NOT LISTED FOR SALE

1027 Summit Dr Beverly Hills, CA 90210

Estimated Value: $7,566,000 - $14,249,780

5 Beds
8 Baths
6,456 Sq Ft
$1,686/Sq Ft Est. Value

Last Sold May 31, 2017

Last sale price $12,250,000 $1,897 Per Sq Ft

Est. 11% decrease in value since last sale

Current estimated payment $74,633/month

About This Home

As of May 2017

This beautiful, traditional tennis court estate with a tranquil backyard and an inviting pool is located in the heart of Beverly Hills. The circular driveway leads to a 2-story entry with a grand staircase. The home's spacious living room opens to a formal dining room and the backyard. The gorgeous kitchen with new counter tops, 2 ovens, 2 dishwashers and 2 pantries is great for entertainment. A large family room with bar and fireplace, master bedroom with his and hers baths and closets, office, 3 additional bedrooms upstairs, staff's room downstairs and a bonus room make this the most comfortable home for sharing with the family, hosting and entertaining. Minutes away from famous Rodeo Drive, shops, restaurants, Beverly Hills Hotel, Montage Hotel and Beverly Wilshire Hotel.

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Aug 24, 2021
Sold by
Watertree Bh 18 Llc
Bought by
Ghassemieh Babak and Gareis Jennifer
Current Estimated Value
$10,886,260

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$8,250,000
Interest Rate
2.7%
Mortgage Type
Commercial

Purchase Details

Listed on
Jan 25, 2017
Closed on
May 22, 2017
Sold by
Gersh Linda and Moray David
Bought by
Watertree Bh18 Llc
Seller's Agent
Stephen Shapiro
Westside Estate Agency Inc.
Buyer's Agent
Fariba Bolour
Sotheby's International Realty
List Price
$12,750,000
Sold Price
$12,250,000
Premium/Discount to List
-$500,000
-3.92%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-1.46%

Purchase Details

Closed on
Jun 10, 2010
Sold by
Moray Sidney and The Moray Family Trust
Bought by
Moray Sidney and The Moray Family Trust

Purchase Details

Closed on
Apr 2, 1998
Sold by
Moray Sidney Trs Moray Family Trust
Bought by
Moray Sidney and Moray Family Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,100,000
Interest Rate
7.07%
Source: Public Records

Range of Values:

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ICE

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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
Ghassemieh Babak $12,950,000 Equity Title Company
Watertree Bh18 Llc $12,250,000 Equity Title Company
Moray Sidney -- None Available
Moray Sidney -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Ghassemieh Babak $500,000
Closed Ghassemieh Babak $250,000
Open Ghassemieh Babak $8,250,000
Closed Ghassemieh Babak $8,250,000
Previous Owner Watertree Bh18 Llc $4,900,000
Previous Owner Watertree Bh18 Llc $1,800,000
Previous Owner Moray Sidney $1,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/26/2020 06/26/20 Rented $25,000 -3.8% --
05/06/2020 05/06/20 Price Changed $26,000 -7.1% $4 / Sq Ft
11/01/2019 11/01/19 For Rent $28,000 -15.2% --
07/01/2019 07/01/19 Rented $33,000 +22.2% --
06/17/2019 06/17/19 For Rent $27,000 +22.7% --
09/17/2018 09/17/18 Rented $22,000 -10.2% --
08/09/2018 08/09/18 Price Changed $24,500 -9.3% $4 / Sq Ft
07/02/2018 07/02/18 For Rent $27,000 +1.9% --
01/01/2018 01/01/18 Rented $26,500 -5.4% --
10/02/2017 10/02/17 For Rent $28,000 0.0% --
05/31/2017 05/31/17 Sold $12,250,000 -2.0% $1,897 / Sq Ft
05/23/2017 05/23/17 Pending -- -- --
03/23/2017 03/23/17 Price Changed $12,500,000 -9.1% $1,936 / Sq Ft
02/07/2017 02/07/17 Price Changed $13,750,000 +7.8% $2,130 / Sq Ft
01/25/2017 01/25/17 For Sale $12,750,000 -- $1,975 / Sq Ft

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 $162,287 $13,473,180 $10,778,544 $2,694,636
2023 $159,341 $13,209,000 $10,567,200 $2,641,800
2022 $154,848 $12,950,000 $10,360,000 $2,590,000
2021 $155,541 $13,134,474 $10,507,580 $2,626,894
2020 $155,030 $12,999,797 $10,399,838 $2,599,959
2019 $151,052 $12,744,900 $10,195,920 $2,548,980
2018 $145,191 $12,495,000 $9,996,000 $2,499,000
2016 $8,015 $667,683 $329,291 $338,392
2015 $7,684 $657,655 $324,345 $333,310
2014 $7,458 $644,773 $317,992 $326,781
Source: Public Records

Agents Affiliated with this Home

  • Fariba Bolour

    Seller's Agent in 2020

    Fariba Bolour

    Sotheby's International Realty

    (310) 666-2216

    3 in this area

    11 Total Sales

    Fariba Bolour
    Section Image
  • James Harris

    Buyer's Agent in 2020

    James Harris

    Carolwood Estates

    (310) 733-8038

    10 in this area

    206 Total Sales

    James Harris
    Section Image
  • David Parnes

    Buyer Co-Listing Agent in 2020

    David Parnes

    Carolwood Estates

    (310) 894-3435

    12 in this area

    135 Total Sales

    David Parnes
    Section Image
  • Jamie Sher

    Buyer's Agent in 2019

    Jamie Sher

    The Sher Group

    (323) 304-2455

    22 Total Sales

    Jamie Sher
    Section Image

  • M

    Buyer's Agent in 2018

    Michelle S. Lally

    The Beverly Hills Estates

    (310) 927-6072

    7 Total Sales

    Michelle S. Lally
    Section Image
  • Michael Mac Dermott

    Buyer's Agent in 2018

    Michael Mac Dermott

    Rodeo Realty

    Section Image
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Map

California Los Angeles County Beverly Hills 90210

1027 Summit Dr, Beverly Hills, CA

This home is located at 1027 Summit Dr, Beverly Hills, CA 90210 and is currently estimated at $10,886,260, approximately $1,686 per square foot. 1027 Summit Dr is a home located in Los Angeles County with nearby schools including El Rodeo Elementary School, Beverly Hills High School, and Good Shepherd Catholic School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

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