Bobby Lehmkuhl ׀ Danielle Dutcher
Obama Signs Homebuyer Tax Credit Extension
November 6, 2009- President Barak Obama has approved the first-time homebuyertax credit extension which will extend the tax credit until April 30, 2010. The extension is part of a $24 billion economic stimulus bill that will extend the $8,000 tax credit for homebuyers who are purchasing their first home from the current November 30 deadline and expands the program to offer a credit of $6,500 to homeowners who have lived in their current home for at least five years and are seeking to relocate.
The following details apply to the homebuyer tax credit expansion:
Who is Eligible
Income Limits
Effective Dates
Types of Homes that Qualify
Tax Credit is Refundable
Payback Provisions
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com State of California D.R.E. Broker License # 01457517
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| Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed. |
For information on stats from January 1, 2009 - current, visit:
http://www.4malibu.com/Nav.aspx/Page=%2fPageManager%2fDefault.aspx%2fPageID%3d2134403
| Beachfront (as of Nov. 5, 2009) | Landside (as of Nov. 5, 2009) |
| # of Actives | Price Range | # of Actives | Price Range | ||
| SFR | 76 | $875,000 - $36,000,000 | SFR | 268 | $269,000 - $65,000,000 |
| Condos | 31 | $525,000 - $5,900,000 | Condos | 38 | $389,000 - $1,995,000 |
| Leases | 160 | $1,200 - $100,000 | Leases | 155 | $1,600 - $250,000 |
| Land | 7 | $198,500 - $12,500,000 | Land | 237 | $24,900 - $29,999,999 |
| OCTOBER 2009 SALES / LEASES |
| SINGLE FAMILY - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 29500 Heathercliff Rd. #258 | $325,000 | $285,000 | 3 | 2 | 1,650 | 3,000 | 1974 |
| 2847 Searidge St. | $625,000 | $605,000 | 3 | 3 | - | 5,506 | 1950 |
| 5936 Paseo Canyon Dr. | $1,065,000 | $935,000 | 3 | 3 | 2,196 | 13,226 | 1970 |
| 3707 Oceanhill Way | $1,100,000 | $1,212,500 | 4 | 2.5 | 2,263 | 6,554 | 1972 |
| 29607 W. Hidden Park Dr. | $1,795,000 | $1,665,000 | 4 | 4.5 | 4,774 | 80,210 | 2007 |
| 6722 Fernhill Dr. | $1,995,000 | $1,748,690 | 3 | 1.75 | 1,693 | 27,878 | 1957 |
| 4789 Latigo Canyon Rd. | $2,275,000 | $2,040,000 | 4 | 4.5 | 4,614 | 145,054 | 2001 |
| 32915 Calle De La Burrita | $2,300,000 | $2,075,000 | 4 | 4 | 3,519 | 28,800 | 1991 |
| 5353 Horizon Dr. | $2,495,000 | $2,430,000 | 4 | 4.5 | - | 13,000 | 2003 |
| 21570 Rambla Vista | $2,750,000 | $2,500,000 | 4 | 4.5 | 3,258 | 4,008 | 2002 |
| 28802 Teal Terrace | $2,800,000 | $2,200,000 | 4 | 3.25 | 4,292 | 84,271 | 1989 |
| 29670 Harvester Rd. | $3,399,000 | $2,650,000 | 4 | 3.5 | 3,503 | 33,106 | 2003 |
| SINGLE FAMILY - BEACHSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 19260 Pacific Coast Hwy. | $2,395,000 | $21,35,000 | 2 | 2 | 1,836 | 1,389 | 1979 |
| 7271 Birdview Ave. | $5,395,000 | $4,700,000 | 4 | 3 | 2,942 | 33,000 | 1958 |
| 23560 Malibu Colony Rd. | $11,900,000 | $10,300,000 | 5 | 6.5 | - | 6,957 | 1990 |
| CONDOS - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 6435 Zumirez Dr. #1 | $995,000 | $870,000 | 2 | 2.5 | 2,204 | - | 1991 |
