$7,700,000
SOLD APR 25, 2012

1024 Summit Dr Beverly Hills, CA 90210

4 Beds
8 Baths
10,424 Sq Ft
0.95 Acres

Recently Sold

$739 Per Sq Ft

9% Below List Price

13 Days on Market

Highlights

  • Heated In Ground Pool
  • City Lights View
  • Midcentury Modern Architecture
  • Beverly Hills High School Rated A
  • 41,380 Sq Ft lot
  • Living Room with Fireplace

About This Home

As of April 2012

Set on 1 acre up a long gated private drive. Published mid century modern by architect William Beckett. Over 10,000 square feet of large scale and light filled space. This prime location, lot and significant period architecture provide a unique opportunity to restore and remodel a great estate.

Last Agent to Sell the Property

Brett Lawyer

Carolwood Estates License #00897489 Listed on: 03/21/2012

Carolwood Estates

Last Buyer's Agent

Jordana Leigh

Rodeo Realty License #01239166

Rodeo Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $154,506

Year Built

  • Built in 1924

Lot Details

  • 0.95 Acre Lot
  • Gated Home
  • Property is zoned BHR1*

Parking

  • Carport

Home Design

  • Midcentury Modern Architecture
  • Composition Roof

Interior Spaces

  • 10,424 Sq Ft Home
  • 3-Story Property
  • Built-In Features
  • Living Room with Fireplace
  • 2 Fireplaces
  • Dining Room
  • Home Office
  • Library with Fireplace
  • City Lights Views
  • Laundry Room

Kitchen

  • Breakfast Area or Nook
  • Oven or Range
  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Marble

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 8 Bathrooms

Outdoor Features

  • Heated In Ground Pool
  • Open Patio
  • Lanai

Utilities

  • Central Heating and Cooling System

Community Details

  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4348-010-019

Home Details

Home Type

Single Family

Est. Annual Taxes

$154,506

Year Built

Built in 1924

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Street Number Display: Yes
  • Living Area: 10424
  • Planned Urban Dev: 0
  • Stories: 3
  • Year Built: 1924
  • Number Of Photos: 1
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Library, Living Room
  • Flooring: Carpet, Hardwood, Marble
  • Bedrooms: 4
  • Fireplaces: 2
  • Dining Room: 1
  • Family Room: 0
  • Laundry: Inside, Room
  • Maids Room: 1
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Built-Ins, Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
  • Fireplace: Yes
  • Price Per S Q F T: 815.43

Exterior Features

  • Tennis Court Y/N: No
  • Pool Description: Heated, Private
  • Pool: Yes
  • Roof: Composition
  • View: City Lights, Tree Top
  • View: Yes

Garage/Parking

  • Covered Parking: 3
  • Parking Garage: Carport

Utilities

  • Cooling: Central
  • Heating: Central
  • Security: Gated

Lot Info

  • Special Zoning: Property Report
  • Horses: No
  • Assessor Parcel Number: 4348-010-019
  • Lot Size Area: 41380

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Sep 10, 2018
Sold by
Agora Oak Llc
Bought by
Harpro Llc
Current Estimated Value
$12,108,128

Purchase Details

Closed on
Mar 7, 2013
Sold by
Phillips Brandon K and Phillips Family Trust
Bought by
Agora Oak Llc

Purchase Details

Listed on
Mar 21, 2012
Closed on
Mar 30, 2012
Sold by
1024 Holdings Llc
Bought by
Phillips Brandon K and Phillips Family Trust
Seller's Agent
Brett Lawyer
Carolwood Estates
Buyer's Agent
Jordana Leigh
Rodeo Realty
List Price
$8,500,000
Sold Price
$7,700,000
Premium/Discount to List
-$800,000
-9.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.48%
Original Mortgage
$4,235,000
Interest Rate
3%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Sep 3, 2009
Sold by
Oppenheimer Gerald H and Virginia B Oppenheimer Trust
Bought by
1024 Holdings Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$5,000,000
Interest Rate
5.2%
Mortgage Type
Credit Line Revolving

Purchase Details

Closed on
Jun 11, 1998
Sold by
Virginia B Oppenheimer Trust and Gerald H
Bought by
Oppenheimer Gerald H and Virginia B Oppenheimer Trust
Source: Public Records

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Quit Claim Deed -- None Available
Grant Deed $10,600,106 Fidelity National Title
Grant Deed $7,700,077 Equity
Grant Deed -- Ticor Title Company
Gift Deed -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $8,000,000 Adjustable Rate Mortgage/ARM
Previous Owner $4,235,000 Adjustable Rate Mortgage/ARM
Previous Owner $5,000,000 Credit Line Revolving
Previous Owner $250,000 Unknown
Previous Owner $350,000 Fannie Mae Freddie Mac
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/10/2024 09/10/24 For Rent $40,000 -7.8% --
03/17/2020 03/17/20 Rented $43,400 -45.1% --
10/01/2019 10/01/19 For Rent $79,000 0.0% --
04/25/2012 04/25/12 Sold $7,700,000 0.0% $739 / Sq Ft
04/18/2012 04/18/12 Off Market $7,700,000 -- --
03/21/2012 03/21/12 For Sale $8,500,000 -- $815 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $154,506 $12,797,193 $8,897,189 $3,900,004
2023 $151,709 $12,546,269 $8,722,735 $3,823,534
2022 $147,358 $12,300,264 $8,551,701 $3,748,563
2021 $143,088 $12,059,083 $8,384,021 $3,675,062
2019 $138,964 $11,701,406 $8,135,348 $3,566,058
2018 $133,485 $11,471,968 $7,975,832 $3,496,136
2017 $130,331 $11,247,029 $7,819,444 $3,427,585
2016 $128,179 $11,026,500 $7,666,122 $3,360,378
2015 $122,686 $10,860,872 $7,550,970 $3,309,902
2014 $118,540 $10,648,123 $7,403,057 $3,245,066
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 12-594605

The MLS

APN: 4348-010-019