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Determining cost per square foot in you estimates.

On 4.20.2013, 9515 Seabreeze Terrace, Malibu, CA 90265 was sold for $680,000 using $465 per square foot. On 5.12.2013 9966 Chumash Trail, Malibu, CA 90265 was sold for $850,000 using $434 per square foot. These two homes are less than a 1/4 mile away. So,why is home at 9601 Wells Road, Malibu, CA  Zestimate using a $287 square foot "value"? (The Seabreeze home is a "double wide"). My home has many more amenities including an ocean view...Just wondering.
Larry Koch...Owner




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July 22 2013 - Malibu
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Answers (1)

Price per square foot doesn't really work in Malibu. There are so many factors that determine value, including location, views, lot size, quality and age of construction and finishes, etc. that the only way to have a clear idea of what a home is worth is what is called a Broker's Price Opinion. I would be happy to assist you determine the price of your home, you can contact me and set up a time to meet and discuss.

Brian Goldberg
Broker Associate, Realtor®
Coldwell Banker Malibu Colony
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July 22 2013
 
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