NOT LISTED FOR SALE

1027 Cove Way Beverly Hills, CA 90210

Estimated Value: $6,577,000 - $11,235,457

4 Beds
6 Baths
4,251 Sq Ft
$2,129/Sq Ft Est. Value

Last Sold December 27, 2021

Last sale price $11,205,130 $2,636 Per Sq Ft

Est. 19% decrease in value since last sale

Current estimated payment $59,157/month

102 Days on Market

Highlights

  • Heated In Ground Pool
  • Gated Parking
  • Midcentury Modern Architecture
  • Beverly Hills High School Rated A
  • View of Trees or Woods
  • Living Room with Fireplace

About This Home

As of December 2021

A meticulous and sophisticated restoration and transformation of a single story 1957 mid-century, originally designed by Alfred T. Wilkes, on one of the most prime streets in Beverly Hills. The level of detail and quality of materials is unparalleled. Gated with a high-level surveillance system, this 4 bedroom, 6 bathroom home has beautiful terrazzo floors with brass inlay throughout, sliding doors that create a true indoor/outdoor flow, stunning entertaining spaces, walnut paneling, teak ceilings, and a custom kitchen with high-end appliances. This is a unique and distinct example of retaining the original lines and architectural integrity of a home while also incorporating the latest technology and finishes beloved in 2021. The epitome of warmth, luxury, and style in an ultra-prestigious location.

Last Agent to Sell the Property

Lisa Optican

Carolwood Estates License #01960751 Listed on: 08/19/2021

Carolwood Estates

Last Buyer's Agent

Sharona Alperin

Sotheby's International Realty License #00923981

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $140,362

Year Built

  • Built in 1957

Lot Details

  • 0.46 Acre Lot
  • Lot Dimensions are 165x120
  • Property is zoned BHR1*

Home Design

  • Midcentury Modern Architecture

Interior Spaces

  • 1-Story Property
  • Bar
  • Two Way Fireplace
  • Entryway
  • Living Room with Fireplace
  • Dining Room
  • Library
  • Terrazzo Flooring
  • Views of Woods
  • Alarm System

Kitchen

  • Oven or Range
  • Freezer
  • Ice Maker
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms

Laundry

  • Laundry Room
  • Gas Dryer Hookup

Parking

  • 2 Car Garage
  • Driveway
  • Gated Parking

Additional Features

  • Heated In Ground Pool
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 4348-011-013

Home Details

Home Type

Single Family

Est. Annual Taxes

$140,362

Year Built

Built in 1957

Lot Details

0

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Mid-Century
  • Levels: One
  • Street Number Display: Yes
  • Lot Acreage: 0.4602
  • Lot Dimensions: 165x120
  • Planned Urban Dev: 0
  • Stories: 1
  • Year Built: 1957
  • State Abbrv: CA
  • Special Features: None

Interior Features

  • Fireplace Rooms: Living Room, Two Way
  • Flooring: Terrazzo
  • Bedrooms: 4
  • Full Bathroom: 3
  • Half Bathroom: 2
  • Common Walls: Detached/No Common Walls
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 1
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Equipment: Alarm System, Dishwasher, Freezer, Garbage Disposal, Gas Dryer Hookup, Gas Or Electric Dryer Hookup, Refrigerator, Range/Oven, Network Wire, Ice Maker

Exterior Features

  • Other Structures: None
  • Pool Description: Heated, In Ground
  • Pool: Yes
  • Spa Yn: No
  • View: Trees/Woods
  • View: Yes

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway, Gated, Garage - 2 Car
  • Total Parking: 4

Utilities

  • Cooling: Central
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Assessor Parcel Number: 4348-011-013
  • Lot Size Area: 20047

Rental Info

  • Land Lease Type: Fee

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 3, 2016
Closed on
Jan 24, 2017
Sold by
Cardinal Equities Llc
Bought by
Scheltinga Richard and The 1027 Cove Way Trust
Seller's Agent
Marshall Peck
Christie's International Real Estate SoCal
Buyer's Agent
Lisa Optican
Carolwood Estates
List Price
$6,995,000
Sold Price
$6,895,000
Premium/Discount to List
-$100,000
-1.43%
Current Estimated Value
$9,049,486

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$2,154,486
Avg. Annual Appreciation
3.15%

Purchase Details

Closed on
Jul 13, 2016
Sold by
Duffy Eric M
Bought by
Cardinal Equities Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$3,720,000
Interest Rate
3.56%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Jan 9, 2015
Sold by
Comsky Cynthia Anne
Bought by
Duffy Eric M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,300,000
Interest Rate
3.87%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Scheltinga Richard $8,713,181 Equity Title
Cardinal Equities Llc $6,112,000 Equity Title Company
Duffy Eric M $5,700,000 Equity Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cardinal Equities Llc $3,720,000
Previous Owner Duffy Eric M $1,300,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/27/2021 12/27/21 Sold $11,205,130 -10.4% $2,636 / Sq Ft
11/29/2021 11/29/21 Pending -- -- --
08/19/2021 08/19/21 For Sale $12,500,000 +81.3% $2,940 / Sq Ft
03/07/2017 03/07/17 Sold $6,895,000 -1.4% $1,622 / Sq Ft View Prior Sale
11/03/2016 11/03/16 For Sale $6,995,000 -- $1,645 / 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
2025 $140,362 $11,890,835 $10,612,080 $1,278,755
2024 $140,362 $11,657,682 $10,404,000 $1,253,682
2023 $137,814 $11,429,100 $10,200,000 $1,229,100
2022 $133,855 $11,205,000 $10,000,000 $1,205,000
2021 $87,658 $7,392,830 $5,914,265 $1,478,565
2019 $85,131 $7,173,557 $5,738,846 $1,434,711
2018 $81,791 $7,032,900 $5,626,320 $1,406,580
2016 $67,288 $5,786,925 $4,629,540 $1,157,385
2015 $9,782 $852,819 $580,552 $272,267
2014 $9,476 $836,114 $569,180 $266,934
Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 21-773740

The MLS

APN: 4348-011-013