NOT LISTED FOR SALE

1035 Summit Dr Beverly Hills, CA 90210

Estimated Value: $6,529,000 - $12,573,360

4 Beds
6 Baths
5,000 Sq Ft
$1,857/Sq Ft Est. Value

Last Sold August 15, 2018

Last sale price $12,750,000 $2,550 Per Sq Ft

Est. 27% decrease in value since last sale

Current estimated payment $61,698/month

28 Days on Market

Highlights

  • Attached Guest House
  • Tennis Courts
  • In Ground Pool
  • Beverly Hills High School Rated A
  • Art Studio
  • Views of Trees

About This Home

As of August 2018

First Offering! The Adelman Residence, 1956, Los Angeles County Museum of Architecture Guide: B6#10, designed by architects Thornton Abell, F.A.I.A. and O'Neil Ford, F.A.I.A. Carefully maintained without alteration since new, the Adelman Residence, now available for purchase for the very first time, affords perhaps the only opportunity to live the celebrated mid-century modern indoor-outdoor lifestyle at one of Beverly Hills' finest locations. The site is over 9/10's of an acre of prime land that was once a part of the contiguous Charlie Chaplin Estate. The gated estate incorporates the 5,000 foot residence, the original Chaplin Tennis Court, a long private drive to the parking court, pool, studio, and panoramic treetop vistas.

Last Agent to Sell the Property

Crosby Doe

Crosby Doe Associates, Inc. License #00463731 Listed on: 07/19/2017

Last Buyer's Agent

Stefani Stolper

Sotheby's International Realty License #01957452

Sotheby's International Realty

Home Details

Home Type

  • Single Family

Year Built

  • Built in 1956

Lot Details

  • 0.92 Acre Lot
  • Sprinkler System
  • Hilltop Location
  • Property is zoned BHR1*

Parking

  • Attached Carport

Interior Spaces

  • 5,000 Sq Ft Home
  • Elevator
  • Wood Burning Fireplace
  • Vertical Blinds
  • Living Room with Fireplace
  • Breakfast Room
  • Dining Area
  • Art Studio
  • Views of Trees
  • Basement

Kitchen

  • Oven or Range
  • Freezer
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 4 Bedrooms
  • Powder Room
  • Maid or Guest Quarters
  • 6 Full Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Outdoor Features

  • In Ground Pool
  • Tennis Courts
  • Balcony
  • Open Patio
  • Outdoor Grill

Additional Homes

  • Attached Guest House

Utilities

  • Air Conditioning
  • Central Heating

Community Details

  • No Home Owners Association
  • Service Entrance

Listing and Financial Details

  • Assessor Parcel Number 4348-012-030

Home Details

Home Type

Single Family

Year Built

Built in 1956

Lot Details

0.92 Acres

Listing Details

  • Property Type: Residential
  • Property Sub Type: Single Family Residence
  • Style: Architectural
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5000
  • Property Condition: No Additions/Alter
  • Year Built: 1956
  • State Abbrv: CA
  • Special Features: None
  • Stories: 0

Interior Features

  • Fireplace Rooms: Living Room, Wood Burning
  • Flooring: Mixed
  • Bedrooms: 4
  • Full Bathroom: 6
  • Half Bathroom: 0
  • One Quarter Bathrooms: 0
  • Three Quarter Bathrooms: 0
  • Laundry: Laundry Area
  • Total Bathrooms: 6.00
  • Equipment: Barbeque, Dishwasher, Dryer, Elevator, Freezer, Garbage Disposal, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 2780.00
  • Windows: Vertical Blinds

Exterior Features

  • Other Features: Balcony
  • Tennis Court: North/South, Private Tennis Court
  • Tennis Court Y/N: Yes
  • Guest House: Attached
  • Pool Description: Private
  • Pool: Yes
  • Spa Yn: No
  • View: Tree Top
  • View: Yes

Garage/Parking

  • Parking Garage: Carport Attached

Utilities

  • Cooling: Air Conditioning
  • Heating: Central

Condo/Co-op/Association

  • HOA: No

Lot Info

  • Sprinklers: Sprinkler System
  • Assessor Parcel Number: 4348-012-030
  • Geocode Override: No
  • Lot Location: Hilltop
  • Lot Size Area: 39942

Rental Info

  • Land Lease Type: Fee

Multi Family

  • Number Of Units: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
May 14, 2020
Sold by
Taschen Benedikt and Taschen Lauren
Bought by
1035 Summit Drive Llc
Current Estimated Value
$9,286,787

