that can be used for guests or an office space, and a full bathroom with tub/shower. Downstairs, you'll find the primary bedroom, an additional bedroom, and the second bathroom with a soaking tub, offering comfort and privacy. Each room boasting magnificent ocean views. A charming spiral staircase leads to a bonus nook and access to the outdoor garden space below. An ideal space for quiet reflection or creative inspiration. The property also includes two single-car garages, one of which has been converted into a flexible bedroom or home office, perfect for remote work or artistic pursuits. With hiking trails just steps from your front door and world-renowned beaches only minutes away, this home offers the ultimate blend of mountain serenity and coastal convenience. Whether you're soaking in the views, exploring nature, or simply enjoying the calm of this fire-conscious neighborhood, this property is more than a house, it's a lifestyle. Property requires some work; inspection reports are available for review.

K
Kendal White
Listing Agent

Price History

Date
Event
Price
07/18/96
Sold
$350,000
05/07/21
Sold
$1,340,000
02/24/17
Sold
$1,138,000
06/11/13
Sold
$1,000,000
Condition Rating
Fair
Built in 1993, the property is over 30 years old. While some elements like the kitchen appliances and one bathroom appear updated, the presence of 'warm terracotta tile' throughout the main living areas and kitchen, along with a dated second bathroom, indicates that the property has not undergone a full recent renovation. The listing itself states it 'requires some work' and has 'potentially dated interior finishes.' It is aged but maintained, with functional major components that show signs of being outdated, aligning with the 'Fair' condition criteria.
Pros & Cons

Pros

High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 8243, living area = 1152.
Prime Malibu Location & Lifestyle: Nestled in the serene El Nido neighborhood, offering an ultimate blend of mountain serenity and coastal convenience with hiking trails and world-renowned beaches minutes away.
Sweeping Ocean and Mountain Views: The property boasts magnificent ocean and mountain views from multiple rooms, capturing the essence of coastal California living.
Exceptional Fire Safety Features: Enhanced peace of mind with excellent fire safety features, including underground power lines and strategically placed fire hoses within the community.
Flexible Living/Work Spaces: Includes a converted single-car garage ideal for a home office or additional bedroom, plus a charming bonus nook for quiet reflection or creative pursuits.
Abundant Natural Light: The home features a light-filled kitchen and inviting living spaces, creating a bright and welcoming atmosphere.

Cons

MLS Listing Discrepancy: Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 3, other record bedroom count = 2.
Requires Work / Potential Investment: The property requires some work, as indicated by available inspection reports, suggesting potential for additional investment in repairs or upgrades.
Modest Square Footage for Price Point: At 1152 sqft, the home offers a relatively modest living space for its Malibu location and price point, which may limit appeal to certain buyers.
Potentially Dated Interior Finishes: While charming, elements like the 'warm terracotta tile' in the kitchen, combined with the 1993 build year, may suggest some interior finishes could be considered dated by modern luxury standards.
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