| CONDOS - BEACHSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 11966 Oceanaire Ln. | $599,900 | $590,000 | 2 | 2 | 995 | 1975 | |
| 20638 Pacific Coast Hwy. #3 | $725,000 | $680,000 | 1 | 1 | 576 | 1961 | |
| 26666 Seagull Way #C109 | $999,999 | $900,000 | 2 | 2 | 920 | 1973 |
| LEASES - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 23901 Civic Center Way #122 | $2,500 | $2,600 | 2 | 1.5 | 1,000 | 1,599 | 1972 |
| 6482 Cavalleri Rd. | $2,500 | $2,450 | 2 | 2 | 1,056 | 2,239 | 1975 |
| 29500 Heathercliff Rd. #81 | $2,900 | $2,700 | 2 | 2 | 1,400 | 3,000 | 1971 |
| 28400 Rey De Copas Ln. | $2,995 | $2,995 | 2 | 2.5 | 1,306 | 2,469 | 1974 |
| 28318 Rey De Copas Ln. | $3,600 | $3,600 | 2 | 3 | 1,821 | 2,957 | 1974 |
| 6489 Cavalleri Rd. #202A | $3,865 | $3,865 | 2 | 2 | 1,557 | 5,283 | 1991 |
| 21003 Pacific Coast Hwy. | $3,995 | $3,500 | 3 | 2 | 1,600 | 15,050 | 1930 |
| 6489 Cavalleri Rd. #305 | $4,000 | $4,000 | 2 | 3 | 1,863 | 5,283 | 1991 |
| 4134 Maguire Rd. | $4,250 | $4,000 | 4 | 3 | 2,637 | 5,990 | 1999 |
| 6416 Sea Star Dr. | $4,300 | $4,300 | 3 | 2 | 1,807 | 8,638 | 1974 |
| 6489 Cavalleri Rd.#413D | $4,850 | $4,850 | 3 | 3.5 | 1,981 | 470,000 | 1991 |
| 29500 Heathercliff Rd. #42 | $5,000 | $5,000 | 4 | 4 | 3,090 | 2,250,309 | 1969 |
| 6489 Cavalleri Rd. #408 | $5,400 | $5,400 | 3 | 3 | 2,188 | 5,283 | 1991 |
| 6722 Fernhill Dr. | $5,500 | $4,000 | 3 | 1.5 | 1,693 | 27,878 | 1957 |
| 7261 Birdview Ave. | $5,500 | $5,000 | 3 | 2.5 | - | 43,996 | 1963 |
| 24612 Vantage Point Terrace | $6,500 | $6,000 | 4 | 3.5 | 3,341 | 13,765 | 1975 |
| 20740 Las Flores Mesa Dr. | $6,500 | $6,000 | 4 | 4 | 3,228 | 14,810 | 1999 |
| 30001 Zenith Point Rd. | $6,700 | $6,600 | 4 | 2.5 | 2,231 | 136,778 | 1979 |
| 6231 Murphy Way | $15,000 | $15,000 | 5 | 4 | 5,098 | 39,212 | 2002 |
| LEASES - BEACHSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 25444 Malibu Rd. | $5,250 | $5,000 | 1 | 2 | - | 8,546 | 1958 |
| 25363 Malibu Rd. #2 | $5,495 | $5,495 | 3 | 3 | - | 7,875 | - |
| 25346 Malibu Rd. | $6,000 | $5,000 | 1 | 1 | 936 | 7,950 | 1947 |
| 7005 Birdview Ave. | $6,300 | $5,800 | 3 | 2 | - | 25,265 | 1956 |
| 22648 Pacific Coast Hwy. #5 | $7,250 | $7,150 | 2 | 2 | 1,150 | 15,682 | 1950 |
| 26645 Latigo Shore Dr. | $12,500 | $12,500 | 4 | 3.5 | 5,800 | 5,227 | 1993 |
| 25152 Malibu Rd. | $15,000 | $14,166 | 3 | 3 | - | 6,377 | - |
| 24748 Malibu Rd. | $16,000 | $14,000 | 3 | 3 | 1,740 | 7,418 | 1960 |
| 62 Malibu Colony Rd. | $25,000 | $25,000 | 5 | 4 | 2,617 | 10,395 | 1927 |
| 25250 Malibu Rd. | $35,000 | $29,000 | 5 | 5 | 4,300 | 7,200 | 2002 |
| 24748 Malibu Rd. | $16,000 | $14,000 | 3 | 3 | 1,740 | 7,418 | 1960 |
| 62 Malibu Colony Rd. | $25,000 | $25,000 | 5 | 4 | 2,617 | 10,395 | 1927 |
| 25250 Malibu Rd. | $35,000 | $29,000 | 5 | 5.5 | 4,300 | 7,200 | 2002 |
| LAND - LANDSIDE |
| Address | LP | SP | BR | BA | SF | LSZ | YB |
| 0 Eaglepass Dr. | $299,000 | $131,000 | 84,071 |
For more info, email Info@4Malibu.com or call (310) 365-7696. 4Malibu.com
State of California D.R.E. Broker License # 01457517
Search the MLS like an agent! To begin, click on my link http://4malibu.listingbook.com.