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$6,325,000
Outstanding Balance
$5,584,594
Interest Rate
3.11%
Mortgage Type
New Conventional
Estimated Equity
$3,702,193

Purchase Details

Listed on
Jul 19, 2017
Closed on
Aug 1, 2018
Sold by
Tivoli Realty Inc
Bought by
Taschen Benedikt and Taschen Lauren
Seller's Agent
Crosby Doe
Crosby Doe Associates, Inc.
Buyer's Agent
Stefani Stolper
Sotheby's International Realty
List Price
$13,900,000
Sold Price
$12,750,000
Premium/Discount to List
-$1,150,000
-8.27%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
-4.11%
Original Mortgage
$6,500,000
Interest Rate
3.72%
Mortgage Type
Adjustable Rate Mortgage/ARM

Purchase Details

Closed on
Jan 5, 1999
Sold by
Adelman Susan and Susan Adelman Living Trust
Bought by
Tivoli Realty Inc and Tivoli Inc

Purchase Details

Closed on
Dec 11, 1998
Sold by
Adelman Susan
Bought by
Adelman Susan and Susan Adelman Living Trust

Purchase Details

Closed on
Dec 10, 1998
Sold by
Adelman Susan and I B Adelman Trust
Bought by
Adelman Susan

Purchase Details

Closed on
Dec 18, 1996
Sold by
Adelman I B Trust
Bought by
Adelman Susan and I B Adelman Trust

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$100,000
Interest Rate
7.13%
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
1035 Summit Drive Llc -- Old Republic Title Company
Taschen Benedikt $12,750,000 Lawyers Title
Tivoli Realty Inc -- --
Adelman Susan -- --
Adelman Susan -- --
Adelman Susan -- --
Adelman Susan -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 1035 Summit Drive Llc $6,325,000
Previous Owner Taschen Benedikt $6,500,000
Previous Owner Adelman Susan $100,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
08/15/2018 08/15/18 Sold $12,750,000 -8.3% $2,550 / Sq Ft
08/16/2017 08/16/17 Pending -- -- --
07/19/2017 07/19/17 For Sale $13,900,000 0.0% $2,780 / Sq Ft
10/07/2012 10/07/12 Rented $17,000 -5.6% --
10/07/2012 10/07/12 Under Contract -- -- --
08/30/2012 08/30/12 For Rent $18,000 -- --
Source: The MLS

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 $167,994 $14,222,863 $11,378,292 $2,844,571
2024 $167,994 $13,943,985 $11,155,189 $2,788,796
2023 $164,945 $13,670,574 $10,936,460 $2,734,114
2022 $160,210 $13,402,524 $10,722,020 $2,680,504
2021 $155,594 $13,139,731 $10,511,785 $2,627,946
2020 $155,084 $13,005,000 $10,404,000 $2,601,000
2019 $151,104 $12,750,000 $10,200,000 $2,550,000
2018 $4,711 $373,926 $183,249 $190,677
2016 $4,468 $359,408 $176,134 $183,274
2015 $4,289 $354,011 $173,489 $180,522
2014 $4,183 $347,077 $170,091 $176,986
Source: Public Records

Agents Affiliated with this Home

  • Crosby Doe

    Seller's Agent in 2018

    Crosby Doe

    Crosby Doe Associates, Inc.

    (310) 275-2222

    2 in this area

    39 Total Sales

    Crosby Doe
    Section Image
  • Stefani Stolper

    Buyer's Agent in 2018

    Stefani Stolper

    Sotheby's International Realty

    (310) 733-6551

    33 Total Sales

    Stefani Stolper
    Section Image

  • S

    Buyer's Agent in 2018

    Stefani Schmacker 'Stolper'

    Compass

  • Jeeb O'reilly

    Buyer Co-Listing Agent in 2018

    Jeeb O'reilly

    The Agency

    (310) 980-5304

    32 Total Sales

    Jeeb O'reilly
    Section Image
  • Michael Libow

    Buyer's Agent in 2012

    Michael Libow

    Compass

    (310) 691-7889

    57 in this area

    103 Total Sales

    Michael Libow
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 17-252316

The MLS

APN: 4348-012-030

California Los Angeles County Beverly Hills 90210

1035 Summit Dr, Beverly Hills, CA

Not Listed for Sale

Detached

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