Brady Bunch actress sells Malibu beachfront 47 years later for hefty profit

blog_press_08_19_16

By Britt Chester

Key Takeaways

  • Eve Plumb, the actress who played Jan Brady on the Brady Bunch, sold her Malibu beachfront home for $3.9 million.
  • Plumb was 11-years-old when she bought the property for $55,300 in 1969, the year she was cast on the show.
  • The actress sold the home with renderings from Meis Architects for the future buyers to consider should they want to update the 50s cottage.

Actress Eve Plumb, who made her career playing the middle daughter on The Brady Bunch, just sold the first home she ever purchased for $3.9 million.

Plumb purchased the Malibu home when she was just 11-years-old, shortly after being cast for The Brady Bunch, and has been the owner for the past 47 years. She originally purchased the home for her parents for $55,300.

To read the full article click “Keep Reading” or visit their website here.

Why sell now?

According to Bill Baker, one of the listing agents from Deasy/Penner & Partners, Plumb actually listed the home years ago through her property manager. She didn’t receive any bites, though, and continued renting the property.

Baker believes the renderings of a newer, modern home that could potentially be built on the property provided in the listing helped nudge interested parties.

“What appeals to the buyer is a possible opportunity to rent it, or develop it with a big financial upside,” Baker said.

A little bit about Plumb’s first home

She purchased the beachfront home in 1969 for $55,300. When adjusted for 2016 figures, that price tag has the same buying power as $362,609.78 does today. The home was put on the market earlier this year for $4.15 million.

The home is located on Escondido Beach Road. The three-bedroom, 1.75-bathroom home is 850 square feet. Plumb commissioned Meis Architects to create renders of the house that were included in the sale. Meis Architects digitally transformed the house from its original 60s beachfront motif to a modern look complete with floor-to-ceiling windows and a pool.

Baker added that the lot to the south of Plumb’s home is currently unbuildable. He wasn’t sure the legal technicalities, per se, but added that most likely has something to do with the Coastal Commission.

“The purchaser has not indicated what he’s going to do with the property, but that house in that configuration would probably sell for somewhere around $12 million,” Baker said.

Currently, the home looks like what one would expect a 60s beachfront cottage to look like, with weathered panes surrounding the windows and relatively tight quarters in the humble home. However, the renders from Meis Architects showed the buyer options when it comes to updating the look. The renovation quadrupling the size of the home to 3,500 square feet.

Either way, Plumb made a wise investment 47 years ago. And although she’s retired the whole “Marcia! Marcia! Marcia!” schtick, it was probably sweet seeing that Escrow! Escrow! Escrow! close.

You Might Also Like...
Recent Posts

UCLA Report Predicts Continued Weakness in Real Estate Market, Local Realtors Say Otherwise

By Donna Balancia Demand for housing in California is weak and new housing construction is expected to slow throughout the state, including in Pasadena, in 2019 and 2020, according to a new economic study by UCLA. But local Realtors say the outlook remains sunny for existing home sales in the Pasadena area. In his latest… Keep reading

The Buyer Wanted The House And The Car. The Seller Countered With The Cat.

By Neal J. Leitereg In today’s market, more than 80% of sellers make concessions to close the deal, according to Zillow. The most common concessions include appliances, repairs and price reductions, but can occasionally involve a unique item or circumstance. Perhaps the most famous concession was attached to the 2016 sale of the Playboy Mansion…. Keep reading

Deasy Penner Podley Welcomes Partner Zach Stevens

deasypennerpodley is excited to announce Zach Stevens as a new agent to our Pasadena family. Zach Stevens comes from a diverse and unique sales background. After receiving his degree in Business Administration with a minor in Communications he worked for over a decade at a global publishing firm. This experience provided him with a depth of… Keep reading