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Stay Informed with Up-to-the Minute Data
Buying and selling your house can be one of your biggest financial decisions and sometimes the process can be overwhelming. With Listingbook, you have the access to the resources and information to help you make a decision you can be comfortable with.
The information in Listingbook comes straight from the Multiple Listing Service - an association of real estate brokers that agree to share listings with one another. The MLS has the most comprehensive and most current information about real estate in your area. Listingbook updates that information hourly giving buyers and sellers a trusted and dynamic resource to make an informed decision.
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com State of California D.R.E. Broker License # 01457517
Bobby Lehmkuhl ׀ Danielle Dutcher
POINT DUME, Malibu, CA
Point Dume - Known as the "Malibu Riviera" due to its panoramic ocean views and private beachfront estates. It is hands down, one of the most beautiful spots in Southern California, with its rocky coves, headlands, cliffs and vast beach access. On a clear day, one can see the entire Santa Monica Bay to the north Malibu Coast, and even Catalina Island, which can be enjoyed on the bluff-top viewing platform.
Many celebrities have called it home; Johnny Carson, Madonna, Sean Penn, Barbara Streisand, Martin Sheen and Bob Dylan, to name a few.
Appreciation has been steady for the residents and over the years the neighborhood has grown statelier as trees matured and landscaping softened the views. Most homes have deeded access rights and keys for one of the three private gates to lead to the beach, rights that are part of the tremendous appeal and value of the neighborhood, so valuable that the gates have to be re-keyed annually, under tight security.
Even in today's ever changing market, properties in Point Dume are still transferring ownership. Prices on select properties have dropped, allowing some of those who have only dreamed of owning here, actually be in a position to call Point Dume home.
Below is the market activity on Point Dume from the beginning of the year through today.
| Address | Status | LP | SP | BR | BA | SF | LSZ |
| 29201 Larkspur Ln. | Active | $1,970,000 | 5 | 3 | 27,443 | ||
| 29407 Bluewater Rd. | Active | $2,350,000 | 3 | 2 | 1,756 | 56,188 | |
| 6915 Dume Dr. | Active | $2,393,000 | 3 | 2 | 1,808 | 57,935 | |
| 7214 Birdview Ave. | Active | $2,995,000 | 7 | 6 | 27,878 | ||
| 6603 Dume Dr. | Active | $3,395,000 | 4 | 4 | 3,470 | 30,056 | |
| 6805 Wildlife Rd. | Active | $3,800,000 | 5 | 4.5 | 6,091 | 36,817 | |
| 29245 Ciffside Dr. | Active | $4,995,000 | 4 | 4.5 | 3,788 | 50,229 | |
| 6574 Dume Dr. | Active | $4,997,000 | 5 | 4.5 | 72,745 | ||
| 7335 Birdview Ave. | Active | $5,840,000 | 5 | 6.5 | 6,957 | 20,063 | |
| 6225 Zumirez Dr. | Active | $7,450,000 | 5 | 7 | 6,271 | 94,117 | |
| 6835 Wildlife Rd. | Active | $7,495,000 | 6 | 9 | 8,254 | 61,846 | |
| 29119 Cliffside Dr. | Active | $7,750,000 | 6 | 8.5 | 5,741 | 53,143 | |
| 6725 Zumirez Dr. | Active | $7,900,000 | 4 | 3 | 46,174 | ||
| 28827 Grayfox St. | Active | $7,995,000 | 6 | 6.5 | 6,092 | 45,738 | |
| 29149 Cliffside Dr. | Active | $8,900,000 | 6 | 8 | 8,242 | 52,708 | |
| 7307 Birdview Ave. | Active | $10,500,000 | 4 | 3.5 | 4,502 | 47,300 | |
| 7049 Birdview Ave. | Active | $12,995,000 | 5 | 7.5 | 6,397 | 45,738 | |
| 6902 Wildlife Rd. | Active | $15,995,000 | 6 | 7 | 6,800 | 51,836 | |
| 6837 Zumirez Dr. | Active | $17,495,000 | 4 | 4.5 | 4,209 | 55,757 | |
| 6769 Dume Dr. | Pending | $2,675,000 | 5 | 3.5 | 60,984 | ||
| 6980 Dume Dr. | Pending | $4,395,000 | 5 | 5 | 3,522 | 44,431 | |
| 6722 Fernhill Dr. | Sold | $1,995,000 | $1,748,690 | 3 | 1.75 | 1,693 | 27,878 |
| 6637 Zumirez Dr. | Sold | $2,400,000 | $2,200,000 | 4 | 2 | 1,900 | 22,499 |
| 29445 Bluewater Rd. | Sold | $2,595,000 | $2,264,140 | 3 | 3 | 60,113 | |
| 6769 Dume Dr. | Sold | $2,600,000 | $2,120,000 | 3 | 3 | 2,576 | 54,450 |
| 28965 Grayfox St. | Sold | $4,499,000 | $3,800,000 | 5 | 4.5 | 4,500 | 61,855 |
| 6934 Grasswood Ave. | Sold | $2,395,000 | $1,900,000 | 4 | 3 | 2,344 | 44,867 |
| 6771 Wandermere Rd. | Sold | $2,295,000 | $1,800,000 | 3 | 2.5 | 127,631 | |
| 6692 Wildlife Rd. | Sold | $3,700,000 | $3,300,000 | 5 | 5.5 | 4,600 | 60,426 |
| 7271 Birdview Ave. | Sold | $5,395,000 | $4,700,000 | 4 | 3 | 2,942 | 33,000 |
| 28830 Cliffside Dr. | Sold | $15,750,000 | $14,600,685 | 7 | 8 | 8,473 | 50,530 |
| 6843 Zumirez Dr. | Sold | $23,000,000 | $16,500,000 | 5 | 8 | 3,649 | 51,836 |
Broker/Agent does not guarantee the accuracy of the square footage, lot size or other information concerning the conditions or features of the property provided by the seller or obtained from Public Records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Copyright © 2009 by Combined L.A./Westside MLS, Inc. Information deemed reliable but not guaranteed.
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com State of California D.R.E. Broker License # 01457517
September proved to have one of the largest monthly increases in 26 years for home resales, due in large part to first-time home buyers rushing to make their purchase before the tax-credit expires on November 30. The NAR (National Association of Realtors) reported that sales were up 9.4 percent, for a rate of 5.57 million to the 5.1 million in August.
Although sales are up nationwide, prices are still down, reflecting all the foreclosures and short salesthat are still flooding the markets. Los Angeles, San Diego and Las Vegas top the foreclosure sales. More foreclosures are anticipated, as unemployment continues to rise, therefore, prices could fall even further. Supply will soon surpass the demand.
As the housing market is still a major concern, Congress is considering extending the tax credit for first-time buyers so that it includes all home buyers. But this would come at the cost of an estimated $16.7 billion.
To Search for Foreclosures in Malibu, CA, click here.
For more information please email Bobby@4Malibu.com or call (310) 365-7696. 4Malibu.com State of California D.R.E. Broker License # 01457517
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California Real Estate Broker with Outstanding Service!
For over 50 years, Pritchett-Rapf has offered and represented the finest homes in Malibu, California-and inimitable enclave that attracts celebrities, entertainment professionals and those seeking an exclusive yet relaxed atmosphere.
Our clients have found beachfront properties, magnificent estates, ranches, canyon homes, and have built their dream homes on acres of exquisite land. We also specialize in properties in Topanga Canyon; a unique, rural, artistic community that possesses breathtaking natural beauty.
We're recognized as a premier real estate firm because our founding partners, Jack Pritchett and Jim Rapf, have made professional integrity, personal attention loyalty to our clients the benchmarks of everything we do. Like the California coastline itself, our image of exclusivity is only enhanced by our relaxed approachability.
Our International partners share our dedication to personal service and offer access to luxurious, hand-picked properties throughout the world.
California Real Estate Broker License
Specializing In
* Real Estate Appraisal
* Legal Aspects of Real Estate
* Real Estate Finance
* Property Management
* Foreclosure, REO & Short Sale Negotiation
"Bobby worked with us to find our first home, which we purchased the end of December, 2008. Bobby is very friendly, great to work with, and he made us very comfortable. He is very outgoing, positive, and has a great attitude. He asked what we were looking for and showed us houses that fit our needs. He made it very fun to look for our home.
When we called him, he returned the call the same day. He worked so hard every day to find the home with everything we were looking for and in our price range. He had so much patience and kept putting offers in for us. When we did not have time to go look at a house, he would go look at it for us to see if it met our standards.
Buying a first home can be very stressful, but Booby made it so easy for us. Any question we had, he would answer completely and more. We worked with a real estate agent before we worked with Bobby, and she was nice, but we didn't have complete trust in her ability and we weren't sure that she understood what we were looking for. Bobby knew exactly what we were looking for and he found it for us. He got us a great deal and saved us a lot of money. We got everything we wanted in a first home. It is perfect.
It was a pleasure working with Bobby. We were so satisfied with his services that we have already referred our friends and family, who is working with right now, to get their homes. We appreciated Bobby so much and will never use another agent for our future home purchases. He knows exactly what he is doing and we trust him. We are so grateful for Bobby's help that we would strongly recommend him for anyone looking to buy a home."
-Evette Michaelis & Hector Garcia
"We would like to thank you for your help in the sale of our home in North Ranch. We sincerely appreciate your availability and your constant enthusiasm through a difficult sale in a situation that was less than perfect. You were able to keep a positive attitude and work through the difficult times in ways other realtors were not willing to do so. We were amazed at your ability to turn our home in to a "diamond-in-the-rough". Not only do we have a realtor that we could trust, we also have a friend! We look forward to a long and mutually profitable future."
Yours truly,
Karl, Kai and Shauna Schwerdtfeger
My favorite thing about the house hunting experience was anytime that we asked about a particular area he took us there to show us a property. I really feel that helped us make a decision because we were never pushed, never felt obligated to do anything or rushed. When we found the property that really excited us we told him that we liked and wanted it. With Bobbys assistance we put an offer together that we all felt was fair. I had never done a real estate transaction but was never lost or confused to due to Bobbys constant information of what we were doing and what was going to happen next. Then shortly after I received a phone call telling me that we were homeowners, an achievement that I always dreamed of accomplishing. It was a great experience, with a great person who I would refer anyone in my family or recommend to any of my friends! I also believe [Pritchett~Rapf] is very lucky to have such an asset to their company!"
Brent Green
"We would like to take a special moment to let you know how happy we were with your services. We never imagined how a person, like yourself, could make that complicated process be so enjoyable. We appreciated the extra steps you took to put us at ease every step of the way. Your constant commununication assured us that the transaction was going smoothly. We have already told all our friends about you and have given them your number. We love our new home and feel we owe it all to you! A very special thank you from our family."
The Bloch Family
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